http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/05/pakistan-china-to-sign-mou-on-oil-to-chemicals-complex-in-june/ During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project. http://hydrocarbonprocessing.com/news/2024/05/chinas-refinery-output-falls-for-first-time-in-20-mos-due-to-maintenance/ China's refinery output fell 3.3% in April from a year earlier, the first annual decline in 20 mos, as large refiners carried out regular maintenance and small independent plants curbed production due to thin profit margins. http://hydrocarbonprocessing.com/news/2024/05/hsbc-to-arrange-funds-for-149-b-expansion-project-at-vietnams-binh-son-refinery/ Binh Son Refining and Petrochemical has chosen HSBC Bank as the export credit agency for a project to expand its Dung Quat refinery. http://hydrocarbonprocessing.com/news/2024/05/oil-prices-rise-after-positive-us-economic-data/ Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilizing U.S. job market, providing positive signs for future rate cuts and demand. http://hydrocarbonprocessing.com/news/2024/05/singapore-middle-distillate-stocks-tumble-to-nearly-three-month-low/ Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports. http://hydrocarbonprocessing.com/news/2024/05/itochu-to-buy-green-ammonia-from-hives-59-b-coega-facility/ A division of Hive Energy Ltd. announced that a consortium led by Japanese trading giant Itochu Corp. is on the verge of finalizing an agreement to purchase environmentally friendly ammonia from a project located in South Africa. http://hydrocarbonprocessing.com/news/2024/05/higher-refinery-costs-could-increase-summer-gasoline-prices-says-us-eia/ Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA). http://hydrocarbonprocessing.com/news/2024/05/sungas-renewables-c2x-partner-to-expand-green-methanol-production-capacity-in-north-america/ SunGas Renewables Inc. and C2X LLC announced a strategic partnership with the aim to develop, own and operate multiple green methanol production facilities in North America to increase the supply of sustainable fuels and advance global decarbonization of hard to abate industries.  http://hydrocarbonprocessing.com/news/2024/05/ethylene-downcycle-puts-nearly-25-of-capacity-at-risk-of-closure/ A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie. http://hydrocarbonprocessing.com/news/2024/05/gcc-industry-leaders-solidify-commitment-toward-plastic-circularity/ Arabian Gulf industry leaders reaffirmed their commitment to adopting a collaborative approach to develop plastic circularity, invest in Design for Recycling (DfR) and address plastic waste at the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference.