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Asia/Pacific

NRL signs MoU with UNIDO for bio-refinery

NRL signed an MoU with United Nations Industrial Development Organization (UNIDO) for inclusive and sustainable bamboo supply chain development for its upcoming bio refinery at Numaligarh, Assam.

Sinopec starts up Tianjin commercial crude reserve

(Reuters) — A new commercial crude oil reserve base built by China’s Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.

China's crude refinery output rebounds in Aug on new quotas

BEIJING (Reuters) — Chinese refineries processed 6.5% more crude oil in August than a year earlier at 47.12 MMt, or about 11.1 MMbpd, data from the National Bureau of Statistics showed on Thursday.

CB&I awarded storage project in Central Asia

THE WOODLANDS, Texas — CB&I announced it has been awarded a contract valued at approximately $50 MM for a storage project in Central Asia. CB&I's scope of work includes the engineering, fabrication and construction of nine flat bottom tanks.

China's plastic demand to rise as foreign garbage ban to curb recycled supply

SINGAPORE (Reuters) — China's already soaring plastic demand may rise even further as the government plans to ban waste-plastic imports by the end of this year, which will curb domestic plastic recycling.

China set for ethanol binge as Beijing pumps up renewable fuel drive

BEIJING (Reuters) — China's bold plan to blend renewable fuels into its gasoline supply within 3 yr will revolutionize its fledging biofuels industry, industry players said, likely spurring billions of dollars in investment in ethanol factories.

India's fuel demand falls the most in over 14 yr

NEW DELHI (Reuters) — India's fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.

S.Korea's GS Caltex says unsure when will restart fire-hit hydrocracker, aromatics unit

SEOUL (Reuters) — GS Caltex, South Korea’s second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month.

PTTGC announces $4 B 5-yr investment plan for eastern Thailand

BANGKOK (Reuters) — PTT Global Chemical Pcl, Thailand’s largest petrochemical producer, on Tuesday announced a $4 B investment plan over the next 5 yr in an industrial development on the eastern seaboard.

Profits on producing gasoil, jet fuel soar in Asia as demand outpaces supply

SINGAPORE (Reuters) — Profits on churning out barrels of gasoil and jet fuel in Asia could keep climbing after marking their highest in nearly two years this month, boosted as demand outpaces supply hit by a string of refinery outages both internationally and in the region.