Asia/Pacific

South Korea, Australia agree to strengthen energy supply chain resilience

South Korea is a key energy partner of Australia as the largest supplier of diesel and third-largest source of jet fuel, Wong said. Australia is South Korea's largest source of liquefied natural gas (LNG).

China's Wanhua Chemical suspends benzene deal with U.S. sanctions-hit Hengli

East China-based Wanhua Chemical is the country's largest buyer of benzene, which is used to make methylene diphenyl diisocyanate, or MDI, an intermediate for manufacturing foams, coatings and elastomers.

Envision joins AEA Ammonia Certification System pilot to accelerate global clean ammonia trade

Envision Energy has announced its participation in the pilot phase of the AEA Ammonia Certification System, a global certification system designed by the Ammonia Energy Association (AEA) to facilitate the transparent, trusted international trade of low-emission ammonia.

India proposes rules to allow higher ethanol-blended fuels in vehicles

The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of 85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol.

Indian refiners' March crude processing slips 1.8% from a year earlier

India's Russian oil imports in March surged to a record 2.25 MMbpd, and are set to remain near record highs in April and May following a new U.S. waiver allowing countries to buy sanctioned Russian oil at sea for about a month, traders said last week.

Sinopec refinery utilization drops, but chemical exports rise due to Iran war

Sinopec, the world's biggest refiner by capacity, cut refinery utilization rates between January and March by 7.6% on an annualized basis to average at around 83%.

Australian foreign minister says China has agreed to cooperate on jet fuel exports

Australia, which imports most of its fuel, has experienced localized shortages since the Middle East conflict that began in February.

Indonesia to remove import duties on some plastic products and LPG for petrochemical industry

Chevron likely to close deal for Singapore refinery stake sale to Eneos in May

The U.S. major had been expected to complete the deal, valued at $1 B or more, in the first quarter, but the timeline has since been pushed back slightly following a major energy supply disruption caused by the U.S.-Iran war.

Nextchem (Maire) awarded licensing, design, services package in China

Nextchem will apply its proprietary Trimellitic Anhydride technology, part of the NX CONSERTM C5+ portfolio, an advanced solution for continuous TMA production developed by CONSER.