Downstream news

With the demand for sustainable aviation fuel (SAF) expected to increase tenfold by 2030, Universal Fuel Technologies (Unifuel) has closed US$3 million in funding for its Flexiforming technology that cuts SAF production costs by up to 50%.

BGEN has announced that it has signed a five-year contract with the petrochemical manufacturer, INEOS O&P UK.

Arab Petroleum Pipelines Company (SUMED) has signed a Term Sheet for handling, storing, and transferring crude oil feedstock and petroleum products with the Soukhna Refinery and Petrochemical Company (SRPC).

In line with the announcement made at the inauguration of a semi-industrial demonstration unit in Japan in October 2023, Axens, IFPEN and JEPLAN, partners in the project, have announced the launch of the commercialisation by Axens of the Rewind® PET process.

TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.

Alfa Laval has officially broken ground on a new facility in the County Line Commerce industrial park, marking a milestone in the company's commitment to enhancing its operations and customer service capabilities in the North American market.

Calumet, Inc. has announced that the US Department of Energy (DOE) Loan Programs Office (LPO) has awarded a conditional commitment for a loan guarantee of up to US$1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables.

Southwest Airlines Co. has announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Co. (Valero), a subsidiary of Valero Energy Corp., to bring SAF to Chicago Midway International Airport (MDW).

LyondellBasell (LYB) has announced it has become full owner of APK AG in Merseburg, Germany.

The US Energy Information Administration (EIA) reports that capacity to produce biofuels increased 7% in the US during 2023, reaching 24 billion gal./yr at the start of 2024.