Petrochemicals

“Strategic rethink” of business models, operational practices needed: Thailand Ministry of Energy

Thailand currently stands as a “beacon of economic dynamism” in Southeast Asia, but rapid technological disruptions and shifting consumer preferences have drawn emphasis to stakeholders on the need to embrace change and proactively shape the refining and petrochemicals landscape, said Dr. Weerawat Chantanakome, Ministry Councillor and Senior Advisor for International Affairs in Thailand’s Ministry of…

“Strategic rethink” of business models, operational practices needed: Thailand Ministry of Energy

Dr. Weerawat Chantanakome, Ministry Councillor and Senior Advisor for International Affairs in Thailand’s Ministry of Energy speaking at ADS & ARTC Roadshow in Thailand on ...

Islamic Development Bank approves $225 million, financing new development projects in energy & infrastructure

The Islamic Development Bank (IsDB) has approved approximately US$225 million to finance new development projects in member countries. The Board of Executive Directors, chaired by ...

Technip Energies, JGC and NPCC receive limited notice to proceed for Ruwais LNG project

Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement ...

TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years

TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery ...

Air Liquide to invest over $72M for new plant in Singapore

Air Liquide has announced its investment of over 50 million Euros (SGD 72.5 million) to build a new plant in Singapore, as well as revamp ...

Takayuki Matsubara to come onboard as CEO of KBC

KBC (A Yokogawa Company) has announced the appointment of Mr. Takayuki Matsubara as its new Chief Executive Officer and member of the KBC board of ...

Chevron Lummus Global and Hongrun Petrochemical commission world’s largest all-hydroprocessing white oil unit

Chevron Lummus Global LLC has announced the successful commissioning of the world's largest white oil hydroprocessing unit for Hongrun Petrochemical Co., Ltd. in Weifang, Shandong ...

LG Chem and Enilive undertake joint venture in South Korean biorefinery

LG Chem and Enilive have signed a joint venture agreement for a new biorefinery in South Korea. The agreement was signed in Rome by Eni ...

Reliance Industries becomes first in India to use Chemical Recycling for Circular Polymers

Reliance Industries Limited (RIL), operator of the world's largest integrated refining and petrochemical complex, has become the first Indian company to chemically recycle plastic waste-based ...

Bharat Petroleum invests SGD806 million in polypropylene production

Bharat Petroleum Corporation Limited (BPCL) has announced an investment of Rs. 5044 Crore (SGD806 million) in a Polypropylene (PP) Unit at Kochi Refinery, responding to ...

Cleaner Energy Initiatives for Downstream Business, says PETRONAS

PETRONAS has released its 2024-2026 Activity Outlook, outlining forecasted activities which call for greater collaboration with the Oil and Gas Service and Equipment (OGSE) providers ...

Asian Downstream Summit sees increased focus on downstream sector’s decarbonisation drive

The annual Asian Downstream Summit and co-located Asian Refining Technology Conference were held last week at the Sands Expo & Convention Centre in Singapore, as ...

Aramco and ENOWA to develop first-of-its-kind e-fuel demonstration plant

Aramco, a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish ...

Anuj Jain steps up as IndianOil’s Director of Finance

Mr. Anuj Jain has taken over as Director (Finance) on the Board of Indian Oil Corporation (IndianOil). Prior to this appointment, he was serving as ...

SLNG to develop, own and operate second LNG terminal in Singapore

To help meet the country’s energy needs and further enhance its energy security, Singapore LNG Corporation Pte Ltd (SLNG) will be developing and eventually operating ...

Return of the “Octane Barrel”?

Gasoline cracks and octane premium (see Figure 1) values are at an all-time high due to a combination of post-covid recovery and various geopolitical factors. ...

Aramco and Eastern Shenghong sign cooperation framework agreement

Aramco and Jiangsu Eastern Shenghong Co., Ltd. (“Eastern Shenghong”) today signed a cooperation framework agreement to facilitate discussions relating to the possible acquisition by Aramco ...

