Asia/Pacific
Australia opens first carbon refinery, making new products from captured CO2
MCI Carbon has been developing the Myrtle Carbon Capture Utilization and Storage technology for 15 years and the demonstration plant can potentially capture 2,500 metric tons of CO2 a year.
Indonesia on track to launch B50 biodiesel program on July 1
Indonesia revived its plan to raise the biodiesel ratio to 50% from the current 40% in March, in a response to the oil supply disruptions that followed the U.S. and Israel attacks on Iran.
Opinion: China used crude stockpiles to ease Iran shock, but not that much
For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
China sets sights on heavy truck electrification in blow to diesel demand
By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.
China learns to live on less fuel, to the relief of oil markets
Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
