Asia/Pacific
Japan's JX to fuel power plant from refinery waste
Japan's JX Nippon plans to install equipment within the refinery to solidify and extract heavy oil left over after gasoline and light oil are produced from crude. It will also modify idle turbines and boilers on adjoining land to use the oil for power generation. The project will cost a total of Y25 billion.
India's Hindustan shuts portion of Visakhapatnam refinery following fatal fire
Television news channel NDTV said a person was killed and 10 others were injured in the fire at the refinery in the coastal city of Visakhapatnam. The company has shut the refinery as a precautionary step and it is too early to estimate the loss from the fire, according to Hindustan officials.
India signs energy cooperation deal with Iraq for refining, oil exploration
Iraq is eager to boost oil supplies to India, one of the largest oil consumers, in the face of shrinking demand from the US, which has been getting more of its oil and gas from domestic shale deposits.
India sees 5% increase in monthly refining output
Indian refineries processed 19.15 million metric tons, or 4.53 million bpd, of crude compared with 18.21 million tons in June. The July throughput beat the government's target of 18.74 million tons.
Global LNG trade likely to decline again in 2013
Analysts say LNG supply is lagging demand due to a lack of new projects for exporting gas and falling supply from key exporters like Indonesia, the Middle East and Africa.
Celanese, PetroChina to collaborate in China on synthetic fuel ethanol
Under this arrangement, Celanese and PetroChina will collaborate to jointly develop synthetic fuel ethanol opportunities in China utilizing Celanese’s proprietary TCX ethanol process technology.
Asian refined product market pressured by weaker demand, excess supply
Asia's light distillates market is weighed down by excess supply, with naphtha differentials under pressure although demand fundamentals remain largely stable. Gasoline demand, however, tapered off following a seasonal increase during the festival month of Ramadan.
Thailand's PTT begins feasibility study on potential mega refinery in Vietnam
The refinery, with a capacity of 660,000 bpd and a price tag of between $25 billion and $30 billion, would be built in the central coastal province of Binh Dinh. PTT has chosen McKinsey, Foster Wheeler and IHS as advisors for the project, it said, adding that the refinery would be operational from 2020.
EIA: China set to top US as world’s biggest oil importer
China is set to the the largest world import of crude oil in October and will hold that ranking in 2014, forecasters at the federal Energy Information Administartion said Friday
Taiwan sees rising crude oil imports, falling LNG
The country's two refiners, government-owned CPC Corp. and privately run Formosa Petrochemical, refined a combined 3.76 million kiloliters of crude oil, up 4.26% from a year earlier, the bureau said in a monthly report. Refinery utilization fell to 62.54% in June from 66.08% in the previous month, it said.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Orlen has lost $1.2 B on petrochemical project, state audit finds 11/27
