Downstream contract news

Brooge Petroleum and Gas Investment Co. FZE (BPGIC) has signed a refinery agreement with an oil trading company for a 25 000 bpd modular refinery.

INEOS Chemicals Grangemouth, INEOS FPS and Petroineos, have signed an MOU with the Acorn CCS Project to develop Scotland’s first carbon capture and storage system by 2027.

BASF will expand its mobile emissions catalysts production plant in Chennai, India. The double-digit million Euro investment will nearly double the company’s catalysts production capacity for the heavy-duty on- and off-road segment.

TotalEnergies and Veolia have joined forces to accelerate the development of microalgae cultivation using CO2.

Avfuel Corp. has collaborated with Million Air Burbank (KBUR) – an Avfuel-branded FBO – to provide its customers with a consistent supply of Neste MY Sustainable Aviation Fuel.

Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt refinery.

According to EIA, as a result of several US refinery closures in 2020, US operable atmospheric crude oil distillation capacity dropped 4.5% to a total of 18.1 million bpd at the start of 2021.

The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6 – 7%.

The Ecoslops petroleum residues recycling (P2R) unit has started-up at the TotalEnergies La Mède platform in Bouches-du-Rhône, France.

Red Sea National Refining and Petrochemicals Co. (Red Sea Co.) has awarded Worley a services contract for a greenfield integrated refinery and petrochemicals complex in Egypt.