Asia/Pacific
Developing nations seen making better efforts on climate change - official
Developing countries are making more effort to combat climate change and reduce carbon emissions than the developing world and that imbalance is threatening the future of the Kyoto Protocol, Venezuela's climate change representative said Tuesday.
US says nations must adhere to CO2 pact
The US said Monday that any future emission reduction accord must equally apply to industrialized countries and the major emerging economies such as China. The US, which isn't a member of the Kyoto Protocol, said it takes climate change seriously but any accord has to have equal application to the US and major emerging economies in order to be passed.
Dow, Saudi Aramco finalize Sadara chemical JV; senior officials named
Dow Chemical and Saudi Aramco on Monday announced the official formation of Sadara Chemical Co. (Sadara), a joint venture between the two companies. First production units are expected to come on line in the second half of 2015. All units are expected to be up and running in 2016.
BP, Indian Oil sign initial pact to build acetic acid plant in west India
BP and Indian Oil Corp. said Wednesday they have signed an initial agreement to form an equally owned joint venture to build a 1 million tpy acetic acid plant in western India.
IEA urges fix of renewable energy subsidies
Governments offering financial incentives to renewable energy generation technologies must do more work to make this support more cost effective, the International Energy Agency said Wednesday. Problems can be avoided by quickly adapting subsidy policies as technologies evolve and their costs fall, said the agency.
Reliance, BP form JV for India natural gas business
Reliance Industries and BP said Friday they've formed an equal joint venture, called India Gas Solutions, for sourcing and marketing natural gas in India. They added that Reliance and BP will provide equal amount of equity to fund the new company.
Technip wins EPC deal on Thailand elastomer plant
Michelin Siam Co. awarded Technip with a lump sum turnkey engineering, procurement and construction (EPC) contract for a new elastomer composite plant to be built in Thailand. Technip’s operating center in Bangkok, Thailand will execute the contract, which is scheduled to be completed in early 2013.
Japan, Russia agree to boost ties, eye LNG project
Japan and Russia signed a memorandum of understanding Saturday aimed at boosting economic relations between the two countries in broad areas including energy, high technology and health care. The two ministers also agreed to work together in a project to build a liquefied natural gas plant in Vladivostok, Russian Far East, for natural gas produced in the island of Sakhalin.
BASF to move dispersions, pigments headquarters to Hong Kong
BASF plans to move the global headquarters of its dispersions and pigments division to Hong Kong, the company said on Monday. The portfolio of the dispersions and pigments division includes pigments, resins, dispersions and additives such as photoinitiators, light stabilizers and formulation additives.
IEA lowers China’s oil demand forecast
The International Energy Agency has slightly lowered its 2012 forecast for Chinese oil demand due to an anticipated slowdown in that country's economy, but revised up its forecast for India's oil demand next year by the same amount. China's gross domestic product in the third quarter rose 9.1% from a year earlier but was down from a 9.5% growth in the second quarter and 9.7% in the first.
- USA BioEnergy secures Johnson Matthey and Honeywell technologies for new SAF facility in Texas (U.S.) 9/10
- Consortium receives AiP for floating ammonia cracker unit 9/10
- Southeast Asia set to export surplus biofuels to Europe, Petronas executive says 9/10
- U.S. refinery-state senators look to block Trump from shifting renewable fuel obligation 9/10
- Canada pledges money, regulatory reform to boost biofuels 9/10
- LNJ GreenPET, Sumitomo partner to accelerate recycled PET sector 9/10
