Downstream contract news
Aramco to acquire a stake in Rongsheng Petrochemical
Aramco has completed a US$3.4 billion purchase to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd.
ExxonMobil announces acquisition of Denbury
ExxonMobil has entered into a definitive agreement to acquire Denbury Inc, a developer of CCUS solutions.
Technip Energies and LanzaTech to collaborate on CO2-to-ethylene technology
Technip Energies and LanzaTech Global, Inc. have signed a joint collaboration agreement to create a new pathway to sustainable ethylene.
Baker Hughes to supply liquefaction trains for NextDecade’s Rio Grande LNG Project
Baker Hughes has been awarded an order by Bechtel Energy Inc. to supply three main refrigerant compressors (MRCs) for NextDecade’s Rio Grande LNG project.
LyondellBasell announces investment in carbon neutrality venture fund
LyondellBasell has announced its investment in a new carbon neutrality fund led by Chrysalix Venture Capital.
Cheniere and ENN sign long-term LNG Sales and Purchase Agreement
Cheniere Energy has entered into a long-term LNG Sales and Purchase Agreement (SPA) with ENN LNG.
bp has joined the GCMD as a strategic partner
GCMD was set up to help drive decarbonisation of the maritime industry and bp is pleased to be working with the organisation to help further this aim.
Neste and CINEA sign the EU Innovation Fund’s grant agreement for its clean hydrogen project
The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.
MoU signed on study into SAFs in India
Groupe ADP, GMR Airports, Airbus, Axens and Safran have signed a MoU to conduct a joint study on Sustainable Aviation Fuels (SAF) and their potential in India.
Natural Resource Partners L.P enters into CCS agreement with Denbury
The companies have executed an agreement for the evaluation and potential development of a permanent CO2 sequestration site located on Alabama’s Gulf Coast in the US.