Singapore issues three methanol bunkering licences

Market: Biofuels, Petrochemicals
24/11/25

Singapore's Maritime and Port Authority (MPA) has issued a first batch of methanol bunkering licences to three bunkering suppliers, the authority announced today.

Singapore-based Golden Island and Global Energy, as well as Chinese state-controlled PetroChina International were awarded the licences, following an application process involving 13 prospective licensees that began in March. MPA held meetings with the three bunker suppliers last week to inform them of the upcoming result.

The licences will be valid for a five-year period over 1 January 2026-31 December 2030.

Singapore has already conducted three green methanol bunkering operations. Singaporean shipowner Hong Lam bunkered 300t of biomethanol to fellow shipowner Maersk's first methanol dual-fuel vessel Laura Maersk in July 2023. Global Energy carried out two separate biomethanol bunkering operations for Singaporean container shipping group X-Press Feeders and Swiss methanol producer Proman in 2024.

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12/06/26

US PET collection falls, rPET demand weakens: NAPCOR

Houston, 12 June (Argus) — US polyethylene terephthalate (PET) bottle collection rates fell in 2024 while demand for recycled material weakened, despite gains in recovery and processing capacity, according to the National Association for PET Container Resources (NAPCOR). The US PET bottle collection rate declined to 30.2pc in 2024 after falling from 32.5pc a year earlier, even as the total volume of bottles available for recycling rose by 3.5pc to about 6mn lb, NAPCOR said in its 2024 PET Recycling Report . At the same time, total consumption of recycled PET (rPET) across US and Canadian end markets dropped, highlighting weaker demand for recycled material. The data show a growing imbalance in the PET recycling market, where supply and recovery are improving but end-market demand is failing to keep pace. Supply expands as rPET demand falters On the supply side, PET availability continued to expand. Imports of virgin and recycled PET for bottle applications increased by 8pc in 2024, while US reclaimers processed 1.97bn lb of material, up by 1.5pc from the previous year. Thermoform recovery recorded the most significant growth. Total recovered PET thermoforms in the US and Canada jumped by 52pc to 264mn lb, driven largely by improved identification of thermoform material in bottle bales and advances in sorting and reclamation technologies. But these gains were not matched by stronger demand for recycled content. Post-consumer recycled (PCR) content use in PET thermoforms fell sharply, dropping to around 12pc from 18pc a year earlier. The decline reflects shifting end-market dynamics and economic pressures. Growth in food and foodservice packaging, which typically uses lower levels of recycled content, diluted overall PCR rates even as the mix of virgin and recycled inputs remained largely unchanged, NAPCOR said. High prices curb recycled PET demand Pricing dynamics played a central role. The premium for rPET over virgin PET widened significantly, reaching as much as 38pc on the US east coast, compared with around 11pc at the start of 2024. "There was an increasing premium for recycled PET over the course of 2024… At its highest point, there was a 38pc premium for east coast rPET pellet over virgin," NAPCOR said in an emailed response to Argus. "This means the cost pressure for recycled-content usage ramped up through most of the year, which certainly would have impacted some converters' decisions." Higher domestic rPET prices also encouraged substitution toward lower-cost alternatives. Imports of rPET rose to a record 395mn lb, accounting for 23pc of total consumption, while some manufacturers shifted back to virgin resin. Although thermoform recovery increased sharply, most of this material continues to be processed alongside bottles rather than recycled back into thermoform packaging. The largest end market for recycled PET remains food and beverage bottles, limiting closed-loop systems for thermoforms. Technical barriers are no longer the primary constraint; economics remains the key challenge. "Meeting food-contact requirements is not difficult if the right technology and machinery are used… The biggest barrier to thermoform-to-thermoform recycling for food-contact applications may be cost," NAPCOR said. Looking ahead, NAPCOR pointed to policy as a potential driver of stronger demand. While several US states have introduced recycled content mandates, most do not apply to non-bottle rigid packaging such as thermoforms. New Jersey remains an exception, with a 10pc recycled content requirement for non-food rigid plastic packaging that will expand to include food-contact applications in 2027. "Because brands and converters can back away from voluntary commitments… mandates or eco-modulation incentives through EPR programs would be promising avenues to boost PCR usage in thermoforms," NAPCOR said. Absent stronger policy support or more favorable pricing dynamics, continued gains in PET recovery may not translate into higher recycled content use, reinforcing structural imbalances across the recycling value chain. By Dona Davis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Feedstock boom to drive Argentina petchems

