Downstream news updates

Arab Petroleum Pipelines Company (SUMED) has signed a Term Sheet for handling, storing, and transferring crude oil feedstock and petroleum products with the Soukhna Refinery and Petrochemical Company (SRPC).

In line with the announcement made at the inauguration of a semi-industrial demonstration unit in Japan in October 2023, Axens, IFPEN and JEPLAN, partners in the project, have announced the launch of the commercialisation by Axens of the Rewind® PET process.

TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.

Alfa Laval has officially broken ground on a new facility in the County Line Commerce industrial park, marking a milestone in the company's commitment to enhancing its operations and customer service capabilities in the North American market.

Calumet, Inc. has announced that the US Department of Energy (DOE) Loan Programs Office (LPO) has awarded a conditional commitment for a loan guarantee of up to US$1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables.

Southwest Airlines Co. has announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Co. (Valero), a subsidiary of Valero Energy Corp., to bring SAF to Chicago Midway International Airport (MDW).

LyondellBasell (LYB) has announced it has become full owner of APK AG in Merseburg, Germany.

The US Energy Information Administration (EIA) reports that capacity to produce biofuels increased 7% in the US during 2023, reaching 24 billion gal./yr at the start of 2024.

The UK and Scottish Governments have stepped up plans to support workers at Grangemouth refinery, with immediate investment in skills and training.

Wood is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable carbon capture, utilisation and storage (CCUS) projects.

BASF has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s largest industrial heat pump.

Japan is projected to become the lead trade hub for captured carbon (CO2) by 2050 in the Asia-Pacific (APAC) region, according to Wood Mackenzie.

Stahl has announced the opening of a new facility for the manufacturing of polyurethane dispersions (PUD) in Singapore.

Johnson Matthey (JM) has announced the opening of its new Engineering Centre in Mumbai, India.

Graham Corp. has announced the successful launch of its steam ejector nozzle with a customer installation in a Gulf Coast refinery.

Neste’s renewable diesel is helping Verne, a provider of sustainable data centre solutions for high intensity computing, to transition its operations from fossil to renewable fuels.

The US Energy Information Administration reports that global refinery margins, measured by the 3:2:1 crack spread, have been less than their five-year (2019 - 23) averages since the spring and dropped even more in the late summer and early fall.

Honeywell has announced that the St1 refinery has started using Honeywell’s EcofiningTM technology to produce sustainable aviation fuel (SAF).

UNICAT has partnered with an international specialist to offer innovative ‘world-leading knowledge’ in design and build of ‘high-purity hydrogen’ producing PSA systems.

Baker Hughes and Repsol have announced a new agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) capabilities through the Leucipa™ automated field production solution.

Kinaxis® has announced a co-development deal with ExxonMobil to create supply chain technology solutions designed specifically for the energy sector.

Clariant has hosted a Memorandum of Understanding (MoU) signing ceremony with DS Dansuk at its Pohang production site in Korea to mark the commissioning of its Tonsil RNF series of high performing adsorbent.

TotalEnergies has signed a charter contract with Spanish shipowner, Ibaizabal, for a new LNG bunker vessel.

NEXTCHEM, through its subsidiary KT Tech, has been awarded by Binh Son Refining and Petrochemical Joint Stock Co. (BSR) the licensing and the process design package (PDP) for a new hydrogen production unit.