BP and ZPCC have signed an agreement to explore the creation of an acetic acid joint venture in China.
A five-member team from NUS Engineering, Keppel Data Centres and SLNG will jointly develop a prototype of a new cooling medium that can achieve two key functions: firstly, to efficiently store and carry cold energy from the Singapore LNG Terminal to the various data centres, and secondly, to be circulated within the cooling loop in each data centre to perform effective cooling.
Total China Investment (TCI) will hold a 49% share in the new company while Zhejiang Zheneng Petroleum New Energy (ZZPNE) will hold the remaining.
A report from GlobalData has found that China will contribute 59% of Asia and Oceania’s liquids storage capacity growth by 2023.
Gazprom Neft has established a subsidiary in Singapore to develop its international marine lubricants business.
BEUMER has announced that its bagging technology is to be used in Long Son Petrochemicals’ facility in Vietnam.
GlobalData has reported that global ethylene oxide capacity additions will be led by Asia between 2019 – 2023.
ConocoPhillips has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos.
GlobalData has reported that the Middle East is to propel global acetic acid capacity additions by 2023.
GlobalData has reported that China will contribute 61% to global purified terephthalic acid capacity increases by 2023.