Downstream news

Sinopec has received the first carbon-neutral petroleum certificate issued by Shanghai Environment and Energy Exchange (SEEE).

The EIA reports that high global demand and low global supply have contributed to rising US propane spot prices.

Aramco, Air Products, ACWA Power and Air Products Qudra sign definitive agreement for the asset acquisition and project financing of the US$12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.

SPL Inc. has announced its acquisition of AFS, formerly known as Assured Flow Solutions.

Axens has been selected to support Byco’s refinery upgrade project Phases I, II, III by providing advanced technical solutions in order to achieve Euro V gasoline and diesel specifications in Pakistan.

The EIA expects increasing consumption of natural gas by US industry in 2021 and 2022.

Leaders of the world’s largest energy sector businesses are focusing their investments on talent and technology as the industry faces continued uncertainty from COVID-19 and the climate crisis, according to new research from KPMG.

SIBUR and TAIF have entered into an agreement finalising the creation of a combined entity that will create the largest petrochemical company in Russia.

INEOS Grangemouth has announced planned further investment of over £1 billion towards reducing greenhouse gas emissions at its site to net zero by 2045.

The AFPM is launching an advertising campaign urging Democrats in the House of Representatives to reject new taxes aimed at US-refined energy and US-made plastics.