Asia Pacific downstream news
Linde awarded contract for largest LNG plant in China
The plant will have a nameplate capacity of 750 000 tpy of LNG.
Asia to dominate global LNG regasification CAPEX and capacity additions to 2022, says GlobalData
Asia is expected to be the major contributor to the growth of global LNG regasification capacity between 2018 and 2022, according to a GlobalData report.
Jiangsu Honggang Petrochemical to use INVISTA technology for new PTA line
This is the first time that INVISTA and Honggang would be collaborating to build PTA assets.
GC purchases 49% of shares in chemical company RGL
The announcement comes as part of a comprehensive investment plan and value-added approach to GC’s products.
Herbert Smith Freehills advises China's ENN on billion-dollar acquisition of US LNG supply
Leading global law firm Herbert Smith Freehills has advised China energy major ENN on its first acquisition in the US LNG market.
Global LPG outlook hinges on China, says ESAI Energy
Newly published report holds that, amid sustained supply growth, the market will tend toward oversupply.
Fearing the future
Ng Weng Hoong, Contributing Editor, considers Asia’s economic outlook in the face of the rising oil cost, surging US dollar, and geopolitical upheavals.
Wanhua to use Honeywell technology at propane plant
Technology to provide prescriptive monitoring of propane-propylene conversion unit at Shandong Province plant.
Mitsubishi HPS receives order for flue-gas desulfurisation systems
The project aims to use FGD systems to reduce emissions of sulfur oxide and soot dust, helping to clear and reduce air pollutants in India.
What next for the oil market as the US reimposes sanctions on Iran?
According to Wood Mackenzie, the oil market faces a precarious few months. The imposition of US secondary sanctions on Iranian exports today is the critical factor behind Brent’s rally to over US$80/bbl in October. There is enough supply to meet demand this winter, but the margin for error is narrow.