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Hungarian chemical industry news
6 March 2026
Iberdrola Acquires First Wind Farm in Victoria, Australia
Iberdrola acquires Ararat Wind Farm, expanding its presence in five Australian states and reinforcing its renewable energy strategy with a 242 MW capacity.
4 March 2026
MOL and Slovnaft File Complaint Against JANAF for Monopoly Abuse
JANAF delays crude oil supply, citing legal checks, despite EU sanctions compliance, causing supply issues for Central Europe. MOL seeks EU intervention for fair access and pricing.
26 February 2026
MOL Accuses JANAF of Legal Violations Over Russian Oil Transit
MOL demands JANAF allow unsanctioned Russian oil via sea, citing EU/US rules. Non-compliance may lead to legal action and claims for damages.
25 February 2026
MOL and Janaf Agree on Adria Pipeline Capacity Tests
Long-term tests will assess Adria pipeline capacity. MOL seeks clarity on Russian oil shipments and criticizes Janaf's pricing. Two competitive routes are vital for regional supply security.
24 February 2026
Iberdrola France Sells Onshore Portfolio to Technique Solaire
The sale includes 118 MW of wind capacity and 639 MW pipeline. It's part of a strategy to focus on core businesses and key markets like the US and UK. Fifth transaction this year.
20 February 2026
MOL Group Q4 2025 Results: Strong Downstream and Consumer Services Boost Performance
Upstream struggles amid tough conditions, while Downstream and Consumer Services thrive. Profit before tax drops 11% to USD 1.3B. 2026 guidance set at USD 1.5B.
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20 February 2026
MOL Group Q4 and 2025 Results Released
Profit before tax fell 11% to USD 1.3B. Upstream faced challenges, while downstream grew. 2026 profit guidance set at USD 1.5B. Transition to holding structure and renewable expansion noted.
16 February 2026
MOL Requests Release of Strategic Oil Reserves to Ensure Supply
No oil via Druzhba since Jan 2026. MOL shifts to seaborne supply, first arrivals in March. Hungary may release 250,000 tons of reserves. 90-day reserves secure supply. Monitoring continues.
16 February 2026
Geoinform Ltd. and Baker Hughes Form Strategic Partnership
The partnership aims to enhance operational efficiency with innovative technologies, covering services, asset maintenance, and professional training in the energy sector.
16 February 2026
MOL Requests Release of Strategic Oil Reserves to Ensure Supply
Due to halted Druzhba pipeline deliveries, seaborne crude oil is being used. Strategic reserves may be tapped if eastern shipments don't resume. Fuel supply remains stable.
12 February 2026
European Industry Leaders Urge Action for Competitiveness and Sustainability
EU industry leaders stress urgent reforms to prevent job losses and closures, advocating for regulatory changes and investment to balance green goals with competitiveness.
30 January 2026
MOL Group Partners with Libya's NOC in Oil Industry
The partnership focuses on hydrocarbons exploration, tech innovation, and crude trading, aiming to enhance international portfolios and foster educational ties.
29 January 2026
Iberdrola Sells Spanish Gas Plants to Edison Next
The sale includes five gas plants and four biomethane projects, aligning with a strategy to focus on electrification and renewable energy.
22 January 2026
Iberdrola Sells Hungarian Wind Assets for €171 Million
Iberdrola sold 158 MW of wind capacity in Hungary, aligning with its strategy to focus on core businesses and key markets like the US and UK.
22 December 2025
Clariant Denies Competition Law Allegations by MOL Group and Braskem
Clariant received damage claims totaling EUR 950 million related to 2020 competition law infringement but rejects the allegations, citing no market impact.
17 December 2025
Toray Sells Stake in LG Toray Hungary to LG Chem
Toray finalized the sale of its 50% stake in a Hungarian battery separator venture to LG Chem, with minimal impact expected on Toray's fiscal results ending March 2026.
17 December 2025
MOL: Danube Refinery Repairs Expected by Q3 2026
A fire at the Danube Refinery was caused by equipment failure. Repairs are underway, with insurance claims in progress. Production loss is mitigated by increased feedstock processing and imports.
15 December 2025
Iberdrola Sells Gas Plants for Slurry Treatment
The sale includes five gas plants and four biomethane projects, aligning with a strategy to focus on electrification and renewable growth.
15 December 2025
BASF and OQEMA Partner for Distribution in Central and Eastern Europe
The partnership covers polymer dispersions and additives, leveraging OQEMA's network for fast delivery and technical support, focusing on quality, reliability, and sustainability.
4 December 2025
MOL Expands Solar Capacity with 304 MW Acquisition in Hungary
MOL acquires 5 solar farms, boosting capacity to power 170,000 homes. Transaction valued at HUF 118 bn, with a 10% expected return. Closing in Q1 2026, pending regulatory approval.
20 November 2025
MOL and Slovnaft Seek EC Intervention on Janaf's Pipeline Practices
Janaf's unexpected demands on crude oil deliveries raise supply security concerns, potentially breaching contracts and affecting EU fuel supply.
7 November 2025
MOL Group Revises 2025 EBITDA Guidance Amid Strong Q3 Results
Q3 profit stable at USD 503 mn. Upstream steady, downstream boosted by refining margins. Consumer Services grew, Circular Economy Services faced seasonal challenges. Guidance reviewed.
7 November 2025
MOL Group Q3 2025 Earnings Report
Profit before tax stable at USD 503 mn. Upstream steady, downstream improved, consumer services grew. Circular economy services faced challenges. Transformation strategy continues.
6 November 2025
Brenntag Announces Exclusive Distribution Deal with ADM
The agreement focuses on soy-based ingredients for Eastern Europe, Saudi Arabia, and UAE, enhancing Brenntag's regional reach and ADM's market growth.
6 November 2025
Uniper on Track for 2025 Earnings Forecast
Uniper's nine-month earnings align with expectations, despite lower figures. Cash position strong, carbon emissions reduced, and EU remedy progress made. 2025 forecast reaffirmed.
5 November 2025
MOL Group Calls for Unified European Industrial Strategy
MOL Group urges Europe to adopt a unified industrial policy to enhance competitiveness, reduce energy costs, and streamline regulations for sustainable growth.
21 October 2025
MOL Danube Refinery Fire Incident
A fire at the Danube Refinery's AV3 plant was contained. No injuries reported. Authorities monitor air quality. Hungarian fuel supply remains secure. Investigation and damage assessment ongoing.
9 October 2025
Gabriel-Chemie Expands Hungarian Production Site
The expansion boosts office, warehouse, and production space, enhances production lines, and adds energy-efficient tech, including a photovoltaic system for sustainable growth.
30 September 2025
Toray Sells Remaining Stake in Hungarian Battery Separator Venture to LG Chem
Toray sells its final 30% stake in a Hungarian battery separator venture to LG Chem for ¥30 billion, continuing its operations in Japan and South Korea. Impact on Toray's results is minimal.
18 September 2025
Iberdrola Sells Hungarian Business for €171 Million
The sale includes 158 MW of wind assets. The move aligns with a strategy to focus on key markets like the US and UK, emphasizing regulated or long-term contracted generation.
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