Asia/Pacific
Asian refiners buoyed by rising jet fuel demand
A draw down in excess jet fuel stocks will provide a rare pillar of support for Asia's massive refining sector that has been hit by poor profits, given weak demand for diesel.
Bangladesh to more than triple refining capacity
The new unit at Patenga refinery in Chittagong will cost $1.7 billion, said Nasrul Hamid Khan, Bangladesh's junior minister for power, energy and mineral resources.
India’s HPCL to invest $3.8B to expand refining capacity by two-thirds
HPCL will boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery will ramp up to 300,000 bpd from 166,000 bpd by July 2020.
China calls for talks after Costa Rica abandons $1.5B refinery project
The refinery upgrading project has been paralyzed since 2013 by Costa Rica's comptroller after complaints of conflicts of interest in the feasibility studies.
India’s JBF secures paraxylene supply from ONGC
JBF Petrochemicals is in the process of commissioning a PTA plant with 1.25 MMtpy of capacity, using technology from BP, at Mangalore. The paraxylene will be supplied by OMPL.
China’s crude import growth slows as refining inventories swell
Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.
Total to broaden LNG cooperation with Korea Gas
The agreement is designed to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries, Total said in a statement.
Air Liquide to supply gases for petrochemical unit of China’s Sinopec
Expected to start operations in the second quarter of 2017, the new ASU will supply industrial gases including oxygen and nitrogen to the customer's new ethylene oxide plant as well as to its existing one.
Global chemicals output shows monthly growth
During February, chemical production rose in North America, Western Europe, and Asia-Pacific; was flat in Africa & the Middle East; and fell in Latin America and Central and Eastern Europe.
LyondellBasell acquires Indian polypropylene compounding assets
LyondellBasell entered into a definitive agreement to acquire Zylog's polypropylene (PP) compounding assets in November 2015, and the deal was formally completed on Thursday.
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- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- U.S. judge blocks Michigan from shutting down Enbridge's Line 5 oil pipeline 12/19
