Asia/Pacific

CTCI awarded contract for Petronas RAPID project

With years of cultivation and development in the Malaysia hydrocarbon market, CTCI contracted RAPID P1 RFCC Project of PETRONAS in 2014 with a contract value of $1 B.

Neste picks Singapore for new biofuel refinery

Neste's Board of Directors has decided that Neste's additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018.

TOYO launches ‘digital fertilizer’ for Indonesian plant

Toyo Engineering Corporation (TOYO, President and CEO Kiyoshi Nakao) has developed and launched the first “digital fertilizer” for the fertilizer plant owned and operated by PT Pupuk Sriwidjaja Palembang (PUSRI) in Palembang in South Sumatra, Indonesia as a subsidiary of state-owned Indonesian fertilizer company, PT Pupuk Indonesia.

Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018

JAKARTA (Reuters) — Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday.

South China chemical producer halts ammonia output as gas crisis deepens

BEIJING (Reuters) — A major Chinese chemical producer based in the southern province of Yunnan said it has halted production of synthetic ammonia and urea due to natural gas shortages as China's winter heating crisis deepens.

India gov't favors petcoke import ban, US would be biggest loser

NEW DELHI (Reuters) — India’s government is in favor of banning imports of petroleum coke to curb air pollution, according to a government affidavit filed with its top court, which could be a big blow to US refiners who export heavily to the country.

Hanwha Total petchem to invest $331 MM to boost polyethylene output

SEOUL (Reuters) — Hanwha Total Petrochemical Co Ltd said on Monday it plans to spend $331.29 MM on a new factory in South Korea to increase polyethylene output by 400 Mtpy by 2019.

Vietnam fuel distributors to shift to ethanol blend this week

HANOI (Reuters) — Vietnam's biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government program to promote a more eco-friendly fuel.

Shell says fire extinguished at Singapore refinery-petchem plant

SINGAPORE (Reuters) — Royal Dutch Shell said a fire at its Singapore refinery-petrochemical site was extinguished on Sunday and no one was hurt in the incident.

Saudi Arabia to supply full Jan crude volumes to several Asian buyers

TOKYO/SINGAPORE (Reuters) — Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said on Monday.