Downstream contract news

BASF is building a new pilot plant centre at its Ludwigshafen site, Germany, to strengthen its global catalyst development and help customers to bring new products faster to the market.

Harvestone Group has announced the acquisition of Gateway Terminals LLC, a bulk liquid terminal complex located on the banks of the Mississippi river in Sauget, Illinois, US.

McDermott’s CB&I Storage Solutions business has been awarded an EPC contract by AG&P for a second LNG storage tank and double-wall LNG bullet for AG&P's Philippines LNG (PLNG) terminal.

Marathon Petroleum Corp. (MPC) and ADM have announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel.

Toyo Engineering Corp. has been awarded a contract for a project to construct a polypropylene plant from Prime Polymer Co. Ltd.

W. R. Grace & Co., an independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL PP Process Technology to GAIL (India) Ltd.

Woodside Petroleum Ltd (Woodside) and BHP Group (BHP) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger.

Vertech Group’s tank inspection portfolio is set to expand, having recently been awarded a national bulk liquid storage tank inspection contract for onstream and offstream inspection services.

Jet Support Services Inc. (JSSI) aims to push toward a more sustainable future by providing clients with direct access to sustainability tools, resources and a carbon offset programme from Avfuel Corp.

According to GlobalData, China is expected to register the highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 50% of the total capacity additions by 2025.