Crisis and Risk Management news

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  25 September 2025

  MOL Group Sues Over Ethylene Cartel

  The European Commission condemned ethylene buyers for anti-competitive behavior, impacting MOL's sales. MOL seeks damages through civil proceedings.
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  17 September 2025

  Equinor Worker Fatality at Mongstad Refinery

  A worker died in a lifting accident at Mongstad. Non-critical activities halted, area secured, and investigations underway. Employees informed; support offered to those affected.
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  22 August 2025

  Ørsted's Revolution Wind Ordered to Halt Offshore Work by BOEM

  Revolution Wind halts offshore work; Ørsted seeks resolution. Project is 80% complete, aims for 2026 COD. Evaluating financial impact and potential legal actions.
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  20 August 2025

  Teijin Delfzijl Site Operations Safely Resumed

  Most operations are stable post-incident. Emmen facility stayed operational. Safety checks completed, no injuries or environmental harm. Focus on full production capacity.
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  7 August 2025

  Fire at Teijin Aramid Delfzijl Site Controlled

  A fire on August 6 was controlled in two hours with no injuries. The site is closed, but damage is limited. Emmen facility remains operational. Investigation and safety measures are ongoing.
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  31 July 2025

  Bayer Adjusts 2025 Sales Forecast and Increases US Litigation Provisions

  Raises 2025 sales and earnings guidance; expects currency impacts; reports Q2 sales of €10.7B; sets €1.2B for Roundup litigation; settles 131,000 claims; awaits court rulings.

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  29 July 2025

  EU allocates €3M for 915 dismissed Goodyear workers in Germany

  The EU will fund career support for dismissed workers in Germany, covering 60% of costs. Approval from the European Parliament and Council is pending.
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  10 July 2025

  Bayer to Exit Frankfurt Site by 2028, Secures Other German Sites Until 2030

  Agreements ensure socially acceptable job adjustments in Germany, with support for affected employees and no further site closures until 2030.
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  8 July 2025

  Vynova to End PVC Production at Beek Site

  Production at Beek to end by Nov 2025 due to market pressures. 100 jobs affected. Support initiatives planned for employees.
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  7 July 2025

  Dow to close three European upstream assets due to regional challenges

  Shutdowns aim to optimize capacity, cut costs, and boost EBITDA by 2029, impacting 800 roles. Charges range from $630M to $790M, with $500M cash outlay over four years.
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  29 June 2025

  INEOS Faces £23M Penalty Despite 75% Emission Cuts

  A UK site risks reclassification, losing carbon credits, despite cutting emissions. This may push industry offshore, challenging UK's clean investment credibility.
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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

  Northvolt Declares Bankruptcy in Sweden

  Facing financial challenges, the company filed for bankruptcy in Sweden. A trustee will oversee asset sales and operations, while subsidiaries in Germany and North America remain unaffected.
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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

  Peter Carlsson Steps Down as Northvolt CEO

  Northvolt files for Chapter 11, appoints interim leadership, and initiates CEO search. Carlsson remains as Senior Advisor and Board Member.
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  18 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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  24 September 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.