Asia/Pacific
Huntsman plans $40m Asia-Pacific technology hub
Huntsman plans to invest $40 million in building an Asia Pacific regional technology center in Shanghai's Minhang economic and technological development zone. The US-based chemicals manufacturer said the center would support rapidly-growing demand for world-class technology and innovation from customers across the Asia Pacific region.
Air Products wins China industrial gas supply deal
Air Products will build and operate an air separation unit (ASU) and integrated liquefier in the Nanjing Chemicals Industrial Park in Nanjing, China. The ASU follows a long-term contract agreement to supply oxygen and nitrogen to Wison (Nanjing) Clean Energy’s coal-to-syngas gasification facility in Nanjing, the company said. Specific terms were not disclosed.
Chevron approved by Australia for Wheatstone LNG
Chevron says it has received Australian Commonwealth government approval for its Wheatstone LNG project in Western Australia. The foundation phase of the project will consist of two liquefied natural gas (LNG) trains with a combined capacity of 8.9 million tpy and a domestic gas plant.
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
GE to supply compressors for Shell Australia FLNG
GE Oil & Gas has entered into an agreement with Technip to supply two steam turbine-driven compressors for the Shell Prelude floating liquefied natural gas (FLNG) project. The facility, which is to be based offshore Australia, will be the largest floating offshore facility in the world.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Cabot JV opens black masterbatch plant in China
Cabot has opened its new masterbatch plant in Tianjin, China, the specialty chemicals producer said on Monday. Construction of the $20 million black masterbatch project began in February 2011.
Chevron inks sales deal from Australia LNG project
Chevron said it signed a sale and purchase agreement with Kyushu Electric Power Co. for the delivery of liquefied natural gas (LNG) from the Wheatstone project in Western Australia. Under the binding agreement, Chevron, together with Apache and Kufpec, will deliver up to 700,000 tpy of LNG to Kyushu Electric for up to 20 years.
Indian Oil plans to double refining capacity - report
Indian Oil Corp. plans to nearly double its refining capacity by March 2022 as an improving domestic economy is helping to boost demand for fuel products in India, an executive with the company said on Friday.
Johnson Controls to build China auto battery plant
Johnson Controls is investing $100 million to build a Start-Stop vehicle battery plant in China, citing increasing global demand for high-quality automotive batteries with environmentally-friendly Start-Stop technology.
- 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
