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New Projects and Expansions news
19 August 2026
Avantium advances FDCA Flagship Plant start-up and readies financing package
Oxidation unit commissioned; full start-up and first FDCA production targeted end‑2026; 22 offtakes and >150 kt reservations secured; pursuing €55m equity plus a €20m NOM loan.
19 August 2026
Mitsubishi Chemical commercializes ultra‑high‑purity colloidal silica
Ultra‑high‑purity colloidal silica for wafer polishing and CMP slurries; new Kyushu Plant line to start commercial operations in October 2028.
19 August 2026
PETRONAS Chemicals Group posts resilient 2Q 2026 earnings amid major turnarounds
Improved earnings despite reduced plant utilisation from major planned turnarounds; revenue RM7.9bn, EBITDA RM1.3bn and interim dividend RM480m.
19 August 2026
CNPC's 800 MW wind-solar project in Jimunai begins grid supply
600 MW wind and 200 MW PV with 80×7.5 MW turbines and a 220 kV substation, targeting 1.6 billion kWh/year and cutting 0.96 Mt CO2 annually.
19 August 2026
Asahi Kasei expands Kawasaki electrolyzer and chlor‑alkali capacity with regional incentives
Kanagawa Prefecture and Kawasaki city provide financial support for new Kawasaki facilities targeting at least 2 GW each by 2028, raising total capacity above 3 GW.
18 August 2026
Genentech completes structural frame for $2B Holly Springs biomanufacturing site
Topping out completes the $2B facility’s structural frame; facility will use automation, robotics and an AI-powered digital twin and is expected to support 2,000+ jobs.
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18 August 2026
Equinor takes 17.4% stake in Chevron-operated PEL 90, Namibia
Entry into Namibia via PEL 90 gives access to a drill-ready Orange Basin prospect scheduled for testing in 2026; closing subject to regulatory approvals.
18 August 2026
Clariant opens two Additives R&D labs in China
Two new labs in Huizhou and Shanghai add full local synthesis and pilot-scale R&D for flame retardants and performance additives, strengthening China and APAC support.
18 August 2026
Aramco and Maaden JV to explore copper and energy‑transition minerals in Saudi Transition Zone
Explore ~182,000 km² Transition Zone (~10% of Saudi land) for copper and other energy‑transition minerals using AI and high‑performance computing; subject to regulatory approvals.
18 August 2026
thyssenkrupp Carbon2Chem® marks ten years as a blueprint for climate‑neutral industry
Transforms blast‑furnace CO₂ and renewable hydrogen into chemicals and fuels; moving from Duisburg demonstration to industrial scale and a SAF plant.
18 August 2026
BASF opens Global SAP and Diaper Performance Lab in Mumbai
New 200 m² lab offers 30+ test methods for SAP and diaper benchmarking, supporting global technical service and co-creation for baby, adult and feminine hygiene products.
18 August 2026
KazMunayGas H1 2026 financial results
Revenue +23.7% to 5,568 bln tenge; EBITDA +45% to 1,655 bln; net profit +69.1% to 904 bln; net debt rose to 983 bln tenge as cash/deposits declined.
17 August 2026
Petrobras contracts Halliburton to drill four onshore wells for São Tomé CCS pilot
Four onshore wells to support the São Tomé CCS pilot—Latin America’s first saline-reservoir CO2 capture, pipeline transport and storage test—targeting 100,000 tCO2/yr and operations in 2029.
17 August 2026
MAIRE/Nextchem wins NX Circular gasification licence for Australian SAF project
Licensing, PDP and engineering for the syngas section of a North Queensland project converting sugarcane residues into sustainable aviation fuel and renewable diesel; potential 125,000 t/yr.
14 August 2026
Quinbrook and CATL advance Supernode after Stage 2 commercial operation and A$469m Stage 3 financing
Brendale campus to exceed 3 GWh; first three stages total 780MW/3,074MWh under long-term offtakes; site has ~4,000MW connection capacity and a favourable MLF.
