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Financial Performance and Strategy news
(page 27)
5 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.
2 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.
28 May 2025
REMONDIS Reports Steady Growth
Despite global challenges, the company increased 2024 turnover by 1.1 billion euros, driven by its focus on recycling, services, and water management.
22 May 2025
Essar Energy Transition Completes US$130mn Turnaround, Plans US$350mn Annual Improvements at Stanlow Refinery
Turnaround boosts throughput by 8%. New hydrogen-ready furnace installed. Business plan targets US$350mn in improvements. Debt reduction of US$600mn planned for decarbonisation investments.
15 May 2025
Rompetrol Rafinare Q1 2025 Operational Growth
Turnover rose 21% to $1.3B, despite a 30% EBITDA drop. Fuel sales grew, exports hit $407M, and state contributions increased to $372M. LDPE plant restarted, boosting petrochemical output.
13 May 2025
Borealis Advances Circular Economy in 2024
Borealis boosts circular production, expands product lines, and forms strategic partnerships to enhance recycling and sustainability across sectors in 2024.
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13 May 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.
12 May 2025
Dyno Nobel 1H25: transformation on track; fertilisers sales agreed
Agreed disposals of fertilisers assets could raise up to $835m; transformation delivered $25m benefit in 1H25; statutory NPAT $7m; share buyback to resume 13 May 2025.
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.
9 May 2025
LANXESS Reports 32% EBITDA Increase in Q1 2025
Sales stable at EUR 1.6B. Net income improved but still negative. Urethane Systems sold. Cost savings and better capacity utilization drive earnings growth.
7 May 2025
Ørsted Halts Current Hornsea 4 Offshore Wind Project
Rising costs and risks lead to project halt; future options under review. Expected financial impact: DKK 3.5-4.5 billion in 2025. EBITDA guidance remains unchanged.
11 April 2025
CARBIOS Reports 2024 Financial Results
Cash at €109M; Longlaville plant construction delayed, pending financing; progress on contracts; 2025 cost-cutting plan to reduce cash burn by 40%.
9 April 2025
LANXESS Sells Urethane Systems to UBE Corporation
The sale completed on April 1, 2025, for €500M. Proceeds will redeem a bond, reducing leverage to ~3x. This concludes LANXESS's portfolio transformation.
25 March 2025
LANXESS Boosts 2024 Earnings
EBITDA up 19.9% to EUR 614M. Sales down 5.2%. Strong cash flow, debt reduced. Cost savings ahead of plan. Urethane Systems sale to UBE finalizes specialty chemicals shift.
18 March 2025
LyondellBasell and Covestro Close PO11 Unit in Netherlands
PO11 unit closure due to overcapacity, high costs, and imports. LYB and Covestro focus on strategic assets and maintain customer relations. Shutdown by 2026.
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.
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.
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.
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.
10 February 2025
Momentum Global Ventures Boosts Investment in Perpetual Next
Perpetual Next secures funding for 15 biofuel projects, reduces debt, and gains public support, positioning for strategic partnerships and expansion in methanol and biogas production.
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.
17 January 2025
Greenergy Secures New Credit Facilities
Greenergy finalizes refinancing, enhancing flexibility with a $500M borrowing base and $265M term loan, backed by major banks, to support growth and market adaptability.
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.
10 January 2025
Groningen Seaports Invests Amid Industry Challenges
Despite a tough year, significant investments continue in industrial sites, with a focus on circular and green sectors, while managing setbacks and maintaining a positive outlook.
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.
17 December 2024
Vulcan Energy Secures €879m Debt Commitment for Lionheart Project
€879m conditional debt commitment signed with Export Finance Australia and seven banks for Phase One Lionheart Project, targeting a total debt package of €1.5bn-€1.6bn.
4 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.
2 December 2024
INEOS Enterprises to Sell INEOS Composites to KPS Capital Partners for €1.7bn
The sale includes 17 sites, 3 tech centers, and 900 employees. Completion expected in H1 2025, pending approvals. KPS aims to enhance profitability and innovation.
28 November 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.
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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