Asia Pacific downstream news
Falling petroleum consumption prompts Japanese refinery closures
Japanese refiner, ENEOS, permanently closed a 120 000 bpd refinery in western Japan in mid-October, and Idemitsu Kosan plans to close a 120 000 bpd refinery in March 2024.
Royal Australian Air Force’s aerobatic display team flies on SAF
During the Williamtown Air Show in Australia, the Roulettes, the Royal Australian Air Force's aerobatic display team, performed a first public display using Neste MY Sustainable Aviation Fuel™.
TES and Tokyo Gas forge new partnership
Tree Energy Solutions (TES) has signed an agreement with Tokyo Gas to explore and develop e-NG supply chains as part of efforts to encourage the transition to green energy.
Vitol targets Asia biofuel growth
Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialised bunker barges to Singapore in 2024.
Evergreen and CIP sign Memorandum of Understanding
Evergreen Marine Corp. and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum of Understanding (MoU) to explore production and usage of carbon-neutral e-fuels.
Braskem continues investing in the development of biopolymers in Asia
Braskem, the global biopolymer producer, has announced the opening of its representative office in Tokyo, Japan.
BP ships first cargo from Tangguh LNG facility
The first cargo of LNG produced by the new third liquefaction train at the Tangguh LNG facility has been safely loaded and sailed to be delivered to Indonesia’s state-owned power generator, PT PLN (Persero).
New Islamic finance offering for Pengerang Energy Complex
ChemOne Group has established an Islamic tranche in the overall scheme of an Export Credit Agency (ECA) backed project financing for the Pengerang Energy Complex (PEC).
EIA: refiners in China increase crude oil processing and imports in 1H23
The EIA has reported that refiners in China processed and imported record volumes of crude oil in 1H23, sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the US.
Upgrade and improvement works at PT Pertamina's Balikpapan refinery
These works are part of the Refinery Development Master Plans (RDMP) launched by PT Pertamina to revitalise the Cilacap, Balongan, Dumai, and Balikpapan refineries to improve their production capacity and competitiveness.