Downstream contract news

MOL Group has become a biofuel producer through the realisation of its investment in the Danube refinery.

McDermott has completed a minority investment in Lummus Technology.

Scientific Aviation has announced the launch of Project Falcon, a 6-month joint industry partner study that aims to determine the best way to deploy continuous methane monitoring technology.

Dow has signed an agreement with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the ‘Dow South China Specialties Hub’.

Saulsbury is to design and install a new cryogenic processing facility in the Midland Basin.

Pavilion Energy and Chevron have signed a 6-year LNG sale and purchase agreement (SPA) for the supply of approximately 0.5 million tpy of LNG to Singapore from 2023.

Axens has been selected by NRL to license a naphtha hydrotreating unit, a continuous catalytic reforming unit, a C5-C6 isomerisation unit, and a FCC gasoline selective desulfurisation unit.

Subject to a final investment decision, upon operation the biorefinery will produce 200 000 tpy of renewable diesel from advanced bio-feedstocks.

Enbridge Gas is holding a binding open season for peak storage services at the Dawn Hub storage facility starting as early as 01 April 2021.

The transaction is expected to close in 2Q21 subject to customary closing conditions and regulatory approvals.