Asia/Pacific
Sinopec's Jinling plant ships first bitumen cargo to Hawaii
BEIJING (Reuters) — Sinopec Corp’s Jinling refinery in eastern China shipped a cargo of bitumen, a heavy oil product used mainly in road paving, to the state of Hawaii for the first time, according to a report on Friday on the website of the State-owned Assets Supervision and Administration Commission (SASAC).
China's Nov crude imports rise to 2nd highest on record
BEIJING (Reuters) — China’s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar, customs data showed on Friday.
Vietnam signs crude oil supply deals with SOCAR, Glencore
HANOI (Reuters) — Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil have signed non-binding term agreements with two western trading companies to buy crude, BSR officials said on Friday.
South Korean refiners conclude 2018 gasoil, jet fuel term contracts
SINGAPORE (Reuters) — South Korean refiners Hyundai Oilbank and GS Caltex have concluded their 2018 term contracts to sell gasoil and jet fuel, traders said on Thursday.
Re-emerging supply, lower demand push down oil refining margins
SINGAPORE (Reuters) — Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing supply and faltering demand, retreating from stubbornly elevated levels at the start of the quarter.
SABIC looking at investing in US gas
(Reuters) — Petrochemicals company Saudi Basic Industries Corp (SABIC) is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saudi energy minister said on Wednesday.
BP to build third lubricants blending plant in China
(Reuters) — BP said on Wednesday it plans to build its third plant for blending lubricants in China for about $227 MM as it looks to meet the country’s rapidly growing demand.
US confirms duties on Argentine, Indonesian biofuel
CHICAGO (Reuters) — The US International Trade Commission (ITC) on Tuesday made a final finding that biodiesel imports from Argentina and Indonesia harm US producers, ensuring that anti-dumping and anti-subsidy duties remain in effect for at least 5 yr.
Indian refiners turn to use dirty fuel to produce power, gas
NEW DELHI/MUMBAI (Reuters) — Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi.
Indian oil refiners issue tanker tenders aimed at boosting domestic shipping
NEW DELHI/SINGAPORE (Reuters) — Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
