Downstream contract news

The US remained the world’s largest LNG, exporter in 2024, according to a report from the US Energy Information Administration.

Aramco has completed its acquisition of a 50% stake in Blue Hydrogen Industrial Gases Co.

Sulzer has launched the Sulzer Energy Optimization Service, an energy efficiency and carbon reduction service that will create a new best practice standard for the operation of centrifugal pumps.

Agilyx has launched Plastyx Ltd to source and supply feedstock for the European advanced plastic recycling industry.

Mitsubishi Chemical Group has concluded a license agreement for N-Vinylformamide manufacturing technology.

SOFEC has announced that it has been awarded an EPC project by Par Hawaii Refining Company for the supply of a replacement CALM Buoy at Barbers Point in Oahu, Hawaii.

Braskem Siam, a joint venture between SCGC and Braskem, has partnered with Mitr Phol Bio Fuel to accelerate the agricultural ethanol supply for Asia’s first bio-ethylene production.

LyondellBasell and Covestro have announced the permanent closure of PO11 unit at Maasvlakte in the Netherlands.

Wood Mackenzie has published a new report, titled, ‘Shining a light on the ‘coal versus LNG emissions’ debate’. The analysis reveals the lifecycle emissions of US LNG are typically around 48% of the coal equivalent.

Arc Resources Ltd has announced a long-term sale and purchase agreement With ExxonMobil for the supply of LNG.