Downstream contract news

PETRONAS has entered into a sale and purchase agreement with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd for the supply of 1 million tpy of LNG.

Technip Energies has announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc., a global leader in specialty catalysts and advanced materials.

A new report from the International Energy Agency (IEA) shows employment in the global energy sector expanding twice as fast as the rate for the overall economy, even as skilled labour bottlenecks pose rising risks.

Neste and Cathay Group have agreed on the supply of Neste MY Sustainable Aviation Fuel™ for the group’s aviation operations across three major aviation regions.

Clariant has announced the continued performance of its high-efficiency CATOFIN catalyst and heat-generating material (HGM) at Ningxia Runfeng New Material Technology Co. Ltd’s PDH unit.

Severn Group has announced that it has been acquired for US$480 million dollars by Valmet.

Baker Hughes has announced that it has received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tpy export facility currently under construction in the US.

Aarti Industries has announced it has secured multiple long-term supply contracts for key chemical commodities, including methanol and toluene, with manufacturers and suppliers across GCC countries and Southeast Asia.

Babcock & Wilcox has announced that it has been awarded a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.

Sandpiper Chemicals, LLC has announced that it has selected Air Water Gas Solutions Inc. as its presumptive industrial gases supplier for its Texas City, Texas, US, blue methanol facility.