New Projects and Expansions news (page 14)

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  13 May 2026

  bp joins Ustyurt PSA with 40% stake

  At OGU 2026, accession documents signed for the Ustyurt PSA covering Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy. Project at early stage; operator conducting seismic surveys.
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  12 May 2026

  SPIE partners with SkyNRG on DSL-01 SAF plant in Delfzijl

  100,000 t/yr SAF plus 35,000 t/yr sustainable by‑products; CO₂ savings up to 80%; construction started and operation expected mid‑2028.
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  12 May 2026

  Messer Belgium builds sustainable air separation plant at North Sea Port

  €60M investment creates 30 jobs to produce oxygen, nitrogen and argon; construction starts mid‑May, commissioning by 2028, CO2‑free operation using green electricity; serves Lille‑Rotterdam axis
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  12 May 2026

  TotalEnergies signs MoU with Syrian Petroleum Company for Block 3 offshore exploration

  MoU creates a framework for technical review and commercial discussions to assess exploration of offshore Block 3 in Syria's Mediterranean.
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  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.
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  12 May 2026

  Eni and MSC Cruises test Enilive HVO diesel on cruise ship

  Pure HVO ran ~2,000 hours on a ship engine with no modifications; matched fuel performance, cut NOx ~16% and particulates, and cut lifecycle GHG ~80%. Validated by maker and independent certifier.

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  12 May 2026

  Iberdrola grows Italy renewable capacity to 450 MW with 40 MW Basilicata wind acquisition

  Commissioned in 2018, the plant has long‑term incentives ensuring stable cash flows. Near Lucania Complex, it complements Montelungo (20 MW), Etruria and Fenix (243 MW).
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  12 May 2026

  DOMO Engineered Materials joins RadiciGroup to create global tier‑1 compounder

  Acquisition closed; combined global tier‑1 compounding platform serving diverse end markets. TECHNYL brand and teams remain; CEO appointed; focus on innovation and sustainability.
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  12 May 2026

  EWE awards Bilfinger contract for Emden hydrogen plant

  Final major contract fixes cost and planning for a 320 MW electrolyser, enabling long-term green-hydrogen supply deals. First production slated late 2027; stable regulation needed.
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  12 May 2026

  PETRONAS LNG signs 20-year charter with MISC for five LNG carriers

  174,000-cbm newbuild LNG vessels to be built in Shanghai, delivery 2029–2030; will use XDF2.1 propulsion, shaft generators and onboard reliquefaction; project and ship management arranged.
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  11 May 2026

  Ecovyst adds $100M Term Loan B to fund INEOS Calabrian sulfur business acquisition

  Plans a $100M Term Loan B add-on to finance acquisition of INEOS’s Calabrian sulfur dioxide and related sulfur derivatives business; close targeted end-Q2 2026 with ~2x net leverage.
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  11 May 2026

  POSCO Holdings invests USD 765m for 30% stake in Australian lithium JV with Mineral Resources

  Secures rights to 30% of spodumene concentrate from Wodgina and Mt. Marion; aims to link upstream mining supply with downstream processing and capture dividend income.
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  11 May 2026

  Covestro to install Dormagen steam compressor, cutting Germany energy use 2%

  Heat-pump upgrade will save ~40,000 t CO2/yr, cut low three-digit GWh energy use; investment low double-digit million euros; expected operation mid-2027.
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  11 May 2026

  LanzaTech selects North Sea Port, Ghent for Europe’s first commercial ATJ SAF plant

  €500M ATJ project targeting 79,000 t/yr SAF and 9,000 t/yr renewable diesel; EIA scoping filed; ~50 permanent jobs and ~300 FTE construction; FEED complete; EU Horizon support.
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  11 May 2026

  BASF Agricultural Solutions opens BioHub fermentation plant in Ludwigshafen

  High double‑digit €m investment started commercial fermentation of biological crop actives (B. amyloliquefaciens, P. coprobium), boosting production flexibility and supply resilience.
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  11 May 2026

