Hungarian chemical industry news

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  1 April 2026

  MOL boosts ALTEO stake to 39.97% and swaps 15% Waberer's stake

  Share-swap: 15.38% exchanged for 15% stake; transaction priced on 180-day averages, no cash flows. Parallel sale of 9.22% to Riverland. Pending regulatory approvals; close expected Q2 2026.
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  26 March 2026

  KazMunayGas 2025 Financial Results

  Revenue +12.5% to 9,371 bln KZT; EBITDA +19.6% to 2,393 bln; net profit down to 1,072 bln; net debt cut to 375 bln; production +10%; FCF +2.8%
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  19 March 2026

  MOL aligns directors' term expirations to April

  Director György Bacsa resigns effective 30 Apr 2026; board proposes re-election for 1 May 2026–30 Apr 2031 at the AGM on 10 Apr 2026, aligning all board terms to April.
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  19 March 2026

  Hungary refuses to recognize Croatian convictions against MOL Group CEO

  Budapest court ruled Croatian convictions incompatible with Hungarian law, citing fair-trial and defense breaches, after ICSID/UNCITRAL found no corruption and INTERPOL lifted the warrant
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  18 March 2026

  Huntsman opens expanded Performance Products unit in Petfurdo, Hungary

  Expanded plant began operations in 2026, boosting global capacity for amine catalysts (JEFFCAT) used in polyurethane, coatings, metalworking and electronics; project backed by Hungarian grant.
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  13 March 2026

  MOL and Slovnaft File Complaint Against JANAF's Pricing Practices

  JANAF's pricing is deemed excessive and unjustified, impacting energy supply security. MOL and Slovnaft have raised concerns with the European Commission over these practices.

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  11 March 2026

  Uniper Meets 2025 Financial Targets, Proposes €0.72 Dividend

  Uniper's 2025 earnings fell from 2024, but it plans €5B investments and long-term gas contracts to boost supply security and growth.
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  10 March 2026

  INA Completes Rijeka Refinery Upgrade

  The Rijeka Refinery upgrade boosts capacity, reduces import reliance, and enhances energy security. A green hydrogen plant is planned, with completion expected by 2026.
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  10 March 2026

  KT-Kinetics Technology Completes Rijeka Refinery Upgrade in Croatia

  The project included a new delayed coking unit and process revamp, overcoming challenges like COVID-19 and geopolitical issues, with key stakeholders attending the completion ceremony.
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  9 March 2026

  MOL Group and JANAF Begin 10-Month Adria Pipeline Capacity Tests

  The Adria pipeline undergoes 10-month tests to assess transport performance, logistics, and capacity, involving international experts. Results aim to resolve capacity debates by 2027.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.