Downstream news

ITT Inc. has announced it has signed an agreement to acquire privately held Svanehøj Group A/S (Svanehøj).

TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani LNG joint venture (JV) in which the company holds a 5.54% stake.

On 23 October 2023, the US District Court of Delaware initiated a process that will see the sale of three refineries owned by Citgo parent company, PDV Holdings, the US subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA (PdVSA).

Yokogawa Solution Service Corp. has announced the conclusion of an agreement with Microwave Chemical Co., Ltd. on the joint development of a small-scale distributed chemical recycling system that uses microwave heating.

TOYO Engineering and Cosmo Energy have reached an agreement to initiate a joint study on the direct synthesis of carbon dioxide emitted from refineries and other facilities, into methanol.

Axens and ZPJE have established Nectis, a joint venture (JV) dedicated to the promotion and sale of spiral tubes heat exchangers.

Farnborough Airport, UK, has announced the sale of its millionth litre of sustainable aviation fuel (SAF), highlighting its aim to be a sustainability showcase for airports around the world.

SATORP, a platform jointly owned by Aramco and TotalEnergies, has successfully converted used cooking oil through coprocessing into ISCC+ certified sustainable aviation fuel (SAF).

Sumitomo Chemical has begun construction of a pilot facility to establish a process for producing propylene directly from ethanol, which is attracting attention as a sustainable chemical raw material.

DNV has published a suite of recommended practices (RPs) that will enable companies operating critical devices, assets, and infrastructure to safely apply artificial intelligence (AI).