Asia Pacific
Exxon’s Huizhou Petrochemical Complex Moves Ahead with Sinopec
State-owned Sinopec Engineering of China has signed on to Exxon’s planned Huizhou petrochemical complex in Huizhou, China for basic design, engineering, procurement and construction work. This contract covers the initial phase for this complex.
W.R. Grace Licenses its UNIPOL PP Process Technology for Uzbekistan’s MTO Complex
W.R. Grace of Maryland recently announced that it has indeed licensed its UNIPOL PP Process Technology to Enter Engineering of Singapore for the upcoming Methanol to Olefins (MTO) Gas Chemical Complex in the Bukhara region of Uzbekistan.
Indian Oil Corporation contracts Technip Energies for Barauni Refinery Upgrade
Technip Energies has recently been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract for Indian Oil’s expansion project at the Barauni complex in eastern India, named the BR9 expansion. The contract value was not specified, but it was deemed as a “significant” project, which Technip classifies as a contract between €50 million and €250 million.
Malaysia doubles floating capacity
Petronas, Malaysia’s fully integrated oil and gas company, has shipped its first cargo from its second floating LNG (FLNG) vessel. The 1.5m t/y PFLNG II project incorporating the 173,460cm PFLNG Dua loaded a cargo onto the 150,000cm Seri Camar LNG carrier operated by MISC Berhad, a subsidiary of Pe..
Hydrogen – data telling a story
The Global Energy Infrastructure (GEI) team held a webcast earlier in March which looked at trends in traditional and new energy markets which reveals major trends in global energy markets.
On the road to net zero
The Global Wind Energy Council has released the 16th edition of its <i>Global Wind Report 2021</i>.
First Australian imports in the pipeline
Jemena has signed a deal with Australian Industrial Energy (AIE) to connect Australia’s first LNG import terminal to a major gas pipeline.
Total expanding solar efforts
With news this week that Total announced the construction start-up of its fourth solar power plant in Japan.
Refinery Closures in Australia to Force Even More Import Reliance
BP is scheduled to shut in its long running 146,000 barrel per day Kwinana refinery in Western Australia by the end of March.
Ratnagiri Refinery Could be on the Move Again
The large $44 billion Ratnagiri Refinery project under planning in India has once again been discussed as a candidate for moving its potential location, this time away from the Nanar village in the Ratnagiri district.
Canadian Solar completes 61MWp solar portfolio sale in Japan and deepens partnership with Canadian Solar
Canadian Solar Inc. announced today that it has completed the sale of two operational projects totaling 61 MWp to Canadian Solar Infrastructure Fund for JPY 30.6 billion (approximately US$283 million). To finance the acquisition of the 53 MWp Oita Hiji-machi and 8 MWp Miyagi Ogawara projects, CSIF recently completed an international public offering and raised over JPY 18 billion (US$166 million) on the Tokyo Stock Exchange. Canadian Solar participated in this transaction and continues to own approximately 15% of CSIF. Additionally, CSIF issued over JPY 19 billion (US$175 million) of long-term debt to maintain its capital structure. These transactions affirmed CSIF as one of the largest listed infrastructure funds in Japan with over JPY 80 billion (US$740 million) of operational solar assets under management.
What technology is shaping the solar markets?
The Global Energy Infrastructure solar database is dominated by two types of technology: Concentrated Solar Power (CSP) and Photovoltaic (PV).
Solar Philippines Biga Corporation two gigawatts solar plant
Solar Philippines Biga Corporation is planning to build a large 2 gigawatts solar plant in Nasugbu, Batangas, 115 kilometres south west of Metro Manila, Philippines. It is planning to combine the solar plant with a 6 gigawatts battery energy storage system and 600 megawatts diesel backup
350 MW PV Plant with Sungrow Inverter Solution Comes Online in Vietnam
Sungrow, the global leading inverter solution supplier for renewables, announced the commercial operation of a 350 MW solar farm - the largest solar plant in Southeast Asia, with the Company’s 1500V 6.25 MW turnkey inverter solution in Vietnam’s Loc Ninh County, Binh Phuoc Province, boosting the national development towards sustainable and decarbonized economic growth
Shell's outlook on LNG's future
Global LNG trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook, despite the unprecedented volatility caused by the Covid-19 pandemic.
