Europe downstream news

INEOS Chemicals Grangemouth, INEOS FPS and Petroineos, have signed an MOU with the Acorn CCS Project to develop Scotland’s first carbon capture and storage system by 2027.

Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt refinery.

The Ecoslops petroleum residues recycling (P2R) unit has started-up at the TotalEnergies La Mède platform in Bouches-du-Rhône, France.

EveRé, the CMA CGM Group, Elengy, and TotalEnergies have joined forces to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG).

INEOS Energy has announced its £25 million cornerstone backing for HydrogenOne, the first listed fund dedicated to clean hydrogen in London, UK.

Shell is starting up a PEM green hydrogen electrolyser in Europe. The project, backed by a European consortium, will accelerate hydrogen production and contribute to Europe’s goal to achieve climate neutrality.

KBR has been awarded a contract by Raízen Argentina for modernising the fluid catalytic cracking (FCC) unit at its Buenos Aires refinery.

A major turnaround at Neste’s Porvoo refinery in Finland is now successfully completed and production has started at the refinery.

Técnicas Reunidas has been awarded by Gazprom Neft a US$240 million contract for the development of a modern unit for treating a residual oil at Moscow Refinery.

Use of wind power will be increased at the Porvoo refinery in Finland, as Neste is aiming for 100% renewable electricity use globally by 2023.