Downstream contract news

Johnson Matthey Plc has announced the completion of its acquisition of CORMETECH Inc., following the satisfaction of customary closing conditions including all regulatory approvals.

For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average, the US EIA has reported.

Emerson has announced a new flameproof model for the Rosemount™ 965 Flame Detector, adding hazardous-location certification for applications where reliable hydrocarbon flame detection is required.

The Saudi Basic Industries Corp. have announced the signing of a Project Development Agreement with Rongsheng Petrochemical Co. Ltd. to jointly advance the development of the Jintang New Materials Project in Zhoushan, Zhejiang Province, China.

Fluor Corp. has announced that it has been selected by Gulf Petrochemical Industries Co. to execute the front-end engineering and design for a new aromatics facility located in the Kingdom of Bahrain.

Catalyxx has announced that Sines, Portugal, has been selected as the location for Catalyxx Ibérica, the company's first commercial-scale plant.

Celtic Renewables has partnered with Evonik to supply bio-based chemicals for use in cosmetics formulations.

AB KN Energies has announced an additional invitation to submit requests for the allocation of 2027 Klaipeda LNG terminal capacities, Lithuania.

OXEA Corp. has awarded Kent detailed engineering services for a major specialty chemicals project at its Bay City facility in Texas, US.

The transaction is expected to further strengthen ABB’s focus on electrification and automation and expand its offering for large and complex infrastructure and industries.