Asia/Pacific
Cabot breaks ground on China carbon black plant
Cabot and joint venture partner Risun Chemicals broke ground Tuesday on a new carbon black manufacturing facility in Xingtai, China. The new plant will have a Phase I manufacturing capacity of 130,000 tpy of carbon black, and will enable Cabot to increase its carbon black output in China by 25%.
India to get first floating LNG terminal by end-2013
French power company GDF Suez, GAIL (India) Ltd. and the southern Indian state of Andhra Pradesh agreed to set up the South Asian nation's first floating terminal to import liquefied natural gas. India's annual LNG capacity is estimated to reach 50 million tons by 2017 from about 13.5 million tons at present.
Mitsubishi, Celanese to expand polyacetal complex in South Korea
Mitsubishi Gas Chemical Co. (MGC) says it is expanding polyacetal (POM) production at its joint-venture facility in South Korea, increasing its production by 35,000 tpy. The construction of the new facility will start in the first quarter of 2012 and will be completed in the fourth quarter of 2013.
Global refinery runs to improve in months ahead
Growth in demand could give European refiners, struggling from lackluster regional demand, export opportunities - in particular, gasoline to the US Northeast, the IEA says.
Technip lands flexible pipe supply deal for Ichthys LNG project in Australia
Technip was awarded a lump sum contract to supply flexible pipe for the Ichthys liquefied natural gas (LNG) project in Australia. The Ichthys LNG project is expected to produce 8.4 million tpy of LNG and 1.6 million tpy of liquefied petroleum gas, along with approximately 100,000 bpd of condensate at peak.
Singapore to study LNG bunkering amid search for cleaner marine fuels
Singapore maritime officials are studying the feasibility of LNG bunkering in Singapore in collaboration with DNV and 21 industry partners. The industry is looking to LNG as a cleaner marine fuel to meet international regulations as LNG has lower emissions compared with conventional marine diesel oil.
BASF to build new India polyurethane site by 2014
BASF will invest €150 million to set up a new chemical production site at Dahej, located on the west coast of India in Gujarat. The start of production is planned for 2014. The project will be financed by BASF India Ltd. through internal accruals and loans.
Chevron sees downstream margins up in refining, down in marketing
US energy major Chevron says its downstream earnings in the first quarter are expected to be higher, reflecting improved refining and chemicals margins, lower operating expenses, and gains on asset sales. International refinery crude-input volumes were up slightly compared to the fourth quarter.
China adjusts fee for foreign JV energy projects
Foreign joint ventures involved in oil and gas production in China will now be charged a compensation fee calculated on production value rather than volume. China first levied a fee on foreign joint ventures based on production volume in 1990. However, it suspended the fee in November 2011.
Korea's Kepco signs $3.4bn LNG deal with Vitol
Korea Midland Power said Monday that it has struck a $3.4 billion deal with Switzerland's Vitol SA to buy liquefied natural gas (LNG) under a long-term contract. The power-generating unit of Korea Electric Power Corp., known as Komipo, will buy 400,000 tpy of LNG from Vitol from 2015 to 2024.
- Envision sets sail with world's first commercial green ammonia cargo to South Korea 2/27
- Eni takes FID on biorefinery conversion project in Sannazzaro 2/27
- Valmet launches Valmet FlexBatch 8, the latest version of its advanced batch automation and recipe management software 2/27
- AFPM to the U.S. EPA: Please, no last-minute RVP waivers in 2026 2/27
- Druzhba pipeline carried Ukrainian and Russian oil before January attack 2/27
- Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019 2/27
