Petroleum industry
The Idemitsu Kosan Co. and Mitsubishi Corp. alliance is taking a significant step towards slashing distribution costs in the liquefied petroleum gas (LPG) market by forming a partnership with Mitsui & Co. to consolidate their import terminals. This move comes amidst sluggish sales of LPG, which has become relatively expensive
Petroleum industry
Vinachem, the Vietnam National Chemical Corporation, has taken a significant step forward in its expansion plans by signing a contract with Chinese partner Huanqiu Contracting and Engineering Corp to build a coal-powered fertilizer plant in the northern province of Ninh Binh. The $421 million project, scheduled to open in 2009,
Petroleum industry
The Finance Ministry in Indonesia has announced the liberalization of duties on imported goods for upstream oil and gas businesses in a bid to attract more investments in the sector. The move aims to boost the country's upstream oil and gas industry by making it more attractive to
Petroleum industry
Allied Energy Group, Inc. has announced that it has been featured on the "Winner's Circle" hosted by NFL Hall of Fame member Terry Bradshaw. As part of the interview, the company's President, Cole Halliburton, will discuss the company's present operations and goals
Petroleum industry
China has announced a significant adjustment to its import and export tariffs, effective November 1, as per information from the Ministry of Finance. The move aims to curb the export of resource- and energy-intensive products, while encouraging imports of raw materials and technology-facilitating products. The adjustment is part of China&
Petroleum industry
Renewable fuel company Axiom Energy has taken a major step forward in its growth strategy by launching a $36 million initial public offering (IPO) and entering into a trailblazing biodiesel fuel arrangement with trucking giant Linfox. This move marks a significant milestone for Axiom Energy, which aims to tap into
Petroleum industry
Despite its great potential, China's biofuel industry is grappling with significant challenges. Entrepreneur Sun Jianghong's attempt to open a factory producing ethanol fuel from corn stalks is a reflection of the industry's early stages in China. While studying the feasibility of using corn stalks
Petroleum industry
Sterling Biofuels, an alternative fuels group, is set to list on the Australian Stock Exchange (ASX) after its $A35 million initial public offer closed over-subscribed. The company will use the funds raised to commence construction of a 100,000 tonnes per year biodiesel plant in Malaysia, which is scheduled to
Petroleum industry
The Yangpu Economic Development Zone in south China's Hainan Province is poised for significant growth, with a revised plan aiming to expand the area from 31 square kilometers to 69.4 square kilometers by 2020. The development zone will focus on industries such as paper making, petrochemicals, and
Petroleum industry
Adelaide's northern suburbs may soon be home to the country's first recycling plant that transforms used car and truck tyres into diesel fuel, an innovation that could address the growing environmental problem of waste tyres and reduce greenhouse gas emissions. Local businessman John MacVicar is pushing
Petroleum industry
Bangchak Petroleum, a Thai major oil trader, has taken a significant step towards promoting sustainable waste management and reducing the country's reliance on fossil fuels. The company has launched a project to collect used vegetable oil from consumers and convert it into biodiesel. This initiative is in line
Petroleum industry
Coal seam gas explorer Sydney Gas Ltd has increased production and exploration efforts following the appointment of new CEO Philip Moore. The company's Camden project in New South Wales has seen development with 92 wells drilled, 62 of which are currently producing, with plans to drill an additional
