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Crisis and Risk Management news
(page 6)
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.
20 October 2025
Elkem Reduces Ferrosilicon Output in Norway and Iceland
Production cut due to weak European market and EU import investigation. Temporary layoffs possible. Aims to lower inventory and stabilize market.
16 October 2025
Sasol Addresses Homestead Park Pipeline Safety Concerns
Sasol identifies risks from encroaching settlements near its pipeline, collaborates with authorities for solutions, and conducts safety campaigns to ensure public safety.
7 October 2025
Galp Updates on Mozambique Area 4 Progress
Galp to receive $100m from Coral North FLNG FID; $400m contingent on Rovuma LNG FID. Initiates arbitration over Mozambique capital gains tax dispute.
7 October 2025
INEOS Cuts 60 Jobs in Hull Due to Energy Costs and Chinese Imports
High energy costs and cheap Chinese imports threaten UK chemical jobs. INEOS urges tariffs to protect industry and warns of further closures without government action.
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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3 October 2025
Chevron El Segundo Refinery Fire Extinguished
A fire at a refinery was extinguished with no injuries. An investigation is underway, and air quality is being monitored. Local, state, and federal agencies are involved.
3 October 2025
Clariant Denies BP and ExxonMobil Competition Law Claims
Clariant received damage claims from BP and ExxonMobil over alleged 2020 competition law breaches. Clariant disputes the claims, citing no market impact.
3 October 2025
Equinor's Melkøya Fall Incident Investigation
An internal investigation identified multiple factors in a fall accident, prompting safety improvements and enhanced supplier collaboration at onshore facilities.
3 October 2025
UPM Ends Kaukas Paper Production, Completes Employee Consultations
Paper machine 1 in Kaukas will close in Q4, reducing personnel by 220 and production by 300,000 tonnes. Pulp, timber, biofuels, and R&D at Kaukas continue. An after-care team is in place.
2 October 2025
ARLANXEO Plans Port Jerome Site Closure
ARLANXEO considers closing its Port Jerome site due to weak demand and high costs. A decision will follow consultations, with support planned for affected employees.
30 September 2025
LyondellBasell Earns Nissan Supply Chain Award
Recognized for agility, LYB adapted supply routes between the U.S. and Mexico, ensuring Nissan's manufacturing continuity during disruptions, exemplifying customer-focused supply chain excellence.
30 September 2025
High Court Approves Wellman International's Survival Plan
The court-approved plan ensures job preservation with voluntary position reductions. New shares will be issued to UG World Ltd. as the new investor.
29 September 2025
Global Bioenergies Enters Receivership
Receivership aims to continue operations and preserve jobs. Four asset offers are pending. Without a final offer, liquidation and delisting will follow. Hearing set for 03 November 2025.
26 September 2025
Eni Challenges AGCM's Biofuel Cartel Allegations
Eni disputes AGCM's decision, citing misrepresentation of facts and market logic, and plans to defend its case in court, highlighting potential harm to its reputation and Italian energy investments.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
30 May 2025
Indaver Willebroek Fire Incident
A fire at the Willebroek site involved PMD waste storage. No hazardous substances detected. Firefighting efforts continue. Updates available on local and fire department social media.
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.
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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