NEW DELHI/SEOUL, Aug 9 — Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for two consecutive years, forcing firms to consolidate.

SINGAPORE, June 13 — Singapore is offering refiners and petrochemical companies rebates of up to 76 per cent for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said.

SINGAPORE, May 8 — Shell has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Indonesia's Chandra Asri Capital and Glencore Asian Holdings.

SINGAPORE, May 12 — A 300,000 barrel-per-day refinery-petrochemical complex in Malaysia run as a joint venture between Petronas and Saudi Aramco has restarted after a more than two-year closure, a source with knowledge of the matter said.

KUALA LUMPUR, Nov 6 — CGS-CIMB Securities International Pte Ltd’s (CGS-CIMB) bearish outlook for the petrochemical sector in medium-term has been postponed by a string of supply-side issues in Asia and the United States (US).