Downstream news
Neste expands chemical recycling logistics infrastructure at its Porvoo refinery
Neste is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tires.
GlobalData: China to spearhead global polyethylene capacity additions through 2028
China is likely to register the highest polyethylene capacity additions globally by 2028, contributing about 29% of the total capacity additions from 46 upcoming projects, reports GlobalData.
James Fisher Fendercare conducts first LNG ship-to-ship transfer off the coast of Southwold, UK
James Fisher Fendercare (JF Fendercare) – part of James Fisher and Sons plc, has successfully completed the first LNG STS transfer off the coast of Southwold, UK, for an energy major.
EIA: initial cargo of LNG ships from Mexico
The developer of the first LNG export facility in Mexico has shipped an initial cargo this month, with the LNG sailing via the Panama Canal to Mexico’s LNG import terminal in Baja California Sur.
Canada Growth Fund to invest up to US$100 million in Svante to accelerate growth
Canada Growth Fund Inc. and Svante Technologies Inc. have announced a financing commitment of up to US$100 million to accelerate the development and construction of Svante’s commercial carbon capture and removal projects in Canada and the US.
EIA: Diesel consumption falls in China due to reduced economic activity and fuel substitution
The US Energy Information Administration's (EIA) estimates of diesel consumption in China totalled 3.9 million bpd in June 2024, a decline of 11% from June 2023.
Bharat Petroleum Corp. Ltd. selects multiple lummus technologies for project in India
Lummus Technology has announced an award for multiple technologies from Bharat Petroleum Corp. Ltd. (BPCL) for a new world-scale ethylene plant and associated downstream units in Bina, Madhya Pradesh State, India.
Industry partnership advances methane reductions through collaboration and innovation
The Environmental Partnership has released its sixth annual report highlighting the US oil and natural gas industry’s collaborative efforts to reduce methane emissions and advance environmental progress.
EIA: China’s natural gas consumption, production, and imports all increased in 2023
In 2023, 7% more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.
EcoCeres delivers first vessel of SAF to Evos Ghent terminal
EcoCeres Inc., has delivered its first vessel with 10 million litres of a sustainable blending component for jet fuel (neat HEFA-SPK) to the Evos Ghent terminal, Belgium.