Asia/Pacific
Japan, Argentina likely to boost demand for LNG imports as prices fall
LNG for June delivery in Asia traded at $4.55/MMBtu, down from $4.75 the previous week. Japanese end-users were also expected to be in the market next week for July deliveries,
Engineering unit of China’s CNPC to build first refinery in Cambodia
Northeast Refining and Chemical Engineering Co.(CNPCNE) is scheduled to complete building the first phase of the project of 2 MMtpy, or about 40,000 bpd by 2018, Xinhua said.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
Korea’s LG Chem says it was duped over $21MM payment for naphtha
Song Choong-seop, a spokesman for LG Chem, said the money had been supposed to go to its supplier, Saudi Arabia's Aramco Trading, to pay for naphtha.
Small-scale coal-to-chemicals can revitalize India’s petrochemicals industry, economy—Part 2
In Part 1 of this article, published in April, the barriers of petrochemical production in India were discussed, along with the opportunity to explore chemicals from coal, using the specific example of polyvinyl chloride (PVC).
Business Trends: Global petrochemical overview—Part 2
Part 1 of this series provided an overview on the present state of the petrochemical industry, a breakdown on construction project numbers by region, as well as major trends in Africa, the Middle East and the US. Part 2 examines the landscape in Asia-Pacific, Canada, Europe and Latin America.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year.
Chinese group plans first private mega-project for refining, chemicals
Rongsheng has partnered with local firms, including a state-owned chemical producer, to build the complex, which would include a 400,000-bpd refinery and a 1.4-MMtpy ethylene plant.
GE to provide wastewater treatment for Chinese coal-to-chemical plant
GE’s ZLD evaporator and crystallizer system will eliminate liquid discharge of waste and enable water reuse at the Shaanxi Future Energy Chemical Co. coal-to-chemical plant in China.
Rare gasoline cargo heads from China to US
Asian gasoline stocks have risen sharply in recent months as traders and refiners betting on strong summer demand for the road fuel in China and other countries ramped up imports and production.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
