Asia/Pacific
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.
N2O removal system for ammonia-fueled ships selected to receive developmental support from Japan’s Green Innovation Fund
Hitachi Zosen Corporation and Nippon Yusen Kabushiki Kaisha announced that their jointly proposed "Development of N2O Reactor for an Ammonia-Fueled Ship" has been selected by the Japan’s New Energy and Industrial Technology Development Organization as a “Next-Generation Ship Development”.
Oil prices nearly flat as market weighs Chinese demand, North America supply increase
Oil prices were little changed as markets weighed new economic data from China against increasing supply from the Western Hemisphere.
- Jet fuel demand growth lags as air traffic exceeds pre-pandemic level 4/19
- Jet2.com to use SAF at London Stansted Airport 4/19
- Neste and New Jersey Natural Gas target reducing greenhouse gas emissions with Neste MY Renewable Diesel 4/19
- Cepsa and Evos join up for green methanol storage in Spain and the Netherlands 4/19
- Russia's Bashneft oil company installs anti-drone nets to protect refineries 4/19
- Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion 4/19
