Downstream contract news
Hong Kong to establish a SAF hub in Dongguan
EcoCeres have signed an Investment Letter of Intent with the Dongguan Municipal People's Government to establish the first complete SAF supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area.
PCS selected for CDU design of America First Refining project
Process Consulting Services, Inc. (PCS) has been selected to provide crude and vacuum unit designs for the newly announced America First Refining (AFR) Project in Brownsville, Texas, the first grass-roots refinery built in the US in over 50 years.
INEOS Enterprises agrees to sell INEOS Calabrian to Ecovyst
INEOS Enterprises has announced that it has agreed to sell it shares in INEOS Calabrian, its ultra-pure sulfur dioxide and derivatives business, to Ecovyst.
Lantern LNG selects Honeywell to drive Matagorda Bay facility
Lantern LNG Holding Company, LLC has announced its intention to use Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay, US.
EIA: DOE released 17.5 million bbl from SPR since March
Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.
Wood Mackenzie: UAE exit rattles OPEC’s grip on the oil market
The UAE's withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organisation's 66-year history and increases the risk of oversupply weakening prices, according to Wood Mackenzie.
INEOS Acetyls and Sandpiper Chemicals announce collaboration for low-carbon methanol project
INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low-carbon methanol production facility in Texas City, Texas, US.
Nextchem (MAIRE) awarded new contract in China
MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.
Emerson and Aramco deploy AI Solution for higher refinery yield volume
Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.
Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets
Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.