Mid January: Asian downstream news
China
In December 2012 crude throughput in China hit a record of 9.24 million bbls. The figure is up 4% yoy. In November, the country processed 9.22 million bbls. The figures align with the fact that both Sinopec and PetroChina were running all their refining facilities at full capacity throughout the month.
India
A fire that broke out at Indian Oil Corporation’s Guwahati refinery did not cause major damage or any major casualties. The fire was caused by a leak from a storage tank containing off spec products. The fire did not affect operations.
Malaysia
San Miguel Corp are on the right track to acquire 65% of ExxonMobil’s stake in Esso Malaysia Bhd. The businesses currently owned by ExxonMobil in Malaysia include service stations and a refinery in Port Dickson.
Myanmar
Guangdong Zhenrong Energy of China is currently looking for areas in Myanmar to build a new refinery. The company are looking to construct a 100 00 bpd facility at the cost of US$ 2.5 billion. The current favoured location is in Dawei. It has been estimated that the facility will be online in 2015.
South Korea
Honeywell UOP has been selected by Kumho P&B Chemicals to supply technology to help the company produce petrochemicals that are key in the production of plastics. The Q-Max™ and Phenol™ technologies have been selected for installation at the Yeosu facility.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/18012012/mid_january_asian_downstream_news11/
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