Asia Pacific

INEOS and SINOPEC sign Joint Venture agreement for a brand new petrochemicals complex in Tianjin, China

INEOS and SINOPEC have today announced a new Joint Venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million tonne ethane cracker, expected to come on-stream at the end of 2023, and downstream derivative plants in Tianjin, China.

Axens Achieved the Guaranteed Performance of its First Ethanol-to-Ethylene Atol® Plant with Sumitomo Chemical

In May 2022, Axens have demonstrated the successful start-up of the first ethanol-to-ethylene pilot plant based on Axens Atol® technology with Sumitomo Chemical, which is going on the waste-to-polyolefins project in Japan. At full rollout, this project will attain the production of waste-based polyolefin at industrial scale, representing a step forward towards a circular economy based on renewable carbon.

Meridian's Southern Green Hydrogen Project selects Woodside Energy as preferred partner

Meridian, with the support of Ngāi Tahu, have selected Woodside Energy (Woodside) as the preferred partner to move forward to the development stage of the proposed Southern Green Hydrogen (SGH) project in New Zealand. A final investment decision will follow the development stage.

INPEX Takes FID on Kashiwazaki Clean Hydrogen/Ammonia Project in Niigata Prefecture, Japan

INPEX CORPORATION (INPEX) announced it has taken a final investment decision (FID) on drilling operations and the construction of facilities associated with a demonstration Kashiwazaki Clean Hydrogen/Ammonia Project to be implemented at the INPEX-owned Higashi-Kashiwazaki Gas Field in the Hirai area of Kashiwazaki City, Niigata Prefecture, Japan

Petronet LNG's FSRU project gets FID approval

Petronet LNG has approved plans for a 4.0m t/y floating storage regasification vessel in Ganjam District, Odisha. The FSRU based project could be converted to a land-based option in the future.

Game changing North Queensland Super Hub to power green hydrogen with wind, solar

North-West Queensland is set to become home to one of the State’s largest ever renewable energy projects, with Fortescue Future Industries (FFI) and Windlab to partner on a Super Hub which could generate more than 10GW of wind and solar power and underpin the industrial-scale production of green hydrogen from purpose-built facilities within Queensland.

Share LyondellBasell Spheripol technology selected by Stavian Quang Yen Petrochemical

yondellBasell today announced that its leading polypropylene (PP) technology has been selected by Stavian Quang Yen Petrochemical, Ltd. (Stavian) for a new world scale production facility.

HYRASIA ONE reaches important milestine as it signs Investment Agreement

HYRASIA ONE, a subsidiary of the European cleantech group SVEVIND Energy Group, is planning one of the world’s largest industrial plants for the production of pure green hydrogen in Kazakhstan. The HYRASIA ONE project is thus entering the next, decisive phase. In the presence of Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, and Charles Michel, President of the European Council, representatives of HYRASIA ONE and the Kazakh government signed the Investment Agreement for this lighthouse project in Astana.

Pertamina and Rosneft Push Forward on $24 Billion Grassroots Refinery

Pertamina of Indonesia is moving forward on a significant grassroots refinery in Indonesia’s East Java Province and will be partnering with Russian state energy company Rosneft, even as geopolitical pressures continue to surround Russia. This progress is likely due to the neutral position that Indonesia has regarding the war in the Ukraine.

PETRONAS Declares Force Majeure on Gas Supply to MLNG Dua

PETRONAS has declared Force Majeure (FM) on gas supply to MLNG Dua due to a pipeline leak caused by soil movement at the vicinity of KP201, Sabah-Sarawak Gas Pipeline (SSGP) that occurred on 21 September 2022

Blue Cap Mining partners with LINE Hydrogen for WA's first carbon-neutral mine

LINE Hydrogen, an Australian-owned, independent green hydrogen energy company, has signed a Memorandum of Understanding with Blue Cap Mining Pty Ltd to develop the energy requirements for Blue Cap's Lord Byron Gold Mine in Western Australia. The new mining project will be the first carbon-neutral mine in WA and one of only two active mines in Australia to reach the milestone.

Fluor Awarded Two Contracts for the BASF Zhanjiang Verbund Site Project in China

Fluor announced that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company’s new Verbund program in Zhanjiang, Guangdong province, China. The contract value to Fluor is more than $2 billion and was booked in the third quarter of 2022.

W.R. Grace & Co. to provide new UNIPOL® Polypropylene Technology to Indonesia's TPPI Project

W. R. Grace & Co. (Grace) the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) technology, has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL® PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia. This project will empower PT KPI to increase refinery and polyolefin capacity by addressing the gap between strong demand growth of petrochemicals and the shortage in domestic production capacity.

