Downstream news
Ignitis secures additional long-term capacity at the Klaipeda LNG terminal
UAB Ignitis has secured an additional 2 TWh of annual regasification capacity on the secondary market for the period of 2033 – 2044 for KN Energies’ Klaipeda LNG terminal.
EIA: US exports of crude oil and petroleum products reached record in April
US petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for US exports, the US EIA has reported.
Heurtey Petrochem selected for Pacífico Mexinol project
Heurtey Petrochem Solutions has been selected by Transition Industries as the electrical tubular furnace provider for the Pacífico Mexinol project, a world-scale ultra-low-carbon methanol production facility under development in Mexico.
INEOS and Recuro sign MoU for advanced recycling facility in Norway
INEOS and Norwegian recycling company Recuro have signed a Memorandum of Understanding to develop an advanced recycling facility at INEOS’ Bamble polymer site in Norway.
ABB to support digitalisation at petrochemical complex in China
ABB has won an order from Zhejiang Petroleum & Chemical to deliver ProcessMaster FEP600 electromagnetic flowmeters with Ethernet-APL (Advanced Physical Layer) connectivity for an upgrade at a large refining and petrochemical complex in China.
Topsoe and Sasol chosen for SUSTAERO’s SAF project in Canada
Topsoe and Sasol have signed a single point licensing agreement with SUSTAERO, a developer of SAF production infrastructure in Canada.
EIA increases global oil production forecast after the opening of the Strait of Hormuz
The US Energy Information Administration published its July Short-Term Energy Outlook (STEO), increasing its expectations for global oil production.
ADNOC, XRG, and Mitsui to advance new opportunities across the energy value chain
ADNOC and XRG have signed a strategic collaboration agreement with Mitsui & Co., Ltd to unlock new growth opportunities across the energy value chain.
Fluor enters into long-term agreement with Aramco
Fluor has been selected by Aramco as a Programme Management Consultancy (PMC) contractor under a Long-Term Agreement (LTA) to support its global capital projects portfolio.
Axens and Egyptian Refining Co. strengthen strategic collaboration
Axens has announced the strengthening of its collaboration with Egyptian Refining Company through the signing of a long-term agreement aimed at maximising asset value and supporting ERC’s evolving needs.