Downstream news

MAIRE has announced new awards for the value of approximately US$3.5 billion for EPC activities.

OMV and ADNOC are set to create a US$60 billion global polyolefins group, Borouge Group International.

Lubrication Engineers are set to acquire the industrial brands and products of Royal Purple.

Osaka Gas and ADNOC have signed a long-term LNG sale and purchase agreement.

NEXTCHEM awarded a licensing contract by Transition Industries for a 2.1 million tpy ultra-low carbon methanol plant in Mexico.

Evonik has advanced pyrolysis oil capability with the launch of the Purocel™ series.

Saudi Arabia’s Ministry of Energy has awarded a feedstock allocation for joint project between Sipchem and LyondellBasell.

LanzaJet, Mitsui & Co., and Cosmo Oil have secured government funding for an SAF production project in Japan.

Oxford Flow has secured an ES valve order worth nearly US$1 million with bp in the USA.

ONEOK has announced that it has achieved higher 4Q24 and full-year 2024 earnings.