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China s Mega-Refineries Throttling Other Asia Oil Processors-545135

China’s Mega-Refineries Throttling Other Asia Oil Processors Sun Online Desk SK Innovation’s oil refinery facilities in Ulsan, South Korea. Photographer: SeongJoon Cho/Bloomberg The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region. A frenzy of refinery building in China is set to make the nation the world’s largest crude processor this year. At the same time, a drive to de-carbonize Asia’s biggest economy means demand for fuels like diesel and gasoline will decline, potentially leading to more exports from the new facilities.

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future. The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.” Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels. India’s Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said, confirming that the complex was still to attain pre-pandemic levels. For the first 10 months of the current fiscal year combined runs stood at 89.5%, compared with 101% in the April-January period the previous fiscal year, mainly a

Exxon Mobil to cut jobs in Singapore as Big Oil retrenches

Singapore must tackle climate change while balancing trade-offs in manpower, land and alternative energy: SM Teo

SINGAPORE - Climate change poses an existential challenge for Singapore, but the country s unique constraints mean the trade-offs it faces in cutting its emissions are much starker than what most other nations face, Senior Minister Teo Chee Hean said on Thursday (March 4). Singapore has limited alternative energy sources, land and manpower, he pointed out. Our carbon emissions set real cross-cutting constraints on our development and the daily lives of Singaporeans, he told Parliament during a debate on the Government s sustainability plans. But the country is attempting to break out of these constraints through careful, long-term planning and innovations in policy and technology, said Mr Teo, who is also coordinating minister for national security.

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