Downstream contract news
Idemitsu Kosan ends petrochemical JV with BASF
Idemitsu is to close its butanediol production plant at the Chiba complex.
Clariant and Chemtex agree biofuel partnership
Under the partnership, the two parties will collaborate to market and sell Clariant’s sunliquid technology licenses, as well as services and supplies for advanced biofuel plants in China.
ExxonMobil and Global Clean Energy Holdings sign renewable diesel agreement
ExxonMobil is to purchase 2.5 million bbl of renewable diesel per year for five years from Global Clean Energy Holdings.
Orca Energy to provide compressors for Tanzania gas processing facility
The natural gas compressors will be installed within the Songas gas processing facility on Songo Songo Island, Tanzania.
ADNOC L&S and Wanhua Chemical Group form joint venture
AW Shipping will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world.
GranBio and NextChem sign partnership to develop cellulosic ethanol
GranBio’s 2G Ethanol technology converts lignocellulosic, non-food biomass to renewable, low carbon intensity biofuels.
JGC Corp. to build refinery in Basra region of Iraq
The cost of the facility is estimated to be US$4 billion.
Clariant and Eta Bio sign licence agreement
Eta Bio intends to construct a full-scale commercial plant for the production of cellulosic ethanol at a site in northeast Bulgaria with Clariant’s sunliquid technology.
Total and Indian Oil Corp. form bitumen derivatives JV
The joint venture will manufacture and market bitumen derivatives and specialty products for the growing road-building industry in India.
PTT signs NGL storage deal with Energy Storage Ventures
PTT Global Chemical America has signed an agreement with Energy Storage Ventures LLC to build a facility to store and transport NGLs for PTTGCA’s proposed ethane cracker in Ohio.