Downstream contract news
BASF and Henkel focus on renewable raw materials in Henkel’s consumer goods products
Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.
Neste and CINEA sign the EU Innovation Fund’s grant agreement for its clean hydrogen project
The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.
Neste’s divestment of base oils business to Chevron has been completed
The agreement, which was signed in October 2021, has now been approved by regulatory authorities.
Atlas Copco Gas and Process compressor supports CO2 storage in biofuel plant
Atlas Copco Gas and Process will supply CO2 compression equipment to one of Europe’s most ambitious renewable biofuels plant projects.
ExxonMobil acquires Materia, Inc.
ExxonMobil has acquired California-based Materia, Inc. – developer of technology for manufacturing a class of materials that can be used in a number of applications.
China Gas and Beijing Gas Group enter into agreement
Under the agreement, the companies will cooperate in the procurement of imported natural gas resources; construction and utilisation of urban gas storage tanks; and supply of natural gas to downstream companies.
Woodside and BHP Group sign merger agreement
The companies have signed an agreement for the merger of BHP Group’s oil and gas portfolio with Woodside.
Pilot LNG awards contract to W. F. Baird & Associates Ltd
Pilot LNG, developer of the Galveston LNG Bunker Port project, has awarded the FEED contract for the project’s marine infrastructure engineering to W. F. Baird & Associates Ltd.
Axens wins contract to support CO2 sequestration and export facilities project
Axens has been selected for the CO2 dehydration package of the CO2 sequestration and export facilities project in Ras Laffan, Qatar.
Chevron Lummus Global introduces renewable fuel technology
Chevron Lummus Global LLC (CLG) has announced the expansion of its technology portfolio with the addition of its new ISOTERRA process for renewable diesel and sustainable aviation fuel (SAF) from biomass sources.