Asia/Pacific
INEOS and SINOPEC sign second joint venture to produce ABS in China
INEOS and SINOPEC signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300 ktpa ABS plant in Tianjin.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
India cuts windfall tax on petroleum crude
The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday.
Racing to find the right separation technology
The global pandemic, economic slowdown and instability caused by regional conflicts have significantly impacted the approximately 735 petroleum refineries worldwide.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking more than 1,150 active projects in the hydrocarbon processing industry.
China adds 15 MMt to 2023 fuel export quotas in third batch
China has issued 15 MMt of oil products export quotas to companies in its third batch for 2023, according to three trading sources and two domestic consultancies.
Colombia's Ecopetrol to invest up to $1.3 B in cleaner, better fuels
Colombia's majority state-owned oil company Ecopetrol will invest between $1.2 B and $1.3 B over the next seven years in cleaner and better fuels.
China's refined fuel demand in H2 2023 to rise 10% year-to-year
China's apparent refined fuel demand is expected to increase by 10% year-on-year in the second half of 2023.
Singapore's middle distillates stocks fall 7.5% on robust jet fuel outflow
Middle distillates stocks held at key storage hub Singapore slipped by 7.5% week on week as robust jet fuel outflows outweighed a surge in gasoil total imports from regional sellers.
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flows
India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
