Downstream contract news

Technip Energies and Siemens Energy have announced an exclusive agreement to jointly develop, commercialise, and license the Rotating Olefins Cracker (ROC) technology to decarbonise olefin production processes.

bp has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state, US.

Ardian, a private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, have announced a partnership to create Hy24, an equally owned joint venture.

LyondellBasell has announced its ambition of, and approach to, achieving net zero emissions from global operations by 2050. As an interim step toward 2050, the company also announced a strategy to achieve an absolute reduction of 30% in scope 1 and scope 2 emissions by 2030.

Shell and BASF aim to accelerate the transition to net-zero by working together to evaluate, de-risk, and deploy BASF’s Sorbead adsorption technology for pre- and post-combustion Carbon Capture and Storage (CCS) applications.

Shell Oil Products US, a subsidiary of Royal Dutch Shell plc, has successfully achieved startup and production of renewable natural gas (RNG) at its first US biomethane facility, Shell New Energies Junction City in Oregon.

Maire Tecnimont S.p.A. has announced that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPC lump sum-turn key contract by LOTOS Oil, concerning the expansion of the Gdansk Refinery.

Aramco, Air Products, ACWA Power and Air Products Qudra sign definitive agreement for the asset acquisition and project financing of the US$12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.

Leaders of the world’s largest energy sector businesses are focusing their investments on talent and technology as the industry faces continued uncertainty from COVID-19 and the climate crisis, according to new research from KPMG.

INEOS Grangemouth has announced planned further investment of over £1 billion towards reducing greenhouse gas emissions at its site to net zero by 2045.