Asia/Pacific
LG Chem to invest $278 MM to increase acrylic acid, super absorbent polymer output
SEOUL (Reuters) — LG Chem Ltd, South Korea’s largest chemical company, said on Tuesday it will spend $278.32 MM on expanding its acrylic acid and superabsorbent polymer production capacity by the first half of 2019.
Sinopec to expand NPG capacity at Yangzi refinery
BEIJING (Reuters) — Sinopec to double capacity of the Neopentylglycol (NPG) production line at its Yangzi refinery from 40,000 tpy to 80,000 tpy, the company said on Monday.
India's Reliance aims to become big clean energy provider
MUMBAI (Reuters) — India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
Russia holds steady as China's largest crude supplier for 9th month
BEIJING (Reuters) — Russia held on as China's largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday.
China halts oil product exports to N.Korea in November as sanctions bite
BEIJING (Reuters) — China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to limit petroleum shipments to the isolated country.
Chinese customs seizes $13 MM worth of smuggled fuel
BEIJING (Reuters) — Chinese customs in Nanjing city has seized 12 Mt of smuggled fuel worth $12.98 MM, state news agency Xinhua reported on Monday.
Idemitsu, Showa Shell see around $70 MM in cost savings by March
TOKYO (Reuters) — Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu said on Friday they expect to cost cuts by $71 MM in the first year of their business alliance that started last April.
Oil dips from highs but OPEC cuts still support market
SINGAPORE/LONDON (Reuters) — Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
Fluor completes work on BASF auto coatings plant
IRVING, Texas — Fluor Corporation announced that BASF’s Coatings division has opened a new automotive coatings plant at the Shanghai Chemical Industry Park in Caojing, Shanghai, China. An opening ceremony was held recently to commemorate the milestone.
Indian refiner BPCL prepared to integrate with GAIL, Oil India
NEW DELHI (Reuters) — State refiner Bharat Petroleum Corp has written to the oil ministry for integration with GAIL (India) Ltd and Oil India Ltd as option 1 and 2, said oil minister Dharmendra Pradhan on Wednesday.
- Ketjen introduces new breakthrough catalyst that mitigates the effects of iron poisoning in FCCUs 8/20
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
- EcoCortec, Jakob Schober GmbH awarded sustainability award for closed-loop circular films solution 8/20
- Addverb reinvents its factory automation development with Siemens Xcelerator 8/20
- Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’ 8/20
- EIA: Crude and gasoline inventories fall, distillates rise 8/20
