North America downstream news

The transaction is expected to close prior to the end of calendar year 2020.

The transaction is expected to close in 2H20.

The last remaining LCCP unit to come online is the Low Density Polyethylene (LDPE) plant, which is expected to achieve beneficial operation before the end of October 2020.

PTT Global Chemical America has signed an agreement with Energy Storage Ventures LLC to build a facility to store and transport NGLs for PTTGCA’s proposed ethane cracker in Ohio.

NextChem and US carbon recycling company LanzaTech have signed an agreement to license the "Waste to Ethanol" process line.

Hengyuan Refining Company Bhd. is using Honeywell UOP’s modular Chlorsorb technology as part of a revamp of its existing UOP CCR Platforming unit to help it comply with new clean air regulations.

The company has opened a performance test stand for API617 centrifugal compressor testing in Houston.

Sparrows will supply and install lubrication systems as well as provide parts and repair services for SKF’s Lincoln lubrication systems in Louisiana and Mississippi.

The combination of rapidly declining crude oil prices in March 2020 and relatively flat (and historically low) natural gas prices compressed hydrocarbon gas liquids (HGL) spot prices into a narrow price band from mid-March through the end of April 2020.

The Export-Import Bank of the United States has reaffirmed its continuing support for the LNG project on the Afungi Peninsula by initiating the process of providing US$4.7 billion in financing.