Downstream news

Ara Partners has acquired a majority interest in USD Clean Fuels, a leading developer of logistics infrastructure in North America for the renewable fuels value chain.

NextDecade has announced that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd.

GAIL (India) Ltd. and Vitol Asia Pte Ltd have signed a long-term LNG supply deal into India for the supply of approximately 1 million tpy of LNG for a period of approximately 10 years.

The EIA reports that the US benchmark Henry Hub natural gas price averaged US$2.57 per million Btu in 2023, about a 62% drop from the 2022 average annual price.

NextChem Tech has been awarded a new contract by ENGIE to carry out Pre-FEED for the gasification and methanation of waste wood and the implementation of a carbon capture unit for the Salamandre project.

Copenhagen Infrastructure Partners (CIP) will develop Helax Istmo, a green hydrogen and green maritime fuels project in Mexico.

Following completion of the commissioning phase, Tango FLNG will produce its first LNG cargo by 1Q24, placing the Republic of Congo on the list of LNG-producing countries.

Black Bay Energy Capital has announced the acquisition of Merichem's technology business unit, comprised of Merichem Process Technologies and Merichem Catalyst Products.

The EIA reports that US retail gasoline prices in 2023 averaged US$0.43 per gal. less than in 2022.

A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC).