Downstream news

INPEX Corp., Air Liquide Group, LSB Industries Inc., and Vopak Moda Houston LLC have agreed to collaborate on the development of a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel.

World Energy has announced a long-term agreement with Microsoft to accelerate the decarbonisation of corporate air travel and its supply chain cargo through the purchase of sustainable aviation fuel certificates (SAFc).

Indian-based engineering firm, Megha Engineering and Infrastructures Limited (MEIL), has clinched a significant deal in Mongolia for the construction of a crude oil refinery plant.

Global oil demand will reach record levels in 2023, with demand expected to continue to grow each year and peak in 2035, according to Bloomberg Intelligence’s (BI) latest oil sector survey of energy-related investors.

A high-level conference in Paris has addressed how setting Europe on the path to net zero emissions can unlock industrial potential and benefit energy consumers.

Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for US$500 million.

Nuberg EPC has been awarded a propylene purification package (PPP) contract by Indian Oil Corp. Ltd. (IOCL).

INEOS has announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600 000 t acetic acid plant and all associated third party activities on the site.

Neste has expanded its capability to supply renewable fuels to customers on the West Coast of the US, in cooperation with Vopak.

Delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG.