Asia/Pacific
Thailand's Bangchak reviewing refinery upgrade plan
Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.
S.Korea's LG Chem to double ABS output at Chinese petrochemical plant by 2018
LG Chem Ltd. will invest $100 MM to double output of lucrative acrylonitrile, butadiene and styrene (ABS) plastics at its joint venture plant in China by 2018.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
China firm seeks state financing for $5.5-B Caribbean oil project
Commodity trader Guangdong Zhenrong Energy Co. is in talks to secure funding for a $5.5-B plan to upgrade a Caribbean oil refinery and build a natural gas terminal, giving China a foothold in a strategic oil hub.
Idemitsu says still unable to talk to founding family on Showa Shell takeover
Japanese refiner Idemitsu Kosan Co. said it was still unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu.
Shell-CNOOC JV to assume ownership of new petrochemical complex
Shell Nanhai B.V. and China National Offshore Oil Corporation’s 50:50 JV has officially assumed ownership of CNOOC’s ongoing project to build an ethylene cracker and several derivatives units, after receiving all the necessary government approvals.
DuPont MECS DynaWave scrubbers to be used in Petronas’ RAPID refinery
DuPont MECS DynaWave technology has been selected for the installation of three custom-engineered scrubbing systems for sulfur dioxide removal at Petronas’ RAPID Project refinery in Pengerang, Southern Johor, Malaysia.
Chevron Wheatstone LNG cost blowout to $34 B hits Woodside
Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.
China refineries gobble up Angolan oil in rush to year end
China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production.
S.Korea's SK Innovation sees firm refining margins on tighter market
SK Innovation Co., which owns South Korea's largest refiner, expects refining margins to remain firm in 4Q due to low oil product inventories and seasonal demand.
- Sherwin-Williams unveils new advanced energy barrier that eliminates threat of corrosion under insulation 6/26
- SIBUR develops new polyethylene grade for beverage packaging 6/26
- IGS launches Rovex, a next-generation robotic cleaning technology for fired heater efficiency 6/26
- A comprehensive technical evaluation of polypropylene technology platforms 6/26
- Sasol and Topsoe to refocus SAF partnership as Zaffra JV prepares for wind-down 6/26
- Indonesia sets 3-month transition period for B50 biodiesel program 6/26
