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Financial Performance and Strategy news
29 May 2026
Petrobras to invest over R$70 billion in Sergipe
R$70B in Sergipe funds SEAP deep-water (P-81/P-87 FPSOs: 240k bpd, gas processing), 32 wells, 134 km pipeline; R$12.5B decommission 26 shallow platforms; fertilizer restarted (1.8k t/d)
29 May 2026
Rompetrol Rafinare Q1 2026: Turnover up 8%, net profit achieved
Q1: EBITDA $27.5M; March shutdown (700+ tasks) completed; Petromidia processed ~1.2Mt, white product yield 83.76%; domestic fuel share 66%; state contribution $577M
29 May 2026
EU Innovation Fund Net‑Zero Call: 358 applications, €17.5bn requested (6× budget)
Applicants across 27 countries submitted large/medium/small projects, pilots and cleantech manufacturing for energy‑intensive, carbon management, renewables and storage; results Oct 2026
29 May 2026
IFF to sell Food Ingredients business to CVC
Food Ingredients business sold for ~$4.3B (≈10x EBITDA); seller retains ~10% stake; net proceeds ~$3.8B for debt reduction, buybacks and reinvestment; close by end Q2 2027.
29 May 2026
Uniper appoints Tina Hinz General Counsel & Chief Compliance Officer
Tina Hinz becomes General Counsel & CCO on June 1, 2026. Ex-Linklaters, at the firm since 2016; led financings, trading compliance, crisis stabilisation and EU compliance rollout.
29 May 2026
Eni and Seri Industrial to develop LFP stationary battery supply chain
Agreement to build integrated LFP battery platform: cell/module plants, BESS assembly, recycling and cathode production. 2nd gigafactory >8 GWh by 2029; BESS line ready H1 2027. 30% stake for €55m.
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28 May 2026
SkyNRG and KLM start construction of Netherlands' first dedicated SAF plant
Construction begins on DSL-01. First commercial-scale SAF plant to secure non‑recourse financing; aims for ~100,000 t/yr by 2028 via HEFA from low‑quality feedstocks, >100 jobs and €16M JTF support.
28 May 2026
ORLEN Group Q1 2026: solid results and lowest fuel prices in the EU
Q1 results: LIFO EBITDA PLN14.1bn, revenue PLN75.8bn, net profit PLN8.1bn; operating cash flow PLN8.5bn; record PLN9.3bn dividend; PLN5.4bn capex on energy security and low-carbon projects
28 May 2026
Johnson Matthey preliminary results year ended 31 March 2026
Strategy driving cash: free cash flow £168m (+163%); pro forma underlying operating profit +6% at constant PGM/FX. Catalyst sale £1,325m on track; Cormetech buy agreed; new PGM refinery 2027.
28 May 2026
Johnson Matthey to acquire US SCR catalyst maker Cormetech
Buyer will acquire a US SCR catalyst maker for $360M cash, enhancing stationary emissions control tech, tapping AI/data‑centre demand; $1B pipeline; expected close mid‑2026
28 May 2026
EIB loans €300M to Limagrain to boost seed R&D
€300M InvestEU-backed loan under TechEU to fund seed genetic R&D: improve yields, disease/drought resistance, nutrient use, nutritional and environmental traits to bolster EU agricultural sovereignty.
28 May 2026
UPM and Sappi sign definitive agreement on graphic paper JV
Definitive deal to form 50/50 graphic paper JV combining two European businesses; €600m debt + €100m RCF secured; combined EV €1,420m; ~€100m annual synergies; regulatory approvals pending
27 May 2026
PTT Global Chemical wins IFR Asia 2025 Thailand Capital Markets Deal award
Awarded IFR Asia's Thailand Capital Markets Deal for a $1.1bn subordinated hybrid debenture (5.25- & 10-yr), 8x demand; boosts financial flexibility and supports low-carbon growth strategy.
27 May 2026
Petrobras to invest R$2.8bn in Amazonas for Urucu gas expansion and Transpetro fleet
R$2.8bn to expand Urucu gas (R$2.5bn for new wells, ~40 km lines) and add 18 barges + 18 pushers to insource bunker logistics, create jobs and boost regional energy supply
27 May 2026
ORLEN opens 300,000‑tonne HVO plant using domestic feedstocks
HVO plant cuts transport GHGs ≥65%, raises national biofuel capacity to ~700kt (target 1.1Mt by 2030), reduces imports, strengthens domestic feedstock supply and farming partnerships.
