TotalEnergies Eneos and PTT Global Chemical launch project in Thailand

MOSCOW (MRC) -- TotalEnergies ENEOS and PTT Global Chemical (GC) celebrated the official launching of a total capacity of 6.7 megawatt-peak (MWp) solar photovoltaic (PV) system for GC's 5 production facilities in Thailand, said the company.

GC is Thailand's largest integrated petrochemical and refining business and a leading corporation in the Asia-Pacific region, with a target to reduce greenhouse gas emissions for 20 percent by 2030 on its journey towards achieving Net Zero emissions by 2050.

As a global chemical company committed to creating a better quality of life for all, the installation of the solar rooftops further demonstrates GC Group's commitment to reduce their carbon footprint and fulfill their sustainability targets while saving power costs, without any business disruption. GC is collaborating with TotalEnergies ENEOS, known for their robust technical experience in deploying renewable energy solutions on highly technical and complex sites, to support them in their transition towards clean energy.

With over 11,000 of solar panels installed onto the rooftops of the company's 5 facilities, the 6.7 MWp PV systems generates approximately 9,500 megawatt-hours (MWh) of renewable energy annually, realising significant cost savings for GC and reducing the company's carbon footprint by about 4,300 tonnes of CO2 emissions annually, equivalent to planting more than 64,500 trees over the contract period.

Under the agreement, TotalEnergies ENEOS operates the installed PV solar system while GC promptly buys the electricity generated for 20 years, without taking any upfront investments. TotalEnergies ENEOS guarantees the best performance of the system so GC can enjoy the economic and environmental benefits of the solar rooftop system, without any operational concerns.

We remind, TotalEnergies has completed the building of 1 megawatt-peak (MWp) Rooftop Solar Photovoltaic (PV) System at two production sites of PREMO Vietnam Co. Ltd in Quang Nam Province, Vietnam. Headquartered in Spain, PREMO is a leading provider of electromagnetic motion tracking sensing solutions and designs. This PV system will power about 25% of the facilities with renewable energy.

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MOSCOW (MRC) - China's diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on Monday, as refiners take advantage of strong regional refining margins to ship fuel overseas, said Hydrocarbonprocessing.

Exports of diesel, the biggest fuel by share of refinery output, last month totaled 1.26 million metric tons, up 51.5% from last year's 830,000 tons, data from the General Administration of Customs showed. Total diesel exports for the first eight months of the year are up 197.2% versus the same period in 2022.

Domestic diesel demand has seen only muted growth amid deepening tumult in the property sector and contracting exports, pushing refiners to shift their output overseas. Gasoline exports were up 23.7% to 1.38 million tons from 1.12 million tons in August last year.

Domestic demand for gasoline was anticipated to be high through August because of a pick-up in road traffic over the summer travel period, the first since 2019 not to be disrupted by COVID-19 containment measures.

Jet fuel exports were 1.55 million tons, up 98.1% from 780,000 tons a year earlier. Domestic flight capacity by available seats was up by about 17% from pre-pandemic levels in August 2019, while capacity on international flights in and out of China remained at around 49% of pre-pandemic levels, according to data from aviation analytics firm OAG.

Sales of jet fuel for outbound international flights are included in this export figure. China's surging fuel exports have coincided with monthly refinery throughput rising to a record 15.23 million bpd in August.

Total fuel exports, including marine bunker fuel, in August were up 23.3% from last year at 5.89 million tons, customs data showed earlier this month.

We remind, Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance. The company has said it planned maintenance in July without providing a timeframe. Sakhalin Energy's Sakhalin-2 operating company was transformed into a Russian entity via a presidential decree amid Western sanctions against Moscow over its actions in Ukraine.

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MOSCOW (MRC) -- Topsoe, a global leader in developing solutions for a decarbonized world, has been selected by PT KPI as a technology licensor to provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia, said Hydrocarbonprocessing.

Once complete, the grassroot unit will use Topsoe’s technology to convert bio-feedstock into SAF and renewable diesel, with plans to produce 6,000 bpsd.

This milestone marks Topsoe’s 50th HydroFlex reference globally. Alok Verma, Managing Director, Asia Pacific, Topsoe, said: “We are pleased to continue our close collaboration with Pertamina marking our 5th technology reference with the Group. This award at the Cilacap refinery is a key milestone for the supply of renewable fuels to the Asia market. It’s a tremendous pleasure working with Pertamina on these very successful projects taking the region towards carbon neutrality.”

We remind, Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance. The company has said it planned maintenance in July without providing a timeframe. Sakhalin Energy's Sakhalin-2 operating company was transformed into a Russian entity via a presidential decree amid Western sanctions against Moscow over its actions in Ukraine.

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MOSCOW (MRC) -- Russia's United Oil- and Gas-Chemical Co. and China's Xuan Yuan Industrial Development have agreed to jointly invest USD686 MM in construction of a transshipment oil complex in Russia's far east, said Hydrocarbonprocessing.

The complex will facilitate Russia's oil exports to China as Moscow expands its infrastructure to diversify exports of commodities eastward and away from Europe, which it now deems politically "unfriendly".

The deal to finance the project was signed last week in the far-eastern Russian city of Vladivostok at an economic forum organized by Roscongress. It said the funds will be raised at Russian and Chinese financial institutions.

The transborder complex will be set up in Russia's Jewish Autonomous Region near a railway bridge across the Amur River linking the Russian town of Nizhneleninskoye to China's Tongjiang. Roscongress said there will be five large infrastructure units, including a terminal with a capacity to store, blend and load up to 5.8 million metric tons per year of crude oil and oil and gas condensate mixtures.

The plans also foresee construction of a depot with vertical and horizontal tanks for receiving, storing and dispensing up to 1 million tons a year of petroleum products and fuel oil. There will also be a gas-filling complex for transshipment of liquefied petroleum gas, which would be able to handle up to 650,000 tons of product annually.

We remind, Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance. The company has said it planned maintenance in July without providing a timeframe. Sakhalin Energy's Sakhalin-2 operating company was transformed into a Russian entity via a presidential decree amid Western sanctions against Moscow over its actions in Ukraine.

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MOSCOW (MRC) -- PETRONAS Lubricants International (PLI) has signed a jount study agreement (JSA) with PT Kilang Pertamina Internasional (PT KPI) to explore the possibility of a developing a new greenfield lube base oil plant in Refinery Unit IV Cilacap, Central Java, said the company.

In a statement, PETRONAS said the two companies will carry out a technical and detailed feasibility study, which is expected to cater to the demand of the Indonesian market as well as growing regional markets including China and Southeast Asia.

The investment decision is expected to be concluded by 2025. "This JSA is part of our larger strategic efforts to complement and grow our existing portfolio of high-grade lube base oils.

"Through this collaboration, we will be leveraging each other’s strengths, capabilities and existing network distributions, reaching out to our customers better and faster,” said PETRONAS Lubricants International managing director and group CEO Hezlinn Idris.

According to the statement, the refinery is capable of processing raw materials from existing RU IV Cilacap, producing up to 800 tonnes a day of high-grade lube base oils as well as other supplementary products such as diesel fuel, naphtha and LPG.

We remind, Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024. About 60-70% of its production is natural gas and will remain so going forward.

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