Downstream contract news

TotalEnergies and Technip Energies signed a technical cooperation agreement to jointly develop low-carbon solutions for LNG production and offshore facilities to accelerate the energy transition.

Trinidad Petroleum Holdings Ltd (TPHL) has commenced a broad-based process for a transaction involving the Guaracara Refining Co. Ltd's refining assets, and the restart of the refinery.

McKinsey & Co. predicts that demand for light product, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition.

ProSep has secured two multi-million-dollar contracts that will lower the use of harmful chemicals in gas oil separation plants in the middle east.

JANAF Plc. has concluded contracts for transport of crude oil and storage of petroleum products with INA d.d.

McDermott has been selected by LACC to provide engineering, procurement and construction for a seventh heater addition to its LACC ethane cracker facility in Westlake, Los Angeles, US.

The Federal Government of Australia has announced a AU$260 million investment to expand the company’s diesel storage capacity.

Technip Energies has announced that the Bora LyondellBasell Petrochemical Co. Ltd’s 1000 tpy ethylene plant reached performance guarantees.

TotalEnergies has completed a transaction with GIP Australia (GIP) in relation to the downstream facilities of the Gladstone LNG project owned by its subsidiary Total GLNG Australia (TGA).

According to GlobalData, Asia is expected to lead the global polypropylene capacity additions with a capacity of 40.32 million tpy by 2025.