North America downstream news

Tranter will supply heat exchangers for a carbon capture application in a new blue hydrogen plant in Texas, US.

The EIA forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average, with global supply and demand for petroleum liquids expected to be relatively balanced over the next two years.

Celanese Corp. has begun a carbon capture and utilisation (CCUS) project at its Clear Lake, Texas, US, site.

Ara Partners has acquired a majority interest in USD Clean Fuels, a leading developer of logistics infrastructure in North America for the renewable fuels value chain.

Norfolk Southern Corp. has released its inaugural Climate Transition Plan (CTP). The CTP is aimed at reducing greenhouse gas (GHG) emissions with a focus on transitioning to a low-carbon economy.

Azure has announced its planned development of an SAF production facility in Cherryvale, Kansas, US.

The EIA reports that US retail gasoline prices in 2023 averaged US$0.43 per gal. less than in 2022.

The EIA reports that the price of Brent crude oil averaged US$83/bbl in 2023, down from US$101/bbl in 2022.

Gold Hydrogen (GH2) has advanced to the second stage of Emissions Reduction Alberta’s (ERA) Emerging Innovators Challenge.

The CITGO Corpus Christi Refinery has earned the US Environmental Protection Agency's (EPA) ENERGY STAR® certification, distinguishing the plant as a leader in energy and environmental management in the petroleum industry.