Downstream contract news

Technip Energies and Anellotech have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s Plas-TCat™ process.

TotalEnergies and Vanguard Renewables have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm Powered® renewable natural gas (RNG) projects in the US.

MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG (PLNG), owner and operator of the first LNG export facility in South America.

Boeing has agreed to purchase 7.5 million gal. of blended Neste MY Sustainable Aviation Fuel™ in 2024 to support its US Commercial Airplanes business operations in reducing its greenhouse gas (GHG) emissions.

Heraeus Precious Metals has introduced its new offering for products made with 100% recycled precious metals.

Nippon Express Holdings Inc. has begun offering the NX-GREEN SAF programme in Japan.

Prada Group has announced its first investment in sustainable aviation fuel (SAF) credits, utilising DHL Global Forwarding’s GoGreen Plus service.

Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy.

Air Liquide is continuing to expand its capacities in biomethane (RNG) with the construction of two new production units.

The EIA reports that US ethane production, consumption, and exports established new record highs in 2023.