Downstream contract news

UPC Technology Corp. and BASF signed a strategic letter of intent on LowPCF products during the UPC Technology & BASF Low Carbon Footprint Strategic Partnership Summit at UPC's Zhuhai site, China.

TotalEnergies has agreed to acquire Plastic Energy's 35% interest in the Grandpuits advanced recycling plant, France, which is now wholly owned by TotalEnergies.

Covestro, Fertiglobe, and MB Energy have signed an MoU to explore an ammonia supply chain collaboration.

Oil markets remain under intense pressure as disruptions to crude and refined product supplies from the Strait of Hormuz crisis continue to ripple through global markets, the IEA has reported.

Borouge Group International AG has announced that it has delivered the first batch of materials from its new Cross-Linked Polyethylene (XLPE) plant in the UAE to customers in the region.

Following the licence agreement signed between S-Oil and Axens in late 2024 for Axens’ Liquid Phase Xylene Isomerization (LPI) technology, the project has now reached final investment decision.

Clariant, in partnership with Lummus Technology, has announced that it has been awarded a contract by Zhejiang Petroleum & Chemical Co. Ltd to supply its CATOFIN™ catalyst and HGM for a new propane dehydrogenation unit in Zhejiang Province, China.

Argent LNG has signed a memorandum of understanding with the Government of the Republic of Albania to jointly evaluate the development of a large scale onshore LNG storage and regasification terminal on the Albanian coast.

Yokogawa Electric Corp. have signed an agreement with ELES and Plinovodi, and to advance the nationwide hydrogen ecosystem in Slovenia.

Axens and Wison Engineering have signed an MoU to explore collaboration opportunities on global SAF and eSAF projects, including the Fischer-Tropsch pathway.