Downstream news

Tagaddod has announced the close of its US$26.3 million Series A funding round, led by The Arab Energy Fund (TAEF) with participation from FMO, VKAV, and A15.

The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.

Integrated Global Services (IGS) has announced the expansion of its automated field welding services with the opening of a new operational hub in Radom, Poland.

Integra Plastics AD, Bulgaria, a member of the Borealis group, is converting its production facility to produce polypropylene starting in October 2025.

Arcadia eFuels has signed an agreement with Hitachi Energy to deliver electrical infrastructure for Vordingborg eSAF facility, featuring on site green hydrogen production.

For the week ending 26 September 2025, US propane inventory was 103 million bbl, about 13 million bbl more than the previous five-year average for this time of year, the EIA has reported.

BASF has reached two significant milestones at its Zhanjiang Verbund site, China: the start-up of the butyl acrylate (BA) plant and the mechanical completion of the steam cracker and all integrated petrochemical plants.

Chevron Phillips Chemical have officially inaugurated the expansion of the polyalphaolefin (PAO) production unit in Beringen, Belgium.

Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.

Mitsui Chemicals and Ketjen have entered into a share purchase agreement for Nippon Aluminum Alkyls Ltd, a company that produces co-catalysts for polyolefins.