Downstream news
EET Fuels agrees US$650 million financing facilities
EET Fuels, owner of the Stanlow refinery, has successfully agreed US$650 million in receivable financing and trade credit financing facilities in this quarter.
Downey Ridge Environmental and BP enter strategic and financial agreement for biofuels
Downey Ridge Environmental Co. (Greasezilla) and BP have announced an agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production.
MHI Compressor International Corp. delivers compressor package for ExxonMobil’s carbon capture project
Mitsubishi Heavy Industries Compressor International Corp. (MCO-I) has announced the successful delivery of a CO2 product compressor package for ExxonMobil’s carbon capture and storage (CCS) expansion project in Wyoming, US.
Next Wave and Lummus produce world's first renewable alkylate
Lummus Technology and Next Wave Energy Partners, LP (Next Wave) have announced the production of the world's first renewable alkylate.
Honeywell and Chevron collaborate on AI-assisted solutions for refining processes
Honeywell has announced a strategic collaboration with Chevron to develop advanced artificial intelligence (AI)-assisted solutions to help operators make decisions to enhance efficiency for refining processes.
MET Group reaches partnership with Celsius to build LNG vessel
As part of its LNG growth strategy, Swiss-based MET Group has reached a partnership agreement with Celsius to build MET’s first LNG vessel, scheduled to be delivered in 2027.
TÜV Rheinland acquires Safetec Nordic AS
TÜV Rheinland has completed the acquisition of Safetec Nordic AS.
Air Products completes sale of LNG process technology and equipment business to Honeywell
Air Products has completed the sale of its LNG process technology and equipment business to Honeywell for US$1.81 billion in cash.
Woodside completes OCI Clean Ammonia acquisition
Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas, US, from OCI N.V. (together with its affiliates, OCI).
ABS approves ammonia fuel supply system for Nikkiso Clean Energy & Industrial Gases
ABS has issued an Approval in Principle (AiP) for a new ammonia fuel supply system (FSS) from Nikkiso Clean Energy & Industrial Gases, part of Nikkiso Co., Ltd.’s Industrial Division.