Asia Pacific downstream news
VTTI acquires 51% interest in greenfield terminal project
VTTI has announced it has acquired a 51% interest in a greenfield terminal project in Pakistan.
Financing secured for Bangladesh's first LNG project
IFC and Excelerate Energy have announced they have secured the financing for Bangladesh's first LNG project in order to expand energy access.
Fuel Tech awarded APC orders
Fuel Tech has announced it has been awarded air pollution control orders totalling US$5 million.
IndianOil and LanzaTech sign Statement of Intent
IndianOil and LanzaTech have signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.
CB&I awarded contract for ethylene expansion
CB&I has announced that it has been awarded a material supply contract for an ethylene expansion project.
Vitol increases shareholding in Hascol
Vitol has announced it has increased its shareholding in Hascol Petroleum Limited, Pakistan, to 25%.
Essar to complete sale
Essar has announced it will complete the Rs 86 000 crore Essar Oil stake sale to Rosneft and Trafigura-UCP consortium.
Phoenix Petroleum opens new terminal
Phoenix Petroleum has announced it has inaugurated its new liquid bulk storage terminal in Cebu.
Asian residual fuel prices narrow
According the US EIA's Today in Energy, low inventories and supply developments are affecting Asian residual fuel oil prices.
CLG announce new technology licenses
Chevron Lummus Global has announced it has been awarded four new technology licenses for a refining and petrochemical complex in China.