Downstream contract news

Ferguson Enterprises Inc. has announced that it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P.

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Baker Hughes of Chart Industries, both headquartered in the US.

Technip Energies has awarded Yokogawa Corp. of America the role of main automation contractor for the Commonwealth LNG project.

OXEA has announced its Final Investment Decision (FID) for a major capacity expansion at its Bay City, Texas, US, production site.

Mantel has announced a strategic supply agreement with Aalborg CSP to develop standardised plant designs for Mantel’s molten salt tank systems for carbon capture systems.

Catalyxx has secured a €20 million grant in EU funding through RenewChem for the construction of Catalyxx's first commercial bio-based chemicals plant in Europe.

UAB Ignitis has secured an additional 2 TWh of annual regasification capacity on the secondary market for the period of 2033 – 2044 for KN Energies’ Klaipeda LNG terminal.

Heurtey Petrochem Solutions has been selected by Transition Industries as the electrical tubular furnace provider for the Pacífico Mexinol project, a world-scale ultra-low-carbon methanol production facility under development in Mexico.

INEOS and Norwegian recycling company Recuro have signed a Memorandum of Understanding to develop an advanced recycling facility at INEOS’ Bamble polymer site in Norway.