Asia/Pacific
Malaysia's Prefchem restarts gasoline unit after repairs since January
Malaysia's Pengerang Refining Co. (Prefchem) has restarted one of its two residue fluid catalytic cracking (RFCC) units in the past week after shutting it for repairs early this year.
Insight: Lifting U.S. sanctions on Iran could crush China’s 'teapot' oil refineries
The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices.
Mitsui Chemicals studying use of ethanol to make petrochemicals
Mitsui Chemicals is studying the use of ethanol as a feedstock in its naphtha crackers to improve competitiveness amid oversupply in the global petrochemical sector
Lotte Chemical to start operating Indonesia cracker in H2 2025
The new cracker which has the capacity to produce 1 MMtpy of ethylene is part of a $3.95 billion project at Cilegon, in Indonesia's Banten province.
hte, Mitsubishi Chemical partner to screen MMA oxidation catalysts
hte signed a contract with Mitsubishi Chemical to provide research services for the screening of MMA oxidation catalysts. The research project included an accelerated aging study, with the aim to qualify a catalyst with extended lifetime properties for the commercial operations.
With U.S. trade war, China now top buyer for Canadian crude on Trans Mountain pipeline
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
Asia's refined fuel imports drop, but margins still hold
Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.
SP Chemicals plans to raise ethane use at eastern China petchem plant
SP Chemicals is studying plans to increase ethane use as feedstock at its petrochemical complex in eastern China's Jiangsu province to up to 90% from 75%, its CEO Chan Hian Siang said on Thursday.
Japan's oil refiners scale back decarbonization efforts, refocus on fossil fuels
Japanese oil companies are scaling back decarbonization initiatives, including hydrogen and ammonia projects, amid a global shift towards more stable and cost-effective fossil fuels.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5

