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Asia/Pacific

S-Oil holds groundbreaking for $7-B Shaheen crude-to-chemicals complex

S-OIL held a groundbreaking ceremony for the capital-intensive Shaheen crude-to-chemicals complex in Ulsan, South Korea.

Indonesia's biodiesel policy, dry weather to keep palm oil prices elevated

Indonesia's biodiesel policy and the likely emergence of the El Nino weather pattern could further strain global inventories of the most used cooking oil, lifting prices later this year, leading industry officials and analysts said.

AWS unveils startups selected for the Clean Energy Accelerator 3.0 program

Amazon Web Services (AWS) announced the startups selected for the Clean Energy Accelerator 3.0. The program is designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies.

Philippines rushes to contain oil spill from sunken fuel tanker

Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks.

Chinese diesel/gasoline exports continue to rise

China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilized their expanded yearly export quotas.

Vietnam's Long Son petrochemicals complex to start operations by mid-year

Long Son Petrochemicals will start commercial production at its petrochemical complex in southern Vietnam by mid-2023.

Indonesia trying to create palm oil benchmark price

Indonesia, the world's biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange to create the country's own benchmark price.

Oil price rises on Chinese demand rebound

Oil rose on signs of a strong economic rebound in top crude importer China, but fears over the impact of potential increases to European interest rates kept prices from moving higher.

Editorial Comment: Juggling the increasing global demand for thermoplastics vs. reducing their environmental

Hydrocarbon Processing Staff: Nichols, Lee

If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.

Inpex to use BASF-JGC Corp.'s CO2 capture technology for large-scale blue H2/ammonia project

Inpex plans to utilize BASF and JGC Corp.'s HiPact CO2 capture technology in its Kashiwazaki Clean Hydrogen/Ammonia project.