Asia Pacific downstream news

ExxonMobil is expanding the Singapore complex’s ability to upgrade product slate to higher-value lube base stocks and distillates.

The methanol plant, which will be located in Bintulu, Sarawak State, Eastern Malaysia, will come into operation in 2023.

MHI’s new President and CEO Seiji Izumisawa spoke at length about the firm’s ethos, and its business aspirations for the future.

A further development in the company’s relationship with Sinochem, Wood will provide project management and EPCM services.

The 105 000 bpd RHDS unit started up in May 2018 and passed performance guarantees in December 2018.

Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030.

This project represents the 10th Hostalen ACP line licensed in China.

The largest reactor of its type has been built by the American multinational at the PetroChina refinery in Jilin, China.

GlobalData forecast that China and Nigeria will drive capacity growth in the global refinery CDUs industry over the next four years.

1.89 million bpd of coking units capacity will be added globally by 2023 from new-build and expansion projects.