Downstream contract news

Sasol Chemicals and German startup INERATEC have signed a letter of intent (LoI) committing to the supply of Sasol’s next generation catalyst as soon as the development cycle is completed in 2026.

bp has announced that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, as part of its divestment programme to focus business on low-carbon energy and oil and gas.

MT Group has been awarded a major contract for the execution of all topside and onshore-based infrastructure at the new jetty in Brunsbüttel FSRU LNG terminal in Germany.

At the Invest Zambia International Conference, the Industrial Development Corp. (IDC) has signed two memoranda of understandings (MoUs) worth over US$2 billion, securing major investments in Zambia’s energy sector.

Moeve and Zaffra, a joint venture between Sasol and Topsoe, have announced the signing of an MoU to advance European aviation fuel decarbonisation.

Neste and DHL Express have strengthened their collaboration with the supply of neat, unblended, SAF to DHL Express at Singapore Changi Airport starting July 2025.

Baker Hughes and PETRONAS have announced that they have entered into an MoU on a strategic partnership to explore business initiatives to support the delivery of Asia’s energy transition.

Global Energy Storage Group (GES) has completed the sale of its Rotterdam terminal, held through GES Netherlands B.V., to Tepsa.

Singapore-based petrochemicals, green energy, and natural resources conglomerate, ChemOne Group, has announced a significant milestone in the financing of the Pengerang Energy Complex (PEC) in Malaysia.

bp has reached an agreement to sell its mobility and convenience and bp pulse businesses in the Netherlands to Catom, part of bp’s previously announced divestment programme.