Downstream contract news

Brooge Petroleum and Gas Investment Co. FZE (BPGIC) has signed a refinery agreement with an oil trading company for a 25 000 bpd modular refinery.

BASF will expand its mobile emissions catalysts production plant in Chennai, India. The double-digit million Euro investment will nearly double the company’s catalysts production capacity for the heavy-duty on- and off-road segment.

TotalEnergies and Veolia have joined forces to accelerate the development of microalgae cultivation using CO2.

Avfuel Corp. has collaborated with Million Air Burbank (KBUR) – an Avfuel-branded FBO – to provide its customers with a consistent supply of Neste MY Sustainable Aviation Fuel.

Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt refinery.

According to EIA, as a result of several US refinery closures in 2020, US operable atmospheric crude oil distillation capacity dropped 4.5% to a total of 18.1 million bpd at the start of 2021.

The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6 – 7%.

The Ecoslops petroleum residues recycling (P2R) unit has started-up at the TotalEnergies La Mède platform in Bouches-du-Rhône, France.

Red Sea National Refining and Petrochemicals Co. (Red Sea Co.) has awarded Worley a services contract for a greenfield integrated refinery and petrochemicals complex in Egypt.

China Petroleum & Chemical Corp. (Sinopec) has initiated China's first megaton carbon capture, utilisation and storage (CCUS) project, the Sinopec Qilu-Shengli oilfield CCUS.