Asia/Pacific
India's June fuel demand edges up 2.6%
India's fuel consumption rose by 2.6% year-on-year to 19.99 metric MMt in June from a year earlier.
Schwedt refinery hits 80% capacity despite ownership doubts
Germany's Schwedt oil refinery is running at > 80% capacity despite uncertainty over its future ownership but market conditions mean there is no incentive to go any higher.
China petrochemical group Hengli plans $1.3-B investment in shipbuilding
Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 B yuan ($1.3 B) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX's assets.
LOTTE Chemical develops high-intensity, flame-resistant PP products for electric vehicle batteries
LOTTE Chemical has developed high-intensity, flame-resistant polypropylene products that can delay thermal runaway in electric vehicle batteries.
Samsung C&T to build Korea's fist ammonia import terminal for co-firing power generation
The terminal will include facilities for storing, unloading, and transporting ammonia. A 30,000-ton storage tank will be used to compress and store ammonia for co-firing power generation. The terminal will also use a fuel blend comprised of at least 20% ammonia for co-firing with coal to reduce carbon emissions.
Shell to take up to $2-B writedown on Singapore and Rotterdam plants
Shell will take an impairment charge of up to $2 B after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants.
China regulator launches country's first 'green' jet aviation fuel center
The Civil Aviation Authority of China launched the country's first technical center for sustainable aviation fuel (SAF) that focuses on standard setting and product research. The center is setting up test facilities for new products which added that China's total aviation fuel consumption is likely to exceed 50 MMtpy by 2030 and the use of SAF could reach 2.5 MMtpy.
Saint-Gobain to acquire chemicals construction company FOSROC for $1 B
Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player, for $1 B (€960 MM) in cash.
Update: Idemitsu Chiba CDU operating normally after lubricant plant's fire
Lubricant shipments from Idemitsu Kosan's Chiba refinery, near Tokyo, have been suspended due to a fire on Tuesday, but other facilities including a crude distillation unit (CDU) are operating normally.
Damper subsidy to oil refiners in Russia set to decline 4.5% to $1.7 B in June
Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 B roubles ($1.7 B) in Russia in June from May due to global gasoline price rises and a weaker rouble.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
