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Asia/Pacific

Japan's Idemitsu, Mitsui Chemicals may consolidate ethylene plants in Chiba

Japanese oil refiner Idemitsu Kosan and Mitsui Chemicals plan to consolidate their ethylene complexes in Chiba near Tokyo as the industry is under pressure from competition with China.

Nozomi Networks extends partnership with Yokogawa to deliver OT and IoT security services worldwide

Nozomi Networks Inc. announced it has extended its partnership with Yokogawa Electric Corporation, to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers.

Dow introduces new polyolefin elastomer-based leather alternative for the automotive market

Dow has formulated a breakthrough option of polyolefin elastomers based artificial leather - a solution to address the automotive industry’s need to shift towards increasingly animal-free product alternatives to leather.

Vietnam's largest refinery to boost operating capacity by 15%-20%

Vietnam's largest refinery Nghi Son said it will boost its operating capacity by 15% to 20% in order to ensure stable supplies.

Sinopec, Total to build 230,000 ton SAF plant

The companies will jointly build and operate a SAF unit at one of Sinopec's refineries in China, with an annual production capacity of 230,000 mtpy.

Cathay Pacific elevates decarbonizing aviation with new SAF target

Cathay has further demonstrated its unwavering dedication to decarbonizing the aviation industry, setting a new target to improve its carbon intensity by 12% from the 2019 level by 2030 using SAF. ​

JERA, ExxonMobil to explore development of hydrogen and ammonia production project in U.S.

JERA, Japan's top power generator, said it has agreed with ExxonMobil to jointly explore the development of a U.S.-based low-carbon hydrogen and ammonia production project.

PetroChina's 2023 net income up 8.3% on strong fuel, gas sales

PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.

thyssenkrupp nucera to supply electrolyzers for ABEL Energy’s Bell green methanol project

ABEL Energy announced thyssenkrupp nucera as the preferred supplier of the 260MW of electrolyzers required for their flagship green methanol project in Bell Bay, Tasmania, Australia.

SAF costs must be lower, ExxonMobil VP says

Costs are the main obstacle to increasing the use of SAF said ExxonMobil Senior Vice President Jack Williams.