Downstream contract news

Berkshire Hathaway and Occidental have announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for US$9.7 billion.

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

Plug Power has delivered its first 10 MW electrolyser for a 100 MW green hydrogen project at Galp’s Sines Refinery, Portugal.

Porsche AG and BASF SE, in collaboration with technology partner BEST, have completed a pilot project on recycling mixed waste from end-of-life vehicles.

Siegwerk, Borouge, and TPN have launched a fully recyclable, mono-material barrier stand-up pouch to meet the needs of converters, brand owners, and consumers seeking sustainable, high-functioning packaging.

thyssenkrupp Uhde has commissioned the start-up of a hydrogen recovery unit (HRU) at the Fertil plant in Ruwais, UAE, owned by Fertiglobe.

Synthomer and Lummus Technology have announced the launch of a new partnership to license Synthomer’s proprietary acrylic acid esters technology.

LanzaJet has been awarded more than £10 million from the UK Department for Transport’s Advanced Fuels Fund (AFF) to accelerate development of Project Speedbird, a major SAF biorefinery in Teesside, UK.

OXCCU, the Oxford University spin-out developing a one-step process to convert waste carbon into SAF, has raised £20.75 million ($28 million) in a Series B funding round.

New Fortress Energy Inc. has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of LNG to Puerto Rico.