Asia/Pacific
Technip Energies to perform FEED for gas plant associated with carbon capture in Malaysia
Technip Energies has been selected by PTTEP HK Offshore Ltd. to perform the Front-End Engineering Design (FEED) of the Lang Lebah Onshore Gas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia.
U.S. imposes new sanctions on Iran oil exports, targets Chinese firms
The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.
Accelerating the transition to renewable fuels
The global push to neutralize carbon-based GHG emissions by 2050 not only holds great promise for the future of the planet, but it also stands to create millions of jobs, spur rapid growth and drive technological innovation.
History of the HPI: The 2000s: Net-zero, environmental regulations, capacity acceleration and digital transformation
This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.
Axens pyrolysis gasoline unit successfully started-up at Hyundai Chemical petrochemical complex in South Korea
Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.
China's Sinopec starts first carbon capture, storage facility, plans another two by 2025
China's Sinopec said it has put into operation the country's largest carbon capture, utilization and storage facility in east China, and plans to build two more plants of similar size by 2025.
Baker Hughes opens new chemicals facility in Singapore
Baker Hughes is expanding its presence in Asia by opening a new oilfield services chemicals manufacturing facility in Singapore, enabling manufacturing optimization and faster delivery of fit-for-purpose chemical solutions.
History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars
Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.
Industry Perspectives
In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
Impact of strike by South Korean truckers on autos, steel, petrochemicals, others
Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
