Downstream contract news

Neste and South Korean chemical company, Lotte Chemical, are teaming up to make chemicals and plastics more sustainable.

Chevron New Energies (CNE), a division of Chevron USA. Inc. has announced a lead investment in ION Clean Energy (ION), a company that provides post-combustion point-source capture technology.

Valmet has completed the acquisition of the Process Gas Chromatography and Integration business from Siemens AG.

SLB has announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonisation at scale.

NextChem Tech has been selected as engineering and technology partner for a new plastic upcycling project to be implemented in Modena, Italy, by Aliplast.

At Neste’s refinery in Porvoo, Finland, the preparations for the major turnaround taking place in April - June have begun with shutdowns of process units.

Honeywell has announced that Petróleos del Perú S.A. (Petroperú), one of the largest hydrocarbon producers, refiners and distributors in Peru, will implement Honeywell's cybersecurity solutions.

TotalEnergies and China Petroleum and Chemical Corp. (SINOPEC) have signed a Heads of Agreement (HoA) to jointly develop a sustainable aviation fuel (SAF) production unit at a SINOPEC's refinery in China.

Technip Energies and LanzaTech Global, Inc. have been selected by the US Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million in Bipartisan Infrastructure Law and Inflation Reduction Act (IRA) funding.

Repsol and Bunge have agreed to partner in the development of new opportunities to help meet the growing demand for lower carbon intensity feedstocks for the production of renewable fuels.