Asia/Pacific

U.S. imposes new sanctions on Iran oil exports, targets Chinese firms

The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

History of the HPI: The 2000s: Net-zero, environmental regulations, capacity acceleration and digital transformation

Nichols, Lee, Hydrocarbon Processing Staff

This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.

Axens pyrolysis gasoline unit successfully started-up at Hyundai Chemical petrochemical complex in South Korea

Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.

China's Sinopec starts first carbon capture, storage facility, plans another two by 2025

China's Sinopec said it has put into operation the country's largest carbon capture, utilization and storage facility in east China, and plans to build two more plants of similar size by 2025.

Baker Hughes opens new chemicals facility in Singapore

Baker Hughes is expanding its presence in Asia by opening a new oilfield services chemicals manufacturing facility in Singapore, enabling manufacturing optimization and faster delivery of fit-for-purpose chemical solutions.

History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars

Nichols, Lee, Hydrocarbon Processing Staff

Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.

Industry Perspectives

Nichols, Lee, Hydrocarbon Processing Staff

In 1H 2022, new capital projects have declined 19% vs. 1H 2021.

Impact of strike by South Korean truckers on autos, steel, petrochemicals, others

Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain.

Industry Perspectives: Hydrocarbon Processing’s Mid-Year Update webcast to be held in late June

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.

Global refiners falter in efforts to keep up with demand

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.