Downstream news

Ferguson Enterprises Inc. has announced that it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P.

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.

INERATEC and Zeopore have collaborated to increase the efficiency of CO2-neutral fuels and support the competitive scale-up of sustainable fuel and chemical production.

After the war in the Middle East began, fuel prices at the pump surged in some countries and barely moved in others. The IEA offers commentary.

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Baker Hughes of Chart Industries, both headquartered in the US.

Technip Energies has awarded Yokogawa Corp. of America the role of main automation contractor for the Commonwealth LNG project.

OXEA has announced its Final Investment Decision (FID) for a major capacity expansion at its Bay City, Texas, US, production site.

Catalyxx has secured a €20 million grant in EU funding through RenewChem for the construction of Catalyxx's first commercial bio-based chemicals plant in Europe.

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.

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.