Downstream contract news
Vitol and IFM complete acquisition of VTTI
The partnership has acquired Buckeye Partners’ 50% equity interest in the storage provider.
Uniper and Titan LNG to enable Wilhelmshaven terminal to load small LNG vessels
The distribution of LNG by truck from Wilhelmshaven is seen as an important impulse for the establishment of LNG as truck fuel.
Honeywell technology selected for China’s largest petrochemicals project
Honeywell will provide process technology, engineering design, catalysts and control and automation technologies.
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.