27 May 2026
Sumitomo Corporation and Gresham House to develop 694 MW UK BESS portfolio
JV will fund five utility-scale BESS projects with phased buildout (first three starting this fiscal year), expanding capacity and improving grid resilience.
27 May 2026
AkzoNobel to file SEC F-4 for Axalta merger; rejects Nippon Paint/Sherwin-Williams cash offer
Boards said the proposal undervalued the company, lacked regulatory/divestment certainty and failed to protect stakeholders; they unanimously back the planned merger and will provide updates.
27 May 2026
Sinopec Shengli Jiyang shale oil zone surpasses 2 million tons, advances low‑maturity development
59 wells >100 t/day (max 263); output rising to 700,000 t in 2025; drilling cut 133→17 days for 6,000m wells; proven reserves 327M t, resources 1.05B t; target 3M t/yr.
27 May 2026
Mitsubishi Chemical to Discontinue Certain Epoxy Resins at Tokai Plant
Some epoxy grades (BPA, BPF, and related formulations) will cease around Sep 30, 2027 due to aging equipment and weak market; certain items may be outsourced while focus shifts to semiconductor resins.
26 May 2026
WACKER to reduce stake in Siltronic
Announces a corporate transaction and warns that access restrictions in the preceding filter must be acknowledged before the information is displayed.
26 May 2026
WACKER sells 2.1 million Siltronic shares, raising €188 million
Placed at €89.35 each (7% of capital), reducing stake to ~24%; private accelerated bookbuild to qualified/institutional investors; proceeds to strengthen finances and fund growth.
26 May 2026
BASF and Arva partner to supply verified low‑CI grain for 45Z biofuel tax credits
Collaboration links biorefineries to verified low-CI grain via farmer-direct and commercial channels, delivering audit-ready CI scores, traceability and turnkey 45Z administration.
26 May 2026
Repsol opens 200,000 t/year renewable diesel plant in Puertollano
€130M plant converts waste oils into renewable diesel for road, truck and ship use, avoiding ~700,000 tCO2/yr lifecycle; uses renewable H2 (€16M), enables SAF, jobs and circularity.
26 May 2026
Lilly acquires three companies to expand infectious disease portfolio
Adds a better-tolerated shingles vaccine, bacterial-toxin vaccine platform for S. aureus, N. gonorrhoeae and C. trachomatis, and nanoparticle EBV vaccine tech; deals include milestone payments.
25 May 2026
Aramco transfers PRefChem ownership to PETRONAS
PRefChem is now fully owned by the buyer; deal boosts acquirer's operations and supply flexibility, lets seller optimize downstream assets. Also to explore crude supply, tech exchange and distribution
22 May 2026
EU awards €400m to 65 projects to decarbonise industrial heat
Across 10 EEA countries, projects deploy heat pumps, resistance, solar thermal and hybrids in sectors like pulp, steel, glass and food - avoiding 6.6M tCO2 over 10 years. Grant deals expected H2 2026.
21 May 2026
Eni CCUS Holding secures £500m+ financing facility for CCS platform
Facility backs Liverpool Bay CCS (operational 2028; 4.5 Mt/yr rising to 10 Mt by 2030s), funds other projects (L10, Bacton, Ravenna option); 13-bank syndicate; 30% built
21 May 2026
EIF commits €200m to Copenhagen Infrastructure Partners' Advanced Bioenergy Fund II
€200m backing to scale biomethane in Europe via greenfield anaerobic‑digestion plants converting agricultural waste; fund targets €1.5bn and aims to strengthen energy security.
21 May 2026
Equinor to expand in Northern Norway after 50 years
Produces >500k boe/d in northern Norway; supplier spend to NOK4bn by 2025. Developing Isflak and Drivis/Tubåen tie‑backs, drilling 1–2 wells/yr, targeting +200–500M barrels.
21 May 2026
Equinor and Aker BP align to accelerate NCS development
Strategic tie-up to align ownership and speed NCS developments: 19% sale in Ringvei Vest, 38.16% Frigg UK divestment, Wisting stake to 42.5%; $23M; effective 1 Jan 2026, pending approvals.
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