Europe downstream news
BASF and Henkel focus on renewable raw materials in Henkel’s consumer goods products
Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.
Neste and CINEA sign the EU Innovation Fund’s grant agreement for its clean hydrogen project
The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.
Neste’s divestment of base oils business to Chevron has been completed
The agreement, which was signed in October 2021, has now been approved by regulatory authorities.
Neste works on next step towards commercialising chemical recycling of waste plastic
Neste is conducting a feasibility study to examine investing in capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland, where the company are working on commercialising the chemical recycling of waste plastic.
SABIC signs MoU with Saudi Aramco and PKN Orlen
The three companies have signed an MoU for the exploration of potential petrochemical growth or expansion projects in Central and Eastern Europe.
Maire Tecnimont awarded EPC contract for new aniline plant in Belgium
Maire Tecnimont’s subsidiary, Tecnimont S.p.A. has been awarded the contract by Covestro.
SIAD MI starts BOG management at LNG storage facility in Italy
The company has taken on the BOG management services at an LNG storage facility located in Ravenna, Italy.
Wood Mackenzie: Tapping working gas volume could cushion blow of Europe’s energy crunch
European gas storage has been struggling to fill this summer, with Wood Mackenzie predicting storage at the beginning of November to be about 75% full, at 83 billion m³, 14 billion m³ below the five-year average.
Maire Tecnimont and Rosneft sign agreement of intent
Maire Tecnimont S.p.A. has signed an agreement of intent with Rosneft for the implementation of a project related to the construction of the VGO Hydrocracking Complex at at Ryazan Refining Co.’s (RORC) production site.
Petrofac awarded Lithuanian refinery EPC project
Petrofac has been awarded an engineering, procurement and construction contract valued at approximately €550 million from PC ORLEN Lietuva at its Mažeikiai Refinery in North-West Lithuania.