Downstream news

The Kamoa-Kakula Copper Complex (Kamoa-Kakula), a joint venture (JV) between Ivanhoe Mines, Zijin Mining Group and the government of the Democratic Republic of Congo (DRC), has partnered with Elessent Clean Technologies (Elessent).

Celanese Corp. has begun a carbon capture and utilisation (CCUS) project at its Clear Lake, Texas, US, site.

ADNOC has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects.

Stena RoRo has placed an order for another RoPax-class E-Flexer vessel from the Chinese shipyard, CMI Jinling (Weihai).

HYCO1 has celebrated over 9000 hours of run-time on its proprietary, patent-pending carbon dioxide utilisation catalyst at its Houston CUBE™ Technology Centre.

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.