Asia/Pacific
Indorama Ventures adapts business strategy amid global chemical industry structural changes
Indorama Ventures Public Company Limited, a global sustainable chemical producer, unveiled a significant evolution in its business strategy and outlined how major structural shifts are re-shaping the chemical industry, creating opportunities for the company to emerge stronger from the current downturn and benefit from its unique global model in the longer term.
MAN Energy Solutions to offer ammonia-fueled ship engines after 2027
MAN Energy Solutions plans to deliver later this year its first-ever engine fueled by ammonia for installation on a new vessel in Japan and will be ready to offer ammonia-powered engines to its clients after 2027.
IHI and ACME signed pact to supply green ammonia from India to Japan
ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, signed an offtake term sheet for supply of green ammonia from Odisha, India to Japan.
Singapore's middle distillates inventories cross 10 MMbbl
Singapore's middle distillates inventories surged more than 1MMbbl week on week to more than a three-month high level despite gains in net exports for both jet fuel, kerosene, diesel and gasoil.
Idemitsu joins JV for clean ammonia production project in Lake Charles, Louisiana (U.S.)
Idemitsu Kosan has agreed with Mitsubishi Corporation and Proman to participate in the development of the proposed clean ammonia production project in Lake Charles, Louisiana, (U.S.).
Borouge expands global presence with new offices in Kenya and South Korea
Borouge announced that it has established offices in Kenya and South Korea as part of its strategic initiative to expand its market share in high-growth geographies.
China's aviation fuel demand expected to rise 13% in 2024
China's aviation fuel consumption is likely to expand 13.1% this year on a surge in passenger travel, but its crude oil imports may stay flat, according to forecasts by a research arm of state energy giant China National Petroleum Corp.
Indonesia sees 2024 biodiesel consumption rising to 11 MMt
Indonesia's unblended biodiesel consumption in 2024 is seen rising to 11 - 11.4 MMt from 10.7 MMt last year, leading to a possible fall in palm oil exports.
Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries
Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.
MMA production via ACH Process and acrylonitrile-related production discontinued at Hiroshima, Japan plant, withdrawal from certain businesses to follow
The Mitsubishi Chemical Group hereby announces that it has decided to discontinue MMA monomer production by the ACH process as well as the production of acrylonitrile and acrylonitrile derivatives at the Mitsubishi Chemical Hiroshima Plant.
- China's March jet fuel exports jump 77.4% from a year earlier 4/18
- Nigeria strikes deal with Shell to supply $3.8-B methanol project 4/18
- Singapore fuel oil stockpiles rebound to 8-week high on higher imports 4/18
- Clariant launches new CATOFIN 312 propane dehydrogenation catalyst 4/18
- Solvay inaugurates new blowing agent production unit in Rosignano, Italy 4/18
- Meridian Energy Group’s Davis Refinery Project in North Dakota (U.S.) will be the world’s first net-zero carbon refinery 4/17
