Downstream news
EIA: one-fifth of US renewable diesel and SAF production was exported in 2H25
The US exported nearly 50 000 bpd of renewable diesel and other biofuels in 2H25, about 20% of the combined production for those fuels, the US EIA has reported.
TA’ZIZ announces US$2 billion financing for methanol plant
TA’ZIZ has announced that the TA’ZIZ Methanol Co. has achieved financial close on US$2 billion (AED7.34 billion) financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City.
Borogue to deliver first batch of XLPE materials
Borouge Plc is set to deliver the first batch of Cross-Linkable Polyethylene (XLPE) materials from its Borouge 4 expansion project this quarter, further supporting the development of the UAE’s energy sector.
Edison: QatarEnergy extends force majeure
Edison has announced that it has received an update from QatarEnergy of ongoing force majeure affecting LNG supplies delivered to the Adriatic LNG terminal.
Rystad Energy: US-Iran deal would delay, not end, supply crisis
Even if a deal is struck, Rystad Energy cautions that the consequences for physical oil markets will be slower and more conditional than futures prices are currently pricing in.
LyondellBasell completes sale of select European strategic assessment assets
LyondellBasell has announced that it has completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA.
TA’ZIZ and Alpha Dhabi sign agreement for US$10 billion chemicals investment
TA’ZIZ and Alpha Dhabi Holding have announced a strategic collaboration agreement for ~$10 billion (AED36.7 billion) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in the UAE.
Zeeco to acquire Oil & Gas Technologies
Zeeco has entered into a definitive agreement to acquire Oil & Gas Technologies, an Australia-based provider of vapour control and related equipment for the downstream liquid fuels storage and energy sector.
Exolum to promote the development of a CO2 storage terminal
Exolum has signed an agreement with Severnside Carbon to advance the development of a carbon dioxide (CO2) storage terminal in Avonmouth, in the Port of Bristol, UK.
Ameresco and HASI announce formation of Neogenyx Fuels
Ameresco Inc. and HA Sustainable Infrastructure Capital Inc. have announced their agreement to spin off Ameresco’s biofuels business into a newly formed joint venture, Neogenyx Fuels.