Asia/Pacific
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 700 active refining projects around the world. The majority of these projects are located in the Asia-Pacific and Middle East regions.
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Japan's Idemitsu to delay Showa Shell stake purchase from Shell
Japanese oil refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission is still under way.
Shell opens advanced bitumen solutions center in China
Shell Bitumen officially opened its new Shell Bitumen China Solutions Centre, located within the Hongyi Technology Industrial Area, Songjiang District in Shanghai. It replaces Shell Bitumen’s solutions center in Beijing, China.
Shell Indonesia producing marine lubricants, increasing production
Shell’s newest lubricant oil blending plant, located in Marunda Centre, near Jakarta, Indonesia, has more than doubled its production slate and is now producing 99 different products.
Petronas to help YHBS, Huchems develop petrochemical complex near Bintulu, Sarawak
Petronas will conduct a pre-feasibility study for a methanol plant in Bintulu, Sarawak and supply natural gas to Huchems’ proposed petrochemical plant in the same location.
Maire Tecnimont awarded EPC contract for HDPE unit at Pengerang Integrated Complex
Maire Tecnimont and China’s HuanQiu Contracting & Engineering Corp. have been awarded an EPC contract for a new HDPE unit at Petronas’ Pengerang Integrated Complex.
Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
OPEC output curbs could be undone by China slowing crude storage
The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.
Sinopec in $4-B petrochemical JV with Taiwan firm
A subsidiary of top Asian refiner Sinopec Corp. has officially launched a 50-50 JV with a Taiwanese company to build a petrochemical complex in southeast coastal Fujian province.
- Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector 7/7
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
- Shell flags profit hit from weakness in gas trading and chemicals business 7/7
