Downstream contract news

Svanehøj will provide deepwell ammonia fuel pumps for eight bulk carriers owned by a leading maritime shipping and logistics group as part of a new contract.

Honeywell and Air Products have jointly announced that Honeywell has agreed to acquire Air Products' LNG process technology and equipment business for US$1.81 billion in an all-cash transaction.

Fluor Corp. has announced completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada.

Weekly US average gasoline prices have declined 19 cents/gal since the 2024 high on 22 April, falling to US$3.48/gal on 1 July, 5 cents/gal less than the price a year ago.

Lummus Technology has announced awards from Reliance Industries Ltd. to supply four Short Residence Time (SRT®) ethylene cracking heaters designed for hydrogen firing at two facilities in India.

Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, has signed a non-binding Heads of Agreement (HOA) with an affiliate of a top-tier credit-rated market participant for a long-term LNG free-on-board (FOB) sale and purchase agreement (SPA).

New Energy Blue and ARCO/Murray have announced a partnership to build out the New Energy biomass refinery designed platform across the US Midwest.

TOYO and Circular Plas have signed an agreement on the joint development of post-consumer plastics into recycled feedstock for petrochemicals.

Enerflex Ltd. (Enerflex) and BASF have entered into a Memorandum of Understanding (MoU) to jointly facilitate the commercial scale deployment of carbon capture, utilisation and storage (CCUS) applications.

MAIRE has announced that Kinetics Technology (KT) has been awarded an EPC project by HOLBORN Europa Raffinerie GmbH (HOLBORN) to develop an hydrotreated vegetable oil (HVO) complex inside HOLBORN’s refinery in Hamburg, Germany.