Downstream contract news

VARO Energy has announced that it has completed the Preem AB acquisition, marking the delivery of VARO Energy’s 2022 ONE VARO Transformation strategy by creating VAROPreem.

L&T Onshore has won a large order from Petronet LNG for the construction of additional storage at the Dahej Petrochemical Complex in Gujarat, India.

Ammobia has raised US$7.5 million to scale its low-cost ammonia production technology which has the potential to be critical to energy resilience.

Econotherm has announced that it has been awarded a contract exceeding €3 million for the supply of three fired heater air pre-heaters in a Rotterdam-based refinery, the Netherlands.

TotalEnergies and Bapco Energies have launched BxT Trading, an equally owned trading joint venture backed by flows from Bapco Energies’ Refinery.

Aether Fuels has announced new leadership appointments and US$15 million in additional funding that will help accelerate the company’s momentum toward full commercialisation.

CB&I has been awarded a contract by We Energies to design and build a full-containment LNG storage tank for a peak shaving facility in Wisconsin, US.

Uniper and AM Green Ammonia have signed a long-term offtake agreement for up to 500 000 tpy of renewable ammonia from India.

VLS Environmental Solutions has acquired Merichem’s Caustic Services business, a move that enhances VLS’ reach in the chemical and petrochemical sectors.

Ketjen has announced that it will implement a pricing adjustment for its hydroprocessing catalyst portfolio, effective 15 January 2026.