You are currently viewing: News



02-11-2018

Vitol and IFM to acquire 50% of VTTI from Buckeye

Vitol today announces that Vitol Investment Partnership II Ltd (“VIP”), an investment vehicle sponsored and managed by Vitol, and IFM Investors, a global institutional funds manager, have agreed to acquire Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.

On completion, VTTI will be owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst, CEO.

The transaction is subject to certain conditions precedent and is expected to close by year end.
Sponsor : 

Other News Items

Praxair signs hydrogen supply agreement for Phillips 66 Sweeny refinery

Praxair, Inc., a wholly-owned subsidiary of Linde plc, has reached an agreement with Phillips 66 to supply high-purity hydrogen to the company’s Sweeny Refinery ...

09-11-2018

TechnipFMC technology is heart of new mega cracker on U.S. Gulf Coast

TechnipFMC’s technology and design has played an important part in the start-up of the new ethylene facility for The Dow Chemical Company, a subsidiary of DowDuPont. ...

09-11-2018

Linde receives major order from Praxair to supply a hydrogen plant in the U.S.

The technology company The Linde Group has signed a contract with U.S. industrial gas company, Praxair Inc., to supply a hydrogen plant that will be part of the company's ...

09-11-2018

Chevron Lummus Global and Neste Engineering Solutions enter into a joint collaboration

Chevron Lummus Global and Neste Engineering Solutions have signed a collaboration agreement regarding NAPCON operator training simulators for residue hydrocracking technologies. ...

08-11-2018

Emerson to modernise Sonatrach gas processing plant in Algeria

Emerson, in partnership with Fores Engineering, has signed a $32 million contract with Sonatrach, Algeria’s state energy company, to modernise its gas processing ...

05-11-2018

Duqm refinery receives multi-source project financing

The Duqm Refinery Project is a joint venture between Kuwait Petroleum International and the Oman Oil Company and is located at the Special Economic Zone in Duqm (SEZAD) ...

04-11-2018

Vitol and IFM to acquire 50% of VTTI from Buckeye

Vitol today announces that Vitol Investment Partnership II Ltd (“VIP”), an investment vehicle sponsored and managed by Vitol, and IFM Investors, a global ...

02-11-2018

MIDOR award MIDOR refinery expansion and modernisation contract to TechnipFMC

TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East  Oil Refinery (MIDOR) for the modernization and expansion ...

01-11-2018

Air Liquide Engineering & Construction wins a chemical contract in China

Air Liquide Engineering & Construction has signed a contract to supply an air separation unit (ASU) to Shandong Runyin Bio-Chemical Industry Co. Ltd (Runyin), ​a ...

29-10-2018

Kuwait Petroleum Research and Technology (Q8 Research) invests in catalyst testing

hte – the high throughput experimentation company supplied a high throughput catalyst testing system for hydroprocessing applications to Kuwait Petroleum Research ...

29-10-2018