Downstream news
ADNOC L&S and Wanhua Chemical Group form joint venture
AW Shipping will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world.
CLH Group reports fall in petroleum products
Deliveries of petroleum products from the CLH Group’s facilities to the Spanish market fell 24.1% in June.
GranBio and NextChem sign partnership to develop cellulosic ethanol
GranBio’s 2G Ethanol technology converts lignocellulosic, non-food biomass to renewable, low carbon intensity biofuels.
Russian R&D
SIBUR describes the development of the company’s latest R&D centre in Moscow, Russia.
IndianOil gives green light for integrated PX-PTA complex in Odisha
The para-xylene-purified terephthalic acid complex shall be integrated with IndianOil's Paradip refinery, which has been operational since 2015.
Marathon Petroleum to permanently close Martinez and Gallup refineries
The Martinez refinery in California will be converted to a terminal facility.
Wood Mackenzie: Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040
Covid-19 and a pessimistic economic outlook will have a near-term impact on oil demand and the refining sector in Asia Pacific. But in the long-run, demand continues to be robust driven by a future demand for mobility and petrochemicals.
Transcend Solutions announces strategic capital investments
Transcend Solutions has announced the completion of its most recent round of capital expansion.
GlobalData: rising refinery utilisation in India provides glimmer of hope despite devastating impact of COVID-19
The gradual appreciation of refinery utilisation is likely to enable refining companies to remain focused on key growth projects that would ensure long-term competitiveness to deliver strong future growth, according to GlobalData.
Neuman & Esser Group acquires Norwalk Compressor Co.
Neuman & Esser Group (NEA) has acquired Norwalk Compressor Co.’s manufacturing assets, products, trademarks and workforce.