Europe downstream news

Petrobras has approved the sale of its Landulpho Alves refinery (RLAM) in São Francisco do Conde, Bahia, Brazil, and its associated logistical assets for Mubadala Capital for the amount of US$1.65 billion.

INEOS Energy has agreed to sell its Norwegian oil and gas business to PGNiG for US$615 million.

bp has announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1 GW of hydrogen production by 2030.

HyNet North West has received £72 million in funding from the UK government to help transition the country to ‘net zero’ greenhouse gas emissions by 2050.

PKN ORLEN has signed an oil supply contract with Rosneft, with the monthly contract volume amounting to 300 000 t of oil.

MOL Group has become a biofuel producer through the realisation of its investment in the Danube refinery.

Neste has selected Rotterdam, the Netherlands, as a location for its possible next world scale renewable products refinery.

Greek construction company TERNA S.A. has awarded MAN Energy Solutions the contract for the engineering of, and supplying services to, an LNG truck-loading infrastructure project.

Petrobras will carry out works at the Duque de Caxias refinery (Reduc) to adapt the Hydrotreatment Unit (HDT) for diesel and QAV. 

Neste Corp., has completed the acquisition of Bunge Loders Croklaan’s refinery plant in Rotterdam, the Netherlands.