Asia/Pacific

Chinese refiners delay projects due to Middle East oil supply disruption

Utility Global signs first commercial project agreement in South Korea for H2Gen Project in Daejeon

Utility Global and SAMJIN E&I have announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.

ENGIE and European Energy start cooperation on large-scale renewable hydrogen development in Denmark

ENGIE and European Energy have entered into a cooperation agreement to advance the development of a large-scale renewable hydrogen project in Denmark.

Celanese to optimize engineered materials compounding footprint in Asia region

Chinese refiners delay projects with Middle East oil supply disrupted

The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.

India launches gasoline blended with 85% ethanol at lower price

Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.

Indian companies willing to deepen presence in Venezuela

New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.

Japan steps up efforts on cooking oil in race for sustainable aviation fuel

The flurry to collect cooking oil highlights the challenge for the aviation industry, one of the biggest emitters of greenhouse gas, in trying to reduce its carbon footprint.

Indian refiner Nayara says Vadinar refinery turnaround completed

Nayara's Vadinar refinery accounts for about 8% of India's total refining capacity and approximately 7% of its retail fuel network.

South Korea jet fuel exports rebound in May to pre-war levels

The rebound from one of Asia's top fuel exporters, seen in a slew of spot cargo sales, has helped ease concerns about tight supply and done much to cool prices in the region.