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Financial Performance and Strategy news
(page 6)
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.
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21 May 2026
PETRONAS Chemicals Group 1Q2026: 97% plant utilisation and improved earnings
High plant utilisation, RM7.0bn revenue and RM1.2bn EBITDA; PAT RM427m vs LAT RM730m prior quarter amid higher commodity prices.
21 May 2026
PCC SE: Stable Q1 EBITDA amid 12% sales drop
EBITDA fell 2.9% to €13.0m while sales dropped 12% to €221.0m; EBT improved on exchange-rate effects; Trading & Services and logistics strengthened; bond repaid €21.0m.
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.
20 May 2026
GRILLO-Werke AG divests Metra Non‑Ferrous Metals to Hypax
Closed end of April; buyer will run the non‑ferrous metals business as a standalone growth platform while seller concentrates on core zinc and sulphur chemistry.
20 May 2026
BASF to sell silicates business and Düsseldorf assets to PQ
Silicates business and Düsseldorf assets to be sold; closing expected H2 2026. Buyer will keep operations, ensure continuity and grow the business; financial terms undisclosed.
20 May 2026
BASF refocuses on growing core businesses under Winning Ways
Core Transformation Office, led by Julia Raquet, launches CoreShift to cut net cash fixed costs up to 20% by 2029, simplify operations, harmonize processes and roll out ERP and AI.
19 May 2026
Heidelberg Materials to acquire 10% stake in AmeriTex Pipe & Products
Deal includes long-term material supply agreements with a leading Texas reinforced-concrete pipe manufacturer operating automated plants near San Antonio/Austin, DFW and Houston; terms undisclosed.
19 May 2026
Takeda: Jury verdict in AMITIZA antitrust case; FY2025 results to be revised
Jury awarded USD 884,943,990 in single damages in AMITIZA antitrust trial; wholesaler/retailer sums subject to trebling. Will appeal, assess provision and revise FY2025 filings; minimal FY2026 impact.
19 May 2026
Statkraft to invest NOK 80bn in Norwegian hydropower over 10 years
Half for major maintenance; rest for upgrades, new capacity and wind repowering. Nationwide dam reinforcements, turbine and tunnel refurbishments; projects need permits and profitability
15 May 2026
PTT Global Chemical Q1 2026 Results: Integrated Value Chain Secures Production and Balances Portfolio
Q1 revenue THB 146,936m; net profit THB 3,232m. Operations sustained via feedstock flexibility and supply‑chain continuity. Pivoting to specialty chemicals, bioplastics and recycled plastics.
15 May 2026
Ercros Q1 2026: €13.6m loss
Q1: contribution €52m; adj. EBITDA −€1m; liquidity €45m. Weak demand, high energy costs, non‑EU competition. Bondalti bid 77.23% accepted. New board aims to delist, restore profitability, integrate
15 May 2026
Eni completes investment in Nouveau Monde Graphite
US$70M subscription (of US$309.5M round) buys ~11.6% stake and board seat; secures graphite/anode material supply and supports Brindisi Gigafactory and supply-chain diversification.
15 May 2026
EnviTec Biogas: solid 2025; regulatory setbacks dent 2026, growth expected from 2027
Total output +6.8% to €376.4M; revenues -7.4% to €312.6M; EBT €26.0M (prev €44.0M) after ~€8M provision; dividend suspended. 2026 guidance: revenues €330–370M, EBT €5–15M.
14 May 2026
Ecovyst completes $100M Term Loan B add-on for INEOS Calabrian acquisition
Issued at par and co‑terminus with a $397M loan, the add‑on carries SOFR+2.00% and will partly fund the Calabrian sulfur dioxide and derivatives purchase; closing expected by end‑Q2 2026.
14 May 2026
Repsol: Refining is strategic for Spain and Europe
Chairman urged removing investment barriers and securing supply amid Iran crisis. CEO forecasts 6–9% DPS growth to 2028, 30–40% of CFO for returns; AGM ok'd dividends, €350m buyback
14 May 2026
Petrobras restarts fertilizer production at Fafen-BA
Plant resumed operations after R$100M investment, running at 90% capacity and meeting ~5% of national fertilizer demand. Plans include E&P, biodiesel, waste-oil programs and cultural funds.
14 May 2026
LanzaTech Q1 2026 Results
Q1: closed $30M equity raises (plus up to $20M option), going‑concern resolved; revenue $12M; net loss narrowed to $14.7M; Adj. EBITDA loss $7.9M; OpEx down 59%; India, UK, Japan milestones.
13 May 2026
Messer appoints Peter Mohnen as CEO and restructures European leadership
Planned CEO handover on July 1, 2026; outgoing CEO to retire; European COO departs June 30; CMO to become COO Europe; focus on continuity and family ownership.
13 May 2026
Avantium sells Ray Technology IP to UPM
Sale transfers Ray Technology patents for bio-based MEG/MPG (up to end‑2023). Seller refocuses on FDCA/PEF; €2.7M proceeds used to repay debt (€2.0M) and dismantle pilot (€0.7M).
12 May 2026
ABO Energy achieves restructuring milestones and defines strategic priorities
Restructuring draft finds firm viable; sets strategic action areas. Targets sustainable financing by end-July. Won 7.8 MW solar tariff, bid >150 MW wind, sold 16.8 MW farm and 4.5 MW turbine.
12 May 2026
Uniper posts Q1 2026 results, reaffirms 2026 earnings guidance
Q1 adjusted EBITDA €407m, adjusted net income €231m; operating cash flow €1,588m; net cash €4,394m. Segments: Green €250m, Flexible €156m, Greener Commodities €66m. Stable amid market volatility.
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