Downstream contract news

Topsoe has signed a licensing and engineering agreement with Preem to produce sustainable aviation fuel (SAF) and renewable diesel.

SABIC has announced the final investment decision (FID) for the SABIC Fujian Petrochemical Complex (Sino-Saudi Gulei Ethylene Complex Project) in China’s Fujian province.

ITT Inc. has completed the acquisition of Svanehøj Group A/S (Svanehøj), a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector.

LG Chem and Enilive have moved a step closer to final investment decision (FID) on a new biorefinery project in South Korea by signing a joint venture agreement.

BP has awarded a new five-year global framework agreement to Worley.

Norsk e-Fuel has announced major partnership milestones by closing significant agreements on offtake and investment.

LyondellBasell has entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corp.

TDK Corp. has announced that its subsidiary, TDK Ventures Inc., has participated in INERATEC's Series B funding round.

A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the representatives of the maritime industry for the conversations around green fuels.

NextChem’s subsidiary dedicated to plastic depolymerisation has been pre-selected for the grant agreement preparation related to the 'Innovation Fund 3rd call for Small Scale projects'.