Downstream news

Woodside and Petronas have finalised a fully termed sale and purchase agreement (SPA) for the supply of 1 million tpy of LNG to Malaysia from 2028 for a period of 15 years.

LNJ GreenPET have announced the signing of an MoU with Sumitomo Corp. to establish collaboration in the growing recycled polyethylene terephthalate (r-PET) sector in India.

TotalEnergies has reached financial close with its partners on Rio Grande LNG Train 4, with a 10% direct participating interest and 1.5 million tpy LNG offtake.

USA BioEnergy has announced that it has selected Johnson Matthey and Honeywell to provide process technologies to USA BioEnergy to produce synthetic paraffinic kerosene (SPK) at its Bon Wier, Texas biorefinery, US.

TotalEnergies has signed a heads of agreement for the annual delivery in South Korea of 1 million tpy of LNG over a 10-year period.

Toyo and RET have been awarded the first phase of a major overhaul project for a large scale gas chemical complex in Turkmenistan, owned by Turkmenhimiya.

The US Energy Information Administration (EIA) expects U.S. drivers will spend less than 2% of their personal disposable incomes on gasoline in 2025 – the lowest share since 2005, excluding 2020.

Clariant has announced a supply agreement with SYPOX to manufacture and deliver catalysts for one of the largest electric steam methane reformers (e-SMR).

Phillips 66 has announced that it has entered into a definitive agreement to acquire the remaining 50% ownership interest in WRB Refining LP from subsidiaries of Cenovus Energy Inc.

Worley has been awarded a contract by Preem for FEED verification for the planned conversion of the ICR plant at the Lysekil refinery in Sweden.