Asia Pacific downstream news

Clariant completes its CHF 100 million investment in the Daya Bay facility, China, with the second production line fully operational in November 2025.

The US EIA estimates crude oil inventories in China increased by about 900 000 bpd between January and August 2025, essentially acting as a source of demand by removing barrels from the global markets.

BASF has reached two significant milestones at its Zhanjiang Verbund site, China: the start-up of the butyl acrylate (BA) plant and the mechanical completion of the steam cracker and all integrated petrochemical plants.

Taiyo Oil Co., Ltd and Mitsui Chemicals, Inc. have announced that they have started a collaborative study to expand the supply of chemically recycled products.

Quantem has officially opened its expanded Pelican Point Terminal in Adelaide, Australia, following a AUS$52 million project to add 90 000 m3 of new diesel storage capacity at the site.

PETRONAS has delivered SAF to KL International Airport (KLIA) for the MAG, establishing PETRONAS’ in-house capability and readiness to provide SAF supply in Malaysia.

Woodside and Petronas have finalised a fully termed sale and purchase agreement (SPA) for the supply of 1 million tpy of LNG to Malaysia from 2028 for a period of 15 years.

LNJ GreenPET have announced the signing of an MoU with Sumitomo Corp. to establish collaboration in the growing recycled polyethylene terephthalate (r-PET) sector in India.

TotalEnergies has signed a heads of agreement for the annual delivery in South Korea of 1 million tpy of LNG over a 10-year period.

Aramco, Sinopec, and FPCL have announced the establishment of a new joint venture, Fujian Sinopec Aramco Refining and Petrochemical Co., Ltd, to develop an integrated refining and petrochemical complex in China.