Chemical industry in Norway

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.

EU awards €223m to support Atlas CO₂ transport and storage on the Norwegian Continental Shelf; designed for 6 Mtpa capacity (expandable) with first injection targeted for 2031.

Partial electrification cuts ~330,000 tonnes CO₂/yr; TWEL will finish after commissioning the first electric export compressor on Troll C and omit the second to avoid up to 21 months outage, freeing ~2.3 bcm gas in 2027–28.

PEM revenue +65% and PEM order intake +473%; group order intake +339% and backlog NOK 1,314m; group revenue NOK 112m; net loss NOK -141m; cash NOK 1,078m.

Awarded by Subsea7 to supply key subsea spools and structures for Northern Lights Phase II, driving CO2 storage capacity above 5 Mtpa by 2028.

MoU to assess modular, local production of low‑carbon synthetic fuels from renewable hydrogen to boost energy security and reduce reliance on long supply chains.

Gas found at Gullfaks South: 0.5–1.6 million standard cubic metres of recoverable oil equivalents (3.3–10.3 million boe), drilled as a sidetrack to a production well.

Cost estimate raised to NOK 26.5bn (2026 value); onshore compression set for 2029, electrification 2030; project ~60% complete and will cut CO₂ by 850,000 t/yr.

106 aggregates sites and 44 hot‑mix asphalt plants change hands for ~SEK 5.5bn on a cash‑ and debt‑free basis; pro forma EBITDA multiple below buyer’s; deal subject to approval.

NOK 260m project to replace a furnace and off-gas equipment; installation starts Q1 2027; second furnace stays operational; aims to cut emissions and enable more biocarbon use.