Asia Pacific downstream news

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.

The region also has the highest CAPEX for new-build and capacity expansion projects.

Phu My Plastics Production JSC to become first in Vietnam to use Honeywell’s Oleflex™ propane dehydrogenation technology.