Asia/Pacific
Global methanol market poised for rapid expansion, driven by China demand
Geographically, China remains the growth center for methanol demand, with an average annual growth of slightly more than 12%, while the rest of the world is growing at just below 3%. China methanol consumption will triple from 31 million tons in 2012 to 97 million tons in 2022, according to the study.
Pertamina names PTT as petrochemical business partner in Indonesia
Pertamina is seeking to enter the petrochemical industry as tens of millions of Indonesia's increasingly affluent middle-class will drive up demand substantially. "Both companies are expected not only to build petrochemical plants but also to cooperate in marketing and research and development," they said.
KBR wins project management work for Azerbaijan gas processing plant
The new SOCAR gas processing plant will be located within the new oil-gas processing and petrochemical complex (OGPC) in Azerbaijan. The gas processing plant FEED completion is expected in October 2013, with the overall complex expected to start up operations in late 2020.
India's HPCL plans new refining complex in Barmer
The state-run company's board approved an investment of 370 billion rupees ($6.7 billion) to set up a 9-million tpy refinery and petrochemical complex in the northwest town of Barmer. India's demand for hydrocarbons is growing at a rapid pace, driven by industrialization and the automobiles market.
BASF to supply FCC catalysts for Shell refineries
This enhanced relationship agreement also includes collaborative activities designed to accelerate the introduction of new FCC catalyst technologies, according to company officials. BASF says the deal will ensure that Shell has the most advantageous FCC catalysts in its operations at all times.
Phillips 66 mulls sale of European, Asian refineries
Larry Ziemba, executive vice president for refining, project development and procurement, said that, for the right price the company would consider selling a 71,000 bpd refinery in Cork, Ireland, and its joint venture stakes in refineries in Malaysia and Germany. "They're really not strategic," Mr. Ziemba said.
Methanex to expand output at New Zealand plants
Methanex secured a new natural gas supply agreement, thereby enabling the restart of the methanol plant at its Waitara Valley site by late in the third quarter. That will add 500,000 tpy of production. In addition, Methanex will add capacity at the Motunui site by increasing distillation for another 200,000 tpy.
KBR to supply equipment, license technology for Indonesia ammonia project
PT is developing a plant with ammonia capacity of 2,000 tpd. It will be built by Toyo Engineering and designed using KBR’s reforming exchanger system and Purifier technology. KBR says its proprietary technology and equipment has demonstrated higher reliability and efficiency than conventional designs.
Jacobs to turn Shell Australia refinery into terminal
Under the terms of the contract, Jacobs is initially providing a basic design and engineering package to convert the Clyde refinery and associated satellite Gore Bay terminal into a competitive product import terminal. Work is being performed from Jacobs’ Australian hubs in Melbourne and Sydney.
Monitor and minimize corrosion in high-TAN crude processing
In addition to inhibitor dosing, intensive corrosion monitoring and analytical tests play a major role in equipment and piping health monitoring and in analyzing stream properties online.
- Update: Russian oil supplies to Slovakia may resume as soon as today 8/25
- Indonesia urges EU to remove biodiesel import curbs after WTO ruling 8/25
- Liquid Sun launches eSAF production pilot with ABB, Finnair, Fortum and Finavia 8/25
- Novatek to reduce naphtha exports due to fire at Ust-Luga complex 8/25
- China's Sinochem to sell two bankrupt refineries to local operators 8/25
- Iraq raises refining capacity to 1.3 MMbpd 8/25
