Downstream news

OCI Global has announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding to AGROFERT for a total consideration of €290 million.

Dynamis Power Solutions and Baker Hughes have announced an order for 25 aeroderivative gas turbines – totalling 1.3 GW for mobile power generation across a wide range of oil and gas applications.

Covestro AG and XRG have received the final outstanding regulatory approval from the German Federal Ministry for Economic Affairs and Energy under foreign investment rules for their strategic partnership.

Egypt’s Suez Canal Authority and Ministry of Petroleum have signed a memorandum of understanding to advance the development of an LNG liquefaction and bunkering station in El-Raswa, Port Said.

Norsk e-Fuel AS and Braskem have announced a strategic collaboration to explore the possible integration of e-Naphtha into the plastics value chain.

BASF has broadened its offering for certified biomass-balanced methanol products by adding the ISCC EU certification to its existing portfolio.

Baker Hughes has announced that it has secured a multi-year contract with CPECC, for and on behalf of Aramco, to deploy its Cordant™ APM suite across four Booster Gas Compression Stations in Saudi Arabia.

Tecnimont (MAIRE) attended the groundbreaking ceremony of the Tengiz Gas Separation Complex (GSC) project in the Atyrau Region, Kazakhstan.

LanzaJet has announced that it has fully operated and produced fuels at its LanzaJet Freedom Pines Fuels facility in Georgia, US – marking the production of jet fuel using ethanol as a feedstock at a commercial-scale plant.

An independent study commissioned by Ithaca Energy and endorsed by OEUK shows that 65% of UK crude production ultimately serves UK market through European refining network, Wood Mackenzie analysis reveals.