Downstream news

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.

Data released by Wood Mackenzie shows the Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.

Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.

Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.

The UAE has announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.

Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.

Clean Planet Technologies has opened a new facility dedicated to converting non-recyclable waste plastic to aviation fuel in Kent, UK.

Guangdong Liquid Sunshine has selected Johnson Matthey as a technology partner for its first commercial scale project – a biomethanol plant planned in Tiandong County, Guangxi, China.

The Dated Brent spot price increased to a premium of more than US$25/bbl compared with the front-month Brent futures contract in early April, the US EIA has reported.