Asia News

    News and press releases from Asia to bring our community the latest developments in the stainless steel industry. Here you can find news involving the people and companies involved in the manufacturer, supply and use of corrosion resistant alloys (CRAs). Topics such as tubes & pipes, cladding, offshore, chemical process industry, welding & fabrication, 13Cr stainless steels, titanium, nickel alloys, pulp & paper and duplex stainless steels are covered as well as interviews with materials specialists, manufacturer and end users alike.

    Velesto secures PTTEP drilling contract

    Stainless Steel World Publisher -
    Velesto secures contract from PTTEP Malaysia for 15-well offshore drilling programme from June 2025.

    PT INPEX Renewable Energy Indonesia established

    Stainless Steel World Publisher -
    INPEX launches subsidiary for renewable energy projects in Indonesia, focusing on geothermal

    MAEGMA Minerals partners with Primetals Technologies

    Stainless Steel World Publisher -
    MAEGMA Minerals signed an MoU with Primetals Technologies for a 2 MTPA MIDREX Flex HBI plant in Malaysia, to be operational by 2029. The facility will blend hydrogen and natural gas, marking a significant move in green steelmaking.

    TotalEnergies expands Malaysia’s portfolio

    Stainless Steel World Publisher -
    TotalEnergies has acquired interests in several offshore blocks from PETRONAS in Malaysia and Indonesia, including Blocks SK301b and SK313 with over 4 Tcf of gas. This enhances its strategic LNG supply role in Southeast Asia from 2030.

    Wood JV wins new major EPC contract in Brunei

    Stainless Steel World Publisher -
    Wood and Tendrill JV secured a five-year EPC contract with Brunei Shell Petroleum to deliver brownfield engineering services for both offshore and onshore assets in Brunei. The contract supports local employment and development.

    CNOOC Limited subsidiary signs EPC on the Zhylyoi Subsoil Area

    Stainless Steel World Publisher -
    CNOOC's subsidiary has entered an Exploration and Production Contract with Kazakhstan's Ministry of Energy and KazMunayGas for the Zhylyoi Subsoil Area, covering 958 km² in the Atyrau region and Caspian Sea. The first exploration phase spans 9 years, with a 50/50 joint venture.

    Anaergia signs conditional contract to design & build biogas facility

    Stainless Steel World Publisher -
    Anaergia’s Singapore subsidiary has secured a CAD 40M conditional contract to design and construct the Jeju Bio Energy Biogas Plant in South Korea, which will convert 54,000 tons/year of organic waste into renewable energy by 2027.

    JERA signs Heads of Agreement with Woodside

    Stainless Steel World Publisher -
    JERA and Woodside have signed a non-binding agreement for LNG supply from Woodside’s portfolio, including the Scarborough gas field in Australia, targeting Japan’s peak winter energy demand. The agreement outlines the potential annual purchase of three LNG cargoes from FY 2027.

    Fugro secures significant gas field development award

    Stainless Steel World Publisher -
    Fugro has been awarded its largest geotechnical and geophysical survey project in Asia Pacific to date, supporting a major deepwater gas field development in Southeast Asia. Site characterisation work will begin in Q3 2025 and continue through 2027, with near real-time data delivery to project stakeholders.

    Nippon Steel to invest USD 6bn in electric arc furnaces

    Stainless Steel World Publisher -
    Nippon Steel is investing USD 6.05 billion to build and upgrade electric arc furnaces at three Japanese facilities to cut carbon emissions, supported by government subsidies. The project is part of Japan’s decarbonisation efforts under the Green Transformation Promotion Act, targeting full operation by FY 2028/2029.
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