Asia/Pacific
Europe: United Kingdom
The United Kingdom (UK) is Europe’s fourth largest chemical economy, after Germany, France and Italy. It accounts for 8% of the European Union’s (EU’s) $900 billion overall chemical pro..
Fujian picks KBC software for China petrochemical, refining optimization project
Under this multi-million dollar contract, KBC will provide a 5-year Petro-SIM and ProSteam software license, build a refinery and petrochemical integrated flowsheet model, online utility optimiser and complex-wide LP model, and will train company personnel on software model building and applications.
WR Grace acquires China catalysts firm Noblestar
WR Grace officially acquired Noblestar Catalysts, a Qingdao, China-based manufacturer of FCC catalysts, catalyst intermediates and related refining industry products. Grace said it expects to make additional investments at the site for environmental, safety and manufacturing upgrades.
Sinopec plans Hong Kong IPO for new downstream engineering business
Beijing-based Sinopec Engineering Co., which was set up in September with a registered capital of 3.1 billion yuan ($500 million), is hoping that a Hong Kong listeing could raise its profile in the international market, as it strives to secure more overseas engineering and construction projects, a source said.
Air Products to raise Taiwan nitrogen production, expand regional pipeline
The company will build an additional two air separation units and expand its existing nitrogen pipeline to serve the region, which includes Tainan Science-Based Industrial Park (TSIP) and Tree Valley Science and Industry Park (TVSIP). The amount of expanded output was not disclosed.
PTT to study petrochemical, refining proposals in Indonesia, Cambodia, Myanmar
Indonesia and Myanmar show potential, the company's CEO said. Meanwhile, a $28.7 billion, 660,000-bpd refinery and petrochemical complex at the Nhon Hoi Economic Zone in coastal Binh Dinh province is the subject of a completed feasibility study submitted to the Vietnamese government for approval.
Lanxess awards EPC work to Foster Wheeler for China synthetic rubber project
The new facility will be designed to produce 160,000 tpy of EPDM rubber. The plant is expected to start up in 2015. Germany-based specialty chemicals firm LANXESS says the new plant, which it describes as the largest EPDM rubber facility in the world, is its largest investment in China to date.
IEA calls for South Korea gas market reform
The agency says LNG trading between Korea Gas (Kogas) and other local companies should be encouraged, with local LNG consumers given the right to select a supplier. Local companies other than Kogas are currently not allowed to import LNG for trading purposes.
Shell may delay Arrow LNG as Australian costs rise
Royal Dutch Shell could postpone a decision on its Arrow liquefied natural gas (LNG) project on Curtis Island in Queensland, Australia, until 2014. Costs for Australian LNG facilities are climbing as the nation looks to overtake Qatar as the world's largest exporter of LNG, amid burgeoning Asian demand.
INEOS licenses polypropylene process for Shenhua project in China
INEOS Technologies has licensed a process for the manufacture of homopolymers, random copolymers and impact copolymers to China Shenhua Coal to Chemical Xinjiang Coal Chemical Co. The plant will produce a wide range of PP products to serve the growing market in China.
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- 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
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