Downstream contract news

Following the licence agreement signed between S-Oil and Axens in late 2024 for Axens’ Liquid Phase Xylene Isomerization (LPI) technology, the project has now reached final investment decision.

Clariant, in partnership with Lummus Technology, has announced that it has been awarded a contract by Zhejiang Petroleum & Chemical Co. Ltd to supply its CATOFIN™ catalyst and HGM for a new propane dehydrogenation unit in Zhejiang Province, China.

Argent LNG has signed a memorandum of understanding with the Government of the Republic of Albania to jointly evaluate the development of a large scale onshore LNG storage and regasification terminal on the Albanian coast.

Yokogawa Electric Corp. have signed an agreement with ELES and Plinovodi, and to advance the nationwide hydrogen ecosystem in Slovenia.

Axens and Wison Engineering have signed an MoU to explore collaboration opportunities on global SAF and eSAF projects, including the Fischer-Tropsch pathway.

Sapphire Gas Solutions has announced the acquisition of assets owned by Spectrum LNG, a leading small scale LNG producer.

Matrix Service Co. has announced that America First Refining has awarded the company the front-end engineering and design of the storage tank farm for AFR’s large scale refining facility in Brownsville, Texas, US.

A joint industrial decarbonisation project from Shell, Schneider Electric, and Axens demonstrates how electrification, process technology and site integration can help reduce direct CO2 and NOx emissions from refinery heating.

Avantium N.V. has completed the commissioning of the purification unit at its FDCA Flagship Plant in Delfzijl, the Netherlands, the world's first commercial-scale plant for the production of furandicarboxylic acid.

The Government of Bangladesh and the Islamic Development Bank have signed US$1 billion financing agreement for the modernisation and expansion of the Eastern Refinery Project.