Downstream news updates

Höegh Evi has entered into an agreement with Petroleum Sarawak Berhad to jointly develop the proposed Kuching LNG terminal in Malaysia.

GEN-H is planning a 200 - 300 MW zero-emission balancing power facility in Finland using Hycamite’s methane pyrolysis technology to produce hydrogen and solid carbon.

Dondel has officially launched its green hydrogen-coupled, CO2 to-sustainable aviation fuel (SAF) project in Xinjiang, China.

KKR has announced the signing of definitive agreements under which funds managed by KKR will make a majority investment in Cisternina Logistics Private Ltd, a bulk liquid and gas storage and logistics business in India.

Westlake Corp. has announced that, in light of challenging market conditions, the company is taking action to improve profitability by closing its polyvinyl chloride (PVC) plant in Cologne, Germany.

PIF Energy has announced a planned US$2 billion investment to acquire up to 15 crude oil tankers, adding seaborne transport capacity at a time when disruption around the Strait of Hormuz and tight refined-product markets are intensifying the global fuel crisis.

NorSAF has agreed to collaborate with Nova Pangaea Technologies to develop an advanced ethanol production plant in Latvia to supply NorSAF’s SAF facility.

Société Africaine de Raffinage (SAR) has signed an agreement with Yamata for the construction of a second refinery of 4 million tpy and the modernisation of the Mbao refinery, Senegal.

The construction of the fourth LNG storage tank at the Gate terminal in Rotterdam, the Netherlands, has been completed as scheduled.

US propane exports increased to 2 million bpd in 1H26, 11% more than during the same period in 2025, the US EIA has reported.

The range of plausible outcomes has widened substantially for the global energy system, according to McKinsey & Company’s Global Energy Perspective 2026.

NextDecade has received the permit from the US Army Corp of Engineers for the Rio Grande LNG Train 6 expansion project.

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell Technologies to provide process technologies, licensing, engineering services, proprietary catalysts, equipment, and digital solutions for its planned 700 000 bpd refinery in Kenya.

Petrochemical Industries Co. (PIC), a subsidiary of Kuwait Petroleum Corp. (KPC), have signed a memorandum of understanding (MoU) with AmCham Kuwait to advance petrochemical investment and commercial cooperation.

Technip Energies has been awarded contracts by Petkim, a subsidiary of SOCAR, in connection with the development of a proposed integrated petrochemical complex in Aliaga, Türkiye.

Ed Crooks, Wood Mackenzie, considers how diesel export restrictions could impact the refining industry and lead to higher fuel costs for most Americans.

Aether Fuels Inc. has announced the construction, commissioning, and operation of its fully integrated demonstration line, including the production of synthetic aviation fuel which meets the specifications of ASTM D7566.

FTAI Energy Partners LLC has announced that its subsidiary has entered into a definitive agreement to acquire the Port Arthur Terminal in Port Arthur, Texas, US, and a 50% interest in the DRU located in Hardisty, Alberta, Canada, from a subsidiary of USD Group LLC.

Shell has taken a final investment decision on LNG Canada Phase 2 which will double production capacity at the facility in Kitimat, British Columbia.

SkyNRG has announced the selection of Technip Energies, Sasol, and Topsoe as key partners for the initial engineering activities of the FEED phase of Project Wigeon, its planned SAF facility at the Port of Walla Walla in Washington State, US.

MAIRE’s Tecnimont USA Inc. has signed the front-end engineering design (FEED) contract for Argent LNG’s export facility at Port Fourchon, Louisiana, US.

Petrobras has informed that it has received a payment of R$2.3 billion related to the Economic Subsidy for the Commercialization of Diesel, for the period from 16 July to 31 July 2026.

BASF SE has confirmed exploratory talks with RAG-Stiftung and Evonik Industries AG regarding a potential takeover of Evonik.

Petrovietnam Refining and Petrochemical Corp. (BSR) have exchanged a Framework Agreement for crude oil purchases with ExxonMobil Asia Pacific, an affiliate of ExxonMobil, opening a new avenue of cooperation in feedstock supply for Dung Quat Refinery.