Asia Pacific downstream news

Clariant have announced the successful operation of its FAMAX formaldehyde catalysts at two world-scale production facilities operated by Yihua Group in China, at two formaldehyde plants.

Aramco and PETRONAS have announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Co. and Pengerang Petrochemical Co. to PETRONAS.

Eni has signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects for the purchase of LNG in Indonesia.

Aster has taken FID to proceed with the US$80 million project to expand ethylene export capacity at its ethylene cracker complex in Singapore.

ENEOS has announced that it has entered into Share Purchase Agreements with various subsidiaries of Chevron to acquire 100% of Chevron’s downstream fuels and lubricants marketing businesses in Southeast Asia and Australia.

ADNOC has announced the exchange of two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE-India energy partnership.

Aster and Puraglobe have signed an MOU to jointly explore the development of a re-refined base oil processing facility in Singapore – turning used motor oil into high-performance Group II/III/III+ base oils.

Asia is poised to dominate the global ethylene glycol capacity additions by 2030 due to surging domestic demand and sustained investment in petrochemical infrastructure, GlobalData has reported.

FlyORO and Aether Fuels have announced the signing of a non-binding MoU to jointly explore the potential development of SAF supply-chain, blending, and associated activities in support of Aether's Project Beacon and future Aether SAF projects.

Meghna PVC Ltd has taken a decisive step to reinforce long-term steel integrity by adopting a structured, data-driven approach to proactively maintain its assets through a partnership with Jotun.