Downstream contract news
INEOS completes purchase of LyondellBasell’s Ethylene Oxide & Derivatives business
INEOS Oxide and LyondellBasell (LYB) have completed the sale of LYB’s Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas, US, to INEOS.
BP and KOGAS sign long-term LNG SPA
BP has entered into a long-term LNG sale and purchase agreement with Korea Gas Corp.
Technip Energies and Anellotech to jointly develop sustainable plastics recycling
Technip Energies and Anellotech have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s Plas-TCat™ process.
TotalEnergies and Vanguard Renewables join forces to develop RNG in the US
TotalEnergies and Vanguard Renewables have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm Powered® renewable natural gas (RNG) projects in the US.
EIG’s MidOcean Energy completes acquisition of 20% stake in Peru LNG
MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG (PLNG), owner and operator of the first LNG export facility in South America.
Boeing makes its largest purchase of blended Neste MY Sustainable Aviation Fuel
Boeing has agreed to purchase 7.5 million gal. of blended Neste MY Sustainable Aviation Fuel™ in 2024 to support its US Commercial Airplanes business operations in reducing its greenhouse gas (GHG) emissions.
Heraeus Precious Metals launches products made with 100% recycled precious metals
Heraeus Precious Metals has introduced its new offering for products made with 100% recycled precious metals.
NX Group begins offering SAF programme in Japan
Nippon Express Holdings Inc. has begun offering the NX-GREEN SAF programme in Japan.
Prada Group announces first investment in SAF credits
Prada Group has announced its first investment in sustainable aviation fuel (SAF) credits, utilising DHL Global Forwarding’s GoGreen Plus service.
Repsol enters biomethane production with acquisition of 40% stake in Genia Bioenergy
Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy.