Home
News
Topics
Sectors
Reports
Events
Clusters
Products
WEEKLY
FOCUS
ALPHA
Search
About Us
Sign in
Chemical Industry News, Data & Insights
About Us
Sign in
Home
News
Topics
Sectors
Reports
Events
Clusters
Products
WEEKLY
FOCUS
ALPHA
Products
WEEKLY
FOCUS
ALPHA
Financial Performance and Strategy news
(page 25)
1 March 2024
Celanese to Close Mechelen Operations
Operations in Mechelen to cease by September 2024, incurring $60-75M in costs. Employee termination costs pending consultation. Facility produces engineering thermoplastics and elastomers.
27 January 2024
Paques Biomaterials Secures €14M for PHA Production Site in Emmen
Raised funds will scale up biopolymer production, leveraging wastewater technology. New facility in Emmen to produce biodegradable PHA, with significant market growth expected by 2028.
14 December 2023
Alkermes to Sell Athlone Facility to Novo Nordisk
The $92.5M sale includes a subcontracting period until 2025. Alkermes aims for operational efficiency, while Novo Nordisk gains manufacturing capacity and 400 skilled employees.
6 December 2023
Clariant Closes Bioethanol Plant in Romania
The plant closure follows operational shortfalls and continued losses. Restructuring costs and provisions will impact 2023 and 2024 financials, with significant EBITDA and EBIT adjustments.
13 September 2023
UBQ Materials Secures $70M Funding Led by Eden Global Partners
The funding will support global expansion, new facilities, and R&D for sustainable thermoplastics made from waste, with applications in automotive, consumer goods, and more.
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.
The right choices in the European chemical industry
Save time with
chemXplore Alpha
Learn more
23 August 2023
Northvolt secures $1.2 billion as first energy storage systems roll out
The $1.2B funding extends a previous $1.1B note, attracting major investors. Northvolt's new plant in Poland assembles battery systems, with customer deliveries expected later this year.
27 July 2023
VARO Secures $165M Green Loan for Biogas Expansion
The $165M green loan will refinance the acquisition of a biogas facility, doubling its capacity by 2026. The loan aligns with UN SDGs and meets stringent ESG criteria.
15 July 2023
Stora Enso Announces Restructuring for Competitiveness and Profitability
Plans include closing several production sites, reducing 1,150 jobs, and improving EBIT by EUR 110 million annually. Change negotiations will follow local regulations.
27 June 2023
DePoly SA secures CHF 12.3m to scale unique plastic recycling technology in Switzerland
A new CHF 12.3m seed round will help scale a pilot plant in Valais, Switzerland, using a unique chemical recycling process to convert PET plastics and polyester textiles into raw materials.
7 June 2023
Irving Oil Reviews Whitegate Refinery's Future
The company is considering options including a sale of key assets. The review, driven by industry challenges, could impact Ireland's energy security. The government is monitoring the situation.
6 April 2023
Evonik Sells Lülsdorf Site and Cyanuric Chloride Business to ICIG
The sale includes over 600 employees and all production plants. The transaction awaits antitrust clearance and Evonik committee approval, with completion expected by mid-2023.
21 March 2023
Olin to Close Dutch Cumene Plant
Operations will cease at epoxy resin facilities in South Korea and Brazil. Q1 2023 results will include $57M in restructuring charges, with $15M as non-cash asset impairments.
24 February 2023
BASF Reports 2022 Resilience, Implements Cost-Saving Measures in Europe
In 2022, sales rose 11.1% to €87.3B, but EBIT fell 11.5%. High energy costs and impairments impacted earnings. Cost-saving measures aim to save €500M annually and reduce CO2 emissions by 4%.
13 February 2023
INEOS Secures €3.5 Billion for Europe's Greenest Cracker in Antwerp
The new Antwerp cracker will have the lowest carbon footprint in Europe, use low carbon hydrogen, and create 450 jobs. Supported by 21 banks, the €3.5B financing includes €1.5B uncovered debt.
