22/08/2026Saudi Aramco Launches EPC Work on Uthmaniyah Gas Compression Plant — First Project Under National EPC Champion Program

Saudi Aramco’s Uthmaniyah gas compression plant project is reported to have entered the EPC (Engineering, Procurement and Construction) execution phase. SNSH, a joint venture between Italy’s Saipem and local firm Nasser Saeed Al-Hajri and Partners Company for Contracting (NSH), reportedly won the contract, with total contract value estimated at around $1.24 billion.

22/08/2026Thailand’s EGAT Signs MOU with Japan’s JERA to Develop Hydrogen and Ammonia Value Chain for Power Generation

Thailand’s state-run Electricity Generating Authority of Thailand (EGAT) has reportedly signed a Memorandum of Understanding (MOU) with Japan’s largest power generation company JERA to develop a hydrogen and ammonia value chain for power generation.

22/08/2026China’s Tainenghua to Build RMB 11 Billion Integrated Iron Phosphate and Titanium Dioxide Projects in Gansu and Guizhou

China’s chemical materials company Tainenghua (钛能化学, 002145.SZ) has reportedly announced plans to build new production facilities for iron phosphate and titanium dioxide in Gansu and Guizhou provinces, with combined investment exceeding RMB 11 billion.

22/08/2026HD Hyundai ENF Begins Commercial Operation of LNG Cogeneration Plant in Daesan Industrial Complex, Supplying Direct Power to 14 Tenant Companies

HD Hyundai ENF, a subsidiary of HD Hyundai Oilbank, has reportedly begun commercial operation in August of the LNG cogeneration power plant it was building in the Daesan Industrial Complex in Seosan, South Chungcheong Province.

22/08/2026China’s Gulei Ethylene Project in Fujian Completes Mid-Transfer for World’s Largest Single Ethylene Unit

The Sino-Saudi Gulei ethylene project, a joint venture between China’s Sinopec and Saudi Aramco, reportedly completed high-standard mid-transfer on June 18, with an ethylene facility of up to 1.8 million tons annual capacity — the world’s largest single ethylene unit.

22/08/2026Government Approves ‘Yeosu No. 1’ Petrochemical Business Realignment — 1.39 Million Tons of NCC Capacity Cut, KRW 700 Billion Support Package

South Korea’s Ministry of Trade, Industry and Energy reportedly gave final approval on July 20 to the ‘Yeosu No. 1’ petrochemical business realignment plan submitted jointly by Yeochun NCC, Lotte Chemical, Hanwha Solutions, and DL Chemical.

22/08/2026Indonesia’s Balikpapan Refinery Upgrade (RDMP) Completed — First New Refining Facility in 32 Years

Indonesia’s state-owned energy company Pertamina’s Balikpapan refinery upgrade project, RDMP, reportedly held its official completion ceremony on January 12, marking Indonesia’s first new refining facility completion in 32 years.

22/08/2026UAE’s 2.6GW Taweelah C Combined-Cycle Power Plant: Energy China Consortium Wins $1.68 Billion EPC Contract

A consortium led by subsidiaries of China’s state-owned Energy China has reportedly won the EPC contract for the 2.6GW ‘Taweelah C’ combined-cycle power plant project in Abu Dhabi, UAE, valued at approximately $1.687 billion.

22/08/2026Oman’s State Oil Company Signs Six-Year EPC Framework Agreement with L&T

L&T Energy Hydrocarbon Onshore, a subsidiary of India’s Larsen & Toubro, has reportedly signed a six-year EPC framework agreement with Petroleum Development Oman (PDO), announced on July 31, 2026.

22/08/2026China Energy Investment Corporation’s Langfang Cogeneration Plant Phase 2 Enters Full-Capacity Commercial Operation

The second phase of the Langfang cogeneration power plant in Hebei Province, operated by Guodian Power, a subsidiary of China Energy Investment Corporation, has reportedly entered full-capacity commercial operation.

21/08/2026US-Saudi Consortium to Invest $5 Billion in New Refinery Bypassing the Strait of Hormuz

A consortium of US and Saudi Arabian companies has announced it will invest $5 billion (about KRW 6.9 trillion) in the first phase of a new refinery designed to bypass the Strait of Hormuz. The refinery will have a capacity of 200,000 barrels per day (bpd), with the final site expected to be confirmed by the end of 2026.

21/08/2026China’s Hainan Changjiang Nuclear Plant Unit 3 Connects to Grid Using Hualong One Technology

Unit 3 of the two-unit Changjiang Nuclear Power Plant in China’s Hainan Province was connected to the power grid on August 1, according to local media reports. The reactor uses China’s indigenously developed third-generation Hualong One (HPR1000) technology, marking the first application of Hualong One in Hainan Province.

21/08/2026Indonesia’s First Coal-to-Methanol Plant: $2.3 Billion FEED and EPCC Contract

Construction of Indonesia’s first coal-to-methanol conversion plant is moving forward in the Bengalon area of East Kutai, East Kalimantan Province. Project developer PT Bumi Etam Chemical announced on July 29 that it had signed a FEED and EPCC framework agreement with China’s CNCEC.

21/08/2026Vietnam’s Dung Quat Refinery Expansion: BSR Begins $600 Million International Financing

Binh Son Refining (BSR), a subsidiary of Vietnamese state oil company Petrovietnam, has begun procedures to arrange $600 million in international financing for the expansion of the Dung Quat refinery, it was reported on August 10.

21/08/2026Hyundai Engineering & Construction Secures Priority EPC Rights for 8 TerraPower Natrium Reactors

Hyundai Engineering & Construction announced on August 18 that it has been selected as a partner for the next-generation nuclear power plant construction program of US nuclear company TerraPower, also securing EPC partnership rights for up to eight additional follow-on reactors.