Archive | February, 2008

SINGAPORE: LANXESS to build 400-million euro butyl rubber plant on Jurong Island

(EnergyAsia, February 29, Friday) — Leverkusen, Germany-based specialty chemicals group LANXESS will build a 100,000 metric tonne per year butyl rubber production plant on Singapore’s Jurong Island. The 400-million-euro plant is due to be commissioned in 2011, said Axel C. Heitmann, LANXESS chairman at a press conference in Singapore. The plant, the company’s largest, will […]

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AUSTRALIA: Noble Group names two top executives to lead coal strategy

(EnergyAsia, February 28, Thursday) — Noble Group Limited, a global supply chain manager of agricultural, industrial and energy products, said it has appointed Gavin May, Gloucester Coal’s former CEO, and former CFO Barry Tudor, to lead Noble’s coal asset strategy in Australia. The company’s Australian coal assets include coking and thermal coal mines in the […]

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ASIA: Environment Ministers seek new funds to combat climate change

(EnergyAsia, February 28, Thursday) — Environment ministers from the Greater Mekong Subregion (GMS) are asking their development partners for additional financial and technical assistance to improve their environmental and natural resource management. In a joint statement issued after the second GMS Environment Ministers Meeting in Vientiane, Laos last month, the ministers called for the need […]

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PHILIPPINES: World Bank’s IFC partners with BPI to expand access to sustainable energy finance

(EnergyAsia, February 27, Wednesday) — IFC, a member of the World Bank Group, said it has agreed to help the Bank of the Philippine Islands build a sustainable energy financing loan portfolio. IFC will help BPI expand its financial products, focusing on micro, small, and medium enterprises in manufacturing. The bank will also focus on […]

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JAPAN: Kyocera to supply solar power systems to 500 households in Tunisia

(EnergyAsia, February 26, Tuesday) — Japan’s Kyocera Corporation said it will supply and install its solar power generating systems in Tunisia under a yen-loan project by the Japanese government through Itochu Corporation. Starting April, Kyocera will install its solar power generating systems in 500 households in villages that do not currently have electricity in the […]

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SINGAPORE: BGC to acquire oil broker Radix Energy

(EnergyAsia, February 25, Monday) — BGC, an international financial brokerage firm, said it has agreed to acquire the assets of Singapore-based Radix Energy through a new BGC subsidiary to be named BGC Radix Energy. The transaction is expected to close in early March 2008. BGC, which provides integrated voice and electronic services to wholesale fixed […]

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SINGAPORE: Specialised logistics services firm BDP sets up global network services

(EnergyAsia, February 22, Friday) — Singapore has been chosen as the location for a new global alliance of small to mid-sized logistics firms created to challenge the dominance of the large multi-national companies, said US-based BDP International. Believed to be the first alliance of its kind in the world, BDP Global Network Services will be […]

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INDIA: Reliance’s gasoline surplus to flood Asia by year-end, says ESAI

(EnergyAsia, February 21, Thursday) — India’s gasoline surplus and Iran’s increasing inability to secure letters of credit will drive Asian gasoline cracks down to below $6 per barrel by the end of 2008, predicts US consultant ESAI. In the February 2008 issue of its Pacific Basin Stockwatch, a six-month outlook on Asia-Pacific product markets, ESAI […]

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SINGAPORE: Federal International’s Banyan Utilities seeking UN carbon credits accreditation

SINGAPORE: Federal International’s Banyan Utilities seeking UN carbon credits accreditation  (EnergyAsia, February 20, Wednesday) —Singapore-listed Federal International (2000) Ltd said its 60%-owned subsidiary, Banyan Utilities Pte Ltd, is seeking accreditation under the Clean Development Mechanism of United Nations Framework Convention on Climate Change (CDM-UNFCCC).As part of the accreditation process, Banyan Utilities is organising a stakeholder […]

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THAILAND: “BioEnergy Forum 2008” in Bangkok from April 28 to 30

(EnergyAsia, February 20, Wednesday) — “BioEnergy Forum 2008”, to be held in Bangkok, Thailand from April 28 to 30, will address issues pertaining to the economics and sustainability of biofuels.More than 30 key speakers will focus on the latest bioenergy trends and issues facing on the entire biofuels value chain over eight sessions. There will […]

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