Financial Performance and Strategy news

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  5 September 2025

  Ørsted Revises 2025 EBITDA Forecast

  Lower offshore wind speeds and project delays prompt EBITDA guidance adjustment to DKK 24-27 billion for 2025. Gross investment guidance remains at DKK 50-54 billion. Medium-term targets unaffected.
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  5 September 2025

  Ørsted A/S Extraordinary General Meeting Decisions

  Board authorized to increase share capital with pre-emptive rights; previous authorization without pre-emptive rights repealed; resolutions registration approved.
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  9 July 2025

  Gunvor Reduces Rotterdam Operations Amid Investment Uncertainty

  Operations in Rotterdam are scaled back, ending terminal activities. Energy transition projects continue, including a SAF plant with VARO Energy. Job losses expected.
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  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.
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  10 June 2025

  LyondellBasell to Sell European Assets to AEQUITA

  The sale includes olefins and polyolefins sites in France, Germany, UK, and Spain. Closing expected by mid-2026, pending consultations and regulatory approvals.
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  9 June 2025

  Lignin Industries Secures €3.9mn for Commercial Expansion

  The funding supports scaling of Renol®, a bio-based thermoplastic, with partnerships in electronics, home goods, and construction, aiming to reduce reliance on fossil-based plastics.

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  8 June 2025

  Dow to Sell 50% Stake in DowAksa Joint Venture

  Dow sells its stake for $125M, aligning with its core focus strategy. Sale completes Q3 2025, pending approvals. BNP Paribas advised on the deal.
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  12 May 2025

  Bayer refocuses Crop Science R&D and production in Germany on strategic technologies

  Production in Frankfurt ends by 2028; R&D moves to Monheim. Dormagen streamlines, focusing on innovation. Job impacts addressed with employee reps.
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  18 March 2025

  LyondellBasell, Covestro to Close PO11 Unit in Netherlands

  Closure due to global overcapacity, high costs, and weak demand. LYB to safely shut down by 2026. Commitment to European market and ongoing customer support remain.
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  5 March 2025

  INERATEC secures €70 million for Europe's largest e-Fuel plant in Frankfurt

  €70m funding will boost e-Fuel production, aiding aviation decarbonization and supporting EU climate goals through innovative reactor technology and strategic partnerships.
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  3 March 2025

  OMV and ADNOC to Form $60 Billion Polyolefins Leader

  The new entity will be the fourth-largest globally, acquiring Nova Chemicals, with headquarters in Vienna and Abu Dhabi, and aims for significant growth and synergies. Completion by Q1 2026.
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  19 January 2025

  CARBIOS delays Longlaville plant construction by 6-9 months due to financing

  Discussions with stakeholders continue; state aid pending EU approval. Cash reserves and strategic adjustments ensure financial stability. New interim CEO appointed.
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  13 January 2025

  Spolana Restructures for Future Transformation

  Production shifts focus to industrial decarbonisation, closing PVC and caprolactam lines, cutting 500 jobs, offering severance and retraining, while modernizing sulphuric acid production.
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  6 January 2025

  MSD Ireland to Acquire WuXi Vaccines' Dundalk Facility

  The acquisition involves a €500M investment, adding 1,000 jobs across Ireland by 2025, enhancing vaccine production capabilities and strengthening Ireland's pharma sector.
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  10 December 2024

  Italgas to Invest €1 Billion in Greece's Ecological Transition by 2030

  €1B plan focuses on network expansion, digital transformation, renewable gases, and workforce development to support Greece's ecological transition by 2030.
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  4 December 2024

  FUCHS SE completes acquisition of STRUB & Co. AG

  The acquisition secures Swiss market access, retains STRUB's brand and management, and adds a research and production plant. STRUB employs 40, with EUR 15M sales in 2023.
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  27 November 2024

  Lactips Raises €16M for Global Expansion of Biodegradable Polymer

  The funding will boost growth in Europe, Americas, and Japan, enhance R&D, and expand production capacity, supported by new and existing impact investors.
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  22 November 2024

  Gunvor Temporarily Halts Rotterdam Refinery Operations Amidst Challenging Market Conditions

  Operations paused due to unviable feedstock and high costs. Refinery to serve as trading terminal. Energy transition projects, including SAF facility, remain unaffected.
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  27 October 2024

  Neste halts 120 MW electrolyzer investment at Porvoo refinery

  Challenging market conditions and limited renewable hydrogen use led to the decision. Neste explores alternative renewable hydrogen options for Porvoo refinery with partners.
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  9 October 2024

  LANXESS to Sell Urethane Systems to UBE Corporation

  The sale, valued at €460M, includes 5 sites and 400 employees. Proceeds will reduce net debt. Transaction expected to close in H1 2025, pending regulatory approval.
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  8 October 2024

  RPM International to Open Resin Facility in Belgium

  The new facility will enhance manufacturing, supply chain efficiency, and cost reduction, supporting global growth and operational goals. Opening is set for late 2024.
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  7 October 2024

  PCI Pharma invests $365M in EU and US facilities for advanced drug delivery and device products

  Investments enhance drug-device assembly, packaging, and storage in the US and EU, focusing on injectables and biologics, with new facilities in Illinois and Ireland.
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  2 October 2024

  Covestro Backs ADNOC's €1.17 Billion Takeover with Strategic Investment

  The agreement supports sustainable growth, offers a 54% premium to shareholders, and ensures governance continuity, with a 10% capital increase for strategic implementation.
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  1 October 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.
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  30 September 2024

  €35M Investment Boosts Abolis Biotechnologies

  An international consortium's investment will expand biomanufacturing, accelerate R&D, and foster strategic partnerships in healthcare, cosmetics, and chemicals, driving sustainable biotech innovation.
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  9 September 2024

  Methanex to Acquire OCI Global’s Methanol Business for $2.05 Billion

  The acquisition includes two methanol plants in Texas, a low-carbon methanol business, and a facility in the Netherlands. Expected to boost Methanex's production by 20% and add $275M in annual EBITDA.
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  5 September 2024

  PPG to Sell Silicas Business to QEMETICA

  The $310M transaction, closing in Q4 2024, includes manufacturing sites in the US and Netherlands. PPG will focus on coatings and specialty products. QEMETICA aims to expand globally.
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  30 August 2024

  BASF to Close Adipic Acid, CDon, and CPon Plants at Ludwigshafen

  Approximately 180 employees will be affected. The company will support them in finding new roles. Production will continue in South Korea and France.
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  25 July 2024

  Södra Reports Stable Q2 Results and Strategic Investments

  Net sales rose 3% to SEK 7,527 million. Operating profit was SEK 398 million. Investments in kraft lignin and tannin production are planned, enhancing sustainability and profitability.
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  18 July 2024

  BASF to Cease Glufosinate-Ammonium Production in Germany

  Production will end by 2025 due to economic reasons. Jobs will be retained until then. The company will source from third-party suppliers and focus on next-gen solutions with lower application rates.