Downstream news

A settlement amount of US$150 million will be paid by YPF to Exmar in consideration of the early termination of the agreements and withdrawing the arbitration proceedings.

The two companies have created a partnership for the supply of LNG as a marine fuel from the proposed Galveston LNG Bunker Port terminal project.

JERA Co., Inc. has started an LNG bunkering business in the Chubu region of Japan.

The new service aims to help operators enhance asset performance, eliminate downtime, and reduce maintenance costs.

Covestro has received a first delivery of 1000 t of renewable phenol from Borealis, produced with renewable hydrocarbons from Neste.

The American Petroleum Institute (API) has issued a statement welcoming the release of the Environmental Protection Agency’s final Fuels Regulatory Streamlining Rule.

Wärtsilä has been awarded a contract for the supply of cargo handling and fuel supply system for two new Very Large Ethane Carriers (VLEC) being built at the Samsung Heavy Industries' (SHI) shipyard in South Korea.

The parties have agreed to develop products and technical solutions that will contribute to the efficiency of production, transportation, processing, refining and sales of hydrocarbons.

Wood Mackenzie’s 2020 Energy and Commodities Summit Asia Pacific edition recently started, with experts sharing their views on how the energy sector is changing in light of the oil price crash, COVID-19 and the latest carbon-neutrality trends.

NOVA Chemicals has said the sale of its expandable styrenics business to Alpek will allow it to focus on its olefin and polyethylene business.