Downstream news

Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.

Mitsui Chemicals and Ketjen have entered into a share purchase agreement for Nippon Aluminum Alkyls Ltd, a company that produces co-catalysts for polyolefins.

Dow and MEGlobal have finalised an agreement for Dow to supply an additional equivalent of 100 000 tpy of ethylene from its Gulf Coast operations, US.

The MultiPHLY hydrogen project has reached a milestone with the start-up of a multi-megawatt electrolyser at Neste’s refinery in Rotterdam, the Netherlands.

Topsoe has been selected as technology provider by Sandpiper Chemicals LLC, for its new blue methanol plant in Texas City, Texas, US.

The value of all energy trade between the US and Mexico was estimated to be US$57 billion in 2024, down from nearly US$72 billion in 2023, according to data from the US Census Bureau, the US EIA has reported.

Green Carbon Development announced that it has selected Axens Vegan® technology for its upcoming renewable fuels facility.

Taiyo Oil Co., Ltd and Mitsui Chemicals, Inc. have announced that they have started a collaborative study to expand the supply of chemically recycled products.

Berkshire Hathaway and Occidental have announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for US$9.7 billion.

Phillips 66 has provided an update on its progress toward idling operations at its Los Angeles refinery, US, in furtherance of the company’s efforts to redevelop these real estate sites.