11/06/26

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11/06/26

Feedstock boom to drive Argentina petchems

Sao Paulo, 11 June (Argus) — Argentina's petrochemical industry has entered a new investment cycle, supported by abundant feedstock from the Vaca Muerta formation and a renewed push to add value domestically rather than export raw molecules, company executives said. The executives, who gathered in Buenos Aires on 9 June for an event marking the 50th anniversary of the Argentinian Petrochemicals Institute (IPA), described a sector with access to a far larger resource base than in the 1990s, when much of Argentina's current production platform was built. The group included chief executives from leading companies such as Mega, Profertil, Petroquimica Cuyo, Unipar and Dow. The key difference today from the 1990s is scale, they said. The Vaca Muerta shale formation offers abundant natural gas and associated natural gas liquids (NGLs) capable of underpinning multiple industrial projects across the value chain. As feedstock access is no longer the main constraint, Argentina now has sufficient ethane, propane, butane and natural gas to sustain long-term growth. But the timing of new projects will depend on global market conditions, financing costs and the ability to provide stable rules for long-term investments. Executives highlighted global imbalances as a major constraint for ethylene and its derivatives. The global industry is operating in a downcycle, with utilization rates below profitability thresholds and persistent oversupply in polyethylene (PE) and polypropylene (PP), partly driven by rapid capacity additions in China. At the same time, geopolitical tensions have introduced volatility in logistics and trade flows. Any sustained disruption or capacity rationalization could help rebalance markets and bring forward investment decisions in Argentina. Midstream and petrochemical company Mega's expansion, in the Bahia Blanca port, emerged as the most advanced downstream project. The company has commissioned a new fractionation train after investing around $260mn, increasing liquids processing capacity and enabling higher output of NGLs, critical feedstocks for petrochemical chains. A second phase, submitted under Argentina's incentive regime for large investments (Rigi), would expand transport and pumping capacity between Bahia Blanca and Neuquen, raising the total investment to about $360mn. The project is seen as key to unlocking greater availability of ethane and LPG for ethylene, PE and PP production. Executives stressed that ethane industrialization is strategically necessary but commercially challenging in the short term. Rising LNG developments will generate large volumes of ethane that must be extracted from natural gas streams. Without sufficient downstream capacity, Argentina risks exporting or burning this feedstock instead of converting it into higher-value petrochemicals. But weak margins and limited demand growth continue to delay large-scale ethylene and PE projects. Argentinian PP producer Petrocuyo reinforced the case for capturing more value through domestic PP production. The company argued that Argentina should prioritize converting propane into polymers rather than exporting raw molecules. But it warned that Chinese overcapacity continues to pressure PP markets and that high local financing costs remain a major barrier compared with lower-cost international competitors. Brazilian chlor-alkali producer Unipar Carbocloro, which also operates in Argentina, outlined a more defensive investment approach, focused on competitiveness rather than volume growth. The company is evaluating a modernization project in Bahia Blanca that would reduce electricity consumption by around 30pc, cut water use and lower carbon intensity. Nitrogen fertilizer producer Profertil pointed to comparatively stronger fundamentals in fertilizers, although executives acknowledged that nitrogen projects currently face fewer structural headwinds than olefins and polyolefins. The panel closed with broad consensus: Argentina has the resources and industrial base to support a new petrochemical wave. But converting feedstock into sustained growth in ethylene, PE and PP will depend on aligning infrastructure, financing, market timing and policy support. By Fred Fernandes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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LyondellBasell to shut remaining PP output at Brindisi

