Asia/Pacific
LPG-fueled LPG carrier "Captain Markos" delivered
Kawasaki Heavy Industries, Ltd. announced it has delivered the 84,000 m3 capacity LPG carrier CAPTAIN MARKOS. This is the 70th LPG carrier built by the company.
HIF Global and Idemitsu Kosan announce carbon neutral eFuels strategic cooperation
HIF Global, the world’s leading eFuels company, and energy company Idemitsu Kosan today announced a strategic cooperation agreement to accelerate the production of carbon neutral eFuels.
The market for adipic acid is expected to develop at a consistent CAGR of 4.9% per year by 2032
Due to the production of waste nitrous oxide, the current commercial petrochemical process that produces adipic acid from KA oil and is catalyzed by nitric acid seriously pollutes the environment.
China refiner ZPC enters strategic fuel marketing deal with Sinopec
Privately controlled Zhejiang Petrochemical Corp, operator of China's largest refinery, said it has reached a strategic agreement with state refining giant Sinopec on the domestic marketing of its fuel.
Japan's carbon pricing scheme being launched in April
Japan, the world's fifth-biggest CO2 emitter, will begin a carbon pricing scheme in stages from April to encourage companies to curb emissions and achieve its goal of carbon neutrality by 2050.
Chinese refiner Chambroad set to start bitumen plant in Hainan
China's Chambroad Petrochemicals is set to start operating a refining unit in the southern province of Hainan in May to produce mainly bitumen with an aim to export the material used to pave roads.
Qantas, Airbus to invest in Australian biofuel refinery
Qantas Airways Ltd and Airbus SE will jointly invest $1.34 MM in a biofuel refinery being set up in Australia's Queensland state that would convert agricultural by-products into sustainable aviation fuel.
Shell puts a stop to Singapore biofuels, base oil projects
Shell has decided not to go ahead with two projects it was studying to produce biofuels and base oils in Singapore.
CNOOC, Shell JV sign $5.6-B agreement to expand ethylene plant in China
CNOOC and Shell Petrochemicals Company Ltd signed a framework agreement worth $5.6-B with China’s Huizhou city government to expand its ethylene project in the city.
Australia heads for second year of record gasoline, diesel imports
Australia's gasoline and diesel imports are expected to rise 2% to hit a record for a second straight year due to a drop in domestic production and a post-COVID economic recovery boosting fuel demand.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
