Asia Pacific downstream news
Tanglawan Philippine LNG receives DOE NTP approval for terminal
The company plans to break ground for the regasification and receiving terminal in 2019, with commercial operations targeted to start by 2023.
China to account for 44% of Asia’s crude oil refining capacity in 2023, says GlobalData
The country’s total refining capacity is forecast to increase at an AAGR of 4.5% in 2023.
Kemira forms chemicals JV in South Korea
NewCo will produce dry polyacrylamide and cationic monomer A9 among other chemicals.
BP to expand petrochemical presence in South Korea
BP and Lotte have agreed a major expansion of production capacity at their JV Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
China and US lead global ethylene capacity additions by 2026, says GlobalData
Around 140 planned and announced plants are scheduled to come online during the forecast period.
McDermott awarded EPC contract for fuel tanks in Australia from Puma Energy
Onsite work is scheduled to commence in the first quarter of 2019 with completion scheduled for the third quarter of 2020.
Grace licenses polypropylene technology to Hanwha Total Petrochemical
UNIPOL PP Process Technology will be used for a new 400 000 tpy facility in Daesan, South Korea.
Sinopec forecasts 50% jump in 2018 profit
The group’s refined oil sales reached 40 million t for the first time, while chemicals marketing volume also rose from the previous year.
Wison Group enter light hydrocarbon project in Tianjin
Wison (China) Holding Company and Tianjin Development Zone Administrative Committee officially entered into an 'Investment and Cooperation Agreement on Light Hydrocarbons Comprehensive Utilization Project'.
Major LNG buyers’ uncontracted demand to quadruple by 2030, says Wood Mackenzie
Demand from the world’s seven largest LNG buyers could reach 80 million tpy by 2030.