Downstream news
Odfjell sells its ownership share of Chinese terminal
Odfjell has announced the sale of its ownership share of a terminal in Dalian, China.
CEDIGAZ releases ‘First estimates 2020’
CEDIGAZ notes that global gas demand growth slowed last year, resulting in a growing LNG surplus and much lower prices.
ICIS global petrochemical index plunges
The ICIS Petrochemical Index (IPEX) plunged in April as the impact of the falling oil price and coronavirus-driven demand destruction hit the sector.
Petrofac announces US$100 million UK contract renewals
Petrofac has secured UK renewals totalling US$100 million for an offshore vessel, development project, and terminal.
China’s largest petrochemical port enters operation
Sinopec has announced that it has put China’s largest petrochemical port into operation.
Power to methanol project launched
INOVYN has confirmed its role in an ambitious ‘power to methanol’ project set up to investigate options for sustainable methanol production.
Asian refinery hydrocracker unit capacity growth to be led by China
GlobalData has reported that China will spearhead Asian refinery hydrocracking unit capacity growth by 2024.
Growth in India’s LNG imports depends on pipeline completions
The EIA has reported that India’s LNG imports will rely upon the completion of connecting pipelines in order to grow.
Petrochemical sector braced for uncertainty
ICIS reports that May heralds even more disruption and uncertainty for petrochemicals
AFPM: innovation in the fight against COVID-19
The AFPM outlines how the US fuel and petrochemical industries have stepped up in the fight against COVID-19.