Downstream contract news

Licella has announced strategic funding from Diamond Edge Ventures (DEV), the corporate venture capital arm of Mitsubishi Chemical Group (MCG), a Japanese chemical company, under a Business and Capital Alliance Agreement.

Moeve and Zaffra, a joint venture between Sasol and Topsoe, have announced the signing of an MoU to advance European aviation fuel decarbonisation.

Hexagon Composites ASA has announced the acquisition of Worthington’s alternative fuels business, Sustainable Energy Solutions, (SES Composites).

VRC Group has secured BPCL Bina-1 tender for construction works to the Bina Refinery, Sagar District, India.

IHI Corp. and Royal Vopak have signed a joint development agreement for the proposed establishment of a joint venture for the development and operation of an ammonia terminal in Japan.

Gföllner Group and INNIIO have launched a joint venture, INNIO Gfoellner Power Systems LLC (IGPS), to meet the rising demand for decentralised, flexible energy solutions.

Venture Global have announced the execution of a new 20 year sales and purchase agreement (SPA) with PETRONAS LNG Ltd.

The Port of Gothenburg has signed new agreements with one of its largest customers in the energy sector, Inter Terminals Sweden.

BHP has signed contracts with COSCO Shipping Bulk Co., Ltd., a subsidiary of COSCO Shipping Group, for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers.

Centrica and PTT have signed a heads of agreement for a long-term LNG supply deal for a 10-year period.