Downstream contract news

Neste, a producer of renewable fuels from waste and residues, has acquired 29% of the shares of Neste Demeter B.V., increasing Neste’s ownership to 80% of the company.

Eni and Saipem have signed an agreement for the development of biorefining.

Neste is partnering with PTL Marine to provide Neste MY Renewable Diesel™ to the marine sector across the State of California, US.

New Fortress Energy Inc. announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit (FSRU), Energos Winter, from Petrobras starting in December 2023.

W. R. Grace & Co (Grace) has announced that Oriental Energy Co. Ltd has started up a new plant with Grace’s UNIPOL® PP process technology.

Lummus Technology has announced that Haldia Petrochemicals Ltd. (HPL) will license its olefins conversion technology (OCT) and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India.

Chesapeake Energy Corp. and Vitol Inc. have announced their entrance into a Heads of Agreement with Chesapeake Energy Marketing L.L.C., a subsidiary of Chesapeake Energy Corp.

Yokogawa Solution Service Corp. has announced the conclusion of an agreement with Microwave Chemical Co., Ltd. on the joint development of a small-scale distributed chemical recycling system that uses microwave heating.

Axens and ZPJE have established Nectis, a joint venture (JV) dedicated to the promotion and sale of spiral tubes heat exchangers.

Emirates and Neste have expanded their partnership by solidifying their collaboration for the supply of over 3 million gal. of blended Neste MY Sustainable Aviation Fuel (SAF) in 2024 and 2025.