Europe downstream news

Nynas is a Swedish manufacturer and marketer of naphthenic specialty oils and bitumen products.

The technology will be supplied to a gas chemical complex currently under construction on the shore of the Gulf of Finland.

The company is exploring the shutdown of its refinery operations in Naantali and focusing the Naantali site on the terminal and harbour operations.

Burckhardt Compression initially purchased a 60% interest in Shenyang Yuanda Compressor, a Chinese compressor manufacturer based in Shenyang, in March 2016.

The aim of the agreement is to jointly define and develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).

Russia is expected to contribute around 21% of the global capacity additions by 2024, according to a report by the company.

In order to reach this goal, by 2030 the company will reduce CO2 emissions from its current refining and petrochemical assets by 20%.

LyondellBasell's MoReTec advanced recycling technology aims to return post-consumer plastic waste to its molecular form for use as a feedstock for new plastic materials.

Shell has said it will replace the ethylene steam cracker furnaces at its Moerdijk petrochemicals complex in the Netherlands.

The software will be deployed to help improve refinery margins with real-time, closed-loop, dynamic optimisation increasing the flexibility of operations.