Downstream news
OMV receives funding for green hydrogen plant
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 announce collaboration
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.
IEA: why oil price shocks hit consumers differently
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.
EC approves Baker Hughes' acquisition of Chart Industries
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Baker Hughes of Chart Industries, both headquartered in the US.
Yokogawa awarded main automation contractor role for Commonwealth LNG project
Technip Energies has awarded Yokogawa Corp. of America the role of main automation contractor for the Commonwealth LNG project.
OXEA confirms FID for major capacity expansion
OXEA has announced its Final Investment Decision (FID) for a major capacity expansion at its Bay City, Texas, US, production site.
Catalyxx secures over €20 million to build first commercial plant
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.
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.