Asia/Pacific
IEA warns of no progress on clean energy goals
The IEA estimates that a cut in the carbon emissions per unit of energy of more than 60% is needed to prevent global average temperatures rising by more than two degrees Celsius in the long term, and maintaining current levels would yield a temperature increase of six degrees Celsius.
Shell to expand Singapore petrochemical complex
Shell said the expansion will increase the plant's production capacity of alcohol ethoxylate. The investment comes at a time when the traditionally strong Asian petrochemical industry is seeing margins squeezed by a resurgence in investment in US petrochemical plants based on cheaper shale.
UOP technology to remove acid gases for Petronas floating LNG in Malaysia
The PFLNG 1 facility, designed to extract natural gas from offshore wells and liquefy and store it for later transport, will use UOP's Amine Guard FS process to remove carbon dioxide and hydrogen sulfide from the liquefied natural gas (LNG) feed streams. The FLNG unit is scheduled to start up by the end of 2015.
Air Products to supply LNG heat exchangers for Petronas expansion project
Air Products' SplitMR liquefaction process and technology was selected and will be supplied to the Petronas LNG Train 9 Project. This project will produce 3.6 million tpy of LNG and is an expansion of the existing Petronas LNG complex in Bintulu, Sarawak, Malaysia. Financial terms were not disclosed.
Australia's Woodside shelves Browse LNG project
Gas from the Browse development, which also counts Shell, BP and Asian companies as shareholders, will no longer be piped to a processing facility at James Price Point on the Western Australia state coast. The development offers a sign that Australia's energy construction boom may be peaking.
BASF taps Toyo as Asia-Pacific engineering partner for petrochemicals work
The three-year agreement covers basic engineering, detailed engineering, procurement, construction management, and other project-related services in the region's petrochemical and chemical sectors.
IEA cuts global oil demand outlook, warns on supply
The downward revision by the Paris-based consumer group reflects similar moves by other industry forecasters as concerns over the global economy continue to weigh on demand expectations. The decline reflects very weak demand from industrialized countries, particularly in Europe.
Linde to build gas purification, air separation units for Reliance at Jamnagar
Under the new deal, Linde's engineering division will supply four large air separation units (ASUs) for the production of gaseous oxygen. In addition, to treat the synthesis gas generated during this gasification process, Linde will deliver two RECTISOL acid gas removal units to Reliance.
Shell taps Jacobs to design Hong Kong project for transformer oil processing
Under terms of the contract, Jacobs is providing detailed design engineering services for modifications to Shell’s existing terminal facility to enable the processing of transformer oil. Shell's 47-acre Tsing Yi installation supplies Hong Kong and Macau with a range of oil, gas and chemical products.
Global chemical industry to see modest growth, driven by M&A activity
In its 2013 outlook, Deloitte finds that the financial influences of globalization, market maturation in China, and raw material trends will position M&A as an effective strategic tool.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
