Downstream news updates

Vitol Inc. and IRH Global Trading Ltd have declared executed a natural gas sale and purchase agreement.

MAIRE has announced that it has signed an MoU with the Sovereign Wealth Fund of Kazakhstan Samruk-Kazyna and the Italo-Kazakh Trade Association (ACIK) to cooperate on the development of a SAF platform in the Republic of Kazakhstan.

INEOS Oligomers has announced the expansion of its global DIB offering with the introduction of DIB99S (Diisobutylene 99% with BHT).

ABB’s SensyMaster flowmeter now delivers verified thermal mass flow measurement for the chemicals, oil and gas, power and utilities, and industrial gas industries.

The US Energy Information Administration has reported that US refineries processing capacity and crude oil stocks have fallen throughout June.

A second FSRU terminal will be constructed in the Gulf of Gdansk, meaning Poland will operate three LNG terminals.

Petrobras has approved the FID for the RPBC Biorefining project, which entails the construction of a dedicated plant for producing SAF and renewable diesel at the Presidente Bernardes Refinery in Cubatão, São Paulo, Brazil.

Baker Hughes has announced an award to provide comprehensive lifecycle services and iCenter™ digital services for turbomachinery equipment at the greenfield ANOH Gas Processing Plant in Nigeria.

On 28 April 2026, the UAE announced that it was leaving OPEC, effective on 1 May, which has reduced the group's global share of crude oil production and capacity.

The Tank Storage Association (TSA) has published the latest edition of its Annual Review of the bulk storage and energy infrastructure sector.

LBC Tank Terminals has taken the final investment decision to execute Project Rainbow 5 Phase A at its Rotterdam Terminal, advancing the next phase of the terminal’s multi-year expansion programme.

Petrobras has completed the production and sale of the first batch of SAF produced from CORSIA-certified low-risk ILUC soybean oil, which attests to sustainability criteria and a lower risk of impact on new areas.

GlobalData has reported that low-cost feedstock and developed infrastructure will support PVC capacity additions in the Middle East.

Wood Mackenzie has forecasted Brent averaging US$78/bbl in 2027 and potentially easing to US$70/bbl by 4Q27, following a US-Iran MoU that has shifted market sentiment away from a prolonged Strait of Hormuz closure.

Cognite has announced the launch of its Integrated Supply Chain offering, which extends the Cognite AI and Data Platform beyond the plant.

INEOS Styrolution has announced its decision to permanently close its polystyrene production site in Illinois, US, with decommissioning and an orderly closure process expected to be completed in 4Q6.

MAIRE has announced that Nextchem, through its subsidiary MyRechemical, has signed a licensing agreement with SUSTAERO GP Inc. in relation to a project for the production of SAF from biomass in Canada.

Jenny Cabrera, Octave, explores the operational, engineering and workforce strategies UK chemical plants can adopt to navigate a prolonged period of underutilisation.

John Crane has developed a validated methodology that significantly improves the accuracy of drivetrain analysis in critical rotating equipment.

The Zululand Energy Terminal has signed a heads of agreement with ExxonMobil South Africa LNG Ltd for the development of South Africa’s first LNG import terminal at the Port of Richards Bay.

Honeywell has announced that its modular Ecofining™ process technology, specialised pumps, compressors, and integrated control and safety systems will help drive SAF and renewable diesel production for Acelen Renewables' greenfield site in Bahia, Brazil.

ECOnnect Energy has signed an agreement with Sociedad Portuaria Puerto Bahía S.A. to deliver its jettyless transfer system for Puerto Bahía´s fast-tracked LNG import terminal in Colombia.

EcoCeres has announced the extension of its sustainable aviation fuel supply agreement with British Airways until the end of 2030.

The EU is on course to fall short of its legally mandated carbon capture and storage target by at least 17.5 million tpy, according to Wood Mackenzie's latest analysis.