Asia/Pacific
Momentive expands Korea silicone technology hub
Silicones and advanced materials provider Momentive is expanding its marketing and technology operations in the Seoul Gasan Digital Complex with a new application development center, seeking to meet growing demand for specialty silicone products in Korea.
Chemical M&A surging amid major US deals - PwC
Mega deals involving US-based companies in the global chemicals industry helped raise merger and acquisition (M&A) deal value to $16 billion in the third quarter of 2011, according to Chemical Compounds, a quarterly analysis of M&A activity in the global chemicals industry by consultancy PricewaterhouseCoopers (PwC).
Petron chooses CB&I for technology on Philippines refinery upgrading project
CB&I was awarded contracts by Petron to supply sulfur recovery, tail gas treating and hydrogen plant technologies for the Bataan refinery upgrading project (RMP-2) in the Philippines. The project is scheduled for completion in 2013.
CB&I wins engineering, technology deal for China olefins recovery units
CB&I said on Tuesday that subsidiary Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. for the license and engineering design of two light olefins recovery units. The startup of the first unit is expected in 2013.
BP reaches turning point in oil output, safety - CEO
As BP announced its third-quarter financial results on Tuesday, group CEO Bob Dudley put forther more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point in oil and gas production.
BASF, Sinopec start up first chemical plants from China venture expansion
The first production facilities in the $1.4 billion expansion of BASF-YPC Co. have now begun operations in Nanjing, China. BASF-YPC is the 50:50 joint venture established in 2000 between Germany’s BASF and China’s Sinopec.
Chevron starts gas production at Thailand project
Chevron announced on Monday that its Thailand subsidiary has begun natural gas production from the Platong II project in the Gulf of Thailand. The $3.1 billion project is expected to ramp up production to 330 million cubic feet/ day.
CB&I to design, engineer sulfuric acid alkylation unit in China
CB&I subsidiary Lummus Technology has been awarded a contract by Ningbo Haiyue New Material Co. for the license and engineering design of a grassroots sulfuric acid alkylation unit to be built near Ningbo City, Zhejiang Province, China.
Hydrocarbon Processing forecasts 2012 global HPI spending to rise to $222 billion
Spending for the hydrocarbon processing industry is expected to exceed $222 billion next year, up 1.1% over 2011 spending, according to information released on Friday at Hydrocarbon Processing magazine's 38th annual HPI Forecast and Breakfast.
PetroChina venture to build Tangshan LNG terminal
PetroChina is joining forces with Beijing Enterprises and China Suntien Green Energy Co. to build and operate a liquefied natural gas (LNG) terminal in Caofeidian harbor of Tangshan, north China, according to several local media reports.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
