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Downstream news

 

Wood Mackenzie: oil could hit US$150/bbl

With 15 million bpd of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market – a process that could require prices to reach US$150/bbl, according to new Wood Mackenzie analysis.

 
 

Axens signs MoU with Airbus on SAF development

Axens has signed a Memorandum of Understanding (MoU) with Airbus to strengthen their cooperation in the development and deployment of sustainable aviation fuel (SAF).

 
 

ProSep wins global EPC order

ProSep has received an order for two of its Annular Injection Mixers (AIM) to support an LNG facility in South Texas, US.

 

BASF introduces product variants with reduced product carbon footprint

BASF’s Intermediates division has introduced new product variants with a reduced product carbon footprint (rPCF) for butanediol (BDO), tetrahydrofuran (THF), polytetrahydrofuran (PolyTHF®), and N-methylpyrrolidone (NMP) produced at its Verbund site in Ludwigshafen, Germany.

 

DNV: UK energy transition falling short

DNV's annual Energy Transition Outlook (ETO) for the UK finds that the energy transition risks being delayed by a lack of 'whole system' thinking.

 

Aggreko’s rapid response assists refinery

When a Petroineos refinery experienced a critical equipment failure, a bespoke air production solution delivered in record time helped the plant’s owners avoid extremely costly unplanned downtime.