Chemical industry in Portugal

Preferred electrolyzer supplier for over 1 GW of e‑SAF projects; initial 280 MW GenEco will produce ~110 t/day renewable H2 for jet fuel at Port of Vordingborg; ENDOR moving to FID.

SAF reached 1.1 Mt (2.8% share), a near sixfold rise from 2024; supplied at 121 airports, 84% produced in the EU, and 18 Member States host production projects.

Covers 4,157 ha (≈21% of the municipality); 24‑month revision window; Strategic Environmental Assessment framework retained; 76.3% of land in the National Ecological Reserve.

Operational trials show a lighter basecoat can cut coating weight and film thickness, delivering fleet-level fuel, cost and CO2 savings while keeping finish quality.

Sequential revenue growth, gross-margin expansion to breakeven, operating costs cut ~50%, raised 2026 revenue guidance to 15–16% and targets positive EBITDAS in Q4.

Net income €458m, capex €605m and operating cash flow €762m; leverage fell to 1.2x; groundbreaking for 300 MW Andalusian Green Hydrogen Valley on Sept 17; Galp merger talks continue.

Net loss €3.9m in H1 2026 despite €22.7m adjusted EBITDA; liquidity €75m; delisting approved with Bondalti Iberica tender at €3.505/share.

Strong cash generation and higher earnings supported a proposed 10% dividend rise to €0.70/share; Bacalhau ramp-up and a €318m renewables purchase shaped the quarter.

First commercial facility will convert bioethanol into butanol, hexanol and octanol, offering low‑carbon alternatives to petrochemical products.

Purchase of additional stake in Sagunto LNG terminal pending approvals; aimed at supply security and integration with decarbonisation projects, expected before end‑2026.