Industry News

IRPC Selects AspenTech Prescriptive Maintenance Software to Mitigate Unplanned Downtime

By nisa | 17th May 2019

Aspen Technology, the asset optimization software company, recently announced that Southeast Asia’s integrated petrochemical pioneer, IRPC PLC, has selected Aspen Mtell software for its refinery and petrochemical plants in Rayong Province in Thailand. With the planned deployment of Aspen Mtell asset performance management software, IRPC can improve equipment reliability, mitigate unplanned downtime, achieve operational excellence, and…Read more

Automation and Instrumentation in Chemical and Petrochemical Market Advance Technology development by World | ABB, Emerson Electric, Honeywell International, Rockwell Automation, Siemens, Yokogawa Electric, FMC Technologies, GE, Metso, Miracom, Mitsubishi Heavy Industries, Omron and SAP

By nisa | 15th May 2019

Global Automation and Instrumentation in Chemical and Petrochemical Market is expected to Huge growth with a during forecast period 2019 to 2025. Investigation for gathering the content for this report is done in depth and meticulously. Present scenarios, past progress, global recognition and future prospects of these market is offered in this report. The automation units include…Read more

Malaysia’s Petronas refinery fire turns up heat on Asian petroleum markets

By nisa | 10th May 2019

Singapore — A fire and explosion early Friday at Malaysia’s Pengerang Integrated Complex, operated by national oil company Petronas, rippled through regional petroleum markets including crude oil, refined products, petrochemicals and liquefied natural gas, due to the sheer scale of the project. The downstream project includes the 300,000 b/d refinery and petrochemical facility, operated by Pengerang…Read more

China’s state-owned refineries cut Apr run rates to 81% on maintenance

By nisa | 10th May 2019

The average run rate at China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp. dropped for the second-straight month due to many refineries starting maintenance in April, a monthly survey by S&P Global Platts showed Monday. A total of eight refineries have been undergoing maintenance in April compared with three in March,…Read more

Vietnam’s Dung Quat refinery receives first US crude oil cargo

By nisa | 10th May 2019

Singapore — Vietnam’s 148,000 b/d Dung Quat refinery has received its first cargo of US crude oil, an official at refinery operator Binh Son Refining and Petrochemical said Wednesday. The Suezmax vessel Almi Horizon arrived at Dung Quat port on April 29 carrying 950,000 barrels of crude loaded from the US Gulf Coast, S&P Global Platts vessel…Read more

MRPL partially shutters units at Mangalore refining complex

By nisa | 10th May 2019

Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Oil & Natural Gas Corp. Ltd., has implemented a partial shutdown of process units as part of a force majeure at its 300,000-b/d integrated complex in Mangalore, India. The partial shutdown of units comes amid an acute shortage of fresh water in the Nethravathi River in absence of…Read more

Aramco in talks for 25% of Reliance’s refining, petrochemical units

By nisa | 10th May 2019

[BENGALURU] Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 per cent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of India reported on Wednesday. A minority stake sale could fetch around US$10 billion to US$15 billion, valuing the Indian company’s refining and petrochemicals…Read more

Axens to supply hydrocracking technology to Shenghong Refining & Chemical

By nisa | 3rd May 2019

Shenghong Refining & Chemical (Lianyungang) Co., Ltd has selected Axens’ ebullated-bed residue hydrocracking technology, H-Oil®, for a 3.2 million tpy capacity unit combined with a 3.45 million tpy distillates hydrocracking unit using HyK™ technology. These will be the key units for residue valorisation at its petrochemical complex in Lianyungang, Jiangsu, China. The project aims to increase…Read more

Sinochem Hongrun Petrochemicals to produce cleaner-burning fuels with Honeywell’s alkylation technology

By nisa | 3rd May 2019

Honeywell UOP announced that Sinochem Hongrun Petrochemical will use Honeywell UOP’s ISOALKY ionic liquids alkylation technology to produce cleaner-burning motor fuels at its refinery complex in China. Hongrun is the first petrochemicals manufacturer in China to license ISOALKY technology, a cost-effective solution for refining companies as an alternative to conventional liquid acid systems or solid…Read more

Pulling Indonesian oil refining out of decline

By nisa | 3rd May 2019

While Indonesia’s once-vibrant oil and gas production business is mostly a victim of geology and the natural decline of aging fields, the decrepitude of its oil refining industry is the result of bad decision-making — poor policies, red tape, and lack of strategic planning. Even though President Joko Widodo’s last government contributed to these failures,…Read more