Downstream news

LyondellBasell has announced its ambition of, and approach to, achieving net zero emissions from global operations by 2050. As an interim step toward 2050, the company also announced a strategy to achieve an absolute reduction of 30% in scope 1 and scope 2 emissions by 2030.

Shell and BASF aim to accelerate the transition to net-zero by working together to evaluate, de-risk, and deploy BASF’s Sorbead adsorption technology for pre- and post-combustion Carbon Capture and Storage (CCS) applications.

Rockwell Automation explains how to reduce polymer transition time and increase production.

Shell Oil Products US, a subsidiary of Royal Dutch Shell plc, has successfully achieved startup and production of renewable natural gas (RNG) at its first US biomethane facility, Shell New Energies Junction City in Oregon.

Essar Oil (UK) Ltd (EOUK) has confirmed that it has entered into a new time to pay agreement with HM Revenue & Customs (HMRC).

Global Energy Storage (GES) has announced the appointment of Graham Sharp as a Non-Executive Director.

Maire Tecnimont S.p.A. has announced that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPC lump sum-turn key contract by LOTOS Oil, concerning the expansion of the Gdansk Refinery.

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.