Asia/Pacific
India must boost its petchem output to counter China's dominance, Reliance says
India must increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector.
Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production
Indian Oil Corp plans to shut the diesel desulfurizer unit at its 300,000-bpd Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said.
Nayara to use Univation Technologies' PE process for world-scale plant in India
Univation Technologies, LLC announced that Nayara Energy Ltd. has selected Univation's UNIPOL™ PE Process Technology for a world-scale production line in Vadinar, Gujarat, India.
Envision commissions fully AI-enabled, off-grid renewable power green ammonia facility
Envision has officially commissioned the world's largest and most advanced green hydrogen and ammonia production facility.
Jet fuel demand falters as Chinese curb overseas trips, U.S. policies weigh
The recovery in global jet fuel demand is set to slow and stall below pre-pandemic levels this year and next as the Chinese travel abroad less, stringent U.S. immigration policies deter some tourists and aircraft fleets become more fuel-efficient.
Saudi Arabia, Indonesia sign several deals worth around $27 B
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.
Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia
Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.
Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East
The front-month diesel East-West price spread hit its widest in 1.5 yr of slightly more than $73 per tonne (t) at Asia market close, LSEG data showed on Monday, underscoring supply concerns in the West and steady Asian fundamentals.
Bangkok Airways introduces SAF on commercial flights
The airline has officially announced the adoption of sustainable aviation fuel (SAF) on its commercial flights, reinforcing Thailand’s green aviation industry and laying a crucial foundation for environmentally balanced aviation development in the future.
China's Shandong raises fuel oil import tax rebates for some refineries
The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand.
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
- Dow to close three European chemical plants, cut 800 jobs 7/10
- Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production 7/10
- Nayara to use Univation Technologies' PE process for world-scale plant in India 7/10
