China to account for 44% of Asia’s crude oil refining capacity in 2023, says GlobalData
The country’s total refining capacity is forecast to increase at an AAGR of 4.5% in 2023.
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The country’s total refining capacity is forecast to increase at an AAGR of 4.5% in 2023.
NewCo will produce dry polyacrylamide and cationic monomer A9 among other chemicals.
BP and Lotte have agreed a major expansion of production capacity at their JV Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
Around 140 planned and announced plants are scheduled to come online during the forecast period.
Onsite work is scheduled to commence in the first quarter of 2019 with completion scheduled for the third quarter of 2020.
UNIPOL PP Process Technology will be used for a new 400 000 tpy facility in Daesan, South Korea.
The group’s refined oil sales reached 40 million t for the first time, while chemicals marketing volume also rose from the previous year.
Wison (China) Holding Company and Tianjin Development Zone Administrative Committee officially entered into an 'Investment and Cooperation Agreement on Light Hydrocarbons Comprehensive Utilization Project'.
Demand from the world’s seven largest LNG buyers could reach 80 million tpy by 2030.
ESAI Energy predicts non-marketed naphtha and LPG demand to account for a 400 000 bpd rise in demand.
Transition follows sale of select refinery assets to Par Pacific.
Both parties have agreed to evaluate the formation of a joint venture with the aim of establishing a manufacturing facility for alkoxylates.