Huntsman Corporation (HUN) has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. The site is a greenfield investment, will house Huntsman’s Polyurethanes and Advanced Materials businesses, and comprises manufacturing; R&D capabilities; a technical service center; warehouse and distribution space and a commercial office. In addition to this facility, Huntsman has a distribution warehouse located in the inland container depot at Long Binh – Dong Nai Province, and a site in Hanoi which offers technical service and comprises warehouse and distribution space and a commercial office. Read More

Royal Dutch Shell plc, through its wholly-owned subsidiary BG Asia Pacific Holdings Pte Ltd (BGAPH), has reduced its stake in the publicly-listed Mahanagar Gas Limited (MGL) from 24 percent to now 10 percent. Shell believes that India offers a vast opportunity for growth for Shell’s businesses and we will continue to pursue opportunities which can enhance Shell footprint in the country, said Shell in a statement. We continue to believe in the key role that gas will play in India and will actively seek opportunities in that arena. Shell looks forward to playing a significant part in the energy transition in India, it said. This announcement has no impact on other Shell businesses in India, it said. Read More

Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, plans to construct a new, large-capacity storage terminal on its property along the Houston Ship Channel. Supporting its strategic expansion into the Petrochemical and hydrocarbon storage markets. The new, state-of-the-art terminal will be called the Contanda Houston Jacintoport Terminal and will provide up to 3.0 million barrels of additional petrochemical and hydrocarbon storage capacity.  The terminal complex will be situated at the company’s Jacintoport terminal site located at the Contanda Steel location, which was acquired in the fourth quarter 2016. Read More