Downstream contract news

TA’ZIZ has announced that the TA’ZIZ Methanol Co. has achieved financial close on US$2 billion (AED7.34 billion) financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City.

Borouge Plc is set to deliver the first batch of Cross-Linkable Polyethylene (XLPE) materials from its Borouge 4 expansion project this quarter, further supporting the development of the UAE’s energy sector.

LyondellBasell has announced that it has completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA.

TA’ZIZ and Alpha Dhabi Holding have announced a strategic collaboration agreement for ~$10 billion (AED36.7 billion) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in the UAE.

Zeeco has entered into a definitive agreement to acquire Oil & Gas Technologies, an Australia-based provider of vapour control and related equipment for the downstream liquid fuels storage and energy sector.

Exolum has signed an agreement with Severnside Carbon to advance the development of a carbon dioxide (CO2) storage terminal in Avonmouth, in the Port of Bristol, UK.

Ameresco Inc. and HA Sustainable Infrastructure Capital Inc. have announced their agreement to spin off Ameresco’s biofuels business into a newly formed joint venture, Neogenyx Fuels.

TA’ZIZ has announced the signing of long-term agreements spanning offtake, feedstock, and sales across its chemicals portfolio valued at US$28.5 billion (AED104.6 billion).

Lummus Technology has announced that GPS Renewables has selected its ethanol-to-jet technology for National Thermal Power Corp.'s Project at Pudimadaka, Andhra Pradesh, India.

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.