Downstream news updates

TA’ZIZ has announced that the TA’ZIZ Methanol Co. has achieved financial close on US$2 billion (AED7.34 billion) financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City.

Borouge Plc is set to deliver the first batch of Cross-Linkable Polyethylene (XLPE) materials from its Borouge 4 expansion project this quarter, further supporting the development of the UAE’s energy sector.

Edison has announced that it has received an update from QatarEnergy of ongoing force majeure affecting LNG supplies delivered to the Adriatic LNG terminal.

Even if a deal is struck, Rystad Energy cautions that the consequences for physical oil markets will be slower and more conditional than futures prices are currently pricing in.

LyondellBasell has announced that it has completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA.

TA’ZIZ and Alpha Dhabi Holding have announced a strategic collaboration agreement for ~$10 billion (AED36.7 billion) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in the UAE.

Zeeco has entered into a definitive agreement to acquire Oil & Gas Technologies, an Australia-based provider of vapour control and related equipment for the downstream liquid fuels storage and energy sector.

Exolum has signed an agreement with Severnside Carbon to advance the development of a carbon dioxide (CO2) storage terminal in Avonmouth, in the Port of Bristol, UK.

Ameresco Inc. and HA Sustainable Infrastructure Capital Inc. have announced their agreement to spin off Ameresco’s biofuels business into a newly formed joint venture, Neogenyx Fuels.

TA’ZIZ has announced the signing of long-term agreements spanning offtake, feedstock, and sales across its chemicals portfolio valued at US$28.5 billion (AED104.6 billion).

Lummus Technology has announced that GPS Renewables has selected its ethanol-to-jet technology for National Thermal Power Corp.'s Project at Pudimadaka, Andhra Pradesh, India.

EcoCeres have signed an Investment Letter of Intent with the Dongguan Municipal People's Government to establish the first complete SAF supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area.

Process Consulting Services, Inc. (PCS) has been selected to provide crude and vacuum unit designs for the newly announced America First Refining (AFR) Project in Brownsville, Texas, the first grass-roots refinery built in the US in over 50 years.

INEOS Enterprises has announced that it has agreed to sell it shares in INEOS Calabrian, its ultra-pure sulfur dioxide and derivatives business, to Ecovyst.

The UAE’s decision to exit OPEC+, effective 1 May, has drawn considerable attention from oil market participants, Rystad Energy reports.

Lantern LNG Holding Company, LLC has announced its intention to use Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay, US.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.

The UAE's withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organisation's 66-year history and increases the risk of oversupply weakening prices, according to Wood Mackenzie.

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low-carbon methanol production facility in Texas City, Texas, US.

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.

Data released by Wood Mackenzie shows the Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.

Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.

Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.