Downstream contract news

According to GlobalData, the US is expected to lead North America’s planned and announced gas processing capacity additions projects over the next 5 years, contributing approximately 65% of the regions gas processing additions by 2025.

Chevron Corp. has issued an updated climate change resilience report that further details the company’s ambition to advance our lower carbon future. 

KP Engineering and Omni Conversion Technologies Inc. have signed a new agreement to collaborate on green hydrogen initiatives.

thyssenkrupp Uhde Africa and Wismut GmbH have been appointed to execute a pre-feasibility for study for a Renewable Underground Pumped Hydroelectric Energy Storage (RUPHES) project on a specific site with a South African mining company.

Mammoet has completed the first lift using its innovative FOCUS30 crane; helping to reduce disruption during scheduled turnaround activity at a refinery in the UK.

Technip Energies and Siemens Energy have announced an exclusive agreement to jointly develop, commercialise, and license the Rotating Olefins Cracker (ROC) technology to decarbonise olefin production processes.

bp has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state, US.

Ardian, a private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, have announced a partnership to create Hy24, an equally owned joint venture.

LyondellBasell has announced its ambition of, and approach to, achieving net zero emissions from global operations by 2050. As an interim step toward 2050, the company also announced a strategy to achieve an absolute reduction of 30% in scope 1 and scope 2 emissions by 2030.

Shell and BASF aim to accelerate the transition to net-zero by working together to evaluate, de-risk, and deploy BASF’s Sorbead adsorption technology for pre- and post-combustion Carbon Capture and Storage (CCS) applications.