A comprehensive compilation of companies in the process and chemicals industries and their supporting industries.

NEWS

1 | 2

Union Gas Holdings launches Catalist IPO

Fuel products provider Union Gas Holdings has launched its initial public offering (IPO) for a listing on the Singapore Exchange's Catalist board.

The home-grown firm - known for its "Union" brand of bottled liquefied petroleum gas (LPG) cylinders - is offering 60 million shares at 25 cents apiece. These comprise 30 million new shares and 30 million vendor shares.

Union Gas Holdings ...more

Keppel O&M to deliver world's first converted FLNGV

Singapore

SINGAPORE'S leading yard group Keppel Offshore & Marine (O&M) is on track to deliver the world's first converted floating liquefaction vessel (FLNGV) to Golar Hilli Corporation, a subsidiary of Golar LNG.

The vessel, named Hilli Episeyo at a ceremony on Sunday, is scheduled to be delivered to Golar Hilli Corp in August. Keppel Shipyard was awarded the US$735 million contract ...more

Oil industry needs to harness new tech to meet growing demand in Asia: BP CEO

Singapore

WHILE energy demand is slowing due to improving energy efficiency, it will still grow by 30 per cent over the next two decades, with almost all of that coming from emerging economies, especially Asia.

This means that the oil and gas industry needs to produce hydrocarbons that are cleaner and at lower cost, and by harnessing the current wave of technological advances to do ...more

Boustead Projects wins contract for chemical waste-treatment plant

Singapore

BOUSTEAD Projects, a specialist in real estate solutions, has secured a design-and-build contract from Veolia ES Singapore Industrial for a hazardous chemical waste-treatment facility.

The plant in Tuas will be Boustead Projects' first undertaking for hazardous chemical waste-treatment facility and second in the waste management industry. The group said in its announcement ...more

ExxonMobil unveils expanded Jurong lubricant plant

Oil giant ExxonMobil has completed the expansion of its lubricant facility in Jurong.

The complex is now the company's largest grease manufacturing site in the Asia-Pacific, and the only one in the region that produces Mobil 1, its flagship synthetic engine oil.

The expanded operation in Shipyard Road is integrated with ExxonMobil's adjacent Singapore refinery, which provides base ...more

Higher petroleum, chemical prices lift Q1 domestic wholesale trade

Singapore

HIGHER prices of petroleum and chemical products lifted Singapore's domestic wholesale trade in the first quarter of the year, said the Department of Statistics on Friday.

Domestic wholesale trade expanded by 23.5 per cent in Q1 2017 compared to a year ago; quarter on quarter, the rise was 1.6 per cent. Excluding petroleum, domestic wholesale trade rose 7.6 per cent from ...more

ExxonMobil emerges as white knight for Jurong Aromatics

Singapore

EXXONMOBIL has agreed to acquire the Jurong Island assets of Jurong Aromatics Corporation (JAC), effectively giving the beleaguered firm a new lease of life.

Confirming market speculation that has swirled for some months, the American integrated oil giant said on Thursday that it has reached an agreement on the deal, beating five other bidders such as Lotte Chemical Corp ...more

Trafigura sees big jump in oil trading volumes in Asia

Singapore

TRAFIGURA, the third-largest oil trading house in the world, has clocked a big jump in its trading volumes in Asia in the past one year.

The growth, seen across all of its products, comes before the close of its investment into Indian integrated oil company Essar Oil, which promises to boost volumes even further.

"In the last one year we have grown our (Asia) business ...more

S'pore to gain importance as trading hub as LNG becomes commoditised

Singapore

SINGAPORE will have a greater role to play in the liquefied natural gas (LNG) trade as the product becomes more commoditised, according to an IE Singapore official.

These comments come as over 10 more companies set up shop in Singapore in the past three years, bringing the total number of LNG companies in the country to almost 40.

"When a product is more commoditised, ...more

Keppel signs deal with EDB to build gasification plant on Jurong Island

Singapore

SINGAPORE is moving ahead with a gasification facility that uses coal and other feedstock on Jurong Island, some six years after it first studied the idea as part of the Jurong Island version 2.0 initiative.

Keppel Infrastructure, a division of Keppel Corporation, said in an announcement on Tuesday that it has signed an agreement with the Singapore Economic Development Board ...more

Opec has to stick to agreed production cuts to keep oil prices steady

London

OIL traders are hoping that Opec will continue with agreed production cuts at the coming end-May meeting as supply and demand are narrowly in balance and global inventories are high.

Latest statistics of the International Energy Agency (IEA) show that following the Opec accord and decline in US, Russia and other non-Opec productions, global crude oil supplies fell from 98.3 ...more

Prime Polymer's Singapore plant will double its group capacity

Singapore

PRIME Polymer Co Ltd and Mitsui & Co Ltd have joined forces to launch a sealant material production plant on Jurong Island on Monday, in a move that looks set to boost the petrochemical industry in Singapore.

Established under their subsidiary Prime Evolue Singapore, the Singapore Evolue plant is Prime Polymer Group's first outside Japan. It began operations in August 2016 ...more

ExxonMobil in talks to buy JAC plant

Singapore

EXXONMOBIL said on Wednesday that it is in talks to buy Jurong Aromatics Corporation (JAC), one of the largest petrochemical plants in the world which is in receivership.

"We can confirm that we are currently negotiating with the receiver for Jurong Aromatics Corporation Pte Ltd to acquire JAC's assets on Jurong Island," said a company spokeswoman. "While progress is being ...more

Innovation way to excel in process manufacturing

THE world map for process manufacturing is changing, as industry realigns and impacts the global economy. As a result, globalisation has accelerated. The recent crude oil price volatility has challenged oil industry executives, while presenting a new opportunity for the chemicals sector. Increased market volatility is now the new normal with fluctuating feedstock pricing, incessant commodity trading, ...more

ExxonMobil upgrades Singapore refinery

Singapore

EXXONMOBIL, which owns the largest refinery in Singapore, is upgrading the facility to increase the production of base oil, an ingredient used in the manufacturing of lubricants.

Construction work is expected to start in the second quarter of this year and end by 2019. The company declined to reveal the investment figure and how much production will be increased.

With ...more
1 | 2