11/06/26

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11/06/26

LyondellBasell to shut remaining PP output at Brindisi

London, 11 June (Argus) — Petrochemical producer LyondellBasell said it plans to close its remaining polypropylene (PP) production at Brindisi, Italy, by the end of the year, but union sources say that is contingent on it not finding acceptable alternative solutions for the unit. LyondellBasell told Argus that a "challenging macroeconomic environment, persistent uncertainty around feedstock availability, and structurally higher operating and logistics costs have diminished the site's competitiveness and made it increasingly difficult to sustain a viable long-term position". The Brindisi PP unit has a nameplate capacity of 260,000 t/yr. It was the first Spheripol unit, opened in 1982, and mainly produces commodity PP homopolymer grades for packaging. Another PP unit at the site was closed by LyondellBasell in 2024 . The firm does not have upstream propylene production at Brindisi. Feedstock is shipped in by sea from other sites, mainly from Priolo in Italy, adding significant freight costs to its cost position. The site previously received up to 220,000 t/yr of propylene from Eni's Versalis Brindisi cracker before its closure in April last year . "Given Eni's decision on the cracker and the overall crisis in general, the company [LyondellBasell] told us it would be closing the unit at the end of December," said Carlo Perrucci, regional secretary of trade union Uiltec. Perrucci said LyondellBasell had put the PP unit up for sale at a symbolic price, but it would be difficult to find a buyer without the cracker. "Eni told us it has hired JPMorgan to try and find a buyer for its cracking plant," Perrucci said. "If they succeed, it might make LyondellBasell's search for a buyer easier." LyondellBasell said it remains committed to the European market and will continue to meet customer demand through its broader production network. The firm completed the sale of several European assets to a new regional petrochemical and polymer company, Velogy, on 1 May. By Stephen Jewkes and Sam Hashmi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Brazil waste oil mandate could raise biodiesel costs

11/06/26

News

11/06/26

Brazil waste oil mandate could raise biodiesel costs

Sao Paulo, 11 June (Argus) — The mandatory use of waste oils and fats (WOFs) in the production of biodiesel in Brazil is likely to raise product costs, considering the limited supply of these raw materials and competition from products with higher added value, such as sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO). In May, Brazil's mines and energy ministry MME published a decree mandating the use of 1pc WOFs in the production of biodiesel, SAF and HVO starting 1 January 2028. Until then, the use of these raw materials is voluntary. Per the decree, the minimum percentage of WOFs will be reviewed every three years, based on factors such as the available quantity of the raw material, advances in traceability mechanisms, the expansion of collection infrastructure and increased pretreatment capacity. In Brazil, the market for used cooking oil (UCO) — one of the main types of WOFs — remains unregulated and lacks consolidated official data. Estimates of collection levels in the coming years vary widely, with projections ranging from 500,000 metric tonnes (t)/y to 2mn t/y, according to market participants. In 2025, biodiesel production used approximately 100,000t of UCO. When soybean oil prices are high, WOFs serve as an important alternative feedstock for biodiesel production, especially for non-vertically integrated plants. In 2025, for example, the average price of UCO fob Sao Paulo, with 3.5pc acidity was R5,438($1.051)/t. The price of soybean oil cif Sao Paulo stood at R5,808/t during the same period, according to Argus indicators. The mandatory use of WOFs may alter this trend, with increased demand from the biodiesel, SAF and HVO industries driving up the price of UCO and, consequently, the final product. The use of WOFs in biodiesel production is also expected to impact the glycerin market, which, because some countries accept only the byproduct derived from virgin vegetable oils, will need to diversify its consumer base. The Brazilian biofuels industry considers the deadline for the mandatory adoption of 1pc OGRs in biodiesel production to be insufficient, given the necessary adaptations required at plants that currently operate exclusively with virgin vegetable oils. A major biodiesel producer that acquired existing WOF plants in the Brazilian market told Argus that it has been involved for over three years in projects to adapt these industrial units. It considers it unfeasible for small-scale plants to complete all the required adjustments in just over a year and a half. The MME stated that the measure takes into account the sector's varying technological realities. The gradual implementation is specifically intended to allow for industrial adaptation and the expansion of processing capacity for these raw materials. Traceability initiatives Brazil's UCO market is maturing but, to date, lacks consolidated traceability projects. According to the MME, the period of voluntary use of WOFs was structured to allow for the sector's gradual adaptation, the development of collection and processing chains and the advancement of traceability mechanisms. In this context, Brazil's animal recycling association Abra is working to create a specific national classification of economic activities (CNAE) for UCO. The organization is also developing an app designed to record information on the collection and movement of the raw material, with the aim of reducing traceability gaps and increasing transparency throughout the production chain. Meanwhile, Brazil's state-controlled oil company Petrobras recently announced an investment of R23mn in initiatives for the collection of animal by-products intended for the production of biofuel. The funds will be directed toward projects by non-profit organizations to improve the logistics and infrastructure of collection points, including the provision of equipment for filtering and temporary storage of the product. By Natalia Dalle Cort Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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India mulls extension of petchem import duty waiver

