Asia/Pacific
Japan to curb gasoline prices from June to cushion U.S. tariff blow
Japan's ruling coalition agreed to curb gasoline prices to help cushion households against wider economic pain stemming from U.S. tariffs
DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia
Neste and DB Schenker, one of the world’s leading logistics service providers, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. This partnership underscores the shared commitment of both companies to progress towards lower-emission logistics.
Quaker Houghton completes its acquisition of Dipsol Chemicals and announces its acquisition of Natech
Quaker Houghton, a global industrial process fluids company, has completed its previously announced acquisition of Dipsol Chemicals, a supplier of surface treatment and plating solutions and services primarily for the automotive and other industrial applications, for ~$153 MM.
Shell completes Singapore refinery sale to Chandra Asri-Glencore JV
Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore JV, and trade sources said the new owners had already started purchasing feedstock.
Japan's Maruzen Petrochemical to shut ethylene unit in Chiba
Japan's Maruzen Petrochemical, a unit of Cosmo Energy Holdings, will shut its ethylene unit in Chiba in the 2026/27 financial year and consolidate production at Keiyo Ethylene, its joint venture with Sumitomo Chemical, the companies said.
BASF starts up its first plant for recycled polyamide 6
BASF announced the start-up of the world’s first commercial loopamid® plant. The production facility at the Caojing site in Shanghai, China, has an annual capacity of 500 metric tons and marks an important step in the supply of sustainable products for the textile industry.
China's Rongsheng Petchem opens Canada office, buys crude from Suncor
China's Rongsheng Petrochemical, China's largest independent refiner with capacity of 40 MMtpy or 800,000 bpd, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy.
Consortium concludes MoU for study on SAF, bio-naphtha and renewable diesel from domestic forest residues
Japan Airlines Co., Ltd., Marubeni Corporation, Mitsubishi Chemical Corporation, Chugoku Lumber Co., Ltd., Boeing Japan KK and Obayashi Corporation have concluded a memorandum of understanding on a preliminary business feasibility study for the manufacture and sale of sustainable aviation fuel, bio-naphtha and renewable diesel from domestic forest residues.
Saudi Aramco looks to invest in Indian refineries
Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market
India's Reliance to stop buying Venezuelan oil over U.S. tariffs
India's Reliance Industries, operator of the world's biggest refining complex, will halt Venezuelan oil imports after the United States announced a 25% tariff on nations buying crude from the South American nation.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
