Asia/Pacific
Business Trends: Propane dehydrogenation technology is transforming the propylene business
Propylene demand has been increasing rapidly in recent years, and traditional processes are struggling to keep up.
Industry Perspectives: New downstream project announcements drop 14% in 2017
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 770 new projects have been announced over the past 3 yr.
Editorial Comment: Hydrocarbon Processing forecasts $361 B in total HPI spending in 2018
What is the state of the global hydrocarbon processing industry (HPI)?
Details on high-impact refining and petrochemical projects presently under construction, as chosen by HP editors and readers
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
India MRPL makes its first US oil purchase
NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
DuPont awarded five alkylation technology licenses from Sinopec
WILMINGTON, Del. — DuPont Clean Technologies signs contracts with China Petroleum & Chemical Corporation (Sinopec) for five grassroots STRATCO alkylation units at five Sinopec refineries in China.
Rising US propane exports to Asia widen heating-value spread
HOUSTON (Reuters) — Propane is trading at its widest premium to butane on a heating value basis in four years as strong US exports combined with expectations of a colder US winter than a year ago have tightened inventories.
JXTG Nippon selects AspenTech supply chain software
BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that JXTG Nippon Oil and Energy, the largest oil company in Japan, has selected the company’s aspenONE Petroleum Supply Chain software as its preferred optimization solution for economic and operational planning.
ADNOC finalizes 2018 gasoil, jet fuel term with at least 1 buyer
SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has finalized its 2018 gasoil and jet fuel supply term contracts with at least one buyer, five traders that participate in the market said on Wednesday.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
