Definition LNG is the acronym of Liquefied Natural Gas. The Natural Gas is Methane. The operation of Liquefaction is made by the compression of the gas at moderate pressure and cooling at the cryogenic temperature of – 160°C. LNG is a clear, colourless, non-toxic liquid. The volume of the LNG is 1/600th of its volume as […]
ReadMoU for 1 million t/y Paraxylene extension in Yeosu Showa Shell Sekiyu K. K. (Showa Shell) from Japan, GS Caltex from South Korea, and Taiyo Oil from Japan signed a Memorandum of Understanding (MoU) for new Paraxylene (PX) project at GS Caltex Petrochemical complex in Yeosu, South Korea. In the downstream of its refinery, GS […]
ReadDefinition “CBM” is the acronym of CoalBed Methane. CBM is a form of natural gas found along with coal seams underground. It is also called as Sweet gas because of lack of hydrogen sulphide in it Comments In a natural gas reservoir, gas is compressed by the pressure in the formation. Expansion of the gas provides […]
Read$4 billion for first Brunei Refinery & Aromatics complex Zhejiang Hengyi Petrochemicals co.ltd (Zhejiang Hengyi) is the largest polyester fibers manufacturer in China. Founded in 1994 it is a privately owned company. Zhejiang Hengyi is planning to build an integrated refinery and petrochemical complex at Pulau Muara Besar in Brunei Darussalam with the country’s first aromatics production facilities, the chemical-fibers production units. […]
ReadDefinition “Take-or-Pay Contract” is one of the three most used LNG contracts type, see comments below. Take-or-Pay Contract are written agreements between a buyer and seller that obligate the buyer to pay regardless of whether or not the seller delivers the good or service. Generally, this obligation to pay does not involve the full amount due […]
ReadUOP provides Propane Dehydrogenation Technology Zhangjiagang Yangzi River Petrochemical Co. Ltd is a joint venture between: – New Oriental Energy Co., – Huachang Chemical Co. – Feixang Chemical Co (a Rhodia‘s subsidiary). Zhangjiagang is located in the Jiangsu province, China, which is about 110 km from Shanghai. This large scale project is to meet the growing demand in […]
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