Asia Pacific downstream news
China to lead growth in global liquids storage capacity by 2023
GlobalData has reported that China will drive global liquids storage capacity growth by 2023, adding 135 million bbl.
China to replace Japan as top LNG importer by 2022
Wood Mackenzie forecasts that China will import more LNG than Japan as early as 2022, making it the largest importer in the world.
INPEX receives Indonesian government approval for Abadi LNG Project.
The Government of Indonesia has approved INPEX’s revised plan of development for the Abadi LNG Project.
China to drive global propylene industry growth
GlobalData reports that China will drive global propylene industry growth between 2019 and 2030.
IndianOil launches two new engine oils
IndianOil has launched two new grades of engine oils for new generation petrol and diesel vehicles.
Grace licenses polypropylene technology to Nayara Energy
Nayara Energy will use Grace polypropylene technology to produce phthalate-free homopolymers at the Vadinar Refinery in India.
LNG demand in South and Southeast Asia to quintuple by 2040
Wood Mackenzie has reported that LNG demand in South and Southeast Asia is to quintuple to 236 million tpy by 2040.
Odfjell SE sells its share of Jiangyin terminal in China
Odfjell Terminals Asia Holding has finalised the sale of its indirect 55% equity interest in Odfjell Terminals (Jiangyin) to Yangzijiang Shipbuilding.
Rotork to supply actuators to Malaysian petroleum terminal
Rotork will supply control network and electric actuators for the Pengerang Deepwater Petroleum Terminal in Malaysia.
World’s largest catalytic dehydrogenation plant successfully started up
The world’s largest catalytic dehydrogenation plant, producing propane and isobutene, has been successfully started up in Liaoning Province, China.