Downstream contract news

Total China Investment (TCI) will hold a 49% share in the new company while Zhejiang Zheneng Petroleum New Energy (ZZPNE) will hold the remaining.

ADNOC and the Russian Energy Agency have signed a far-reaching strategic framework agreement covering downstream oil, gas and petrochemicals.

Borealis and Neste are entering into strategic cooperation to produce polypropylene from renewable propane.

ADNOC, Adani, BASF and Borealis have signed an MoU to evaluate their collaboration for a petrochemical complex in Mundra, India.

Stephanie Cox has been appointed CEO of Wood’s Americas business.

Veolia has been awarded the contract for a seawater treatment package for the Liza Unity FPSO, offshore Guyana.

Air Liquide will build and operate a unit to supply nitrogen to Kazakhstan Petrochemical Industries’ new polypropylene plant.

S.M. Vadya has been promoted to the position of Director (Refineries) at IndianOil, overseeing the company’s refining and petrochemicals business.

ALE has successfully completed the installation of a new sulfur storage facility at the Lindsey Oil Refinery.

Arkema has announced the proposed divestment of its Functional Polyolefins business to SK Global Chemical.