Europe downstream news
Carlyle Group increases stake in Varo Energy
The Carlyle Group has agreed to increase its shareholding in Varo Energy, which owns the Cressier refinery in Switzerland.
Clariant signs catalysis research partnership with ETH Zurich university
The partnership will aim to advance the understanding of catalyst properties and their performance, while Clariant will also sponsor and collaborate in fundamental chemical research projects with the university.
ClearSign Technologies Corp. receives process burner order from European refinery
The project consists of a supplying a replacement burner for a single burner process heater incorporating the ClearSign Core NOX reduction technology.
Lukoil opens high-viscosity index oils production complex at Volgograd refinery
The production facility includes a de-asphalting unit and a fractionation unit for unconverted oil.
BP reports US$5.7 billion loss in 2020
For 4Q20, BP reported a profit of US$115 million.
ABP Humber container terminals open for business
The newly expanded ABP Humber container terminals are now open for business following a £50 million investment.
OMV makes petrochemical investments at Burghausen Refinery
The measures aim to increase the site’s ethylene and propylene production capacity.
Bilfinger commissioned by Clariant to support construction of biofuels plant in Romania
Once operational, the plant will process around 250 000 t of locally sourced wheat straw per year into 50 000 t of cellulosic ethanol.
GlobalData: Asia to lead global acrylonitrile-butadiene-styrene capacity additions by 2024
Global acrylonitrile-butadiene-styrene capacity is poised to register a total growth of 19% from 11.36 million tpy in 2019 to 13.49 million tpy in 2024, according to GlobalData.
Total ends membership of API
Total has said that API's climate positions were only "partially aligned" with its own.