Asia/Pacific
Thailand's Bangchak reviewing refinery upgrade plan
Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.
S.Korea's LG Chem to double ABS output at Chinese petrochemical plant by 2018
LG Chem Ltd. will invest $100 MM to double output of lucrative acrylonitrile, butadiene and styrene (ABS) plastics at its joint venture plant in China by 2018.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
China firm seeks state financing for $5.5-B Caribbean oil project
Commodity trader Guangdong Zhenrong Energy Co. is in talks to secure funding for a $5.5-B plan to upgrade a Caribbean oil refinery and build a natural gas terminal, giving China a foothold in a strategic oil hub.
Idemitsu says still unable to talk to founding family on Showa Shell takeover
Japanese refiner Idemitsu Kosan Co. said it was still unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu.
Shell-CNOOC JV to assume ownership of new petrochemical complex
Shell Nanhai B.V. and China National Offshore Oil Corporation’s 50:50 JV has officially assumed ownership of CNOOC’s ongoing project to build an ethylene cracker and several derivatives units, after receiving all the necessary government approvals.
DuPont MECS DynaWave scrubbers to be used in Petronas’ RAPID refinery
DuPont MECS DynaWave technology has been selected for the installation of three custom-engineered scrubbing systems for sulfur dioxide removal at Petronas’ RAPID Project refinery in Pengerang, Southern Johor, Malaysia.
Use a mixed-solvent process to boost lube base oil yields and profitability
Through research and development (R&D), the commercial application of a mixed-solvent (MS) approach using a mixture of different co-solvents resulted in higher lube raffinate yields without affecting the lube oil quality.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Chevron Wheatstone LNG cost blowout to $34 B hits Woodside
Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.
- Wood to design upgrades at Ecopetrol refinery for cleaner fuels production 6/24
- Saudi Arabia's CMDC (BCI group) awards thyssenkrupp nucera key contract for chlor-alkali plant expansion in Jubail 6/24
- EU imposes measures to curb ethanol imports from Pakistan 6/24
- China doubles 2025 naphtha import quotas 6/24
- BEL Valves supplies six-figure order for Europe’s largest processing plant 6/24
- INEOS responds to UK Government's industrial strategy 6/24
