Downstream news

Technip Energies has signed an agreement with Verso Energy to acquire a minority equity stake in the DEZiR project, an eSAF plant located in Rouen, France.

JERA Co., Inc. has signed a memorandum of understanding with Korea Gas Corp. with the aim of strengthening energy security in Japan and the Republic of Korea.

Neste has commissioned its new upgrading facility for liquefied waste plastic (LWP) at its Porvoo refinery in Finland, with a €111 million investment that marks a major milestone in the scale-up of chemical recycling

Chevron Lummus Global announced the addition of Fischer-Tropsch liquid upgrading solutions to its portfolio, enabling the company to license and deliver technologies for converting FT-derived liquids from a variety of feedstocks.

Evos Rotterdam has commenced the realisation of a major expansion project for (low-carbon) methanol and ethanol storage, following a signing ceremony held at the Port of Rotterdam.

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

INA has marked the completion of the Rijeka Refinery Upgrade Project which involved an investment of nearly €700 million, representing the largest single investment in INA’s history.

Evonik has announced the expansion of its collaboration with IMCD into the US market for VISIOMER® specialty methacrylates.

Axens has joined Downer Group, CEA, and H2Potential who have been developing a pre-FEED study for an Australian efuels plant under FACET.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.