Asia/Pacific
Celanese, PetroChina to collaborate in China on synthetic fuel ethanol
Under this arrangement, Celanese and PetroChina will collaborate to jointly develop synthetic fuel ethanol opportunities in China utilizing Celanese’s proprietary TCX ethanol process technology.
Asian refined product market pressured by weaker demand, excess supply
Asia's light distillates market is weighed down by excess supply, with naphtha differentials under pressure although demand fundamentals remain largely stable. Gasoline demand, however, tapered off following a seasonal increase during the festival month of Ramadan.
Thailand's PTT begins feasibility study on potential mega refinery in Vietnam
The refinery, with a capacity of 660,000 bpd and a price tag of between $25 billion and $30 billion, would be built in the central coastal province of Binh Dinh. PTT has chosen McKinsey, Foster Wheeler and IHS as advisors for the project, it said, adding that the refinery would be operational from 2020.
EIA: China set to top US as world’s biggest oil importer
China is set to the the largest world import of crude oil in October and will hold that ranking in 2014, forecasters at the federal Energy Information Administartion said Friday
Taiwan sees rising crude oil imports, falling LNG
The country's two refiners, government-owned CPC Corp. and privately run Formosa Petrochemical, refined a combined 3.76 million kiloliters of crude oil, up 4.26% from a year earlier, the bureau said in a monthly report. Refinery utilization fell to 62.54% in June from 66.08% in the previous month, it said.
Albemarle starts up new metallocene catalysts plant in South Korea
The plant will produce commercial quantities of single-site metallocene catalysts, including grades enhanced by Albemarle's proprietary ActivCat activation technology, as well as catalyst components such as methylaluminoxane (MAO). Investment details for the new facility were not disclosed.
Siemens to supply new compressor trains for three LNG plants in China
The compressor trains in the three plants each consists of a six-stage vertically-split compressor and a Siemens constant speed electric motor. This type of drive and control, using inlet guide vane assemblies, provides more efficient and reliable operation than conventional compressor solutions.
China posts record high in monthly crude imports
China, the second-largest oil consumer after the US, imported 26.11 million metric tons, or 6.17 million bpd, of crude in July, customs authorities said Thursday. This was 20% more than the same month last year, and up 18% from June, according to calculations by The Wall Street Journal.
Technip wins engineering for new China LNG plant
The contract covers the conceptual engineering study, the basic engineering design for its processes, BED and detailed design of the LNG storage tank, and procurement of key equipment.
Taiyo Oil picks UOP technology to improve flexibility at Japan petrochemical plant
The plant will install UOP's Tatoray process technology to boost yields of certain petrochemicals by more than 70%, along with adding flexibility to produce petrochemicals or gasoline as demand changes.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
