Downstream contract news
LyondellBasell expands core PP business with 35% Stake in NATPET from Alujain
LyondellBasell (LYB) and Alujain have announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Co. (NATPET), by LYB from Alujain.
KOMIPO and Vitol extend long-term LNG supply contract
Korea Middle Power Co Ltd (KOMIPO) and Vitol have agreed to extend an existing long-term LNG supply and purchase agreement (LNG SPA).
Startup of first stand-alone alkylation complex complete at Next Wave Energy
Startup of the world’s first stand-alone alkylation complex has been completed at Next Wave Energy's site in Pasadena, Texas, US.
Neste, Marubeni Corp. and Resonac Corp. to cooperate on renewable chemicals
Neste, Marubeni Corp. and Resonac Corp.have entered into a cooperative agreement to enable the production of renewable olefins and derivatives.
Air Liquide successfully issues a €500 million green bond to finance energy transition
Air Liquide has successfully issued a new €500 million green bond, in line with its ambition to combine growth and sustainable development.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC has announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, marking a major milestone in the company’s international growth strategy.
Johnson Matthey and thyssenkrupp Uhde join forces to offer blue ammonia technology
Johnson Matthey (JM) and thyssenkrupp Uhde have signed a Memorandum of Understanding (MoU) to jointly offer a fully integrated low carbon (blue) ammonia solution.
ADNOC secures equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project
ADNOC has announced the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade's Rio Grande LNG project located in Texas, US.
LanzaJet announces investment from Groupe ADP
LanzaJet, a sustainable fuels technology company and sustainable fuels producer, has announced a US$20 million investment from Groupe ADP.
NEXTCHEM completes acquisition of GasConTec
MAIRE has announced that NEXTCHEM has finalised the acquisition of 100% of GasConTec GmbH, a company specialised in technology development and process engineering.