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Despite some turbulence, global oil demand is on the route to recovery

Despite some turbulence, global oil demand is on the route to recovery
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

Japan and Netherlands accelerate their transitions to circular economies

Japan and Netherlands accelerate their transitions to circular economies Partnership between public and private sectors is absolutely necessary, says Japan (Image: Adobe/TSUNG-LIN WU) Creating a truly circular economy will take transforming existing systems. Two leaders share the roles their governments are playing to trigger change at the opening session of today’s Japan Circular Economy Roundtable, hosted by the World Economic Forum. Shaping new systems Governments can help shape new behaviours. Such work is important, said Shinjirō Koizumi, Japan’s Minister of the Environment, as the country prioritises decarbonisation, and moves toward a world that is more circular and decentralised.

REFINERY NEWS ROUNDUP: China s Zhejiang to raise capacity by 2025; Japan s runs down on earthquake

REFINERY NEWS ROUNDUP: China’s Zhejiang to raise capacity by 2025; Japan’s runs down on earthquake China’s Zhejiang province in the eastern coast aims to have 90 million mt/year refining capacity by 2025 from 51 million mt/year in 2019, suggesting that Zhejiang Petroleum & Chemical’s phase 3 project is unlikely to launch within the 14th Five Year Plan 2021-25, market sources and analysts told S&P Global Platts. The province’s energy regulator Zhejiang Development and Reform Commission published a draft plan for public comment, which include plans to expand refining capacity, speed up construction of oil pipelines and additional storage capacity for energy security, as well as significantly boost fuel bunkering volume at its pilot free trade zone.

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