Downstream news

INERATEC has begun collaborating with a consortium that is advancing the evaluation of a potential e-Fuel value chain at the Biobío region, Chile.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Borouge, Borealis, Catalytic Finance Foundation, Pelita Mekar Semesta (PMS), and Reciki Solusi Indonesia, are set to establish Indonesia’s first fully integrated circular waste management ecosystem.

Exolum, Methanex Corp., and Ørsted, have announced the launch of the UK’s first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham.

ABB has launched a new software-as-a-service (SaaS) option for its energy management and optimisation platform, ABB AbilityTM OPTIMAX® 7.0, alongside improved advanced process control software.

JERA Co., Inc. has announced the signing of a long-term LNG sale and purchase agreement with QatarEnergy to secure the supply of 3 million tpy for 27 years.

Kevin Fletcher, ClydeUnion Pumps, USA, and Eric Ford, Graphalloy, USA, highlight the importance of pump servicing solutions for rapid turnaround of ageing refinery units.

Covestro, Fertiglobe, and TA’ZIZ have signed a memorandum of understanding (MoU) to explore collaboration across petrochemicals sector and the ammonia and nitric acid value chains.

Axens has announced the closing of the acquisition of 100% of Eurecat, following the completion of the required regulatory approvals.

Sanjay Bhargava, Director for Global Process Optimisation at KBC, A Yokogawa Company, outlines why refinery profit improvement programmes are becoming both a business necessity and a sustainability enabler.