Integrated Complex for Indonesia Picks Up New Contract with Shell
Pertamina and Rosneft joint venture, PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRPP), has reportedly let a contract to Royal Dutch Shell’s Shell Catalysts & Technologies to cover technology licensing and basic engineering services in late February. This work is intended for PT PRPP’s upcoming integrated refinery and petrochemical complex to be placed in Tuban, Indonesia.
Northland Power investing heavily
Northland Power could invest C$20 billion in offshore wind in the next five years. As part of this it also aims to increase its position and footprint in Asia. Current development activities are focused on the giant Hai Long project in the Taiwan Strait, 50-70km off Changhua county. Construction is..
New Zealand Could Lose its Final Refinery
Refining NZ of New Zealand was recently reported in saying that its Marsden Point Refinery in Northland is under consideration for conversion into an import terminal by 2022. This would leave the country with no known refining capacity.
Exxon Expected to Close its Altona Refinery in Australia
Exxon Mobil announced on February 9th that it plans to shut in production at its long-running Altona refinery in Victoria. This decision comes as the country’s refiners continue to deal with low demand.
India's giant offshore addition
Hoegh LNG has completed and signed all documentation for its 10-year charter with H-Energy. Following a binding commitment signed in November 2020, Hoegh LNG has selected the 170,000cm Hoegh Giant to serve as the FSRU at the Jaigarh port in Maharashtra, on India’s west coast. The 4.0m t/y Jaigarh [..
Chevron Lummus Global Awarded Contract for NRL Expansion Project
Scope includes technology license, basic engineering services, proprietary equipment and catalyst supply, training and technical services Award highlights the third licensed unit in India employing CLG's LC-FINING platform Plant to upgrade vacuum residue and clarified oil from existing and new units
Australia – Time to think big
The thought of powering large cities using renewable energy is not new.
LyondellBasell and Sinopec Finalize JV for PO/SM Plant in China
LyondellBasell announced on the 26th of January that it has signed an agreement with Sinopec of China for the formation of a 50:50 joint venture for the specific purpose of installing a propylene oxide (PO) and styrene monomer (SM) project in China's domestic market. Plans for this operation actually began back in late 2019.
Data is king, integration is queen
Harnessing the power of data science and real-time intelligence offers a powerful single view of the market Few people know that data intelligence firm Kpler’s journey actually started in 2014, when the founders were told by an LNG trader: “I receive many proposals for ship-tracking software, but I don’t care about the ships. I care about cargoes into them, their volumes and the commercial information related to them”.
BPCL Places Polyol Plant in Kochi on Hold
According to recent reports, Bharat Petroleum Corporation Ltd (BPCL) has placed a planned polyol production plant on hold at the Kochi facilities in Kerala. The company has been undergoing a privatization process and has ceased progress on this plan until it is settled.
Refinery Closures Continue as Imports Grow in Australia
BP’s Kwinana oil refinery, the largest in Australia with a capacity for 146,000 barrels per day, is expected to shut in its production this year, resulting in a reduction of over one-fifth of the country’s fuel production ability. Once production is shut in, BP plans to convert the facility into an import terminal for a country growing increasingly reliant upon imported fuel.
Total announces the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group
Total announces the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform - and Total, in the transition and green energy fields in India. The investment in AGEL is another step in the strategic alliance between Adani Group and Total, which covers investments in LNG terminals, gas utility business, and renewable assets across India. This is in line with the commitment of both Adani and Total to be leading participants in the sustainable economy of the future and help India in its quest for development of renewable energy.
Prelude FLNG finally returns
LNG cargoes have resumed from Shell’s floating LNG (FLNG) facility, offshore Western Australia.
UAE Energy Minister believes oil demand could recover by the end of 2021
According to recent reports, United Arab Emirates Energy Minister Suhail al-Mazrouei has commented on a potentially updated timeline for a return to form for global oil demand. He believes that global demand will make a somewhat optimistic return to pre-pandemic level by the end of 2021 or early 2022.
Wood secures $120 million contract for ethylene expansion in China
Wood has secured a contract valued at over $120 million with Sinopec Hainan Refining and Chemical Limited Company (Sinopec) to provide engineering, procurement and construction (EPC) services to expand its refinery development in the Hainan Free Trade Zone (FTZ) in South China.
