Asia Pacific downstream news

Par Pacific will purchase certain units from IES following IES's announcement of the cessation of their refining operations.

Research by IHS Markit suggests that global MMA demand is increasing as supply becomes increasingly constrained.

LSP has awarded a contract to TechnipFMC for the construction of Vietnam's first olefins plant.

Moheshkhali floating LNG terminal has commenced operations in the Bay of Bengal.

Reuters reports that the Malaysian state energy firm is seeking acquisitions in a bid to expand its specialty chemical business.

A wave of private investment in new integrated plants is set to reduce China's reliance on regional paraxylene imports.

The company’s latest report forecasts that the global propylene capacity is poised to see considerable growth over the next nine years from 121.3 million tpy in 2017 to 148.1 million tpy in 2026.

Earlier this year, Union Tech was awarded a contract to install Z4 rising-stem ball valves and paired actuators in Nanjing Chengzhi Yongqing Energy Technology’s 600 kilotonnes per annum methanol-to-olefins (MTO) project.

The new facility in Sydney features a revamped 2 MW engine test cell with an improved acoustic attenuation and an increased crane capacity.

Vietnam’s Ministry of Industry and Trade released a statement on Monday saying it will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel “soon”.