Downstream news updates

Chevron Lummus Global (CLG) and TAQAT Development Co. have announced a license and engineering agreement for a needle coke/synthetic graphite complex.

Sinopec has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry in Kazakhstan, to develop a polyethylene project in the Atyrau region.

Uzbekistan’s methanol-to-olefins gas chemical complex has signed an industrial gas processing agreement with Air Products to build a methanol production facility.

Constellation has set an industry record for blending high concentrations of hydrogen with natural gas – further proof that hydrogen can be an effective tool to lower greenhouse gas emissions.

Carbon Clean has announced the award of a new contract to KBR for the detailed design of a carbon capture plant for Ørsted's FlagshipONE project in Sweden.

Lummus Technology has announced that it has reached an agreement with Siemens Energy to acquire assets from its water solutions portfolio including intellectual property and copyrights, trade secrets, and research and development properties.

The Fergana oil refinery in Uzbekistan has made significant progress with its ambitious renovations.

McDermott has been awarded a project management consultancy contract from IOCL for the maleic anhydride unit at the Panipat refinery and petrochemical complex, located 62 miles from New Delhi, India.

Asia is expected to lead global ethylene industry capacity additions with a share of 54.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 – 2027.

World Fuel Services and Neste have announced their recently signed agreement for SAF, further strengthening the relationship between these two global companies.

With record high margins in 2022 pushing toward increasing market tightness, volatility, and potential long-term challenges, players can use this time as an opportunity to become more resilient. Cherry Ding, Tim Fitzgibbon, Hari Govindahari and Brian Roth, McKinsey, discuss.

The UAE's economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand.

Koch Engineered Solutions and Chart Industries agree to collaborate on carbon capture utilisation and storage (CCUS) projects.

ORLEN Poludnie has recently concluded the first year of operation of its BioPG plant, converting glycerol, a byproduct of biodiesel production, into renewable propylene glycol.

BCCK's patent-pending technology has been designed to optimise propane recoveries.

API has signed two separate MoUs with ASNT and NDTMA to support the industry’s shared goal of promoting quality non-destructive testing and examination, and enhanced safety for the natural gas and oil industry.

Aspen Technology's process simulation software is being integrated with BPCL's real-time crude assaying platform to achieve greater agility and more accurate decision making in feedstock selection.

Graforce and Worley are cooperating to scale methane electrolysis – a technology that converts natural gas, LNG, flare gas and other hydrocarbons into hydrogen – across the APAC region.

Cheniere has entered into a long-term LNG sale and purchase agreement with KOSPO, whereby KOSPO has agreed to purchase approximately 0.4 million tpy of LNG from Cheniere Marketing.

Masdar has signed an agreement with Airbus to support the development and growth of the global SAF market.

Technip Energies and Consolidated Contractors Co.'s joint venture has won a major EPCC contract from QatarEnergy for the onshore facilities of the North Field South project.

LNG contracting activity is off to a strong start in 2023, with around 13 million tpy of long-term Brent-linked deals having been signed since November 2022.

The €1.6 billion Singapore refinery expansion project has been successfully completed, and Neste is celebrating its opening.

Evonik has announced that the MACBETH technology project is taking shape and has received a positive interim evaluation from the EU Commission.