Downstream news

Wood Mackenzie has reported that Johan Sverdrup Crude hits record US$24/bbl premium to Brent as Saudi pipeline suspension tightens European medium-sour supply.

KBC (A Yokogawa Company) has announced the launch of Multiflash® 7.7, the latest version of its thermodynamic and PVT modelling software for complex fluids.

ADNOC has signed a multi-year sales and purchase agreement with Gulf Group for the supply of up to 2 million t of LNG into Asia.

Perpetual Next and Lhyfe are set to explore the potential long-term supply of renewable hydrogen to a new biomethanol facility in Delfzijl, the Netherlands.

Höegh Evi has entered into an agreement with Petroleum Sarawak Berhad to jointly develop the proposed Kuching LNG terminal in Malaysia.

Dondel has officially launched its green hydrogen-coupled, CO2 to-sustainable aviation fuel (SAF) project in Xinjiang, China.

KKR has announced the signing of definitive agreements under which funds managed by KKR will make a majority investment in Cisternina Logistics Private Ltd, a bulk liquid and gas storage and logistics business in India.

Westlake Corp. has announced that, in light of challenging market conditions, the company is taking action to improve profitability by closing its polyvinyl chloride (PVC) plant in Cologne, Germany.

PIF Energy has announced a planned US$2 billion investment to acquire up to 15 crude oil tankers, adding seaborne transport capacity at a time when disruption around the Strait of Hormuz and tight refined-product markets are intensifying the global fuel crisis.

NorSAF has agreed to collaborate with Nova Pangaea Technologies to develop an advanced ethanol production plant in Latvia to supply NorSAF’s SAF facility.