Singapore hosts world’s first bulk liquified hydrogen carrier

Singapore recently welcomed the world’s first bulk liquefied hydrogen carrier, Suiso Frontier, on 31 August 2023. The vessel was berthed at the Shell Energy and ...

Pertamina pledges commitment to high-quality, environmentally-friendly refinery products

PT Kilang Pertamina Internasional (KPI), a Pertamina Subholding for refining and petrochemical business, has stated its commitment to producing high-quality refined products that are more ...

Eni and LG Chem team up for biorefinery in South Korea

The sustainable mobility unit of Italy's Eni and petrochemicals maker LG Chem have teamed up to explore the potential development of a biorefinery in South ...

Grace Launches New PARAGON FCC Catalyst Technology

PARAGON fluid catalytic cracking (FCC) catalyst is the latest innovation from W. R. Grace, incorporating a novel, rare earth-based, Vanadium (V) trap into the highest ...

INEOS and SINOPEC complete major petrochemicals deal in China

INEOS has recently completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is ...

Pertamina continues SAF development

Indonesia’s Pertamina has decided to continue developing environmentally friendly fuel innovations, which include Sustainable Aviation Fuel (SAF) development for commercial aircrafts. This follows a series ...

IOCL chooses McDermott for Petrochemical Expansion Project

McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene ...

ENEOS, Aramco, and Idemitsu Kosan to Collaborate on Synthetic Fuels

ENEOS Corporation has announced that it has signed a Memorandum of Understanding on collaboration in synthetic fuels with Aramco and Idemitsu Kosan Co., Ltd. The ...

ADNOC and OMV to enter talks regarding chemicals giant JV

Abu Dhabi National Oil Co (ADNOC) has announced its plans to enter negotiations with OMV to create a chemicals giant by combining two entities in ...

Aramco completes $3.4bn purchase of Rongsheng Petrochemical stake

Aramco has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. for RMB 24.6 billion ($3.4 billion), through its ...

Air Liquide announces new advanced materials centres across Asia

Air Liquide has announced close to 200 million US dollars’ worth of investment in two advanced material production centres in Taiwan and South Korea, to ...

GC expands production capacity in Asia with Matrix Polymers

PTT Global Chemical Public Company Limited (GC) has expanded into the specialty chemicals sector in a bid to respond to the changing needs of customers. ...

Aramco and TotalEnergies award contracts for $11 billion Amiral project

Aramco and TotalEnergies have awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion "Amiral" complex, a future world-scale petrochemicals facility expansion at the ...

Neste expands Singapore refinery, establishes SAF supply chain to Changi Airport

Neste recently celebrated the opening of their refinery expansion in Singapore, after completion of the EUR 1.6 billion Singapore Expansion project. This comes after the ...

S-OIL appoints Anwar Al-Hejazi as new CEO

S-Oil Corporation has recently appointed Anwar A. Al-Hejazi, former CEO of Aramco Asia, as the Company’s new Representative Director & CEO. Saudi-born, Al-Hejazi majored in ...

Shell to stop biofuel and base oil projects in Singapore

Petrochemicals giant Shell is stopping the exploration of two projects in Singapore. The projects are a biofuels unit and a Group II base oil plant, ...

Vietnam’s Binh Son refinery to delay maintenance

Vietnam’s Binh Son Refining and Petrochemical plans to delay maintenance at its refinery until next year on expectations of lower profits due to rising cost, ...

PT Pertamina announces $3.8B profit in 2022

Indonesian state energy company PT Pertamina recently announced a record positive performance in 2022, with a net profit of US $3.8 billion – an 86% ...

Aramco JV HAPCO breaks ground on new refinery and petrochemical complex

A ground-breaking ceremony recently took place for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture ...

Corrosion no more: PETRONAS introduces Proshield+

PETRONAS recently launched Proshield+, a product aimed at addressing perennial corrosion-related pain points that compromise asset integrity. Formulated using graphene material, ProShield+ is a paint ...

Philippines now open to PETRONAS thanks to Phoenix Petroleum Partnership

PETRONAS and Phoenix Petroleum have signed a Memorandum of Understanding (MOU) to jointly explore a partnership opportunity in the Philippines in the area of downstream ...

