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Asia/Pacific

PTTGC wants to turn Map Ta Phut (Thailand) into petrochemicals hub

The company aims to build growth opportunity for Map Ta Phut to position it as a Southeast Asian hub.

PTT Global Chemical redefining maintenance with remote piping inspection robots

PTTGC is refining the concept from Hackathon to innovate and enhance the efficiency of the Remoted Piping Inspection Robot system in factories, addressing issues and reducing costs.

Ukraine continues drone attacks on Russian oil refineries, infrastructure

Ukraine has been systematically targeting Russian energy infrastructure to try to disrupt Russia's economy and its ability to fund its military effort. Ukrainian officials say attacks have been carried out in retaliation for Russian strikes on the Ukrainian energy system.

Grace licenses UNIPOL polypropylene technology to Bharat Petroleum Corp. Ltd.

W. R. Grace announced that Bharat Petroleum Corporation Limited (BPCL), the second largest Indian oil marketing company, has expanded its licenses for Grace’s UNIPOL® polypropylene (PP) process technology.

CH4 Global, CirPro Australia process first cattle to be fed Methane Tamer™ at commercial scale

CH4 Global Inc. and CirPro Australia have announced that the first group of cattle to have been fed commercial quantities of CH4 Global's methane-reducing feed additive, Methane Tamer™, have been processed.

Vast and Mabanaft advance Port Augusta green methanol project in Australia

Vast Renewables Ltd., a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant.  

Singapore offers carbon tax rebates for refiners near term

Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.

Thailand BOI approves $1.5-B investment in biochemicals, data centers, power plants, hospital

The Thailand Board of Investment (BOI) has approved the investment promotion applications of eight large projects worth a combined 56.95 B baht ($1.54 B), including a bio-ethylene plant project by the local joint venture of Brazil’s Braskem, as well as data centers, power plants, and a major new hospital.

China continues to lift crude oil stockpiling amid weak refinery runs

The world's biggest crude importer has had a soft start to the year. China added more than 1 MMbpd of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes.

Russia's June idle oil refining capacity raised by 114%

Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants.