Asia/Pacific
Saudis raise crude oil pricing for Asian refiners by most in over a year
Refiners may choose to not take full contracted volumes, instead seeking alternative crudes on the spot market or access the large amount of crude stored around the region.
Cepsa expects Indonesian chemical JV to start up by end of this year
"We are targeting to produce 75% of capacity initially after commissioning by end of the year but it also depends on the markets," said Jose Manuel Martinez, CEO of Cepsa Quimica.
Japan, Argentina likely to boost demand for LNG imports as prices fall
LNG for June delivery in Asia traded at $4.55/MMBtu, down from $4.75 the previous week. Japanese end-users were also expected to be in the market next week for July deliveries,
Engineering unit of China’s CNPC to build first refinery in Cambodia
Northeast Refining and Chemical Engineering Co.(CNPCNE) is scheduled to complete building the first phase of the project of 2 MMtpy, or about 40,000 bpd by 2018, Xinhua said.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
Korea’s LG Chem says it was duped over $21MM payment for naphtha
Song Choong-seop, a spokesman for LG Chem, said the money had been supposed to go to its supplier, Saudi Arabia's Aramco Trading, to pay for naphtha.
Small-scale coal-to-chemicals can revitalize India’s petrochemicals industry, economy—Part 2
In Part 1 of this article, published in April, the barriers of petrochemical production in India were discussed, along with the opportunity to explore chemicals from coal, using the specific example of polyvinyl chloride (PVC).
Business Trends: Global petrochemical overview—Part 2
Part 1 of this series provided an overview on the present state of the petrochemical industry, a breakdown on construction project numbers by region, as well as major trends in Africa, the Middle East and the US. Part 2 examines the landscape in Asia-Pacific, Canada, Europe and Latin America.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year.
Chinese group plans first private mega-project for refining, chemicals
Rongsheng has partnered with local firms, including a state-owned chemical producer, to build the complex, which would include a 400,000-bpd refinery and a 1.4-MMtpy ethylene plant.
- AUMA releases new explosion-proof electric actuator series 1/13
- “The corridor to the future runs through the UAE”: Abu Dhabi powering the AI era with molecules, gigawatts and partnership 1/13
- Stamicarbon awarded two chemical licensing contracts in China 1/13
- JERA on track for 20% ammonia co-firing at Hekinan power plant 1/13
- Whiting refinery workers begin contract negotiations with bp 1/13
- Sinochem says Quanzhou refinery to resume operations soon 1/13
