Downstream contract news

ITT Inc. has completed the acquisition of Svanehøj Group A/S (Svanehøj), a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector.

LG Chem and Enilive have moved a step closer to final investment decision (FID) on a new biorefinery project in South Korea by signing a joint venture agreement.

BP has awarded a new five-year global framework agreement to Worley.

Norsk e-Fuel has announced major partnership milestones by closing significant agreements on offtake and investment.

LyondellBasell has entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corp.

TDK Corp. has announced that its subsidiary, TDK Ventures Inc., has participated in INERATEC's Series B funding round.

A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the representatives of the maritime industry for the conversations around green fuels.

NextChem’s subsidiary dedicated to plastic depolymerisation has been pre-selected for the grant agreement preparation related to the 'Innovation Fund 3rd call for Small Scale projects'.

Lummus Technology has announced an award from Saudi Ethylene and Polyethylene Co. (SEPC) for the design and supply of two Short Residence Time ethylene heaters.

Infinium and Mo Industrial Park have signed a Memorandum of Understanding (MoU) to develop Norway’s first advanced eFuels production facility.