Asia Pacific downstream news
Australia: in line with its discipline on capital allocation, Total reduces its stake in Ichthys LNG by 4%
Total has signed an agreement to divest a 4% interest in the Ichthys LNG project in Australia to operating partner INPEX for an overall consideration of US$1.6 billion.
Singapore LNG seeks EOIs for storage tank
The EOI should contain an indicative price offer and a proposal for how the tank could be used.
Qingdao Port International inaugurates crude oil terminal and storage tank
The opening ceremony for each facility was held at the Qingdao Port International Crude Oil Trade Development Conference 2019.
Neste makes major renewable products investment in Singapore
The investment of approximately €1.4 billion will increase the company’s overall Singapore capacity by up to 1.3 million tpy.
SABIC and JSMC renew partnership in Saudi Methanol Company
SABIC will raise its stake in Ar-Razi to 75%, purchasing 50% of JSMC’s share.
Pertamina ready to work on the Bontang refinery project
PT Pertamina (Persero) and Overseas Oil & Gas (OOG) are committed to running the grass root refinery (GRR) project or the construction of a new refinery in Bontang.
Thousands of Rotork electric actuators installed at Chinese oil refinery
More than 2500 Rotork IQ3 electric actuators have been installed at a Chinese oil refinery and petrochemical complex.
Tokyo Gas and First Gen sign LNG receiving terminal agreement in Philippines
The companies will jointly develop, construct and operate the terminal.
130 LNG tank containers shipped to China
The tanks, manufactured by CIMC ENRIC, were the surplus capacity of the Hainan terminal.
Total Corbion PLA starts up bioplastics plant in Thailand
The 50/50 JV’s plant produces PLA resins from sugarcane.