Asia/Pacific
Shell worried by rising Australia LNG project costs
Cost pressures are building as leading energy companies mull whether to export LNG to Asia from North America and East Africa, potentially increasing competition. Shell has already committed almost $30 billion to Australian gas-export projects being built over the next five years.
PetroChina achieves on-spec LNG at Ansai project
The successful industrial application of the double mixed refrigerant process, independently developed by China Huanqiu Contracting & Engineering, is the first of its kind regarding large-scale gas liquefaction.
Honeywell develops fuel-saving flight management software for airliners
Some estimates place potential benefits at as much as 3% in savings on reduced fuel use. Others project as much as $200,000 in annual savings per plane while cruising long oceanic routes. United Continental Holdings is running demonstration flights to verify such estimates.
Chemtex, Black & Veatch win engineering deal for large China LNG project
Expected to be completed in late 2013, the 500,000 NM³/day plant will be the largest of its kind in northeast China. It will be delivered by the Chemtex / Black & Veatch team using a complete lump sum engineering, procurement and construction package, officials said. Financial terms were not disclosed.
BASF joins collaboration to develop bio-acrylic acid
BASF, Cargill and Novozymes recently signed an agreement to develop bio-based technologies to produce acrylic acid from renewable feedstocks. The annual global market volume of acrylic acid is around 4.5 million tons, with a value of $11 billion at the end of 2011.
Reliance in talks to buy Malaysia PTA plant from BP
Executives from Reliance Industries and BP have held talks in Hong Kong about BP's purified terephthalic acid (PTA) plant in Malaysia, which has an annual capacity of around 610,000 tons, the Economic Times newspaper said, citing an unidentified investment banker. Financial terms were not yet known.
Materia extends global catalysts distribution pact with Sigma-Aldrich
Materia’s olefin metathesis catalyst technology enables chemical compounds to be synthesized with greater efficiency, under less stringent reaction conditions, and with reduced byproducts and hazardous waste, according to the company. Financial details were not disclosed.
Formosa shuts Taiwan styrene plant following fire
The facility, part of Formosa Chemicals' flagship Mailiao petrochemical complex in Yunlin county, produces intermediate petrochemicals for other units under the Formosa Group and for other small local customers. The fire the fire was extinguished within around half an hour after it started.
India oil product demand to slow in months ahead
The EIA's monthly forecast is broadly in line with domestic projections. Summer energy demand recently peaked, and it will likely fall off over the next few months, barring unforeseen contingencies. The government has announced plans for $1 trillion in infrastructure investments over the next five years.
PetroVietnam looks to Japan investors for energy, infrastructure projects
Projects that could be invested in include a liquefied natural gas storage facility, a petrochemical plant, power plants, a seaport and a shipyard, PetroVietnam said after an August conference with 130 Japanese groups.
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
- India's Nayara Energy buys only Russian oil in Dec for 5th straight month 1/15
