Asia/Pacific
BASF, Sinopec start up first chemical plants from China venture expansion
The first production facilities in the $1.4 billion expansion of BASF-YPC Co. have now begun operations in Nanjing, China. BASF-YPC is the 50:50 joint venture established in 2000 between Germany’s BASF and China’s Sinopec.
Chevron starts gas production at Thailand project
Chevron announced on Monday that its Thailand subsidiary has begun natural gas production from the Platong II project in the Gulf of Thailand. The $3.1 billion project is expected to ramp up production to 330 million cubic feet/ day.
CB&I to design, engineer sulfuric acid alkylation unit in China
CB&I subsidiary Lummus Technology has been awarded a contract by Ningbo Haiyue New Material Co. for the license and engineering design of a grassroots sulfuric acid alkylation unit to be built near Ningbo City, Zhejiang Province, China.
Hydrocarbon Processing forecasts 2012 global HPI spending to rise to $222 billion
Spending for the hydrocarbon processing industry is expected to exceed $222 billion next year, up 1.1% over 2011 spending, according to information released on Friday at Hydrocarbon Processing magazine's 38th annual HPI Forecast and Breakfast.
PetroChina venture to build Tangshan LNG terminal
PetroChina is joining forces with Beijing Enterprises and China Suntien Green Energy Co. to build and operate a liquefied natural gas (LNG) terminal in Caofeidian harbor of Tangshan, north China, according to several local media reports.
IEA secures energy alliances with India, Russia
Officials with India and Russia each signed deals this week with the International Energy Agency (IEA), pledging to strengthen bilateral co-operation in areas such as oil and gas security, energy efficiency and renewables, and overall dialogue.
Global motion control market improves amid strong semiconductors, automotive - study
The worldwide market for general motion control systems increased by a double-digit percentage since 2009, according to a new ARC Advisory Group study. Suppliers who endured as much as 50% declines in business during the downturn reported a tremendous rebound in shipments, the study says. This renewed growth, first felt in Asia, progressively extended to Europe and North America as well.
Global flowmeter market surging in 2011 amid high energy business - study
The worldwide market for flowmeters declined in 2010 but is expected to strongly rebound in 2011, according to a new ARC Advisory Group study. Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
KBR, SK Group license advanced catalytic olefins technology to China plant
KBR was awarded a license and process design package contract for a new olefins production unit using its advanced catalytic olefins (ACO) technology. This award represents the first license using this innovative technology, the company said, which catalytically cracks naphtha and other straight run feeds to produce olefins yields which surpass those available from traditional steam cracking technology.
Foster Wheeler inks deal in India to design, supply CFB steam generators
Global construction major Foster Wheeler has been awarded a contract by Essar Projects, a United Arab Emirates (UAE) company, to design and supply four circulating fluidized-bed (CFB) steam generators for Essar Power Salaya in India - the owner and developer of the project. Foster Wheeler has received a full notice to proceed on this contract, it said.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- Lukoil trading arm shrinks fast under Western sanctions 11/21
