Asia Pacific downstream news

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).

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.

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.

According to GlobalData, Australia plans to accelerate its adoption of EVs, support renewable refineries for the growth of biofuels, increase its CCS projects, and develop low-carbon hydrogen markets across all industries.

The processing of gas from the offshore Pluto fields has commenced ahead of schedule at the North West Shelf Project’s Karratha Gas Plant.

The companies have signed an agreement to discuss capacity rights for Viva Energy’s proposed LNG regasification terminal in Victoria, Australia.

The Wei 11 gas storage facility built by China Petroleum & Chemical Corp. in its Zhongyuan Oilfield region has successfully completed its first gas injection.

Sinopec has received the first carbon-neutral petroleum certificate issued by Shanghai Environment and Energy Exchange (SEEE).

Woodside has joined five parties to establish the HyStation company, which aims to construct and operate hydrogen refuelling stations to service public transport bus fleets in South Korea.

According to GlobalData, India is expected to contribute about 30% of the total refinery hydrotreater capacity additions in Asia between 2021 to 2025, the second highest in the region after China.