Downstream contract news

Vertex Energy has announced that it has formally named BofA Securities, Inc. (BofA) as Vertex’s strategic financial advisor to assist with the company's renewable fuels and sustainable products growth strategy.

Excelerate Energy, Inc. has announced that it has signed a ten-year contract with Petróleo Brasileiro S.A. (Petrobas) to charter the floating storage and regasification unit (FSRU), Sequoia.

Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).

Celeros Flow Technology has finalised the sale of its filtration business unit to London headquartered private equity firm, PX3 Partners (PX3).

According to new research from Centrica Business Solutions, almost 59% of UK businesses plan to explore the role of hydrogen-based energy technologies to help them transition to net zero.

Honeywell and GranBio have announced that they will combine Honeywell's ethanol to jet (ETJ) technology with GranBio's cellulosic ethanol AVAP® technology to produce carbon neutral sustainable aviation fuel (SAF).

Ras Laffan Petrochemicals, a joint venture (JV) company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, has secured US$4.4 billion to finance an integrated polymers facility.

BP’s Archaea Energy has announced the official startup of its original Archaea Modular Design (AMD) renewable natural gas (RNG) plant in Medora, Indiana, US.

Svante has entered into a commercial supply agreement with BASF to scale up its proprietary sorbent material, Calgary Framework 20 (CALF-20), used in Svante’s carbon capture process.

Masdar have joined forces with Boeing to propel the sustainable aviation fuel (SAF) industry in the UAE and globally.