  RIFT expands Iron Fuel plans to Rotterdam

  Reserved Maasvlakte with Port of Rotterdam to advance commercial-scale Iron Fuel projects; Rotterdam complements Antwerp with infrastructure, logistics and low-carbon hydrogen
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  11 May 2026

  Ørsted and PGE start Baltica 2 offshore installation

  First foundations installed for a 1.5 GW offshore wind farm. 111 monopiles (107 turbine, 4 substation) to be installed through Q4 2026; commissioning expected in 2027; 25-yr CfD.
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  11 May 2026

  GSK partners with Sino Biopharmaceutical (CTTQ) for exclusive China launch of bepirovirsen

  Potential first-in-class CHB treatment under priority review in China; deal provides access to 5,000+ medical centres at launch, local import/distribution, hospital access and initial 5.5-yr supply.
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  11 May 2026

  Aurubis reports stronger Q2 and raises full-year forecast

  Q2 operating EBT €121m (+15% q/q); H1 EBT €226m; H1 EBITDA €351m (+3%). Net cash flow €161m, down on higher inventories. ROCE 8.1% as €1.7bn projects near completion; new recycling plants ramping up.
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  11 May 2026

  Sumitomo Corporation: Noirmoutier 500 MW Offshore Wind Farm in France Begins Commercial Operation

  Construction complete; commercial operation started. 12 km offshore; ~25‑yr life. Annual output ≈ supply for 800k users. Power sold under long‑term fixed‑price PPA; financed via syndicated loan.
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  11 May 2026

  Shanghai Petrochemical commissions phase‑one of 30,000‑t large‑tow carbon fiber project — China’s largest 48K single‑line

  Phase-one (2 lines) of a 30,000-t large-tow carbon-fiber project in Ordos began production. Single-line >3,000 t (48K); +50% capacity, 188-day build, >60% green power
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  9 May 2026

  Uniper demolishes Scholven towers D & E for H2-ready CCGT

  Two 114 m cooling towers were demolished at 11:00; ~15,000 t of concrete will be recycled for site backfill. Demolition used a coordinated safety plan; no resident evacuations.
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  8 May 2026

  Petrobras RNEST sets April diesel S‑10 record — 385 million L

  Upgrades (2025 revamp) raised capacity to 130 kb/d, lifting refined‑fuel output ~60% y/y; R$12bn to finish train‑2 to reach 260 kb/d by 2029, boosting energy security and cutting imports.
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  8 May 2026

  INA, MOL and Syrian Petroleum Company discuss reactivating INA’s Syria operations

  Three-day talks assessed restarting oil and gas operations. Joint experts will evaluate technical, operational, commercial and regulatory prerequisites and set a reactivation roadmap.
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  8 May 2026

  MOL Group Q1 2026: USD 212m profit amid supply disruptions and price controls

  Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
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  7 May 2026

  argenx Q1 2026 Financial Results & Business Update

  Q1 product sales $1.3B (+63% YoY); profit $366M; PDUFA May 10 for seronegative gMG; VYVGART label expansions, multiple pipeline readouts in 2026–27; cash $4.9B
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  7 May 2026

  Worley appointed feasibility advisor for St George’s Araxá niobium and rare earths project

  Appointed feasibility advisor to provide consulting and engineering for feasibility studies, metallurgy and process, mine planning, plant/tailings design, procurement and construction.
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  7 May 2026

  Borouge expands UAE logistics network with Gulftainer and Etihad Rail partnerships

  Agreements secure East Coast export access, streamline inland logistics, and create an integrated rail corridor from Ruwais to ports—boosting multimodal resilience, predictability and lower emissions.
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  7 May 2026

  Diamond Infrastructure Solutions issues RFQ for Freeport power and steam modernization

  RFQ seeks developers to replace two legacy cogeneration plants at Freeport with advanced baseload power and steam facilities (operational ~2032); proposals due June 25, 2026.
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  7 May 2026

  Fluor wins feasibility study for Anglo American’s Woodsmith mine in UK

  Selected for feasibility study; contract value recognized in Q2 2026. Mine to extract polyhalite via deep shafts and a 37 km conveyor to Teesside; target 13 Mt/yr; tunnelling underway