Asia/Pacific
Momentive opens new Thailand coating resin plant
The new plant significantly expands Momentive’s production of acrylic-based resins in the region. The site, located in the Pinthong Industrial Estate Park, is capable of producing the latest generation of acrylic resins designed for use primarily in coatings, adhesives, and building and construction applications.
Global diesel prices likely to weaken in 2014 with startup of Jubail refinery
In product markets, the new refinery will add to the supply of clean diesel in Saudi Arabia and Europe -- markets typically supplied by India. Since Indian refiners export diesel to so many markets, the appearance of this competing supply source may have bearish consequences for global diesel prices.
Singapore shifts energy focus from refining to specialty chemicals
These days, attracting new refinery projects isn't a "specific aim" of the EDB, a government agency that promotes Singapore as an investment destination. They instead want new investment in specialty chemicals, which they say isn't as crowded with competitors.
UOP licenses coal-to-olefins process to China plant
It is the fourth licensing win for UOP's advanced MTO process technology. The technology allows petrochemical producers in China and elsewhere to tap cheaper coal and natural gas feedstocks, rather than liquefied petroleum gas or oil, to produce olefins to meet growing demand for petrochemicals.
Honeywell to upgrade automation for Idemitsu at Japan refining complex
Idemitsu Kosan, one of Japan's largest refining and petrochemical companies, said it hopes to modernize its control systems at Tokuyama while adopting global best practices and applications that can be added onto the Experion architecture quickly and with minimal disruption to operations.
Executives predict shale boom in Russia and China, but Europe lags behind
Torbjorn Tornqvist, chief executive of trading house Gunvor, said Wednesday it was clear that shale production on a scale similar to that in the US is possible in several of the world's biggest current energy producers and consumers -- but that Europe is unlikely to be transformed by it.
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.
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