Downstream news

According to GlobalData, Russia is expected to dominate the Former Soviet Union (FSU) region in terms of the number of gas processing capacity projects expected to be planned or announced between 2021 and 2025.

The IEA’s ‘World Energy Outlook 2021’ shows that a new energy economy is emerging, but not yet quickly enough to reach net zero by 2050.

A new partnership between Dow and Haldor Topsoe will turn waste plastics into circular plastics.

According to GlobalData, the US is expected to lead North America’s planned and announced gas processing capacity additions projects over the next 5 years, contributing approximately 65% of the regions gas processing additions by 2025.

NOVA ENERGIES has been awarded a pre-FEED contract by SIBUR to study potential carbon capture solutions for its ‘ZapSibNeftekhim’ plant.

Worley has been awarded a services contract for a residue upgrade project at Saudi Aramco’s Ras Tanura refinery.

KP Engineering and Omni Conversion Technologies Inc. have signed a new agreement to collaborate on green hydrogen initiatives.

Horisont Energi and Koole Terminals will collaborate on the development of a terminal and storage facility at the Port of Rotterdam.

According to a recent press note from Wood Mackenzie, the high prices and volatility currently being seen in the European gas market go beyond current market tightness.

The EIA reports that motor gasoline exports from the US reached record highs in May, June and July.