Asia Pacific
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.
State Power Investment Corporation and Templewater sign Strategic Cooperation Agreement for Green Hydrogen in the Greater Bay Area
Coinciding with the 25th anniversary of Hong Kong's return to the motherland, State Power Investment Group Overseas Investment Co., Ltd. ("SPICOC") and Templewater Group held a virtual signing ceremony to sign a green hydrogen supply (hydrogen energy transportation) strategic cooperation agreement. At the ceremony, the two parties will use hydrogen energy transportation as the starting point, to seize the development opportunities of the hydrogen energy industry, and jointly promote the demonstration and industrial cooperation of Hong Kong's green hydrogen supply and zero-carbon transportation.
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.
Keppel to develop Singapore’s first hydrogen-ready power plant, with construction undertaken by Mitsubishi Power Asia Pacific and Jurong Engineering consortium
Keppel Infrastructure Holdings Limited (Keppel Infrastructure), through its wholly owned subsidiary Keppel Energy, has reached final investment decision (FID) to develop a 600MW state-of-the-art, advanced combined cycle gas turbine (CCGT) power plant, and has awarded an engineering, procurement and construction (EPC) contract to a consortium comprising Mitsubishi Power Asia Pacific and Jurong Engineering for the construction of the plant.
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.
NTPC REL and GACL to collaborate in Renewable Energy and synthesizing Green Chemicals
n order to realize green energy and green hydrogen objectives and the GOI’s efforts towards carbon-neutrality economy, a Memorandum of Understanding (MoU) signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on 6th July’2022 at New Delhi. The MoU was signed by Shri Harshad R Patel, IAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.
China Gas and NextDecade Sign 20-year Long-Term LNG Agreement
China Gas Holdings Limited, a leading natural gas operator in China, has announced that its wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD and Rio Grande LNG, LLC, a subsidiary of NextDecade Corporation, have signed a LNG sale and purchase agreement (SPA).
Ceres and Shell sign agreement for green hydrogen
Ceres, a global leader in fuel cell and electrochemical technology, is pleased to announce that it has signed an agreement with Shell to deliver a megawatt scale solid oxide electrolyser (SOEC) demonstrator in 2023. Shell and Ceres are building this partnership to utilise SOEC technology to deliver high-efficiency, low-cost green hydrogen; now widely viewed as a credible route to decarbonise hard-to-abate parts of the energy system that rely on fossil fuels today.
CQ-H2 project receives $15m funding for FEED Study
The Queensland Government has committed $15 million from the Queensland Renewable Energy and Hydrogen Jobs Fund to support Stanwell to progress the Front End Engineering and Design (FEED) study for the CQ-H2 renewable hydrogen project
Southland hydrogen moves ahead with final partner selection
Two Australian companies, Woodside Energy and Fortescue Future Industries (FFI) have entered final stage negotiations to become lead developer of the world’s largest green hydrogen production facility in Southland.
LG Chem to Produce and Run NCC Plant on Hydrogen
LG Chem announced its plan to produce hydrogen as a key component of its long-term 2050 Net Zero corporate sustainability goal. Aligned with this goal, South Korea’s largest chemical company said it would establish a plant in Daesan, Korea, with the capacity to produce 50,000 tons of hydrogen annually by the second quarter in 2024. This plant will be the first LG Chem site to produce pure hydrogen, apart from those earned as off-gases.
bp to lead and operate one of the world's largest renewables and green hydrogen energy hubs based in western Australia
bp today agreed to acquire a 40.5 per cent equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen hubs in the world.
Adani and TotalEnergies to create the world's largest green hydrogen ecosystem
Adani, India's fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world's largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL).