Technip Energies Awarded an EPCC Contract for YURI Green Hydrogen Project in Australia

Technip Energies, leader of a consortium with Monford Group, has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by Yuri Operations Pty Ltd, to develop Project Yuri Phase 0 project which is a green hydrogen plant in the Pilbara region of Western Australia.

Reliance Industries Announces Five Year Plan for its Oil to Chemicals Business

Reliance Industries Limited (RIL) Chairman Mukesh Ambani spoke at the company’s 45th Annual General Meeting this week, and he outlined some goals for the next five years of RIL’s petrochemical development. Mr. Ambani stated that “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials."

L&T Wins (Large*) Contract from Indian Oil Corporation

IOCL is implementing the Panipat Refinery Expansion (P-25) Project to enhance refining capacity from 15 MMTPA to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run. The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 Project. The RHCU is licensed by Axens (France) with a capacity of 2.5 MMTPA and will upgrade the Vacuum Residue (VR) to high-value commercial products (mainly diesel). The contract is awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.

Technip Energies and Clough to Perform FEED for TotalEnergies Papua LNG Upstream Production Facilities

Technip Energies, leader of a consortium with Clough, has been selected to perform the Front End Engineering Design (FEED) for TotalEnergies’ Papua LNG project’s upstream production facilities in Papua New Guinea.

BPCL Looks to Increase its Petrochemical Portfolio

Bharat Petroleum Corporation Ltd (BPCL) recently announced new strategies around its current businesses in its latest Annual Report, including new unit planning around its currently operating refineries.

Shell and Shenergy form joint venture to develop hydrogen refuelling network in China

Shell (China) Limited and Shanghai Shenergy Innovation and Development Co., Ltd., an affiliate of Shenergy (Group) Co., Ltd., have signed an agreement to form a joint venture, namely Shanghai Shenergy and Shell New Energy Company Limited. Through the new joint venture, the two parties will invest to build a network of hydrogen refuelling stations in Shanghai, Shell’s first hydrogen refuelling network in Asia.

Petrochina Launches $4.52 Billion Complex Expansion

According to Chinese state media, PetroChina has begun a program to expand an existing refinery in south China into an integrated petrochemicals complex. The costs for this expansion was reported to be $44.52 billion USD.

INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion

INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity. The three agreements will significantly reshape INEOS’ petrochemicals production and technology in China.

NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement with ExxonMobil

NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited, a wholly-owned subsidiary of PTT Public Company Limited, Thailand’s largest state-owned, multinational energy company.

Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with a subsidiary of PetroChina Company Limited.

BASF Gives Final Approval for the Construction of the Zhanjiang Verbund Site

BASF SE today gave final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. The project is on schedule. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. BASF will invest up to €10 billion by 2030 to build the new Verbund site.

TotalEnergies Announces New Milestone towards Papua LNG Development

TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities.

NRL Selects Lummus’ Novolen Technology

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a recent contract award from Numaligarh Refinery Ltd. (NRL). The award is for a new 360 KTA polypropylene (PP) unit using Novolen® technology at NRL’s refinery in Golaghat, Assam, India. Lummus’ scope includes the technology license, basic design engineering, training, technical services and catalyst supply.

Bechtel Starts Construction on Taiwan’s Largest LNG Storage Tanks

Today, Bechtel, CPC Corporation, and MRY broke ground on the project to design and build LNG tanks for the CPC Taichung Phase III LNG import terminal in Taichung, Taiwan.

Samsung Engineering wins USD 680 mil EPCC contract from Shell for a gas plant in Malaysia

Samsung Engineering, one of the world’s leading Engineering, Procurement, Construction and Project Management (EPC&PM) companies announced today, that it has received yesterday an Engineering, Procurement, Construction and Commissioning (EPCC) USD 680 mil contract from Sarawak Shell Berhad (SSB), for its OGP (Onshore Gas Plant for Rosmari Marjoram) project in Bintulu, Sarawak, Malaysia. The project will be executed in two phases; a limited scope prior to SSB obtaining its FID for the Rosmari Marjoram project; with all of the remaining scope to be executed after SSB obtains FID.

HIF Global begins approval process for its first carbon neutral eFuels manufacturing facility in Australia

HIF Global, the world’s leading eFuels company, announced today that it has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF Global, filed a Notice of Intent (NoI) with the Tasmanian Environment Protection Authority (EPA) seeking approval for the facility, which will be located in north-west Tasmania.