Asia/Pacific
thyssenkrupp establishes its first global Oleochemical cluster in Thailand
thyssenkrupp inaugurated its technology center for the oleochemical industry in Map Ta Phut, Thailand, to deliver engineering solutions to global customers. Representing an investment of more than €18 MM, Map Ta Phut will become thyssenkrupp’s global oleochemical competence center for R&D, engineering, project execution and technology development services.
Japan to raise crude storage capacity for Saudi Aramco by 30%
TOKYO (Reuters) — Japan said on Friday that it was preparing to raise the crude oil storage capacity that it lends for free to Saudi Aramco by 30% from this summer.
Japan, S. Korea oil refiners maximize runs to profit from margins at 5-month highs
SINGAPORE (Reuters) — South Korean and Japanese refiners are running their plants at near-maximum capacity to cash in on profit margins that are at five-month highs, industry sources told Reuters on Friday.
Air Liquide signs contract to supply air separation unit in China
Air Liquide Engineering & Construction has just signed a new contract to supply an air separation unit (ASU) to Shandong Lianmeng Chemical, a large chemical company in China.
Alfa Laval awarded $10.6 MM energy-efficiency order in China
LUND, Sweden — Alfa Laval—a heat transfer, centrifugal separation and fluid handling company—has won an order to supply compact heat exchangers to a refinery in China.
Bangladesh LNG drive likely to hit its diesel, fuel oil demand
SINGAPORE/DHAKA (Reuters) — Bangladesh's plan to start importing LNG next year will likely dampen its demand for oil used in power generation, government and industry sources said.
Azerbaijan's H1 2017 oil exports via Turkey pipeline fall 12% yr/yr
BAKU (Reuters) — Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 11.8% year on year in the first half of 2017 to 13.174 MMt from 14.930 MMt in the same period last year, state energy company SOCAR said on Wednesday.
Saudi Arabia tightens its grip on Japan, its biggest Asian oil market
SINGAPORE/TOKYO (Reuters)— Saudi Arabia has boosted its market share in Japan, the world's top oil exporter's biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC's production cuts.
Asia's booming diesel market draws rare European cargoes
LONDON/SINGAPORE (Reuters) — Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices, in a rare arbitrage that reverses traditional routes.
Saudi Aramco, Hyundai Heavy to make engines and pumps together
DUBAI (Reuters) — National oil giant Saudi Aramco said it had signed a memorandum of understanding with South Korea's Hyundai Heavy Industries to make engines and marine pumps in the kingdom.
- 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
