Asia/Pacific
Toyo Engineering wins work to expand Indonesia ethylene plant capacity
The aim of the project is to expand the ethylene output of the plant, which was built on the basis of Lummus technology in the 1990s. The expansion will raise capacity to 860,000 tpy.
China unveils subsidies for fuel-efficient vehicles
The program is to "speed development of the new-energy automobile industry, reduce emissions and help control pollution," the ministry said in a statement published on its website.
India energy minister targets Asia LNG price reform
Most LNG sold in Asia is by long-term contract linked to crude-oil prices which have stayed higher than piped-gas prices. "All this oil system should go," said Veerappa Moily, India's energy minister.
Inpex sees Japan playing pivitol role in future LNG exports from Australia
Last year, Australia shipped about 24 million metric tons of LNG -- most to Japan. Australian exports are forecast to more than triple in the next five years as new projects come on stream. The country has more than a dozen projects either under construction or on the drawing board.
Praxair expands operation of India nitrogen plants
Praxair is expanding its India presence through several projects, which combine novel application technologies with the right production and supply systems to meet growing customer needs.
Taiwan eyes petrochemical investment in China
Taiwan may loosen restrictions on investment in petrochemical production in China, where new projects have already attracted interest from a few Taiwanese companies.
Japan, India to collaborate on lowering LNG prices
Asian countries, the biggest buyers of seaborne LNG, sometimes pay five or six times more for the deep-chilled gas than do consumers of piped gas in North America, where prices have plunged due to growing availability on the back of a boom in production of the fuel from shale deposits.
CNOOC picks CB&I technologies to expand refinery, petrochemical complex
This award includes the first license in China of CB&I’s recently acquired E-Gas gasification technology. The E-Gas gasification technology can be used to generate clean synthesis gas from coal and petroleum coke for use in power generation, hydrogen and steam for refineries.
Gazprom Neft makes bid to upgrade Dung Quat refinery in Vietnam
Gazprom Neft executives says it has experience in modernizing and expanding refineries not only in Russia but also in other countries. Vietnam supports Gazprom Neft's bid to participate in the Dung Quat project, adding that the company needs to commit to supplying crude oil for the refinery.
Asia’s new LNG plants may boost regional demand
The startup of new LNG import facilities in China, Singapore, Malaysia and South Korea may provide a boost for Asian spot prices during the final months of 2013, according to a report.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
