Crisis and Risk Management news (page 5)

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  29 December 2025

  DOMO Chemicals Germany Files for Insolvency, Restructuring Under Review

  Operations continue as the insolvency administrator explores restructuring, with wages secured for three months. High energy costs and imports have impacted the business.
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  26 December 2025

  Elkem Reports Second Fatality After Saint-Fons Workshop Accident

  A second employee has died from the Saint-Fons accident. Two remain hospitalized. Operations are temporarily shut down. Internal and external investigations are underway.
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  24 December 2025

  Elkem Reports Fatality After Explosion at Saint-Fons Workshop

  An explosion at a Saint-Fons site resulted in one death and three injuries. Operations are halted, and investigations are underway. Psychological support is provided to affected employees.
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  22 December 2025

  Snøhvit Future Project Update by Equinor

  Snøhvit Future faces delays and cost increases, now at NOK 20 billion. Onshore compression starts in 2029. Electrification cuts CO2 by 850,000 tonnes annually.
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  22 December 2025

  Clariant Denies Competition Law Allegations by MOL Group and Braskem

  Clariant received damage claims totaling EUR 950 million related to 2020 competition law infringement but rejects the allegations, citing no market impact.
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  18 December 2025

  INEOS' Jim Ratcliffe Urges EU Action to Save Chemical Industry

  Ratcliffe warns of Europe's chemical industry decline due to Chinese imports and high energy costs, urging immediate tariff protection and carbon tax action to prevent further facility closures.

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  17 December 2025

  MOL: Danube Refinery Repairs Expected by Q3 2026

  A fire at the Danube Refinery was caused by equipment failure. Repairs are underway, with insurance claims in progress. Production loss is mitigated by increased feedstock processing and imports.
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  16 December 2025

  UPM Ends Graphic Paper Production in Ettringen

  UPM will close its Ettringen mill by December 31, 2025, affecting 189 jobs. An after-care team and a transfer company will support impacted employees.
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  16 December 2025

  Equinor Challenges Økokrim Penalty

  Equinor disputes a NOK 220M fine and NOK 500M confiscation claim for historical emissions, arguing it self-reported and addressed the issues. The case will proceed to court.
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  15 December 2025

  Borealis Settles Kallo PDH2 Dispute

  Borealis and IREM Group settle contract dispute, ending arbitration and allowing both parties to proceed.
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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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  5 December 2025

  Sumisho Realty Management Receives Business Improvement Order

  SRM received a business improvement order for compliance issues. Measures are underway to prevent recurrence and strengthen internal controls. Impact on financial results is expected to be limited.
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  1 December 2025

  Huntsman Revises Q4 2025 Outlook

  An unplanned outage at the Rotterdam facility will likely reduce Q4 2025 adjusted EBITDA by $10 million, with production expected to resume mid-December.
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  29 November 2025

  Grupa Azoty Polyolefins Begins Restructuring to Continue Operations

  The company initiates restructuring due to inability to service liabilities, aiming for continued operations and creditor arrangement by November 2025.
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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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  18 November 2025

  EU Imposes Safeguard Measures on Ferroalloy Imports; Impact on Elkem

  The EU enacts tariff rate quotas on ferroalloy imports, effective Nov 2025 for three years, excluding silicon metal. Elkem anticipates sales shifts and potential price increases.
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  18 November 2025

  TotalEnergies Responds to French Competition Authority's Decision on Corsica

  TotalEnergies disputes a fine over Corsica fuel supply, citing lack of evidence and plans to appeal, while reviewing its operations on the island.
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  18 November 2025

  Equinor Completes Investigation of Hammerfest LNG Exposure Incidents

  Venting from MEG tanks caused exposure incidents at Hammerfest LNG. Insufficient risk assessment and follow-up were identified. Measures now in place to manage risk effectively.
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  7 November 2025

  MOL Group Revises 2025 EBITDA Guidance Amid Strong Q3 Results

  Q3 profit stable at USD 503 mn. Upstream steady, downstream boosted by refining margins. Consumer Services grew, Circular Economy Services faced seasonal challenges. Guidance reviewed.
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  7 November 2025

  MOL Group Q3 2025 Earnings Report

  Profit before tax stable at USD 503 mn. Upstream steady, downstream improved, consumer services grew. Circular economy services faced challenges. Transformation strategy continues.
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  4 November 2025

  Global Bioenergies Takeover Review Postponed to 24 November

  Review hearing postponed; new offer deadline 12 November. Possible asset takeover or liquidation could lead to delisting. Financial statements delayed due to process uncertainty.
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  3 November 2025

  INEOS Marks 50 Years of Forties Pipeline, Criticizes UK Energy Policies

  The Forties Pipeline has delivered 9.6B barrels over 50 years. INEOS invested £500M since 2017. UK energy policies risk undermining energy independence and investment.
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  30 October 2025

  Covestro Q3 2025: Results Meet Expectations, Effective Cost-Cutting

  Despite challenges, cost-cutting and strategic investments drive progress. Full-year forecast narrowed; focus on sustainable growth and innovation continues.
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  23 October 2025

  Elkem Q3 2025: Strong Operations and Cost Improvements Boost Results

  EBITDA fell 33% YoY due to low sales prices. Silicones division under review for sale. EU and US trade measures may impact future performance.
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  23 October 2025

  INEOS Alerts Europe on Risk to Medicine Supply

  European BDO production is threatened by cheap imports from China, risking jobs and medicine supply chains. Urgent EU action is needed to block unfair competition and protect local industry.
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  22 October 2025

  Fibrant to cease caprolactam production at Chemelot,The Netherlands highlighting deepening crisis in European base chemicals

  Three of seven units shut; ~100 direct jobs lost while non-core product lines and ~164 staff remain. Loss risks supplier contracts (hydrogen off-take) and prompts calls for EU energy/policy action.
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  22 October 2025

  Equinor Q3 2025 Safety Report

  A fatal accident occurred at Mongstad. Safety metrics improved, with reduced incident and injury frequencies. Focus on preventive measures and supplier collaboration continues.
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  22 October 2025

  AkzoNobel Q3 Profitability Rises to 15.1% on Cost Savings

  Organic sales up 1%, revenue down 5% due to currency. India divestment closing in December. Provision for Australian project. Full-year EBITDA expected at €1.48 billion.
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  21 October 2025

  MOL Danube Refinery Fire Incident

  A fire at the Danube Refinery's AV3 plant was contained. No injuries reported. Authorities monitor air quality. Hungarian fuel supply remains secure. Investigation and damage assessment ongoing.