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Crisis and Risk Management news
(page 5)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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