Malaysia’s PEC to finalise investment decision on Johor petchem complex

Malaysia’s Pengarang Energy Complex Sdn BHD (PEC) will make a final investment decision (FID) on its petrochemical project in Johor in the second half of ...

SCG Chemicals faces delays in plans to begin production at Vietnam plant by mid-2023

Thailand petrochemical major Siam Cement Group has announced plans to start commercial production at Long Son Petrochemicals, its unit in South Vietnam by mid-2023. The ...

South Korean President and Aramco CEO attend S-OIL’s $7bn Shaheen groundbreaking

South Korean President Yoon and Aramco President & CEO Amin H. Nasser recently attended the groundbreaking ceremony for the $7 billion Shaheen petrochemical project in ...

Commentary: We’re advancing, but more must be done for our female engineers

Who run the world? If you know your pop music, the correct answer would be an enthusiastic “Girls!” thanks to Beyoncé, but the reality is… ...

ADS & ARTC 2023 Call for Papers now open

This year, the Asian Downstream Summit and Asian Refining Technology Conference are back and better than ever! With a focus on the milestone of reduced ...

Vietnam’s Nghi Son to shut for scheduled maintenance

Vietnam’s largest refinery, Nghi Son Refinery and Petrochemical will be closed for major maintenance, the Ministry of Industry and Trade said. The shutdown will start ...

Kuraray set to start operations at Thai butadiene plant

Kuraray GC Advanced Materials has completed the construction of a new production facility for butadiene derivatives in Thailand. The plant is set to start operations at ...

Exxon to sell Esso Thailand to Bangchak Corp

ExxonMobil has reached an agreement with Thai refiner Bangchak Corp to sell its interest in Esso Thailand, which includes the Sriracha Refinery in a deal ...

Axens and Praj Industries Limited sign MoU for Sustainable Aviation Fuel (SAF) projects in India

Axens and Praj have signed a Memorandum of Understanding (MoU) to work jointly on projects in India for production of Sustainable Aviation Fuel (SAF) from ...

PETRONAS, ExxonMobil sign CCS project development agreements

Emry Hisham (seated, left) and Harris signing the agreement documents, witnessed by Adif (left) and Sayyed. PETRONAS has signed two Project Development Agreements with ExxonMobil ...

PETRONAS, SEDC Energy to develop microalgae oil for sustainable aviation fuel

Standing from left; Azmi Bujang, Deputy State Secretary Sarawak Economic Planning & Development and Council Member of Sarawak Biodiversity Centre Datu Dr Muhammad Abdullah Zaidel, ...

Manali Petrochemicals to invest $35 million in Singapore subsidiary

Manali Petrochemicals Limited (MPL) will invest an additional $35 million in its Singapore subsidiary AMCHEM Speciality Chemicals for potential overseas acquisitions, said the company in ...

5 Minutes with: Chiu Gha Uai, Aspen Aerogels

Chiu Gha Uai, Technical Services Manager with Aspen Aerogels, tells us what's changed in the petrochemicals sector, and what it means to protect assets from ...

Diving into the post-pandemic era with Honeywell

In an interview with Asian Downstream Insights, Matt Spalding, Vice President and Regional Manager (APAC) of Honeywell UOP, shares more about the changes that the ...

In conversation with: Lamma Khodeir, W.R. Grace

Lamma Khodeir, Market Segment Manager at W.R. Grace, speaks about the changing industry, and difficulties for refiners in finding the balance between maximising profitability while ...

Pengerang Energy Complex well on track, says CEO

The Pengerang Energy Complex (PEC) is well on its way toward financial closing, according to developer ChemOne Group. Slated for EPCC commencement in Q1 2023, ...

Market risks also “diverse opportunities” for refiners

Dominique Rouge, Vice President of Sales & Technology at Air Liquide Engineering & Construction An increasing number of refiners are jumping aboard the energy transition, ...

