Downstream contract news

ITT Inc. has announced the closing of its acquisition of SPX FLOW, Inc., a provider of highly engineered equipment and process technologies serving industrial and chemical markets.

US developers signed sale and purchase agreements for 40 million tpy of LNG in 2025 from planned export facilities, according to US Department of Energy and company website data compiled by the US Energy Information Administration.

EnerMech has secured a five-year contract to deliver integrated mechanical, electrical, and instrumentation (ME&I) maintenance services at Ampol’s Lytton Refinery in Brisbane, Australia.

Escalating conflict in the Middle East and restrictions at the Strait of Hormuz are disrupting critical global flows of chemicals, plastics, and energy, the ICIS has reported.

Moeve has reached the final investment decision to begin construction of Southern Europe’s largest green hydrogen project, located in Andalusia, Spain.

TotalEnergies has signed a preliminary agreement with Glenfarne for the long-term offtake of 2 million tpy of LNG from the Alaska LNG project over 20 years.

Honeywell has announced that Verso Energy will use Honeywell UOP’s methanol-to-jet processing technology to produce electro-sustainable aviation fuel (eSAF) at seven planned production sites globally.

Samsung C&T and Axens have signed a memorandum of understanding to collaborate on the deployment of carbon capture, utilisation, and storage projects.

Honeywell has announced that it has entered into an amended agreement to acquire Johnson Matthey's Catalyst Technologies business segment, which adjusts the total consideration from £1.8 billion to £1.325 billion and extends the long stop date to 21 July 2026.

HIF Global and German eFuel One GmbH have signed a HoA for the long-term offtake of e-Methanol from HIF’s Paysandú project in Uruguay.