17 November 2022
Circularise secures €11M funding from Brightlands, Asahi Kasei, Neste, 4impact
Circularise will use the funds to advance its blockchain-based digital product passports and mass balance bookkeeping software, supporting the shift to a circular economy in industrial supply chains.
24 October 2022
Highfield Resources secures €320.6M for Muga Potash Project
The financing includes €300M for construction and €20.6M for cost overruns. The term is 10 years for the main facility and 5 years for the overrun facility. HFR shares rose 12% to A$0.84.
31 August 2022
BASF Sells Nutrilife® Baking Enzymes to Lallemand
The transaction is set to complete by September 30, 2022. Lallemand aims to expand its enzyme portfolio and ensure a smooth transition for Nutrilife® customers.
25 August 2022
Novartis to Spin Off Sandoz into Standalone Company
The spin-off aims to create a leading European generics and global biosimilars company, enhancing focus and growth for both entities, with completion expected in H2 2023, subject to approvals.
25 August 2022
Yara Reduces European Ammonia Production
Due to high gas prices, ammonia capacity in Europe is cut to 35%. Annual reductions: 3.1M tonnes ammonia, 4M tonnes finished products. Global sourcing will help meet demand.
23 August 2022
Grupa Azoty Kędzierzyn Scales Down Fertilizer Production Due to High Gas Prices
Natural gas prices surged from EUR 72/MWh to EUR 280.50/MWh in six months, driven by geopolitical tensions. The company monitors raw material prices and production profitability for future decisions.
12 July 2022
Enagás to Invest €4.775 Billion in Energy Security and Decarbonisation
The 2022-2030 Strategic Plan focuses on gas and hydrogen infrastructure, innovation, international development, and renewable projects, aiming for 2-4% annual EBITDA growth and carbon neutrality by 2040.
29 June 2022
FREYR Battery Approves First Gigafactory in Norway
The gigafactory will have a 29 GWh capacity, supported by $1.6 billion in debt financing and Norwegian government backing, aiming for high efficiency and significant market impact by 2030.
23 March 2022
MOL Builds New Propylene Plant in Hungary
The new plant in Tiszaújváros will produce 100,000 tons of propylene annually, boosting self-sufficiency and creating jobs. It's part of a $4.5 billion investment to make the city a regional chemical hub.
15 January 2022
Unimot Group Signs Preliminary Deal to Acquire Lotos Fuel Terminals and Bitumen Plants
The acquisition will make Unimot the third-largest fuel storage and second-largest bitumen seller, doubling its workforce and potentially adding PLN 70-100 million in annual EBITDA.
6 December 2021
PCC Rokita and PCC Exol to Expand Production and Product Range in Poland
The investment, valued at PLN 351 million, aims to boost production capacity and sustainability, with completion by mid-2026. Plans include renewable energy projects and advanced production technologies.
4 November 2021
ORLEN Południe Starts Green Glycol Production in Poland
The new unit in Trzebinia produces 30,000 tonnes of eco-friendly glycol annually, covering 75% of domestic demand. It includes Poland's first hydrogen hub and creates several dozen jobs.
18 October 2021
Sunfire secures €109M to advance green hydrogen technology
The investment will scale advanced electrolysis technologies, build gigafactories, and boost green hydrogen production to decarbonize industries and meet climate goals.
27 July 2021
Jervois Mining Acquires Freeport Cobalt for $160M, Expands in Finland
The acquisition adds 6,250 mtpa refining capacity in Finland, enhances downstream expertise, and strengthens financials, positioning the company for growth and sustainability. Expected to close by August 2021.
2 July 2021
AIQBE 2020 Summary
Despite COVID-19, AIQBE added 2,565 jobs in 2020, contributing significantly to Huelva's GDP. Turnover was €6.9B, with 32% of production exported. Investments totaled €219M.
← Previous
Next →
