Latest News

Latest News
2018

Petronas plans to upgrade Kerteh refinery by 2022

Mar 15, 2018

The Business Times [SINGAPORE] Malaysia's state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 to produce higher quality fuels and expand the crude types it processes beyond Tapis, a company executive said. Production of light sweet Tapis crude, once Malaysia's flagship grade, is declining, so the Kerteh refinery is looking to switch to other grades such as medium-sweet Kimanis, Petronas Penapisan (Terengganu) Managing Director and C... Read More

PCS opens US$80m naphtha import facilities on Jurong Island

Mar 15, 2018

The Business Times PETROCHEMICAL Corporation of Singapore (PCS) on Wednesday marked the official opening of its US$80 million naphtha import facilities on Jurong Island, a project first announced two years ago in 2016. PCS's newest installation includes eight storage tanks totalling some 240,000 cubic metres of capacity, a 120,000 deadweight tonnage (DWT) liquid berth capable of handling large vessels transporting naphtha and associated facilities. In previous ... Read More

Summit Power inks pact with Mitsubishi for integrated LNG terminal, power project in Bangladesh

Mar 15, 2018

The Business Times SINGAPORE-based Summit Power International (SPI) and Mitsubishi Corporation have signed a memorandum of understanding (MOU) to develop an LNG-to-power project, which is expected to cost up to US$3 billion, at Matarbari, Bangladesh. Under the MOU, the parties will develop an integrated liquefied natural gas (LNG) terminal with a regasification capacity of up to 1,500 million cubic feet per day, two units of 1,200 megawatt gas turbine combined c... Read More