Downstream contract news

Aether Fuels have announced the formation of its inaugural Advisory Board, bringing together five distinguished leaders whose expertise spans aviation, energy, climate policy, finance, project development, and corporate strategy.

The European Commission has approved, under EU State aid rules, two Dutch schemes with a combined budget of €290 million to support sustainable aviation fuels (SAF).

Exolum has completed the acquisition of a minority stake in SeaSeaS Amsterdam, a project developing a multimodal CO2 export terminal at the Port of Amsterdam, the Netherlands.

Air Canada and Airbus have announced their intent to establish a jointly funded Sustainability Co-Investment Platform to invest up to approximately CAN$13.7 million through the platform to support a commercial-scale SAF industry in Canada.

Argent LNG has announced the formal submission of its waterway suitability assessment to the US Coast Guard, marking a significant step in the company’s engagement with the full suite of federal agencies required for its LNG export project.

Convertus Group has announced the successful financial close of $135 million in project financing for its flagship biofuel facility located in York Region, Ontario, Canada.

Bharat Heavy Electricals Ltd has secured a significant order for the supply and supervision of erection and commissioning of eight gas turbine generator packages from Dangote Refinery, Nigeria.

BP has completed the sale of Gelsenkirchen refinery, Germany, and related businesses to Klesch Group.

MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.

L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.