Asia/Pacific
Japan's Idemitsu shuts Chiba naphtha cracker
TOKYO (Reuters) — Japan's Idemitsu Kosan shut the 414,000 tpy Chiba naphtha cracker on Friday to increase its capacity to process propane, an industry source familiar with the matter said.
S.Korean fuel oil exports to China rise, dent shipments from Singapore
SINGAPORE (Reuters) — Two South Korean refiners are exporting excess cargoes of residual fuel oil to nearby China, displacing some Singaporean sales of the commodity which can be used in ships and power stations, three trade sources said.
Japan fires up biomass energy, but fuel shortage looms
TOKYO (Reuters) — As the sun sets on Japan's solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies.
OPEC says winning battle to curb oil glut
VIENNA (Reuters) — OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday.
LyondellBasell begins production at new PP compounding plant in China
HOUSTON and ROTTERDAM, The Netherlands — LyondellBasell announced the successful startup of a new 20 ktpy polypropylene (PP) compounding plant in Dalian, China. This is the company's third facility in China, strategically located to serve the region's growing automotive market.
New Zealand jet fuel rations increased as govt calls in navy to beat shortage
WELLINGTON (Reuters) — New Zealand will partially ease fuel rationing on Thursday night, a spokesman for the country's oil industry said, a sign that the five-day long fuel shortage that has caused air travel disruptions is subsiding.
Russia set to pipe more oil to China, stepping up race with Saudis
BEIJING/MOSCOW (Reuters) — Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia's position as China's largest oil supplier in a close race with Saudi Arabia.
Grace Licenses process technology, services to Ningxia Baofeng Energy Group
COLUMBIA, Md. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology and services to Ningxia Baofeng Energy Group Co., Ltd. for a new methanol-to-olefin (MTO) facility in Ningxia, China. The new reactor line is expected to begin operations in late 2018.
ADNOC to cut November crude oil exports to Asia
SINGAPORE (Reuters) — Abu Dhabi National Oil Company has informed buyers in Asia it will reduce supplies of its flagship Murban crude by 15% in November to comply with OPEC production cuts, trade sources said on Wednesday.
China's crackdown on excess may target oil refiners next
BEIJING (Reuters) — China’s oil refining and chemical sector, including coal-to-gas plants, may be the next target of Beijing’s campaign against overcapacity if it keeps expanding, said a government think-tank official on Wednesday.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
