Downstream news

Burckhardt Compression North America Services LLC has purchased the remaining 60% of Arkos Group LLC.

GlobalData has reported that the majority of global phenol capacity growth is to be situated in Asia.

Rystad Energy has claimed that the US is months away from full energy independence, forecasting production outstripping demand by 2030.

Dropsafe has signed a distribution deal with Van Dam Maintenance & Repair, expanding its European network.

Valero has signed long-term agreements for the use of three new refined product terminals in Mexico.

Wood Mackenzie has commented on the announcement that Reliance is to invest US$9.75 billion in an oil-to-chemicals complex in India.

GlobalData has reported that several top oil and gas companies are expanding their usage of predictive maintenance tools to monitor equipment.

Implico has announced that it has acquired the Dutch cloud specialist, Brainum, in order to expand its position in the tank storage market.

INEOS and Viridor have teamed up to produce a range of polymers made up of post-consumer recycled content.

ABS has awarded Approval in Principle to Samsung Heavy Industries for its X-Reli LNG Boil Off Gas Expander.