Asia/Pacific
Japan refiners maintain profitability in H1, outperform Asian rivals
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
Fire at Indian Oil Corp's Mathura refinery injures eight
At least eight people were injured in a fire at the Indian Oil Corp's 8-metric MMtpy refinery in Mathura, Uttar Pradesh, late Tuesday.
Russia's Novatek may raise naphtha exports to 600,000 t/month from Ust-Luga
Russian energy company Novatek may boost exports of naphtha from its Ust-Luga complex on the Baltic Sea to up to 600,000 tons (t) a month after maintenance and thanks to a new processing unit.
Indian Oil Corp says Gujarat refinery operations normal after benzene tank fire
Indian Oil Corp.'s Gujarat refinery operations were unaffected after a benzene storage tank caught fire on Monday.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October.
Russia to aid hurricane-hit Cuba with diesel fuel
Russia has pledged to provide Cuba with approximately 80,000 tons of diesel fuel worth $60 MM to assist the island nation in its energy crisis.
SABIC opens ULTEM™ resin manufacturing facility in Singapore
SABIC, a global diversified chemicals company, has officially launched its new $170-MM (S$220-MM) ULTEM™ resin manufacturing facility in Singapore, marking the company’s first advanced specialty chemical manufacturing facility in the region producing the high-performance thermoplastic, ULTEM™ resin.
Indonesia proposes increase in biodiesel mix to 50% in 2028
Indonesia's government is proposing to increase the mandatory blend of palm oil-based fuel in biodiesel to 50% in 2028, up from the present amount of 35%.
- MOL Group, KazMunayGas partner on exploring petrochemical production 11/21
- Solvay uses waste wood to power soda ash and bicarbonate plant in Germany 11/21
- Syensqo expands U.S. production capacity for advanced polymers 11/21
- Container shippers hedging green transition with dual-fuel vessel orders 11/21
- Singapore middle distillates stocks rise for fourth week to six-week high 11/21
- EIA: U.S. crude, gasoline inventories rise, distillates draw down 11/21
