Downstream news

NextDecade has announced that its subsidiary, Rio Grande LNG, has entered into a credit agreement with a group of lenders for US$356 million of senior loans.

ExxonMobil's Low Carbon Solutions business has been awarded four licences to test for potential locations to store captured carbon dioxide emissions deep underneath the UK North Sea.

Royal Caribbean Group has laid important groundwork for the maritime industry's alternative fuel ambitions by completing over 12 consecutive weeks of biofuel testing in Europe.

Monthly average natural gas wholesale spot prices at the US benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers.

ExxonMobil has announced the startup of two new chemical production units at its Baytown, Texas, US, manufacturing facility.

LanzaJet and Technip Energies have announced an agreement to strengthen their exclusive collaboration to support the global deployment of the LanzaJet® alcohol-to-jet (ATJ) process technology.

Vopak has announced that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam, the Netherlands for a total purchase price of €407 million.

The EIA has reported that record volumes of crude oil were imported into China during 1H23 because of refinery expansions in the country and initiatives to reopen the economy.

Topsoe will provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia.

The Environmental Partnership has released its fifth annual report demonstrating the US oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry.