Asia/Pacific
Honeywell develops fuel-saving flight management software for airliners
Some estimates place potential benefits at as much as 3% in savings on reduced fuel use. Others project as much as $200,000 in annual savings per plane while cruising long oceanic routes. United Continental Holdings is running demonstration flights to verify such estimates.
Chemtex, Black & Veatch win engineering deal for large China LNG project
Expected to be completed in late 2013, the 500,000 NM³/day plant will be the largest of its kind in northeast China. It will be delivered by the Chemtex / Black & Veatch team using a complete lump sum engineering, procurement and construction package, officials said. Financial terms were not disclosed.
BASF joins collaboration to develop bio-acrylic acid
BASF, Cargill and Novozymes recently signed an agreement to develop bio-based technologies to produce acrylic acid from renewable feedstocks. The annual global market volume of acrylic acid is around 4.5 million tons, with a value of $11 billion at the end of 2011.
Reliance in talks to buy Malaysia PTA plant from BP
Executives from Reliance Industries and BP have held talks in Hong Kong about BP's purified terephthalic acid (PTA) plant in Malaysia, which has an annual capacity of around 610,000 tons, the Economic Times newspaper said, citing an unidentified investment banker. Financial terms were not yet known.
Materia extends global catalysts distribution pact with Sigma-Aldrich
Materia’s olefin metathesis catalyst technology enables chemical compounds to be synthesized with greater efficiency, under less stringent reaction conditions, and with reduced byproducts and hazardous waste, according to the company. Financial details were not disclosed.
Formosa shuts Taiwan styrene plant following fire
The facility, part of Formosa Chemicals' flagship Mailiao petrochemical complex in Yunlin county, produces intermediate petrochemicals for other units under the Formosa Group and for other small local customers. The fire the fire was extinguished within around half an hour after it started.
India oil product demand to slow in months ahead
The EIA's monthly forecast is broadly in line with domestic projections. Summer energy demand recently peaked, and it will likely fall off over the next few months, barring unforeseen contingencies. The government has announced plans for $1 trillion in infrastructure investments over the next five years.
PetroVietnam looks to Japan investors for energy, infrastructure projects
Projects that could be invested in include a liquefied natural gas storage facility, a petrochemical plant, power plants, a seaport and a shipyard, PetroVietnam said after an August conference with 130 Japanese groups.
CNPC to resume Hohhot refinery operations after year-long shutdown
The China refinery has been shut since August 2011 to make way for a new crude distillation unit, fluid catalytic cracking unit and polypropylene unit. It will now be able to produce 1.7 million tons of gasoline, 2.1 million tons of diesel, 200,000 tons of jet fuel and 150,000 tons of polypropylene.
Historic blackout reveals India's diesel dependence
Although the unprecedented scale of blackouts across northern India this week won't have an immediate or big impact on import needs, a long-term and continuing rise in India's diesel use is important for the regional trade in refined oil products, and it continues to drive decisions on refinery investment.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
