Downstream news

ADNOC has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais LNG project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe.

Neste is expanding its offering for the polymers and chemicals industry by introducing a co-processed renewable feedstock under its established Neste RE™ brand.

TotalEnergies has announced the sale to EPUKI, the UK subsidiary of EPH, of 50% of its shares in West Burton Energy, a company wholly acquired in June 2024 with the announced intention to resale one half.

INEOS Energy has announced the acquisition of the Gulf of Mexico business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of CNOOC International Ltd (CNOOC).

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, has entered an agreement to sell its 50% ownership stake in Larus Holding Ltd, the 100% owner of Höegh Evi Ltd.

Baker Hughes and the University of California, Berkeley have announced a new long-term research partnership to establish the Baker Hughes Institute for Decarbonisation Materials at UC Berkeley’s College of Chemistry.

Wood has secured a contract worth around US$17 million from a leading petrochemical company in the Middle East to improve efficiency and reduce emissions on a process manufacturing plant.

BMW will purchase Neste MY Renewable Diesel™ and use the fuel for the initial fill of diesel vehicles leaving their manufacturing plants in Germany.

BASF has officially opened its new Catalyst Development and Solids Processing Center in Ludwigshafen, Germany.

The ROCKWOOL Board of Directors has approved a US$100 million plus investment in a new production line in Mississippi, US, for industrial insulation products.