Downstream contract news

Ras Laffan Petrochemicals, a joint venture (JV) company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, has secured US$4.4 billion to finance an integrated polymers facility.

Svante has entered into a commercial supply agreement with BASF to scale up its proprietary sorbent material, Calgary Framework 20 (CALF-20), used in Svante’s carbon capture process.

Masdar have joined forces with Boeing to propel the sustainable aviation fuel (SAF) industry in the UAE and globally.

Neste, ISCC and DHL Group have joined forces to pioneer and test a system through which airlines, logistics service providers and end customers can credibly report the emission reduction achieved by using sustainable aviation fuel (SAF).

Toyo Engineering has been awarded energy efficiency study contracts for the modernisation of an existing large-scale aromatics plant and phenol plant from PTT Global Chemical Public Company Ltd (GC).

Technip Energies has been awarded engineering, procurement services and construction management (EPsCm) contracts by Galp for an advanced biofuels unit and a green hydrogen unit for its Sines refinery in Portugal.

KP Engineering has announced that it has been selected as the engineering, procurement, fabrication and construction management (EPFCm) partner for Agra Energy’s series of sustainable aviation fuel (SAF) plants.

Wood has signed a collaboration agreement with OMV for the commercial licensing of its innovative plastic recycling technology, ReOil®.

World Energy has announced a long-term agreement with Microsoft to accelerate the decarbonisation of corporate air travel and its supply chain cargo through the purchase of sustainable aviation fuel certificates (SAFc).

Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for US$500 million.