11/06/26

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11/06/26

India mulls extension of petchem import duty waiver

Mumbai, 11 June (Argus) — The Indian government may extend a waiver granted to petrochemical imports beyond its present deadline of 30 June if supply disruptions related to the Iran war persist, a senior government official said earlier this week. New Delhi is watching the developments in the Middle East closely and is open to extending the temporary relief beyond the current deadline, said deputy director of India's commerce department Ravi Teja at a press conference on 9 June. India waived off import duties on 40 petrochemical products from April, including polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) to negate the impact of additional costs to domestic industries. Some plastic converters have urged the government to extend the duty waiver until 30 September. Industry participants anticipate a final decision on the potential extension in the coming weeks. Indian PE importers have slowed purchases due to the uncertainty hanging over the deadline and are waiting for further guidance from the government. There was a similar slowdown to PVC import flows for most of the late second quarter, primarily because of higher domestic resin inventories and the beginning of the monsoon season. Low domestic supplies The cut in import duties, as well as improved resin supplies, led to a moderation in polymer prices compared with the initial days of the conflict. Argus assessed linear-low density polyethylene (LLDPE) prices at $1,250-1,330/t cfr India for the week to 5 June, compared with $1,430-1,500/t cfr India on 10 April. Low-density polyethylene (LDPE) prices were assessed at $1,500-1,600/t cfr India for the week ended on 5 June, down from $1,700-1,800/t cfr India on 10 April. Suspension PVC (s-PVC) prices were assessed at $800-850/t cfr India on 5 June, down from $950-1,020/t cfr on 10 April. An extension could lead to a similar decline in prices, former president of the All-India Plastic Manufacturers Association Haren Sanghavi told Argus . But he added that the manufacturing industry remains concerned about domestic supplies and imports alone will not be sufficient to meet demand. Domestic production of some petrochemicals has remained affected by feedstock constraints. Many Indian PVC producers are reliant on feedstock ethylene dichloride (EDC) and vinyl chloride monomer (VCM) imports, with the Middle East accounting for over 50pc of total EDC imports into India back in 2025. Indian producers have either had to take alternative supplies since the beginning of the US-Iran war or scale production accordingly, with concerns emerging in the market over the reliability of domestic production should the war continue, and Middle Eastern EDC supplies remaining inaccessible to the Indian market. By Sourasis Bose and Michael Vitiello Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Singapore issues three methanol bunkering licences

Related news posts

US PET collection falls, rPET demand weakens: NAPCOR

US PET collection falls, rPET demand weakens: NAPCOR

Feedstock boom to drive Argentina petchems

Feedstock boom to drive Argentina petchems

LyondellBasell to shut remaining PP output at Brindisi

LyondellBasell to shut remaining PP output at Brindisi

Brazil waste oil mandate could raise biodiesel costs

Brazil waste oil mandate could raise biodiesel costs

India mulls extension of petchem import duty waiver

India mulls extension of petchem import duty waiver

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