http://www.hydrocarbonprocessing.com Hydrocarbon Processing Not everybody is a loser from the Iran war—just ask Brunei http://hydrocarbonprocessing.com/news/2026/05/not-everybody-is-a-loser-from-the-iran-war-just-ask-brunei/ The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz. Clariant's FAMAX™ catalysts deliver outstanding performance at two Yihua formaldehyde plants in China http://hydrocarbonprocessing.com/news/2026/05/clariants-famax-catalysts-deliver-outstanding-performance-at-two-yihua-formaldehyde-plants-in-china/ China allows fresh urea exports amid Iran war-fueled fertilizer crisis http://hydrocarbonprocessing.com/news/2026/05/china-allows-fresh-urea-exports-amid-iran-war-fueled-fertilizer-crisis/ India ethanol push drives big rise in land farmed to make fuel http://hydrocarbonprocessing.com/news/2026/05/india-ethanol-push-drives-big-rise-in-land-farmed-to-make-fuel/ India depends on imports for some 85% of its oil, so using more ethanol, made from crops such as sugarcane, rice and maize, is central to its plans to boost its energy security and reduce planet-heating emissions. Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities http://hydrocarbonprocessing.com/news/2026/05/pakistan-plans-oil-reserves-storage-push-as-hormuz-constraints-expose-vulnerabilities/ Despite depending on supplies through the Strait of Hormuz for up to 90% of its oil and liquefied natural gas imports, Pakistan has no strategic petroleum reserves. Indian refiners' April crude processing drops 8.9% from a month earlier http://hydrocarbonprocessing.com/news/2026/05/indian-refiners-april-crude-processing-drops-89-from-a-month-earlier/ India is the world's third-biggest oil importer and consumer. Mitsubishi Chemical Group considers spinning off petrochemicals business http://hydrocarbonprocessing.com/news/2026/05/mitsubishi-chemical-group-considers-spinning-off-petrochemicals-business/ Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS http://hydrocarbonprocessing.com/news/2026/05/aramco-and-petronas-announce-transfer-of-full-ownership-of-prefchem-to-petronas/ AkzoNobel supplies protective power for flagship energy project in China http://hydrocarbonprocessing.com/news/2026/05/akzonobel-supplies-protective-power-for-flagship-energy-project-in-china/ Sri Lanka in talks to buy fuel from China and Russia http://hydrocarbonprocessing.com/news/2026/05/sri-lanka-in-talks-to-buy-fuel-from-china-and-russia/ Sri Lanka, which imports all of its fuel, has been hit hard by energy market fallout from the Iran war, pushing authorities to hike fuel prices by 40%, ration fuel sales, and declare Wednesdays as public holidays.