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China's Refining Capacity to Reach 15.8 Mln Bpd by 2020-Report
(Wednesday, September 17, 2014) China, the world's top energy consumer, plans to have a total refining capacity of 790 million tonnes a year, or 15.8 million barrels per day (bpd) by 2020, an industry website quoted a government official as saying.
Safety Worries Cloud Japan Dream of Carbon-free Hydrogen Society
(Wednesday, September 17, 2014) On an empty lot in Japan's fourth-largest city, a Shinto priest performs rites in front of a makeshift altar loaded with offerings of fruit and vegetables to pray for the safety and success of Japan's newest hydrogen filling station.
Sinopec to Start Trial Operations at First LNG Terminal by End-Oct
(Tuesday, September 16, 2014) Top Asian refiner Sinopec Corp will start trial operations at its first liquefied natural gas (LNG) terminal by the end of October, a company representative said on Tuesday.
Japan's Mitsui Restarts Naphtha Cracker After Repair
(Tuesday, September 16, 2014) Japan's Mitsui Chemicals Inc said on Tuesday it restarted the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, on Monday following repair work on an unspecified problem.
China's Sputtering Economy Crimps Gas Demand, Cuts Spot LNG Buys
(Monday, September 15, 2014) China's gas demand growth is expected to ease to its slowest in three years in 2014 and dip again next year, as a slowing economy and an ill-timed hike in prices keep gas demand at levels well below bullish forecasts.
Sinopec to Sell $17.5 Bln Retail Stake in Privatisation Push
(Monday, September 15, 2014) State-controlled oil giant Sinopec Corp on Sunday unveiled a plan to sell a $17.5 billion stake in its retail business, marking the country's biggest privatisation push since President Xi Jinping came to power almost two years ago.
Japan's Tepco Signs 17-year LNG Supply Deal with BP Unit
(Friday, September 12, 2014) Japan's Tokyo Electric Power Co said on Friday it has signed a 17-year deal to buy up to 1.2 million tonnes per year of liquefied natural gas (LNG) from the Singapore unit of UK oil and gas major BP starting from April 2017.
China's Sinopec Embarks Major Move to Restructure Yizheng Unit
(Friday, September 12, 2014) Sinopec Corp, Asia's largest refiner, has taken a major step to restructure its loss-making unit Yizheng Chemical Fibre Co Ltd in an asset swap worth over a billion dollars.
Sinopec to Run 300 Convenience Stores with Ruentex -Paper
(Friday, September 12, 2014) Sinopec Corp is planning to run 300 of its convenience stores at petrol stations jointly with Taiwan's Ruentex Group, the state-run China Securities Journal reported on Friday.
Taiwan's Formosa Inks Naphtha Term At A 10 Pct Lower Premium
(Thursday, September 11, 2014) Taiwan's Formosa Petrochemical Corp has inked a 12-month naphtha term contract starting December at a premium that is around 10 percent lower than its last deal, trade sources said on Thursday.
S.Korea Increases Emissions Cap in Proposed Carbon Trading Scheme
(Thursday, September 11, 2014) A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday.
Chinese Firm to Use UOP Tech to Produce Isobutylene
(Thursday, September 11, 2014) Shandong Shouguang Luqing Petrochemical Co. Ltd. will use Honeywell's UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic rubber.
Japan's Idemitsu Shuts Naphtha Cracker for Turnaround
(Wednesday, September 10, 2014) Japan's Idemitsu Kosan Co said on Wednesday it shut the 687,000 tonnes per year naphtha cracker on Tuesday for a scheduled maintenance.
Chemical Firm Gets First Loan in China Using CO2 Permits As Collateral
(Tuesday, September 09, 2014) China's Industrial Bank said on Tuesday it has lent 40 million yuan ($6.5 mln) to a chemical company using carbon permits as collateral, showing firms are exploring new routes to funding amid a tightening of credit growth in the mainland.
Japan to OK Nuclear Plant Return While Pushing to Close Old Reactors
(Tuesday, September 09, 2014) Japan is set to give the go-ahead to restart its idled nuclear industry just as it moves to definitively close some of its oldest reactors, launching a cull of the long-monolithic industry.
Lower Commodity Prices No Longer Sparking Higher Chinese Imports
(Tuesday, September 09, 2014) Commodity producers worried about the outlook for Chinese demand have another reason to fret, with the relationship between pricing and import volumes appearing to break down.
Japan Signs MoU with Alaska for LNG Supply
(Monday, September 08, 2014) Japan's trade ministry and Alaska's Department of Natural Resources on Monday signed a memorandum of understanding to help Japan procure low-cost and stable supplies of LNG, a government official said.
With Oil Under $100, China Trader Books World's Largest Ship to Store Crude
(Monday, September 08, 2014) Industry sources said Chinese firm Unipec, the marketing arm of Beijing-backed oil giant Sinopec, has booked the 3.2-million-barrel TI Europe, one of just a handful of Ultra Large Crude Carriers (ULCC) still in service.
China CNOC Starts Fuel Exports from Huizhou Refinery
(Friday, September 05, 2014) China National Offshore Oil Corp has started oil product exports, the company said on Friday, joining oil majors Sinopec and PetroChina to conduct overseas sales from its own refinery.
Japan's Mitsui Chem Says to Restart Naphtha Unit in About 2 Wks
(Wednesday, September 03, 2014) Japan's Mitsui Chemicals Inc said on Wednesday it would restart in about two weeks the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo.