Asia/Pacific
Idemitsu family issues fresh call for management to end Showa Shell merger
The founding family of Japan's Idemitsu Kosan Co. Ltd. has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.
China fuel exports hit record in July, crude imports up 1.2%
China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products pushed refiners to increase shipments to overseas buyers.
Essar Oil to upgrade Vadinar refinery
Essar Oil Ltd.’s 20 MMtpy Vadinar refinery is looking at earning an additional $1.50/bbl crude on its Gross Refinery Margin.
Trafigura extends credit to China teapots to boost crude sales
Trafigura has extended the credit period for two independent Chinese refiners to buy crude, marking a more aggressive push by the global commodity trader to feed the growing appetite of so-called "teapot" refiners to import oil.
Idemitsu, Showa Shell chiefs met to confirm merger plan
Idemitsu is considering acquiring a smaller stake in Showa Shell than planned to counter efforts by its founding family to block a merger of the two oil refiners.
Wison Engineering awarded new EPC contracts by Connel Chemical for MTO project
Wison Engineering has been awarded an EPC contract for a 300kta methanol-to-olefins unit, the first phase of Connel Chemical Industry Ltd.’s 600kta MTO plant.
Concerns grow over Idemitsu family’s attempt to block Showa Shell acquisition
Shares in both companies decline on fears that acquisition plans may be blocked.
Chinese petrochemical company licenses technology from Honeywell UOP and ExxonMobil to produce premium fuels and high-quality base oils
Hainan Handi Sunshine is the first customer in China to license technology from the joint Honeywell UOP-ExxonMobil marketing alliance for premium fuels and lubes.
Idemitsu family, in fight with management, buys Showa Shell shares to block acquisition
The founding family of Japan's Idemitsu Kosan Co. bought a stake in Showa Shell Sekiyu KK, in a bid to block Idemitsu management's billion-dollar plan to take over the rival oil refiner.
Amec Foster Wheeler wins Thai Oil’s Clean Fuel Project contract
Amec Foster Wheeler has been awarded a FEED contract by Thai Oil Public Company Ltd. for its Clean Fuel Project at the Sriracha Refinery in Thailand.
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- U.S. EPA expects to finalize biofuel rules in first quarter of 2026 12/18
- German cabinet approves draft biofuels law, food-based ingredient use to continue 12/18
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- Ineos' Sir Jim Ratcliffe calls on Europe's politicians to take immediate action to protect the European chemical industry 12/18
- MB Energy expands aviation fuel supply to airlines at Copenhagen Airport 12/18
