Asia/Pacific
Addverb reinvents its factory automation development with Siemens Xcelerator
Addverb has adopted Siemens' Teamcenter® software for product lifecycle management (PLM) to streamline product development, ensure data consistency and enhance cross-functional collaboration across engineering and manufacturing teams.
Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’
Nayara, which controls about 8% of India's 5.2-MMbpd refining capacity, has been struggling to transport fuel since being placed under EU sanctions in July.
China’s Sinopec Shanghai Petrochemical first half profit slides
The company said the market remains challenging, with strong supply and weak demand, rising penetration of new-energy vehicles squeezing fuel demand, and the chemical sector still at a cyclical low.
Major South Korean petrochemical firms and production
South Korean producers have suffered losses due to oversupply, particularly in China, the biggest petrochemical market, and sluggish demand.
Chinese refiners sweep up Russian oil after Indian demand falls
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said.
Indonesia plans quick-to-build oil refineries for U.S. crude
Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical.
Plastic pollution treaty stalled as Geneva talks end without deal
Delegates discussing the world's first legally binding treaty to tackle plastic pollution failed to reach consensus, diplomats said, voicing disappointment and even rage that the 10-day talks produced no deal.
Australian-first maritime emissions reduction insetting for CBH
CBH Group has collaborated with Norden and Oldendorff, shipping companies that are using waste-based biofuel voyages.
Vietjet partners with Petrolimex to use SAF
For the first time in Vietnam, Petrolimex Aviation has blended and provided the first 1,200 m³ of sustainable aviation fuel (SAF) for Vietjet flights.
China still storing crude oil even as refinery runs rise
Despite the decline in surplus oil, the key point is that refiners are still likely adding to stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
