Crisis and Risk Management news

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  17 June 2025

  INEOS Phenol to close Gladbeck site due to high energy and carbon costs

  The closure affects 279 jobs directly, impacts over 1500, and is due to uncompetitive costs and reduced local demand. Consultation with stakeholders will ensure a responsible exit.
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  12 March 2025

  QEMETICA Plans Janikowo Soda Plant Hibernation

  High energy costs and competition force plant closure, impacting jobs. Support sought for fair competition and cost reduction. Diversification and global investments underway.
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  13 January 2025

  UK's Last Synthetic Ethanol Plant Closes

  UK chemical industry struggles with high energy costs, job losses, and lack of new plants. Calls for government action on energy, emissions, and trade policies.
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  22 November 2024

  Unite urges Labour to act on Grangemouth refinery closure plan

  Unite proposes converting the refinery to a bio-fuels hub, preserving jobs and aligning with government policies, while urging government intervention against closure.
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  1 October 2024

  Solvay to End Production at Salindres Site

  68 positions will be cut by late 2025 due to ongoing financial losses. Provisions of €50M will be recorded in Q3 2024, with cash-out starting in 2025. 2024 EBITDA and FCF guidance remain unchanged.
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  12 September 2024

  Grangemouth Petroineos Oil Refinery to Close in 2025: Focus on a Green and Industrial Transition

  Closure impacts 400 jobs; £100M pledged for green projects. Focus on reskilling, clean fuels, and hydrogen. Other site operations remain.

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  23 April 2024

  ExxonMobil to Decommission French Steam Cracker Amid Market Pressures

  The closure affects 677 jobs, with wider impacts. High costs and market pressures drive the decision. Regulatory approval pending, with site remediation planned.
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  9 March 2024

  Yara Reduces Production at Ferrara and Le Havre Plants Due to High Natural Gas Prices

  Production at these plants will operate at 45% capacity due to high natural gas prices. Yara will monitor the situation and use its global system to maintain supply and food chain continuity.
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  10 December 2023

  Fire at Elkem Salten Plant

  A fire broke out at a silicon plant in Norway. Four individuals were treated, and production halted. The fire is under control, and all personnel are accounted for.
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  29 November 2023

  INEOS Aromatics to Mothball PTA Plant in Geel, Belgium

  Rising costs make European PTA production uncompetitive. Affected employees will be consulted for redeployment. Customers remain unaffected as the larger, efficient PTA unit continues operations.
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  21 September 2023

  EQTEC Halts Billingham Project in UK

  Challenging market conditions and setbacks make the Billingham project unfeasible. Discussions continue on recovering investments. Focus shifts to broader strategic opportunities.
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  5 September 2023

  LyondellBasell to Close One of Two Polypropylene Units in Brindisi

  Consultations with unions begin over potential redundancies. The closure aims to address strategic and financial challenges, focusing on higher value markets. Supply to customers will continue.
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  20 June 2023

  Arlanxeo to Close Zwijndrecht Plant, 278 Jobs Lost

  The plant closure is due to severe competition and high production costs. Despite investments, a sustainable future was unattainable. A social plan will support affected workers.
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  2 March 2023

  Synthos to Halt ESBR Production at Kralupy Plant

  Production will cease in Q2 2023 due to high utility costs and geopolitical issues. Annual ESBR capacity will drop from 430,000 to 320,000 tonnes. Other rubber types will continue production in Poland and Germany.
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  15 December 2022

  Ercros and Unions Finalize Redundancy Plan for Flix Factory

  The redundancy plan affects 39 of 48 workers, with 9 retained for maintenance. It includes relocations, retirements, and compensated leaves. The plant closes due to contract terminations.
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  16 September 2022

  Federal Government Takes Over Rosneft Deutschland

  The Federal Network Agency will manage Rosneft's assets to ensure Germany's oil supply. This includes securing jobs and future investments, with significant funding from the Federal and Länder Governments.
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  8 September 2022

  LyondellBasell Delays Berre Cracker Restart to 2023

  A fire-damaged ethylene cracker in France will remain offline until early 2023 due to high energy costs, low margins, and reduced demand.
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  24 August 2022

  Achema Halts Fertilizer Production in Lithuania Due to Natural Gas Prices

  Rising natural gas prices force a temporary halt in fertilizer production. Resin and technical gas production continue. Some employees will maintain equipment; others are on standby.
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  23 August 2022

  Grupa Azoty Kędzierzyn Scales Down Fertilizer Production Due to High Gas Prices

  Natural gas prices surged from EUR 72/MWh to EUR 280.50/MWh in six months, driven by geopolitical tensions. The company monitors raw material prices and production profitability for future decisions.
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  22 August 2022

  Grupa Azoty S.A. Halts Production Due to Record Gas Prices

  Production units shut down due to high gas prices. Other products continue. Investment and repairs planned. Essential services maintained. Market conditions monitored for future decisions.
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  12 May 2022

  Explosion at Melamin Chemical Factory in Slovenia

  Over 20 injured, 2 severely, and 5 missing after an explosion. Fire contained, building damaged. Facility is a major regional employer, producing resins. Worst industrial fire in Slovenia recently.
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  24 February 2022

  KARPATNAFTOCHIM Ltd. Shutdown Notice

  Due to martial law in Ukraine, production facilities are shut down. The company is prepared to comply with statutory requirements and urges everyone to remain calm.
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  27 September 2021

  BASF Reduces Ammonia Production in Europe

  Rising natural gas prices in Europe have made ammonia production economically challenging. Production will be adjusted based on ongoing gas price developments.
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  21 September 2021

  CF Industries Restarts Ammonia Plant in Billingham, UK

  The ammonia plant restart follows an agreement to cover costs and produce CO2 for the UK market, averting potential supply disruptions. The process will take several days.
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  20 February 2021

  Equinor Methanol Plant Resumes Production in Norway

  After a fire in December 2020, the Tjeldbergodden methanol plant has safely resumed operations. Extensive inspections and testing were conducted to ensure safe and stable production.
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  2 December 2020

  Fire at Tjeldbergodden Methanol Plant Extinguished

  A fire at a Tjeldbergodden methanol plant was extinguished within an hour. No injuries reported. The plant was shut down, personnel evacuated, and emergency procedures implemented.
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  15 May 2020

  Solvay's Composite Materials Efficiency Plan

  The plan includes closing plants in Manchester and Tulsa, cutting 570 jobs, and saving €60M annually by end of 2020, to counteract COVID-19's impact on demand in the civil aircraft sector.
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  14 November 2019

  CIECH S.A. Records Impairment for CIECH Soda Romania Assets, No Impact on Adjusted EBITDA

  An impairment loss of PLN 36.8M was recorded due to halted steam supplies, affecting EBITDA and net results. Production stopped on Sept 18, 2019. Future decisions pending by year-end.
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  17 May 2019

  OCI Melamine Plant Turnaround and CO2 Reduction

  The plant undergoes a three-week maintenance involving 1,000 tasks and 500 workers. Key upgrades include an energy-efficient stripper to cut energy use and CO2 emissions, prioritizing safety throughout.
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  27 February 2019

  CropEnergies Resumes UK Ethanol Production

  The UK plant will restart in March 2019 at reduced capacity to meet local demand. Continuous operation depends on the local market for alternative fuels and clarity on Brexit-related customs issues.