http://www.hydrocarbonprocessing.com Hydrocarbon Processing Neste invests in its world scale renewable products refinery in Rotterdam http://admin.hydrocarbonprocessing.com/news/2022/06/neste-invests-in-its-world-scale-renewable-products-refinery-in-rotterdam Neste has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers' higher climate ambitions. Wärtsilä to provide 100 MWh energy storage system to help unlock the UK's path towards net zero http://admin.hydrocarbonprocessing.com/news/2022/06/waertsilae-to-provide-100-mwh-energy-storage-system-to-help-unlock-the-uks-path-towards-net-zero Wärtsilä will partner with low carbon energy company SSE to deliver a 50 MW / 100 MWh energy storage system in Salisbury, Wiltshire. Process Insights announced the acquisition of the assets of the process analyzers business from Schneider Electric http://admin.hydrocarbonprocessing.com/news/2022/06/process-insights-announced-the-acquisition-of-the-assets-of-the-process-analyzers-business-from-schneider-electric Process Insights, a Union Park Capital portfolio company, announced the acquisition of the assets of the Process Analyzers business from Schneider Electric. Neste acquires European rights to Alterra Energy’s thermochemical liquefaction technology http://admin.hydrocarbonprocessing.com/news/2022/06/neste-acquires-european-rights-to-alterra-energy-s-thermochemical-liquefaction-technology Neste has purchased the European rights to Alterra Energy’s liquefaction technology, further solidifying the company’s efforts to advance chemical recycling. Indorama Ventures enters world-first China license agreement with Shandong Binhua New Material Co. Ltd. http://admin.hydrocarbonprocessing.com/news/2022/06/indorama-ventures-enters-world-first-china-license-agreement-with-shandong-binhua-new-material-co-ltd Indorama Ventures, a global sustainable chemical company, has signed a license agreement with Shandong Binhua New Material Co. to build, own and operate a propylene oxide, t-Butanol and t-Butyl methyl ether co-production unit. Hexagon’s Asset Lifecycle Intelligence division announces new name to better reflect expanded solutions portfolio http://admin.hydrocarbonprocessing.com/news/2022/06/hexagon-s-asset-lifecycle-intelligence-division-announces-new-name-to-better-reflect-expanded-solutions-portfolio Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, announced the PPM division’s name has changed to Hexagon’s Asset Lifecycle Intelligence division to more accurately represent Hexagon’s evolving offerings in the market via recent acquisitions. Howden supplies hydrogen compression solution to refinery expansion mega project http://admin.hydrocarbonprocessing.com/news/2022/06/howden-supplies-hydrogen-compression-solution-to-refinery-expansion-mega-project Howden, has signed a contract to supply hydrogen reciprocating compressors for MSB Unit for the Numaligarh Refinery Expansion Project (NREP) in India. The downstream rundown: In case you missed it 6/24 http://admin.hydrocarbonprocessing.com/news/2022/06/the-downstream-rundown-in-case-you-missed-it-624 In cased you missed any downstream news, here are the top stories from last week. EIA estimates show a decrease in global surplus crude oil production capacity in 2022 http://admin.hydrocarbonprocessing.com/news/2022/06/eia-estimates-show-a-decrease-in-global-surplus-crude-oil-production-capacity-in-2022 A new report by the EIA, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries. Novoshakhtinsk refinery resumes operations after fire http://admin.hydrocarbonprocessing.com/news/2022/06/novoshakhtinsk-refinery-resumes-operations-after-fire The Novoshakhtinsk oil refinery in the south of Russia resumed operations after a fire caused by a drone attack on June 22.