14 August 2026
Rompetrol Rafinare posts solid H1 2026 results
Consolidated turnover +25% to USD 3.5bn; EBITDA +65% to USD 128.1m and net profit USD 40.4m. Petromidia shifted output toward domestic market; H2 outlook cautious.
14 August 2026
Petrobras discovers hydrocarbons in ultra-deep Morpho well off Amapá
Hydrocarbons detected in the Morpho exploratory well about 175 km off Amapá at 2,886 m water depth in the Amazon mouth basin; block FZA‑M‑59 was acquired in 2013.
14 August 2026
SOCAR posts 86.3 billion manat revenue and 10.9 billion manat EBITDA in 2025
Revenues 86.3bn manats; total profit 12.6bn and net profit ~3.0bn. EBITDA rose 26%. Major field acquisitions and a 136% jump in operating cash flow.
14 August 2026
LanzaTech Q2 2026 financial results
Cost cuts and an equity valuation gain lift results; advancing ISCC EU recycled-fuel certification in China and selecting Ghent for a commercial-scale SAF facility.
14 August 2026
SOCAR 2025 results: AZN 86.3bn revenue, AZN 10.9bn EBITDA
Revenue driven by crude, petroleum and gas sales; EBITDA rose 26% and net profit ≈AZN 3.0bn amid major field acquisitions and stronger operating cash flow.
14 August 2026
Argentina LNG (YPF, Eni, XRG) applies for RIGI approval
Seeks RIGI status to enable an integrated LNG export chain using Vaca Muerta gas, with two FLNG units totalling 12 MTPA offshore Río Negro; FID targeted end‑2026.
13 August 2026
ORLEN gains KZR INiG certification for biofuel co‑hydrotreatment at Płock refinery
Certification permits co-hydrotreatment of bio-based feedstocks; current capacity ~100,000 t/yr, July 2026 tests raised vegetable oil share to 5% and upgrades aim for ~150,000 t/yr.
13 August 2026
Röhm PLEXIGLAS® proTerra for automotive circularity
Grades use recycled PMMA or certified feedstocks to help automakers meet new EU end-of-life vehicle recycled-plastics quotas.
13 August 2026
Brenntag to exclusively distribute Cargill Beauty in Mexico
Exclusive distribution expands Mexican personal-care lineup with nature-derived ingredients for skin, hair, color and oral formulations, plus improved supply reliability and formulation support.
13 August 2026
bp awarded Loran Phase 2 licence in Venezuela's Plataforma Deltana
Phase 2 holds an estimated 4 trillion cubic feet of recoverable gas; bp will operate a three-way joint venture and signed MoUs to pursue further offshore exploration.
13 August 2026
XRG enters Venezuela with stake in Loran offshore gas licence
Adds a material share in over 4 Tcf proven gas in the Loran‑Manatee area, links resources to existing infrastructure and strengthens the Atlantic Basin gas portfolio.
13 August 2026
thyssenkrupp Q3 2025/26: sales up and adjusted EBIT improves as strategic realignment advances
Order intake fell to €7.7bn; adjusted EBIT forecast raised to €600–900m; shareholders approved tk accelis spin-off; TKMS backlog >€20bn with major July contract wins.
13 August 2026
WACKER expands into EU pet‑food additives with fermented L‑cysteine and L‑cystine
EU approval allows plant‑based, fermented L‑cysteine/L‑cystine as sensory additives for all animal species; products suit multiple dosage forms and are supplied from Europe.
13 August 2026
LKAB Q2 2026: Earnings hit by USD hedging and higher costs
Stable production and deliveries but lower sales and operating profit due to USD hedging losses and higher energy, maintenance and urban transformation costs; two key permits granted.
13 August 2026
Evonik supplies Liocel adsorbent for Neptune Energy's Altmark DLE Pilot Phase II
Liocel chosen for adsorption-based DLE testing in an oxygen-free pilot handling 1,000 L/day to evaluate adsorbents for potential industrial deployment.
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