Downstream contract news

The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6 – 7%.

The Ecoslops petroleum residues recycling (P2R) unit has started-up at the TotalEnergies La Mède platform in Bouches-du-Rhône, France.

Red Sea National Refining and Petrochemicals Co. (Red Sea Co.) has awarded Worley a services contract for a greenfield integrated refinery and petrochemicals complex in Egypt.

China Petroleum & Chemical Corp. (Sinopec) has initiated China's first megaton carbon capture, utilisation and storage (CCUS) project, the Sinopec Qilu-Shengli oilfield CCUS.

Oiltanking North America LLC (Oiltanking) has entered into a non-binding Letter of Intent (LOI) with ReGen III Corp. (ReGen III) to develop and operate logistics for ReGen’s used motor oil re-refinery production facility (the ‘re-refinery’) in Texas, US.

According to GlobalData, Africa is expected to register the highest refinery vacuum distillation units (VDU) capacity additions globally during 2021 to 2025, contributing around 33% of the total capacity additions by 2025.

EveRé, the CMA CGM Group, Elengy, and TotalEnergies have joined forces to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG).

Crown LNG has entered into an agreement with Aker Solutions as the main contractor to deliver a gravity-based structure (GBS) in concrete for Crown’s offshore LNG terminal at Kakinada, India.

India Glycols Ltd and Clariant have completed the creation of their 49 – 51% joint venture (JV) for renewable ethylene oxide (EO) derivatives after receiving all necessary regulatory approvals.

INEOS Energy has announced its £25 million cornerstone backing for HydrogenOne, the first listed fund dedicated to clean hydrogen in London, UK.