Asia Pacific downstream news

Alfa Laval has won an order to supply compact heat exchangers to a refinery and petrochemical plant in China.

The project is Valvoline’s first plant in China. Fluor booked the undisclosed contract value in 4Q18.

McDermott International, Inc. has announced that it has been awarded a technology contract by PT Chandra Asri Perkasa.

Toyo Engineering Korea Limited (Toyo-Korea), a Korean subsidiary of Toyo Engineering Corporation has been awarded engineering, procurement and construction project.

The facility is expected to be in-service in mid-2023.

Award includes detailed engineering of ethylene cracking heaters at the CAP2 plant.

Japan was the third largest contributor to crude oil refining capacity in Asia with 3.519 million bpd in 2018.

Rui Hou, Wood Mackenzie, comments on China's crude oil and refining outlook.

The company plans to break ground for the regasification and receiving terminal in 2019, with commercial operations targeted to start by 2023.

The country’s total refining capacity is forecast to increase at an AAGR of 4.5% in 2023.