Downstream news
Exolum to promote the development of a CO2 storage terminal
Exolum has signed an agreement with Severnside Carbon to advance the development of a carbon dioxide (CO2) storage terminal in Avonmouth, in the Port of Bristol, UK.
Ameresco and HASI announce formation of Neogenyx Fuels
Ameresco Inc. and HA Sustainable Infrastructure Capital Inc. have announced their agreement to spin off Ameresco’s biofuels business into a newly formed joint venture, Neogenyx Fuels.
TA’ZIZ announces agreements to expand UAE’s chemicals ecosystem
TA’ZIZ has announced the signing of long-term agreements spanning offtake, feedstock, and sales across its chemicals portfolio valued at US$28.5 billion (AED104.6 billion).
Lummus Technology selected for ethanol-to-jet SAF project
Lummus Technology announced GPS Renewables has selected its ethanol-to-jet technology for National Thermal Power Corp.'s Project at Pudimadaka, Andhra Pradesh, India.
Hong Kong to establish a SAF hub in Dongguan
EcoCeres have signed an Investment Letter of Intent with the Dongguan Municipal People's Government to establish the first complete SAF supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area.
PCS selected for CDU design of America First Refining project
Process Consulting Services, Inc. (PCS) has been selected to provide crude and vacuum unit designs for the newly announced America First Refining (AFR) Project in Brownsville, Texas, the first grass-roots refinery built in the US in over 50 years.
INEOS Enterprises agrees to sell INEOS Calabrian to Ecovyst
INEOS Enterprises has announced that it has agreed to sell it shares in INEOS Calabrian, its ultra-pure sulfur dioxide and derivatives business, to Ecovyst.
Rystad commentary on UAE's exit from OPEC+ and other market updates
The UAE’s decision to exit OPEC+, effective 1 May, has drawn considerable attention from oil market participants, Rystad Energy reports.
Lantern LNG selects Honeywell to drive Matagorda Bay facility
Lantern LNG Holding Company, LLC has announced its intention to use Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay, US.
EIA: DOE released 17.5 million bbl from SPR since March
Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.