Asia Pacific downstream news

Following a slowdown in 2025, growth in global demand for natural gas is expected to rise in 2026, according to the IEA’s 2Q25 Gas Market Report.

BASF and AltaGas have signed a long-term commercial agreement for the supply of butane via AltaGas and Royal Vopak's Ridley Island Energy Export Facility (REEF) commencing in 2027.

Licella has announced strategic funding from Diamond Edge Ventures (DEV), the corporate venture capital arm of Mitsubishi Chemical Group (MCG), a Japanese chemical company, under a Business and Capital Alliance Agreement.

PyroGenesis Inc. has announced that its subsidiary, Pyro Green-Gas Inc., has completed the US$9.3 million coke-oven gas valorisation and hydrogen production project for Tata Steel, India.

Neste and DHL Express have strengthened their collaboration with the supply of neat, unblended, SAF to DHL Express at Singapore Changi Airport starting July 2025.

INEOS Styrolution, a provider of styrenics, has commercialised its 100% bio-attributed polystyrene, Styrolution® PS 158K BC100.

Baker Hughes and PETRONAS have announced that they have entered into an MoU on a strategic partnership to explore business initiatives to support the delivery of Asia’s energy transition.

VRC Group has secured BPCL Bina-1 tender for construction works to the Bina Refinery, Sagar District, India.

Singapore-based petrochemicals, green energy, and natural resources conglomerate, ChemOne Group, has announced a significant milestone in the financing of the Pengerang Energy Complex (PEC) in Malaysia.

IHI Corp. and Royal Vopak have signed a joint development agreement for the proposed establishment of a joint venture for the development and operation of an ammonia terminal in Japan.