Russian chemical industry news

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  30 March 2026

  LKAB raises mineral resources by 900 million tonnes to 7.2 billion tonnes

  Exploration added volume and confidence; reserves ~0.9 Gt. Resources grew mainly at Malmberget; Per Geijer hosts 2.2 Mt REO in situ and phosphorus. EU strategic status granted.
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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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  25 March 2026

  PureCycle secures €40M Innovation Fund grant for Antwerp PP recycling plant

  Will build a 59,000 t/yr PureFive® polypropylene recycling plant in Port of Antwerp-Bruges (ASTRA PP), using P&G dissolution tech; targets 85% GHG reduction and EU regulatory compliance
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  24 March 2026

  MOL cleared by US to proceed with NIS majority‑stake acquisition talks

  U.S. OFAC extended the negotiation license to 22 May 2026, allowing finalization of sale documents and U.S. banks' participation; deal would transfer 56.15% stake, pending approvals.
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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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  27 February 2026

  KazMunayGas 2025 Trading Update

  Hydrocarbon reserves stable; oil and gas production up. Oil transport steady; refining and polypropylene output increased.
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  27 February 2026

  BASF Advances "Winning Ways" Strategy Milestones

  BASF boosts free cash flow, starts Zhanjiang plants, and cuts costs. 2025 EBITDA drops to €6.6B; 2026 outlook: €6.2-7.0B EBITDA, €1.5-2.3B free cash flow.
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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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  23 February 2026

  Uniper Aids Ukraine with Gas Storage Equipment

  Ukraine receives technical equipment to support gas storage operations, enhancing energy infrastructure stability amid ongoing challenges.
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  8 December 2025

  North Sea Strategy Threatens UK Energy Security

  The UK's Energy Profits Levy and restrictive policies risk jobs, reduce energy security, and increase reliance on imports. Urgent tax reform is needed to restore investment and stabilize the sector.
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  28 November 2025

  MAIRE Challenges EuroChem's Unlawful Actions in UK Court Dispute

  MAIRE seeks over €700M in damages, citing EuroChem's contract breaches and contempt of UK court orders, while EuroChem turns to Russian courts, defying arbitration agreements.
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  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.
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  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.
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  28 October 2025

  Port of Rotterdam Throughput Declines 2.6% in Q3 2025

  Throughput fell due to lower iron ore and mineral oil volumes. Container and renewable fuel throughput rose, highlighting the port's resilience amid European industry challenges.
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  21 October 2025

  Port of Antwerp-Bruges: Mixed Results Amid Volatile Market

  Container traffic stabilizes, bulk declines due to global uncertainty. US tariffs impact exports. European chemical sector faces challenges. RoRo and US trade show growth.
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  6 October 2025

  INEOS to Close Two Rheinberg Plants Amid Rising Costs in Europe

  175 jobs lost due to high energy costs and lack of tariff protection. INEOS urges EU action to prevent further closures and maintain competitiveness.
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  5 August 2025

  MOL Group and KazMunayGas Ink Oil Trading Deal

  MOL imports 85,000 tons of CPC crude to Croatia, enhancing supply security in Central and Eastern Europe. The deal builds on a strategic partnership for oil diversification and cooperation.
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  30 June 2025

  ORLEN Secures Energy Independence, Ends Russian Oil Imports

  Since March 2025, refineries process non-Russian oil, enhancing regional energy security through global sourcing and infrastructure upgrades.
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  20 December 2024

  LKAB Seeks Permit for Luleå Industrial Park to Boost Europe's Critical Minerals Supply

  The permit application aims to enhance Europe's self-sufficiency in critical minerals, supporting the green transition and creating jobs, with full-scale operations planned for the 2030s.
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  1 April 2022

  Belarusian Oil Refineries Cut Capacity Due to Sanctions and Export Decline

  Belarus shifts oil refinery focus to domestic demand amid sanctions. Fertilizer exports to Russia increase, with fast-track certification easing market entry.
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  28 October 2021

  Rosneft and Maire Tecnimont to Develop VGO Hydrocracking Complex in Ryazan

  The project at Ryazan Refining includes design, equipment supply, construction, and commissioning. It aims to convert dark petroleum into Class 5 light products using efficient, eco-friendly technology.
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  7 October 2021

  LUKOIL Upgrades Stavrolen Plant with Second Gas Processing Unit

  The new unit will boost gas utilization to 5 bcm/year, increasing ethylene, polyethylene, and polypropylene production. This aligns with energy transition goals and benefits the Stavropol region economically.
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  5 August 2021

  Maire Tecnimont to Engineer Kazanorgsintez EVA Plant in Russia

  The project involves constructing a 100,000-ton LDPE/EVA plant using Sumitomo Chemical technology, valued at EUR 130 million, with a 40-month deadline. Work will be done by Maire Tecnimont subsidiaries.
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  5 August 2021

  EVRAZ Approves New Vanadium Plant in Russia

  The new vanadium slag processing plant in Uzlovaya aims to boost cost efficiency and reduce environmental impact. Investment is c.US$228 million, with a 2025 launch.
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  21 July 2021

  McDermott Wins Contract for Baltic Chemical Plant Polyethylene Project

  McDermott will provide engineering and procurement for a spent caustic treatment solution at the world's largest polyethylene project in Russia, enhancing annual production to 3 million tons.
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  3 June 2021

  Air Liquide and Severstal Sign Long-Term Oxygen Supply Contract

  A new Air Separation Unit will be built in Cherepovets, producing 1,000 tons of oxygen daily, enhancing energy efficiency and reducing CO2 emissions, operational by end of 2023.
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  30 April 2021

  Hexion Sells Phenolic Resins and Hexamine Businesses; Bakelite Brand Returns to Europe

  The $425M sale includes 11 global sites and 900 employees. Bakelite Synthetics focuses on sustainable products, enhancing fire resistance, electric vehicles, and plant production.