Hindustan Petroleum Corporation has rearranged their priorities and will now construct the Rajasthan refinery before the Maharashtra. The Maharashtra facility was originally scheduled to be online by 2016 but HPCL believe it will be more efficient to construct the Rajasthan faciliy with its partners ONGC first.
After reports that CPC Corp., were scrapping plans to build a methyl methacrylate plant at Taichung Port, the Taiwan based company have denied any such cancellation of plans. The company are still looking to invest US$ 343 million in a petrochemicals facility in the region.
Shell is looking to expand the ethylene cracker at its Jurong Island plant. The company is going to spend US$ 3 billion on the project to help increase the production of olefins and aromatics by over 20%. The increase in production capacity will put Shell’s cracker on par with ExxonMobil’s unit which is due to come online before the end of the year.
Hyundai Engineering Co. of South Korea has been implementing a modernisation project at the Murkmenbashi refinery. The US$ 534 million project begun in May of this year and will be completed in May 2015.
Edited from various sources by Claira Lloyd.
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