Chemical industry in Iceland

Latest Icelander chemical industry news

29 October 2026
Elkem posts NOK 554m EBITDA in Q3 2026 as silicon prices weigh

EBITDA fell to NOK 554 million in Q3 2026 as weak silicon prices hit results; foundry alloys and carbon outperformed and new EU trade measures and allowances improve the outlook.

22 October 2026
Elkem and Landsvirkjun agree long-term PPA for Iceland ferrosilicon plant

Long-term electricity secured for an Iceland ferrosilicon plant: 127 MW PPA with flexible pricing from April 2029 that ties partly to the ferrosilicon market while keeping a price floor.

21 October 2026
Merck’s KEYTRUDA plus Padcev approved by European Commission for perioperative treatment of resectable MIBC

EU clears first PD‑1 inhibitor plus ADC regimen for resectable muscle‑invasive bladder cancer regardless of cisplatin eligibility; phase 3 showed EFS HR 0.53 and OS HR 0.65.

18 September 2026
Merck wins CHMP positive opinion for KEYTRUDA plus Padcev in resectable MIBC

CHMP recommends approval after KEYNOTE-B15 showed event-free survival, overall survival and pathologic complete response gains; European Commission decision expected Q4 2026.

20 July 2026
GSK Bexsero: EMA accepts submission to add single-dose booster for 10+ years

Phase 3b data indicate a single Bexsero booster at age 10+ boosts immunity in those primed in infancy; full study results will be presented at IPNC in September.

10 July 2026
Elkem Q2 2026 results: cost reductions and balance‑sheet strengthening

EBITDA fell on weak silicon prices; raised NOK 1.8bn, refinanced EUR 1bn facility and obtained NOK 750m NIB loan; Elkem Iceland reclassified as discontinued.

4 June 2026
European Energy Exchange appointed EU ETS common auction platform from 2027

EU selects fourth common auction platform for its emissions trading system; auctions begin 2027 and ETS2 auctioning starts January 2027 while ETS2 operations start in 2028.

2 June 2026
VolagHy and Airbus co-finance Kuopio eSAF feasibility study

Feasibility and financial modelling launched for a Kuopio flagship plant that aims to scale electro-based sustainable aviation fuel across the Nordics by 2040.

22 May 2026
Merck secures CHMP positive opinion for KEYTRUDA + Padcev in cisplatin‑ineligible resectable MIBC

CHMP backed perioperative regimen for cisplatin‑ineligible resectable MIBC after Phase 3 KEYNOTE‑905 showed significant EFS, OS and pCR gains; EC decision due by Q3 2026; FDA cleared Nov 2025.

21 May 2026
PCC SE: Stable Q1 EBITDA amid 12% sales drop

EBITDA fell 2.9% to €13.0m while sales dropped 12% to €221.0m; EBT improved on exchange-rate effects; Trading & Services and logistics strengthened; bond repaid €21.0m.

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