Downstream news

At the Invest Zambia International Conference, the Industrial Development Corp. (IDC) has signed two memoranda of understandings (MoUs) worth over US$2 billion, securing major investments in Zambia’s energy sector.

Licella has announced strategic funding from Diamond Edge Ventures (DEV), the corporate venture capital arm of Mitsubishi Chemical Group (MCG), a Japanese chemical company, under a Business and Capital Alliance Agreement.

Argent LNG has selected GIS Engineering as its ‘below-the-bolts’ engineering partner to spearhead FEED, site preparation, and regulatory development for the company’s flagship project at Port Fourchon.

INEOS has completed a major £30 million investment at its Hull manufacturing site, UK, which has resulted in a 75% cut in carbon emissions.

Shell Catalysts & Technologies and Technip Energies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture solution using Shell’s CANSOLV CO2 Capture System.

GlobalData reports that the energy sector is driving CCUS growth, accounting for over 70% of projects by end-2024.

BASF and Equinor have confirmed a strategic partnership and signed a ten-year natural gas supply agreement.

Freepoint Eco-Systems and Source One GmbH have agreed to enter into a long-term collaboration agreement to develop multiple pretreatment facilities to treat plastic waste streams, such as post-consumer waste (PCR), to support the growth of pyrolysis infrastructure across Europe.

The expansion underlines Sulzer's global strategy of establishing full-service, in-region capabilities to meet the needs of its industrial customers.

Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission pre-filing and permitting process for its 25 million tpy LNG export project in Louisiana.