Asia Pacific downstream news

Petrovietnam Refining and Petrochemical Corp. (BSR) have exchanged a Framework Agreement for crude oil purchases with ExxonMobil Asia Pacific, an affiliate of ExxonMobil, opening a new avenue of cooperation in feedstock supply for Dung Quat Refinery.

Expanding energy demand and energy security concerns to drive liquid storage capacity additions in the region, GlobalData has reported.

MAIRE has announced that Tecnimont has been awarded a front-end-engineering design (FEED) and open book cost estimation (OBCE) contract for a petrochemical project located in Asia.

Shell has officially inaugurated its Grease Manufacturing Plant in Indonesia, with a production capacity of up to 12 000 tpy.

CB&I and AG&P Industrial have completed and commissioned two 60 000 m3 full containment LNG storage tanks at the LNGPH Ilijan LNG facility in the Philippines.

Clariant, in partnership with Lummus Technology, has announced that it has been awarded a contract by Zhejiang Petroleum & Chemical Co. Ltd to supply its CATOFIN™ catalyst and HGM for a new propane dehydrogenation unit in Zhejiang Province, China.

Aster has announced the official launch of Aster Port & Terminals (APT), its new storage and logistics business, bringing together Aster’s extensive marine, terminal, and storage infrastructure in Singapore and opening the platform to commercial customers.

Shell Pilipinas Corp. is progressing with a terminal expansion in Cebu, strategically located in the Visayas, the Philippines, to strengthen the availability of energy products and enhance supply chain resilience.

Asia is expected to lead global conventional refinery capacity additions during 2026 to 2030, supported by a large pipeline of new build and expansion projects, GlobalData has reported.

Clariant has announced the official launch of two new research and development laboratories for its Additives business in China: one at the Daya Bay production site in Huizhou and one at the One Clariant Campus (OCC) in Shanghai.