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German chemical industry news
31 July 2025
OMV Reports EUR 5.79 bn Sales in Q2 2025
Q2 2025: Strong chemical results, low leverage, ongoing Borouge integration, and green hydrogen projects. Energy segment hit by lower oil prices; Fuels & Feedstock affected by shutdowns.
31 July 2025
WACKER Q2 Earnings Meet Expectations
Sales and EBITDA fell due to weak demand and trade uncertainties. Net income was negative. Full-year outlook revised down. Focus on growth, cash, and cost management.
31 July 2025
Clariant Q2 2025: Strong Profitability, Flat Sales
EBITDA margin rose to 17.5% despite flat sales. Savings program underway. 2025 sales growth forecast lowered to 1-3%.
31 July 2025
Covestro Q2 2025: Market Volatility Impacts Performance
Q2 sales and EBITDA fell due to price drops and tariffs. Forecasts adjusted. Acquisition of Pontacol AG to boost sustainable growth. New CCO appointed.
30 July 2025
Evonik Shifts Epoxy Curing Agent Production to Renewable Electricity
The transition cuts Scope 1 and 2 emissions by one third, supporting a 25% reduction by 2030 and climate neutrality by 2050.
29 July 2025
EU allocates €3M for 915 dismissed Goodyear workers in Germany
The EU will fund career support for dismissed workers in Germany, covering 60% of costs. Approval from the European Parliament and Council is pending.
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24 July 2025
Air Liquide invests €250M in European semiconductor industry
New gas production units in Dresden will supply high-purity gases for semiconductors, enhancing reliability, reducing emissions, and using 100% renewable electricity by 2027.
23 July 2025
Lhyfe Secures €2.5m in First Crowdfunding Success
Public investors fund green hydrogen, raising €2.5m. Nearly 1,200 participants invested €300-€75,000, exceeding typical crowdfunding metrics, supporting decarbonization and regional energy goals.
22 July 2025
Innovation Fund: Six New Projects for European Industry Decarbonisation
Six projects receive €319M from the Innovation Fund to cut 24.1M tonnes CO2 in hydrogen, energy, and chemical sectors, boosting EU's net-zero transition and competitiveness.
21 July 2025
Gasunie Commits €500M to Energy Infrastructure by Mid-2025
Revenue up 20% due to higher tariffs; costs rise 11% from investments and staffing. Focus on energy transition, resilience, and hydrogen projects. €12B investment planned by 2030.
21 July 2025
Eurofins Agro and trinamiX Launch On-Farm Nutritional Analysis with Handheld Spectrometer
New handheld spectrometer offers real-time forage analysis, enhancing feed management and productivity with on-farm insights and robust chemometric models.
18 July 2025
BASF and Equinor Sign 10-Year Natural Gas Deal
Equinor to supply 23 TWh of natural gas annually to BASF, supporting energy security and sustainability goals in Europe. Deliveries start October 2025.
17 July 2025
Agilyx to Acquire 44% of GreenDot Global
The acquisition enhances Agilyx's European market presence, boosting recycling capabilities. GreenDot's expansion in Austria and Italy supports its circular economy goals. Transaction closes Q3 2025.
17 July 2025
WACKER Launches New Semiconductor-Grade Polysilicon Line
The €300M facility boosts hyperpure polysilicon output by 50%, enhancing process stability. €46M EU funding supports innovation for next-gen microelectronics.
16 July 2025
HARKE GROUP Acquires Vendico Group
The acquisition strengthens HARKE's presence in the Nordic market, enhancing service and coverage in Europe and Asia, with aligned strategies and seamless continuity.
10 July 2025
Bayer to Exit Frankfurt Site by 2028, Secures Other German Sites Until 2030
Agreements ensure socially acceptable job adjustments in Germany, with support for affected employees and no further site closures until 2030.
10 July 2025
BASF Coatings Wins Award for Sustainable Two-Tone Painting Innovation
A new process achieves 100% paint efficiency, cuts costs by 70%, and reduces waste and emissions, revolutionizing two-tone vehicle painting.
9 July 2025
WACKER Opens Munich Biotechnology Center
The new center boosts research in biopharmaceuticals and food ingredients, enhancing efficiency and collaboration to accelerate product development and market entry.
7 July 2025
Dow to close three European upstream assets due to regional challenges
Shutdowns aim to optimize capacity, cut costs, and boost EBITDA by 2029, impacting 800 roles. Charges range from $630M to $790M, with $500M cash outlay over four years.
1 July 2025
BASF Acquires Full Ownership of Alsachimie Joint Venture
The acquisition enhances operational efficiency and supply reliability for PA 6.6 production, aligning with strategic goals to optimize raw material integration and expand production capabilities.
1 July 2025
BASF Sells Styrodur® Business to BACHL
The transaction completed on June 30, 2025. BASF shifts focus to EPS, increasing Neopor® capacity. Styrodur® employees stay with BASF.
30 June 2025
ORLEN Secures Energy Independence, Ends Russian Oil Imports
Since March 2025, refineries process non-Russian oil, enhancing regional energy security through global sourcing and infrastructure upgrades.
26 June 2025
Solvay and Enagás to Develop Hydrogen Storage in Spain
The project in Cantabria will use salt caverns for hydrogen storage, supporting Spain's renewable energy goals and enhancing network stability.
17 June 2025
WACKER Unveils Silicone Elastomers for Diverse Applications
At K 2025, new silicone products for grid expansion, e-mobility, and sustainability are showcased, highlighting innovations in insulators, busbars, and eco-friendly materials.
17 June 2025
TotalEnergies Secures North Sea Offshore Wind Concession
The N-9.4 concession enables 1GW wind capacity, with €18M paid for marine conservation and €8.1M annually for grid connection. Strategic review launched due to TSO delays.
17 June 2025
INEOS Phenol to close Gladbeck site due to high energy and carbon costs
The closure affects 279 jobs directly, impacts over 1500, and is due to uncompetitive costs and reduced local demand. Consultation with stakeholders will ensure a responsible exit.
17 June 2025
UPM Leuna Biorefinery Earns Triple Sustainability Certification
The biorefinery uses certified sustainable wood to produce biochemicals, supporting responsible sourcing and brand trust, with production starting in late 2025.
11 June 2025
BASF Launches Black Mass Battery Recycling Plant in Germany
The plant processes 15,000 tons of lithium-ion batteries annually, aiding circular economy goals by recovering key metals for new cathode materials, enhancing EU battery recycling efforts.
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