Ineos to be first to deliver US ethane from shale gas to China

The deal involved the construction of a ship with a 95,000cbm capacity, due to be ready by 2019. The ship is known in the US as a VLEC, which stands for ‘Very Large Ethane Carrier’ and is being built in China under the instruction of the JACCAR Group.

Alaska Forges Ties With Sinopec, Bank of China in Natural Gas

The deal will see energy giant China Petrochemical Corp. (Sinopec), sovereign wealth fund CIC Capital Corp. and Bank of China join with Alaska Gasline Development Corp. to advance Alaska LNG, one of the state’s strategic infrastructure projects.


U.S. ethane will go to China

At the same time President Donald Trump witnessed the signing of West Virginia’s $83.7 billion deal with China Energy for petrochemical plants in the Mountain State, he also witnessed another deal to export 2.6 million metric tons of ethane per year to China.

Sinopec Corp’s Net Profit for 9M 2017 Surges More Than 30%

The Company's operating profit was RMB 65.322 billion, up 27.6% year-on-year; Net profit attributable to equity shareholders of the Company was RMB 38.373 billion, up 31.6% from the same period last year; Basic earnings per share ("EPS") were RMB 0.317, up 31.5%.

Private petrochemical firms are flying high

“The state-owned giants are no longer the best choice for China’s petrochemical workers,” Li said: “Instead, private companies broaden my horizon by assigning me a wider range of tasks and enabling me to work directly with customers.

China Petrochemical 2017-10-24

US shale to help power Shell’s multi-billion dollar chemicals drive

Shell will invest in a fourth alpha olefins unit at its Geismar, Louisiana plant in the US which will start-up in the second half of next year, and a second major petrochemicals complex in Nanhai, China.

China Petrochemical 2017-10-22

Agenda Update on Sept 20 - ECF2017 7th Asia-Pacific Shale Gas Summit

​ECF2017 7th Asia-Pacific Shale Gas Summit – Conference Agenda

ECF China Shale Gas 2017-09-20

Dalian company to build petrochemical project in Oman

A Dalian-based company plans to build a petrochemical project with total investment of about $2.8 billion at a China-Oman industrial park in Oman.

China Petrochemical 2017-09-19

Asia: The week ahead in petrochemicals, w/c Sep 11

China's local propylene supplies were also reported to be tight due to logistics restrictions in China, ahead of the National Day celebrations in October, which increased demand for import materials. However, some market participants felt that the recent price hike is likely to be temporary, citing

China Refining 2017-09-11

China's Teapot Plants Form New Club To Beat Rivals

State-owned rivals Sinopec and PetroChina operate larger, more sophisticated plants, and have influence over government policies such as fuel export quotas, which are highly sought after as China's refined product output far exceeds demand.

What’s the Future for LNG?

US-based suppliers are ramping up from essentially zero to being one of the world’s largest suppliers of LNG in the next few years. In addition to the 70 mtpa of domestic production already authorized and under construction, the US Department of Energy has authorized an additional 75 mtpa of LNG to

China Gas China LNG 2017-09-07

SORAZ Refinery from Nigeria Connects with Lanzhou Petrochemical

Lanzhou Petrochemical indicated that it is dedicated to assist Nigeria’s refinery complexes in terms of personnel rotation, optimizing logistics services and perform the 2018 overall maintenance & repairing projects to the highest standards.


Lao-Chinese joint venture building Laos' 1st oil refinery

Once operational, the refinery will become among the nation's largest industrial enterprises and be able to supply about 60 percent of fuel in Laos.


Chinese-built dam in Cambodia to start testing operation

The Lower Sesan II Hydropower Plant, which is Cambodia's biggest hydropower dam, will begin testing its first-phase operation on July 15 after more than three years of construction, the Electricity Authority of Cambodia (EAC) said on Wednesday.

Service 2017-07-17

Nation set to expand its oil and gas pipeline network

China has vowed to further strengthen its oil and gas pipeline network during the next decade, in an attempt to further boost the clean fuel's share in the country's energy mix.

Asia petrochemicals outlook: w/c July 10

Chinese demand did not rebound last week despite lower market prices, as Chinese end-users were heard having near-full inventories in July and were not actively seeking August-delivery cargoes.

China Petrochemical 2017-07-13

Engineering group ABB wants in on B&R projects

Swiss engineering group company ABB Group said it wants to get involved in Chinese EPC projects-or engineering, procurement and construction contracts-connected with the Belt and Road Initiative, to secure long-term returns.

Belt and Road 2017-07-12

China's mixed aromatics, LCO imports to continue as talk of consumption tax abates

China's imports of mixed aromatics and light cycle oil are likely to return to normal levels in the coming months with no sign of the widely expected introduction of a consumption tax on the products in sight.

China-Kazakhstan oil refinery put into operation

Petrokazakhstan Oil Products LLP, a former Shymkent oil refinery, and joint venture between China National Petroleum Corporation (CNPC) and KazMunaiGas, has gone through its first phase of modernization and was put into operation on Friday.


Sinopec hikes East China butadiene offers by 10% amid tight supply

China Petroleum and Chemical Corp., or Sinopec, raised its ex-works butadiene offers in East China by Yuan 700/mt or 9.6% effective Tuesday to Yuan 8,000/mt, equating to $985/mt on an import parity basis, market sources said Wednesday.


Please leave your comment