Interview with Tim Shire, Energy Management & Combustion at Essar UK

Tim – thank you for your time! Before we start off, could you share a little bit about how you got involved in the industry ...

Interview with Francis Humblot, New Business & Services Developer for Oil & Gas Market, Arkema

Thank you for your time! To start off, could you share with us how you got involved in the industry and your current role at ...

Facing future challenges in the refining industry with laboratory testing

In conversation with some of hte’s experts - Teodor Trotus, Enrico Lorenz, and Robert Henkel A very warm welcome to this talk about facing future ...

Challenges facing operators is a ‘once-in-a-lifetime’ test

Asian Downstream Insights interviews Matthew Viergutz, Head of Sulzer GTC Technology, as he discusses how Sulzer GTC is partnering with operators across the world to ...

Asia to lead the way for Crude-to-Chemicals

Asian Downstream Insights sits down with José de Sá, Partner at Bain & Company, to understand where the current demand for hydrogen and other sustainable ...

Digital Implementation for Oil & Gas – Exclusive insights from Shell

The COVID-19 pandemic has been a period of changing old behaviours to fit new situations, and for Ibrahim Al-Syed, Global Digital Implementation Lead at Shell, ...

From challenges to opportunities in chemicals

Asian Downstream Insights sits down with Khun Chokchai Montreeamornchet, Managing Director at REPCO NEX, an ASEAN asset performance solutions leader whose services range from general ...

Driving change across the downstream industry

Exclusive Interview with Andy Saunders-Tack, Director, Asia-Pacific and Mel Larson, Strategic Consulting Manager at Becht The coup in Myanmar may be pivotal for the energy ...

Structure of the oil refinery building on sunset background

Spotlight on the Indonesian market with Pertamina

Exclusive interview with Kemas Adrian, Environmental & Sustainability Program Coordinator, Pertamina Hulu How do you think the Indonesian petrochemicals market compares to that of other ...

Indonesia’s petrochemical projects to boost national economy, international standing

Exclusive interview with Rudy Radjab, President Director of PT Kreasindo Resources Indonesia’s new national projects have the potential to cover half of Southeast Asia’s petrochemical ...

EXCLUSIVE: Nicolas Lambert on smart process integrations and upcoming challenges to the FCC market

What has been the major change in the FCC market that you have seen recently? How do you think the pandemic has impacted the FCC ...

Future factory plant and energy industry concept.

Feedstocks, fluctuations, and the future of FCC. Exclusive insights from Dr. Tie-Pan Shi, Technical Director, HCpect

What has been the major change in the FCC market that you have seen recently? How do you think the pandemic has impacted the FCC ...

Long term trends of transportation fuel: Exclusive insights from Argus Media

The future is something we all think about. And for 97% of the downstream community, it features petchems in some form. A recent poll of ...

Innovating the Energy transition: insights on a digital, sustainable future with Shell

Exclusive perspectives on the future of petrochemicals, and how new technologies are helping Shell achieve their net zero emissions goals. Andreas Krobjilowski, General Manager, Shell Jurong ...

Interview with Sharul A-Rashid, Custodian, Instrument and Control from PETRONAS

We discussed the biggest challenge faced by the refining and petrochemical industry today and the biggest opportunities for the market in the next 12 months. ...

Webcast: Roadmap for successful implementation of digitalisation in oil & gas

“Over 90% of decision makers believe that, they’ll be left behind if they don’t digitalize” It can be hard to measure the ROI of digitalisation. ...

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Moving Towards more Autonomous Operations in Energy and Chemicals

The global pandemic, shifts in consumer demand, and the challenging economic climate have posed an existential threat to the downstream industry as we know it. ...

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Post-Pandemic Success For Oil And Gas Leaders with Albemarle Corporation’s Dan McQueen

Top tips for FCC operators to build business success and remain competitive during post COVID-19 recovery in this exclusive one-on-one webinar. The current COVID-19 related ...

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Webcast: Managing Business in A Changing Downstream Industry

The pandemic has overturned the way we do business. Now, as lockdowns ease, business leaders are navigating the new challenges of the next normal. Hear ...

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