Downstream news
EIA predicts US biofuel production to slowly increase
The EIA has projected that US biofuel production will gently increase through 2050.
Neste and Mirova invest in Recycling Technologies Ltd
Neste and Mirova have announced a combined €10 million investment into Recycling Technologies Ltd.
Nouryon and INEOS Nitriles break ground on new facilities
Nouryon and INEOS Nitriles has broken ground on new chelates facilities in Germany.
Yokogawa’s TDLS analyser helps maintain safety, maximise efficiency and reduce costs
Yokogawa’s Tunable Diode Laser Spectrometer (TDLS) analyser is a step change in operating safely, allowing O2 control while maximising efficiencies and minimising costs.
Hengli Petrochemical’s PTA line reaches full operation
Hengli Petrochemical and INVISTA have announced that Hengli’s PTA line has reached its full production rate.
OMV and Mubadala negotiate acquisition of 39% of Borealis
OMV and Mubadala are negotiating the acquisition of an additional 39% share in Borealis.
Iran to contribute 31% of Middle East refinery capacity additions
GlobalData has reported that Iran is set to lead Middle East new-build refining capacity additions by 2024.
LyondellBasell and Bora form petrochemical joint venture
LyondellBasell and Bora have signed definitive agreements to form a Chinese petrochemical joint venture.
Prostar plans US$100 million investment in terminal upgrade
Prostar will invest up to US$100 million in expanding and upgrading its GTI Statia storage terminal.
WEKA expands Indian market presence with Toshniwal
WEKA has fully licensed Toshniwal to produce WEKA magnetic level indicators locally, expanding its Indian presence.