Downstream news

China Petroleum & Chemical Corp. (Sinopec) has officially put China's largest LNG storage tank into service at its Qingdao LNG Receiving Terminal.

W. R. Grace & Co (Grace) has announced that Oriental Energy Co. Ltd has started up a new plant with Grace’s UNIPOL® PP process technology.

The American Fuel & Petrochemical Manufacturers (AFPM) has filed comments in opposition to New Mexico’s proposed regulations to adopt California’s Advanced Clean Cars II (ACC II) standards through 2032.

Lummus Technology has announced that Haldia Petrochemicals Ltd. (HPL) will license its olefins conversion technology (OCT) and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India.

Cheniere Energy, Inc. has announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term LNG Sales and Purchase Agreement (SPA” with Foran Energy Group Co. Ltd.

Chesapeake Energy Corp. and Vitol Inc. have announced their entrance into a Heads of Agreement with Chesapeake Energy Marketing L.L.C., a subsidiary of Chesapeake Energy Corp.

ITT Inc. has announced it has signed an agreement to acquire privately held Svanehøj Group A/S (Svanehøj).

TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani LNG joint venture (JV) in which the company holds a 5.54% stake.

On 23 October 2023, the US District Court of Delaware initiated a process that will see the sale of three refineries owned by Citgo parent company, PDV Holdings, the US subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA (PdVSA).

Yokogawa Solution Service Corp. has announced the conclusion of an agreement with Microwave Chemical Co., Ltd. on the joint development of a small-scale distributed chemical recycling system that uses microwave heating.