How M&A markets are passing the refinery bucks

Japan and South Korea, both leaders in refining and chemical production in Asia, face common headwinds from the energy transition. However, both are charting sharply different paths to stay competitive and capture growth. This insight addresses key questions: How will Japan and South Korea's Steam cracker feedstocks evolve amidst the downcycle in chemicals? What is the value addition from Petrochemical integration and how will that help the refiners ensure future-proof operations? How will S-Oil's Onsan refinery perform and compete globally after its flagship Shaheen Project? What strategies are refiners using to boost profitability? Why is the refinery rationalization landscape different for Japan and South Korea? How Japan and South Korea are leading in diversification into bio feedstock processing in Asia?

Plans to import on a longer-term basis were disclosed as soon as 2010, as Kuwait started to import LNG via its FSRU. The scope and size of the onshore project have evolved over the years. KNPC awarded the pre-FEED and FEED (Front End Engineering and Design) study to a subsidiary of Foster Wheeler and a local partner in March 2014. The terminal is located at Al-Zour, 90 kilometres south of Kuwait City. More than ten ...