Asia/Pacific
IHI, Vopak to launch ammonia terminal project in Japan
IHI Corporation and Royal Vopak have signed a joint development agreement to establish a new joint venture focused on the development and operation of an ammonia import terminal in Japan.
India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August
Diesel output from BPCL's Bina refinery will be affected during the maintenance turnaround, but gasoline production will continue through its secondary unit.
Soaring electric truck sales deal new blow to diesel use in China
Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil demand from the world's biggest crude importer.
India must boost its petchem output to counter China's dominance, Reliance says
India must increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector.
Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production
Indian Oil Corp plans to shut the diesel desulfurizer unit at its 300,000-bpd Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said.
Nayara to use Univation Technologies' PE process for world-scale plant in India
Univation Technologies, LLC announced that Nayara Energy Ltd. has selected Univation's UNIPOL™ PE Process Technology for a world-scale production line in Vadinar, Gujarat, India.
Envision commissions fully AI-enabled, off-grid renewable power green ammonia facility
Envision has officially commissioned the world's largest and most advanced green hydrogen and ammonia production facility.
Jet fuel demand falters as Chinese curb overseas trips, U.S. policies weigh
The recovery in global jet fuel demand is set to slow and stall below pre-pandemic levels this year and next as the Chinese travel abroad less, stringent U.S. immigration policies deter some tourists and aircraft fleets become more fuel-efficient.
Saudi Arabia, Indonesia sign several deals worth around $27 B
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.
Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia
Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
