Downstream contract news

Wood has signed a collaboration agreement with OMV for the commercial licensing of its innovative plastic recycling technology, ReOil®.

World Energy has announced a long-term agreement with Microsoft to accelerate the decarbonisation of corporate air travel and its supply chain cargo through the purchase of sustainable aviation fuel certificates (SAFc).

Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for US$500 million.

Nuberg EPC has been awarded a propylene purification package (PPP) contract by Indian Oil Corp. Ltd. (IOCL).

Samsung Engineering has received the NoA (Notice of Award) for the FEED contract for a petrochemical plant from Alujain National Industrial Co. (LNIC) in Saudi Arabia.

In a fast-growing biofuel market, driven by the demand for sustainable growth, Arkema has announced it will increase its global production capacity of dimethyl disulfide (DMDS), an additive that is key in the production of renewable fuels.

3Q23 marked an important milestone for Chilean oil refiner, ENAP Refinerías S.A. (ENAP), with the successful startup of their newly installed BELCO® wet gas scrubber at the Aconcagua Refinery located in Concón, Chile.

LG Chem and Eni Sustainable Mobility have announced that they are exploring the possibility to develop and operate a new biorefinery at LG Chem’s Daesan chemical complex, South Korea.

TotalEnergies and Air Liquide have signed an agreement for the long-term supply of green and low-carbon hydrogen to the TotalEnergies refining and petrochemical platform in Normandy, France.

Sempra Infrastructure has announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.