Downstream contract news

Sinopec has received the first carbon-neutral petroleum certificate issued by Shanghai Environment and Energy Exchange (SEEE).

Aramco, Air Products, ACWA Power and Air Products Qudra sign definitive agreement for the asset acquisition and project financing of the US$12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.

Leaders of the world’s largest energy sector businesses are focusing their investments on talent and technology as the industry faces continued uncertainty from COVID-19 and the climate crisis, according to new research from KPMG.

INEOS Grangemouth has announced planned further investment of over £1 billion towards reducing greenhouse gas emissions at its site to net zero by 2045.

Honeywell and Wood have announced a comprehensive package of technologies to support the effort to produce carbon-neutral aviation fuel (SAF).

Bently Nevada, a Baker Hughes business, and Saudi Basic Industries Corp. (SABIC) have announced a strategic framework alliance agreement for the supply of asset performance management services.

A second production facility for Kevilon in Knoxville, Tennessee, US, has been launched.

8 Rivers Capital LLC has announced an MOU between subsidiary Zero Degrees Whitetail 1 Ltd and Navigator Terminals to explore potential collaboration across the storage and transport of chemicals, gases and liquids in the UK by ship.

Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin.

MEGlobal has entered into an agreement with Calpine Energy Solutions for 100% renewable energy at MEGlobal's Oyster Creek petrochemical site in Texas, US, beginning in 2023.