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Crisis and Risk Management news
(page 7)
26 February 2025
CSBP Halts Kwinana Superphosphate Plant Operations
Due to declining demand and rising costs, the Kwinana SSP plant enters care and maintenance. CSBP will import SSP and repurpose the facility for increased storage capacity.
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.
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.
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.
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.
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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30 April 2024
CABB Pratteln: Acetyl Chloride Leak Causes Odor
A chemical leak caused an odor, prompting residents to stay indoors. No injuries or contamination occurred. The cause is under investigation, and safety protocols were effective.
23 April 2024
ExxonMobil to Decommission French Steam Cracker Amid Market Pressures
Permanent closure of Gravenchon steam cracker due to uncompetitive market; 677 direct jobs affected, €500M+ losses since 2018. Unions threaten strikes; decommissioning and remediation pending approval.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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