Asia/Pacific
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
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
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
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.
Business Trends: Insights from the 2020 Worldwide Fuels Refinery Performance Analysis
The author’s company recently completed its data analysis for the <i>2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).</i>
History of the HPI: The 1950s: Capacity expansion, HDPE/PP, polycarbonate, computers and rocket science
The 1950s marked an evolution in the use of oil by nations around the world.
Business Trends: The economics of reliability: Global chemicals
Chemical manufacturers worldwide are navigating an inflection point. Following the pandemic-fueled demand crash of 2020, a strong but stilted recovery unfolded in 2021.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
