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Finnish chemical industry news
13 May 2026
Avantium sells Ray Technology IP to UPM
Sale transfers Ray Technology patents for bio-based MEG/MPG (up to end‑2023). Seller refocuses on FDCA/PEF; €2.7M proceeds used to repay debt (€2.0M) and dismantle pilot (€0.7M).
12 May 2026
Novo Nordisk: Wegovy cuts weight and reduces cardiovascular and migraine risk across menopausal stages
Trials and real‑world data: semaglutide gave 19.7–22.6% weight loss, 15–17.5% waist reduction, ~42% MACE risk reduction in perimenopause, 42–45% lower migraine and 25% lower depression risk
12 May 2026
Eni and MSC Cruises test Enilive HVO diesel on cruise ship
Pure HVO ran ~2,000 hours on a ship engine with no modifications; matched fuel performance, cut NOx ~16% and particulates, and cut lifecycle GHG ~80%. Validated by maker and independent certifier.
7 May 2026
EU awards €1.09bn to nine hydrogen projects via European Hydrogen Bank
Selected projects across seven EEA countries will add ~1.1 GW electrolyser capacity, produce >1.3 Mt H2 over 10 years, avoid ~9 Mt CO2e; premiums €0.57–€3.49/kg; Spain/Germany add €1.7bn
7 May 2026
Statkraft Q1 results strong despite lower production
Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
30 April 2026
Kemira Oyj: Share repurchases, week 18/2026
Repurchased 282,380 shares (Apr 27–30) at avg €17.375, total €4,906,349.13; post-buyback treasury holdings 3,783,343 shares. Buyback part of program running until Sept 20, 2026.
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29 April 2026
UPM approves Plywood demerger to create listed WISA Group
Board approved plan to spin off a business into a new listed company; EGM approval pending; 1:1 share distribution; target completion Oct 31, 2026; listing expected early Nov 2026.
29 April 2026
UPM Q1 2026: Strong start led by decarbonization solutions
Q1 sales €2,505m; comparable EBIT €274m (-5%); operating cash flow €89m; net debt €2,962m. Energy and biofuels strong. H1 comparable EBIT guidance €325–525m.
29 April 2026
Neste Q1 2026 Interim Report
Strong Q1: comparable EBITDA EUR 861m; cash flow before financing EUR 286m; renewable margin USD 856/t; oil refining margin USD 23.0/bbl; leverage 31.7%; volumes hit by maintenance
24 April 2026
EMA recommends Redemplo for adults with familial chylomicronaemia syndrome (FCS)
siRNA blocking APOC3 cut triglycerides 80% vs 17% in trial; lowered acute pancreatitis rates; given subcutaneously every 3 months; common AEs: hyperglycaemia, headache, nausea.
21 April 2026
EBA annual event: Europe shifts to industrial-scale battery execution
Panelists stressed transition from project launches to industrial ramp-up, needing coordinated policy, finance and market measures, new funding tools, and scalable tech to secure competitiveness
15 April 2026
EIB lends €100m to Orion Pharma for oncology and pain R&D
Financing will support clinical trials, staff, patents and lab equipment, boosting clinical development capacity, supply security for critical medicines and EU biopharma competitiveness.
15 April 2026
Nouryon launches Expancel 081 microspheres to boost paperboard bulk and cut fiber use
New microspheres (≤1% addition) increase paperboard bulk/thickness 15–25%, enabling lower fiber and energy use, improved stability with recycled fiber and smoother runs.
14 April 2026
ERA launches to accelerate clean hydrogen for EU industrial competitiveness and energy independence
CEO-led alliance published a white paper urging governments to boost demand certainty, lower electricity costs, simplify RFNBO rules, de-risk finance and fund a hydrogen backbone to speed FIDs.
14 April 2026
thyssenkrupp-backed European Resilience Alliance launches to scale clean hydrogen deployment
CEO-led alliance white paper diagnoses bottlenecks—fragmented rules, high power costs, weak demand certainty—and urges bankable demand, simpler support, de-risk finance and cross-border infrastructure
9 April 2026
Henrik Ehrnrooth re-elected Chair of UPM's Board
Martin á Porta elected Deputy Chair. Board appointed Audit, Remuneration and Nomination & Governance committees and members. All committee members assessed independent.
2 April 2026
Coolbrook partners with Doncasters to manufacture RDH aerofoil castings
Supports first commercial heater demo at Adani Cement (India), advancing electrified high-temp process heating to cut heavy-industry CO2 by up to 30%; UK casting output to scale.
31 March 2026
OMV and XRG form Borouge International
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
25 March 2026
Neste Board Committee Appointments
After the AGM, the Board elected: Personnel & Remuneration — Chair Pasi Laine; Nick Elmslie, Conrad Keijzer, Sari Mannonen. Audit — Chair Essimari Kairisto; John Abbott, Anna Hyvönen, Just Jansz.
19 March 2026
Kemira board elects chair, vice chair and committee members
Organizing meeting set Audit and Personnel & Remuneration committees and their chairs; all board members independent except Annika Paasikivi, who is linked to major shareholder Oras Invest.
18 March 2026
Technip Energies acquires minority stake in Verso Energy’s DEZiR eSAF plant in Rouen
Project will use carbon capture to source biogenic CO2 and has FEED underway; plant due ~2030 to produce 80,000 t/yr eSAF, backed by France 2030/EU fund and planned for replication.
16 March 2026
Neste opens largest facility for upgrading liquefied waste plastic
The new facility processes 150,000 tons of waste plastic annually, advancing chemical recycling and reducing fossil resource use and emissions.
12 March 2026
Asahi Kasei Installs Electrolyzer at Finland's First Hydrogen Station
The electrolyzer will produce 400kg of hydrogen daily, supporting hydrogen-powered transport in cold climates and demonstrating technology reliability and scalability.
6 March 2026
Stora Enso Announces Executive Team for New Forest Asset Company
Tuomas Hallenberg is CEO, joined by Martin Ros as CFO, Johan Djurberg as Head of Forestry, and Pontus Selderman as General Counsel. The demerger is set for completion in H1 2027.
5 March 2026
Neste Leadership and Organizational Changes
Neste appoints new leadership for Renewable Products, adds a North America unit, and integrates commercial, refining, and feedstock sourcing into its leadership team.
5 March 2026
UPM Invests in Tyrvää Hydropower Modernization
UPM is upgrading Tyrvää plant with modern automation and eco-friendly turbines to enhance grid flexibility and reduce environmental impact, completing by 2030.
4 March 2026
Boliden Kevitsa Initiates Change Talks Due to Finnish Mining Tax Increase
Finnish mining tax hike affects 285 jobs and halts a EUR 1 billion investment decision. Change talks to conclude in six weeks, impacting all 500 employees.
27 February 2026
CABB Group Sells Jayhawk Fine Chemicals to Anupam Rasayan
CABB shifts focus to Pharma and Life Science, selling Jayhawk for $150M. Anupam Rasayan aims to expand its US presence and performance materials business.
27 February 2026
Neste Board Nominee Withdraws from 2026 AGM Election
Simo Sääskilahti withdraws from Board election. The Board will have eight members. Remaining candidates are proposed for election.
25 February 2026
Statkraft and OX2 Partner on Finland Battery Storage Optimization
Statkraft will optimize two large-scale battery systems in Finland, enhancing grid stability and renewable integration, starting in 2028 with a seven-year agreement.
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