Asia/Pacific
PetroVietnam actively prepares for construction of nation's second refinery
Plans to build the 200,000 bpd Nghi Son refinery in Thanh Hoa province by investors from Kuwait, Japan and Vietnam have been delayed several times. PetroVietnam earlier said it could cost $8 billion-$10 billion.
Canada seeks more energy exports to India, less dependence on US
Canada's search for alternative destinations, including India, China and Japan, for its trove of hydrocarbon resources coincides with India seeking stable supplies of oil and gas to augment its own, relatively limited, energy resources, which currently satisfy less than a quarter of its requirement.
OPEC lowers global oil demand forecasts for 2012
Economic growth is mostly set to come from emerging markets, but these countries are reliant on exports to developed economies, which have performed sluggishly this year. Moreover, improvements in the global economy are dependent on the success of government and central-bank action.
Eni inks deal with Honam Petrochemical to develop Korean elastomers plant
The new site will use technologies of Eni's chemical subsidiary Versalis and will have a production capacity of about 200,000 tpy of elastomers, or elastic polymers, which will be delivered mainly to Asian markets. Start-up is planned for the end of 2015, according to the Rome-based company.
India's Bharat taps CB&I delayed coking technology for Kochi refinery expansion
The Kochi refinery's delayed coking unit will have the capacity to process 3.84 tpd of vacuum resid and small quantities of clarified oil from the FCC. The unit will be designed to produce sour fuel gas, LPG, naphtha, light and heavy gas oil, and petroleum coke. Lummus Technology will provide basic engineering.
South Korean refiners target peak operating rates amid high margins, exports
A shortage of middle distillate products like diesel and aviation fuel in the US and Europe due to both maintenance-related and unplanned refinery outages and a lack of capacity expansion is keeping global premiums high. This tightness in the West is attracting cargoes from Asia.
KBR wins licensing, process design deal for China olefins recovery project
The client owns an existing plant of coal-to-olefins which started last year. It is the world's first and largest coal-to-olefin project using coal as the feedstock to produce polyethylene and polypropylene by coal gasification to methanol, then methanol to olefin (MTO), and then olefin polymerization.
HP Impact: Increased coal-to-olefins processes in China
Increased coal-to-olefins processes in ChinaChina’s significant domestic supply of coal, combined with a domestic shortage of several key chemical feedstocks, especially ethylene and propylene, a..
HP Construction: Asia-Pacific
Jilin Qianyuan Energy Development has selected Chemtex, along with Black & Veatch’s patented PRICO LNG technology, to deliver a major liquefied natural gas (LNG) facility. Expected to be complete..
HP Reliability: Equipment life extension involves upgrades
Every plant wants to get more service life from site machinery. Since about 1990, quite a number of start-up consulting companies have formed to advise clients on equipment life extension. These compa..
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- 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
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
