Asia/Pacific
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.
Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East
The front-month diesel East-West price spread hit its widest in 1.5 yr of slightly more than $73 per tonne (t) at Asia market close, LSEG data showed on Monday, underscoring supply concerns in the West and steady Asian fundamentals.
Bangkok Airways introduces SAF on commercial flights
The airline has officially announced the adoption of sustainable aviation fuel (SAF) on its commercial flights, reinforcing Thailand’s green aviation industry and laying a crucial foundation for environmentally balanced aviation development in the future.
China's Shandong raises fuel oil import tax rebates for some refineries
The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand.
Indonesia's Pertamina seeks spot gasoline, including Singapore cargoes
Indonesia's Pertamina on Wednesday sought up to 1.5 MMbbl of 90-octane grade of gasoline, including supplies from Singapore, for delivery between July 20 and July 30 on a free-on-board basis in a spot tender.
Northeast Asia sends the most jet fuel to Europe in nearly a year in June
Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, amid fears of a Middle East supply disruption.
Dow unveils INNATE™ TF 220 precision packaging resin and advances collaborations to redefine packaging circularity
Dow Chemical announced significant milestones to mark breakthrough innovation with INNATE™ TF 220 resin to help enable the design for recyclability and high-performance BOPE films for flexible packaging.
LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China
LyondellBasell announced that SHCCIG Yulin Chemical Co., Ltd. will license four key technologies for a major new petrochemical complex in Yulin City, Shaanxi Province, China.
hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking
hte and JGC have collaborated on innovative technologies for converting ammonia into hydrogen. The goal of this contract research project conducted at hte’s laboratories was to advance decarbonization by identifying suitable catalysts for ammonia cracking.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
