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Downstream news

 
 

EIA expects relatively flat crude oil prices in 2024 and 2025

The EIA forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average, with global supply and demand for petroleum liquids expected to be relatively balanced over the next two years.

 

Lummus Technology invests in Resynergi

Lummus Technology has announced a major investment to help scale production of Resynergi's modular Continuous Microwave Assisted Pyrolysis (CMAP) technology.

 
 

Kamoa-Kakula Copper Complex partners with Elessent

The Kamoa-Kakula Copper Complex (Kamoa-Kakula), a joint venture (JV) between Ivanhoe Mines, Zijin Mining Group and the government of the Democratic Republic of Congo (DRC), has partnered with Elessent Clean Technologies (Elessent).

 
 

ADNOC makes strategic investment in Storegga

ADNOC has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects.

 

Stena RoRo places order LNG vessel

Stena RoRo has placed an order for another RoPax-class E-Flexer vessel from the Chinese shipyard, CMI Jinling (Weihai).