Asia Pacific downstream news

Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialised bunker barges to Singapore in 2024.

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, the global biopolymer producer, has announced the opening of its representative office in Tokyo, Japan.

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).

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.