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Asia/Pacific

Sanctioned tanker NS Century reaches China port to discharge Russian oil

The oil tanker NS Century, which is under sanction by the U.S., arrived at the Chinese port of Qingdao late to discharge its cargo of Russian crude oil, LSEG shipping data showed.

Vietnam's Dung Quat refinery: will keep selling products during maintenance period

Vietnam's Binh Son Refining and Petrochemical will continue selling refined petroleum products from its Dung Quat refinery during a 50-day maintenance period at the facility.

LyondellBasell sees strong chemical market in North America, while Europe and China lag

LyondellBasell said it was seeing a better market in North America for its chemicals so far into 2024 due to low ethane feedstock costs and better gasoline spreads, while the markets in Europe and China continue to be weaker.

South Korean authorities probe origins of naphtha imports

South Korean authorities are investigating imports of naphtha, a petrochemical feedstock, looking into whether supply from Russia was being mislabeled as fuel from elsewhere, multiple sources familiar with the matter said.

LyondellBasell's Spheripol and Hostalen ACP technologies at Inner Mongolia Rongxin Co., Ltd. complex in China

LyondellBasell, the world’s largest licensor of polyolefin technologies, announced that Inner Mongolia Rongxin Co., Ltd., will use the LyondellBasell Spheripol and Hostalen Advanced Cascade Process technologies for its new facility.

JERA to conduct trial of co-firing ammonia at coal power plant from March to June

Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.

Idemitsu, Qantas and Airbus back Australia biofuel refiner with $19.2 MM

Biofuel refiner Jet Zero Australia said it had received new funding commitments of $19.2 MM from Idemitsu, Qantas and Airbus for its flagship SAF project.

Refined fuels and oil prices: long positions decline as distillate sales stall price rally

Benchmark oil prices plateau as investors finish repurchasing bearish short positions, impacting refined fuels and U.S. natural gas with declining sales and a short covering rally, respectively.

Nissan starts trial of stationary power generation system fueled by bio-ethanol

Nissan Motor Co. Ltd. announced that it has developed a stationary, bio-ethanol-fueled system capable of high-efficiency power generation.

Jet Zero Australia and Apeiron Bioenergy secure Go-Green Grant funding for SAF partnership in Australia and Singapore

Apeiron AgroCommodities Pte Ltd, one of the largest used cooking oil collectors in Asia, and Jet Zero Australia Pty Ltd, an Australian bioenergy company backed by Airbus and Qantas, have partnered on a SAF project under a proposed 50:50 joint venture.