Downstream contract news

The IEA’s ‘World Energy Outlook 2021’ shows that a new energy economy is emerging, but not yet quickly enough to reach net zero by 2050.

A new partnership between Dow and Haldor Topsoe will turn waste plastics into circular plastics.

According to GlobalData, the US is expected to lead North America’s planned and announced gas processing capacity additions projects over the next 5 years, contributing approximately 65% of the regions gas processing additions by 2025.

Chevron Corp. has issued an updated climate change resilience report that further details the company’s ambition to advance our lower carbon future. 

KP Engineering and Omni Conversion Technologies Inc. have signed a new agreement to collaborate on green hydrogen initiatives.

thyssenkrupp Uhde Africa and Wismut GmbH have been appointed to execute a pre-feasibility for study for a Renewable Underground Pumped Hydroelectric Energy Storage (RUPHES) project on a specific site with a South African mining company.

Mammoet has completed the first lift using its innovative FOCUS30 crane; helping to reduce disruption during scheduled turnaround activity at a refinery in the UK.

Technip Energies and Siemens Energy have announced an exclusive agreement to jointly develop, commercialise, and license the Rotating Olefins Cracker (ROC) technology to decarbonise olefin production processes.

bp has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state, US.

Ardian, a private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, have announced a partnership to create Hy24, an equally owned joint venture.