Asia/Pacific
Indonesia expects EU to adjust palm oil biofuel stance after EU ruling
Indonesia welcomed a ruling by the World Trade Organization in a case against European Union on palm oil-based biodiesel, expecting the bloc to adjust its regulations to comply with the ruling.
China's vast refining sector faces shakeout as fuel demand peaks
Up to 10% of China's oil refining capacity faces closure in the next 10 yr as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants.
Global diesel prices spike as U.S. hits Russia with new sanctions
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
AM Green and DP World join forces to establish India as global hub for green molecules
AM Green, a leader in green hydrogen (H2) and ammonia production, has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals.
South Korea considering buying more U.S. oil and gas
South Korea is interested in importing more U.S. oil and gas to diversify energy sources and ensure stable supplies given tensions in the Middle East.
Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China
CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, has taken a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, south China.
Plug Power seals huge deal with Allied Green Ammonia for 3-GW electrolyzer system
Plug Power Inc., a global leader in comprehensive hydrogen (H2) solutions for the green H2 economy, has signed a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green H2-to-ammonia (NH3) plant, now under development in Australia.
Russian oil products trapped at sea by U.S. sanctions
Nearly 500,000 tonnes (t) of Russian oil products are trapped on tankers hit by U.S. sanctions.
PTTGC starts first sustainable jet fuel production in Thailand
Thailand's PTT Global Chemical (PTTGC) has started producing sustainable aviation fuel (SAF) in the country for the first time and plans 6 MM liters (l) (37,738 bbl) in annual output for the first phase.
KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit
Part of a new biorefinery within Petronas' Malaysian Pengerang Integrated Complex, the 38,000-m3/hr production unit will supply hydrogen to produce sustainable aviation fuel and hydrogenated vegetable oil.
- ADNOC takes FID, awards $5 B in contracts for Phase 1 of its Rich Gas Development project 6/10
- Honeywell, Johnson Matthey, Gidara Energy and Samsung E&A form SAF technology alliance 6/10
- The U.S. produced more energy in 2024 than ever before 6/10
- Japan’s Taiyo Oil buys first Russian crude in more than two years on government request 6/10
- TRE HOLDINGS, Mitsubishi Gas Chemical to study feasibility of using woody biomass and waste to produce green methanol in Japan 6/10
- Honeywell completes acquisition of Sundyne to expand process industry capabilities 6/10
