Asia/Pacific
Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund
China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).
Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore
Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.
India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.
U.S. ethane exports to China hit new roadblock with license requirement
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the U.S. Commerce Department told exporters to seek licenses to export to China
Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project
Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.
Japan's Cosmo Oil undergoes unplanned shutdown of No. 2 CDU in Chiba refinery
Japan's Cosmo Oil, a unit of Cosmo Energy Holdings, underwent an unplanned shutdown of the 102,000-bpd No. 2 crude distillation unit (CDU) at the Chiba refinery, near Tokyo
Asia jet fuel exports to U.S. West Coast to hit 1-year high in May
Asia's jet fuel exports to the U.S. West Coast (USWC) are expected to hit at least a one-year high in May, according to shiptracking data and three trade sources, as refinery outages in California boosted prices and import demand.
Japan's Eneos says unplanned shutdown began at 145,000-bpd Sendai CDU on May 23
Japan's biggest refiner, Eneos Corp., experienced an unplanned shutdown of the 145,000-bpd crude distillation unit (CDU) at its Sendai refinery in northern Japan, starting May 23.
Indian refiner Reliance's April Russian oil imports up 55% m/m
India's Reliance Industries, operator of the world's biggest refining complex, shipped in about 826,000 bpd of Russian oil in April, up nearly 55% from the previous month.
Canada shift crude oil exports to China, an unintended consequence of U.S. energy tariffs
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
- Honeywell collaborates with SAF One and Tata Projects to enable sustainable aviation fuel production 1/29
- Casale and OMNI Sign MoA to jointly advance waste-to-green methanol and hydrogen technologies 1/29
- GIZ and thyssenkrupp nucera partner to advance green hydrogen and power-to-X markets in India 1/29
- IACS issues new Unified Requirement on ammonia release mitigation systems 1/29
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project 1/29
- CF Industries, POET launch low-carbon fertilizer pilot to cut ethanol production carbon intensity 1/29
