Downstream contract news

The EIA reports that since early January 2024, US refinery utilisation has decreased 11%.

StormFisher Hydrogen has secured a US$30 million investment from ARC Financial Corp.

MAIRE has announced that NEXTCHEM has signed a binding agreement to acquire 100% of GasConTec Gmbh (GCT), a company specialised in technology development and process engineering.

TotalEnergies and Bapco Energies are joining forces in petroleum products trading in Bahrain.

ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group.

Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures (SARV), dedicated to creating more opportunities for scalable sustainable aviation fuel (SAF).

TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries, for the delivery of LNG.

BP and BASF have signed a licence agreement for the use of BASF’s gas treating technology to capture carbon dioxide generated during hydrogen production at BP’s proposed blue hydrogen facility.

Liquid Wind, together with partners Alfa Laval, Carbon Clean, Siemens Energy and Topsoe, have announced the eFuel Design & Performance Centre (DPC) in Hørsholm, Denmark.

EE North America and Montauk Renewables have signed a long-term contract for the delivery of 140 000 tpy of biogenic carbon dioxide over a minimum 15-year term.