Downstream news

In its June ‘Short-Term Energy Outlook’ (STEO), the EIA forecasts that rising global production of petroleum and other liquid fuels will limit price increases for global crude oil benchmarks.

DuPont has announced the successful startup of the STRATCO alkylation units at the Zhongke Refinery and Petrochemical Co. LTC refinery in Zhejiang, China and the Sinopec Shanghai Company (SPC) refinery in Jinshan, Shanghai, China.

Carboline has announced the acquisition of the Dudick Inc. business, a leader in high-performance coatings, flooring, and tank linings.

Chevron Marine Lubricants will boost its presence in African ports after extending its joint venture with Akwa Group.

JERA Co. Inc. has received notice of acceptance of its grant application to conduct a feasibility study on CO2 capture and methanation in the US.

Sapiem has been awarded a new contract by the Abu Dhabi National Oil Co. (ADNOC) for the Shah Gas plant in the UAE.

Use of wind power will be increased at the Porvoo refinery in Finland, as Neste is aiming for 100% renewable electricity use globally by 2023.

TECO 2030 has signed a Memorandum of Understanding with Chart Industries to jointly develop technological solutions that will capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form.

Oceania Marine Energy and Kanfer Shipping sign Letter of Intent for world’s first ammonia-ready LNG bunkering vessel in Australia.

The EIA reports that production of crude oil and natural gas in New Mexico reached new record in March 2021.