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Crisis and Risk Management news
(page 6)
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.
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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.
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.
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.
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.
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