Downstream contract news
Axens’ technology selected by Marathon Petroleum Corporation
The tool has been especially useful for network subject matter experts to compare unit performance across their refineries.
INEOS announces mega-investment in port of Antwerp
The capital outlay is the largest in the European chemical industry in the past two decades.
PJSC Nizhnekamskneftekhim and Haldor Topsoe sign methanol unit contract
The new methanol unit is expected to make the isoprene facilities more efficient and reduce production costs.
Par Pacific closes acquisition of US Oil & Refining Co.
Par Pacific acquires US Oil & Refining Co. and certain affiliated entities for US$358 million plus working capital.
Kemira forms chemicals JV in South Korea
NewCo will produce dry polyacrylamide and cationic monomer A9 among other chemicals.
BP to expand petrochemical presence in South Korea
BP and Lotte have agreed a major expansion of production capacity at their JV Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
McDermott awarded EPC contract for fuel tanks in Australia from Puma Energy
Onsite work is scheduled to commence in the first quarter of 2019 with completion scheduled for the third quarter of 2020.
Husky Energy considering sale of non-core downstream assets
The company will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.
BP Energy Partners gains controlling interest in Cryopeak LNG Solutions
Cryopeak will become a portfolio company in BP Natural Gas Opportunity Partners II.
Enstor acquires Colorado natural gas storage facility
Affiliate of ArcLight Capital Partners has acquired the East Cheyenne facility.