Asia and Pacific Rim: Mid January update
Australia
Australia’s biggest refiner, Caltex Australia Ltd., half owned by Chevron Corp. announced on 13th January that it was restarting its Queensland refinery. The facility suffered during the floods that have hit Australia in recent weeks.
Bahrain
On 18th January Sheikh Abdulla bin Hamad Al Khalifa, head of the Public Commission for the Protection of Marine Resources and Wildlife opened Bahrain’s newest refinery. This US$ 9 million facility will refine used lubrication oil and has the capacity to process 36 000 tpy.
China
Royal Dutch Shell is looking to acquire a 30% stake in CNOOC’s newest Huizhou refinery project. CNOOC is constructing a US$ 7.5 billion facility which is expected the come online in 2014. The plant is going to have a processing capacity of 10 million tpy and an ethylene production capacity of 1 million tpy.
India
The Indian Ocean island of Mauritius is in talks to construct a US$ 2 billion refinery on the island. The nation is currently discussing plans with Mangalore Refinery and Petrochemicals Limited. The facility will potentially process African crude to be distributed in India.
South Korea
GS Caltex Corp. are hoping to restart its refinery at the Yeosu Industrial Complex by 20th January. The facility shutdown on 16th January after a power failure in the region. Crude distillation units were restarted on 18th and the process of restarting the rest of the facility is on track. It has been reported that the company lost US$ 27 million due to the production shutdown.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/19012011/asia_and_pacific_rim_mid_january_refinery_update/
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