Downstream contract news

After delays due to the COVID-19 pandemic, the Porvoo refinery, Finland, is preparing to execute a major turnaround starting in April 2021.

Jones Capital has announced the acquisition of Rockport Terminals, a private intermodal terminal on the Texas Gulf Coast, US.

Saipem and Hyperion Systems Engineering have launched a new company named SAIPEM-HYPERION Estimated Engineering Ltd.

Hindustan Petroleum Corp. Ltd (HPCL) has acquired a 50% equity stake in HPCL Shapoorji Energy Private Ltd (HSEPL) from S P Ports Private Ltd.

Petrobras has approved the sale of its Landulpho Alves refinery (RLAM) in São Francisco do Conde, Bahia, Brazil, and its associated logistical assets for Mubadala Capital for the amount of US$1.65 billion.

HyNet North West has received £72 million in funding from the UK government to help transition the country to ‘net zero’ greenhouse gas emissions by 2050.

Vopak LNG is investing in the feasibility of developing an LNG import terminal for Victoria, Australia.

Neste has launched the first in-flight 100% sustainable aviation fuel emissions study on a commercial passenger jet.

New Hope Energy’s Trinity Oaks Tyler plant has received the internationally recognised ISCC Plus™ mass balance certification for its pyrolysis oil and other co-products. 

PKN ORLEN has signed an oil supply contract with Rosneft, with the monthly contract volume amounting to 300 000 t of oil.