Downstream news

Plug Power, Chart Industries Inc. and Baker Hughes have announced their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund.

Honeywell has announced that Brazil-based ECB Group will use the UOP Ecofining™ process to convert vegetable oils and inedible animal fats into renewable diesel and jet fuel.

Inter Pipeline Ltd. has announced that it will receive US$408 million under the Alberta Petrochemicals Incentive Programme (APIP).

Burckhardt Compression has been selected by Technip Energies as the compressor supplier for the Assiut hydrocracking complex in Egypt.

Jones Capital has announced the acquisition of Rockport Terminals, a private intermodal terminal on the Texas Gulf Coast, US.

Saipem and Hyperion Systems Engineering have launched a new company named SAIPEM-HYPERION Estimated Engineering Ltd.

Hindustan Petroleum Corp. Ltd (HPCL) has acquired a 50% equity stake in HPCL Shapoorji Energy Private Ltd (HSEPL) from S P Ports Private Ltd.

Chart Industries has acquired a 5% ownership of Transform Materials and executed a strategic commercial hydrogen Memorandum of Understanding.

Servomex has launched a new campaign to support industrial operators in achieving their clean air goals.

Puma Bitumen has announced the opening of its latest bitumen terminal in Chennai, India. The new terminal will produce up to 40 000 tpy of asphalt to support infrastructure growth in the country.