Asia Pacific downstream news
Sinochem Hongrun Petrochemical to use Honeywell alkylation technology
Hongrun will use Honeywell ionic liquids alkylation technology to produce cleaner-burning fuels.
Axens to supply hydrocracking technology to Shenghong Refining & Chemical
Axens will provide two hydrocracking units for naphtha production at the Chinese petrochemical complex owned by Shenghong Refining & Chemical.
ADNOC exports calcined coke to China for the first time
A major milestone for ADNOC, the first-ever UAE-produced calcined coke shipment has set sail for China.
ExxonMobil signs 20-year LNG agreement with Zhejiang Energy
Zhejiang Energy will receive 1 million tpy of LNG from ExxonMobil for 20 years and is planning to build an LNG receiving terminal.
Global polyethylene capacity growth to be led by Asia and North America
GlobalData has reported that Asia and North America will lead global polyethylene capacity additions by 2023.
SDK Group starts mass production of liquefied carbon dioxide in Oita Petrochemical Complex
Showa Denko Gas Products Co., Ltd. (SGP) has established a new plant to produce liquefied carbon dioxide.
LyondellBasell licenses 1.1 million tpy Hostalen ACP capacity to PetroChina
PetroChina will use LyondellBasell’s Hostalen ACP technology for three petrochemical plants with a total capacity of 1.1 million tpy of HDPE.
Aramco purchases stake in Hyundai Oilbank, South Korea
Saudi Aramco will acquire a 17% stake in South Korea’s Hyundai Oilbank for approximately US$1.25 billion.
Dow and PETRONAS collaborate to cut carbon emissions
Dow will work with PETRONAS Chemicals Group as its first carbon savings contributor to the Dow-International Olympic Committee Official Carbon Partnership.
Asia to contribute 49% of global petrochemical capacity additions by 2030
New report from GlobalData forecasts that Asia will be a major contributor to growth in the global petrochemical industry by 2030.