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Asia/Pacific

Bain-backed biofuels refiner ties up with China firm to source feedstock

Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.

India to allow diversion of up to 1.7 MMt of sugar for ethanol

India has decided to allow sugar mills to divert up to 1.7 MMt of sugar for ethanol production, as New Delhi aims to reduce disruptions in its ambitious biofuel program.

Sumitomo Chemical to establish innovative and highly efficient technology for producing methanol from CO2

Sumitomo Chemical has completed the construction of a pilot facility to establish a highly efficient process for producing methanol from CO2 at its Ehime Works, located in Niihama City, Ehime Prefecture, Japan, and has commenced operations at the facility.

India will buy Venezuelan oil, says minister

India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil.

Neste enables first Thai Airways flight using SAF in cooperation with PTT and Petco Trading

Thai Airways, the flag carrier airline of Thailand, operated its first flight using Neste MY Sustainable Aviation Fuel in December, 2023.

Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb

Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.

India's Nov Russian oil imports up 3% from Oct - trade

India's Russian oil imports in November rose to a 4-month high of 1.6 MM bpd, up 3.1% from October, making up about 36% of the nation's overall imports last month.

Singapore fuel oil inventories rebound to near three-month highs

Residual fuel oil inventories at key trading hub Singapore rebounded to nearly three-month highs as net imports recovered after a sharp decline last week.

Japanese refineries close as the country's petroleum consumption falls

The U.S. Energy Information Administration forecasts the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population.

Mott Corporation and South Korean partner DL E&C announce eight-figure agreement with S-Oil to advance cutting edge chemical production

Mott Corporation, a global leader in filtration and flow control solutions, announced a new eight-figure agreement with South Korean refinery S-OIL. Mott and its Korean partner DL E&C are teaming up to provide critical filtration technology for S-OIL’s groundbreaking Shaheen project in Ulsan, South Korea.