New Projects and Expansions news (page 15)

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  7 May 2026

  Moeve Q1 2026 Clean CCS EBITDA €506m, ramps Spain energy-transition capex

  Q1 net income €147m; capex €272m (69% to energy transition); operating cash flow €283m; FID for 300MW Andalusian green hydrogen; non-binding talks with Galp; net debt €2.56bn (1.6x).
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  7 May 2026

  EU awards €1.09bn to nine hydrogen projects via European Hydrogen Bank

  Selected projects across seven EEA countries will add ~1.1 GW electrolyser capacity, produce >1.3 Mt H2 over 10 years, avoid ~9 Mt CO2e; premiums €0.57–€3.49/kg; Spain/Germany add €1.7bn
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  7 May 2026

  Iberdrola sells 5 TWh in Italy via long-term PPAs

  Signed five agreements with major Italian chemical, manufacturing and food firms, backed by 90 MW new PV under Energy Release 2.0 to provide stable, competitive, decarbonised supply.
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  7 May 2026

  SPIE Joins Consortium to Build PanTera Actinium‑225 Production Facility in Mol

  Consortium to build facility boosting production of a cancer radioisotope; scope includes HVAC, sanitation and technical gases. Construction started; equipment integration planned late 2026.
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  7 May 2026

  Eni’s Geliga‑1 DST confirms ~200 MMSCFD gas and 10,000 bpd condensate offshore Indonesia

  Large Miocene gas/condensate discovery in Kutei Basin (~5 Tcf gas, 300mmbbl condensate); adjacent Gula adds ~2 Tcf. POD to fast‑track a third hub; studies assess adding Bontang LNG capacity
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  7 May 2026

  Vopak to acquire majority stake in Green Energy Storage to accelerate Dutch battery storage

  Agreement to buy a majority stake to accelerate large-scale battery storage in the Netherlands, backing a 200 MW/800 MWh Oosterhout project and expanding the project pipeline; subject to FID/approvals

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  7 May 2026

  TA’ZIZ Secures $2B Financing for UAE’s First World-Scale Methanol Plant

  Oversubscribed financing via 11-bank syndicate with conventional and Islamic facilities, priced to benchmarks. EPC awarded; construction under way for 2028, boosting domestic chemicals value chain.
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  7 May 2026

  MAIRE’s Nextchem awarded licensing and PDP for urea-to-DEF plant in Virginia

  Licensing & PDP won for a 700 STPD urea melt plant in Virginia, fully integrated to convert all urea to DEF; FID/NTP targeted H1 2027; reflects rising DEF demand from tighter emissions.
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  7 May 2026

  Statkraft Q1 results strong despite lower production

  Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
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  6 May 2026

  Moeve's Spain-first IPA plant wins Expoquimia 2026 Best in Class

  Best-in-class award for Spain’s first isopropyl alcohol plant; facility secures domestic IPA supply and can produce from renewable, ISCC Plus‑certified inputs.
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  6 May 2026

  PureCycle Technologies Q1 2026 Results

  Ironton turnaround finished early/under budget; record 8.4M lb production (~10M lb feedstock); 5th consecutive revenue growth; two P&G approvals; Q1 net loss $33.4M; liquidity $131M.
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  6 May 2026

  LanzaTech partners with DTU BRIGHT to build C1 biofoundry

  Multi-year deal to design and install a next-gen C1 biofoundry, accelerating gas fermentation R&D to convert CO, CO2 and methane into fuels, chemicals and materials.
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  6 May 2026

  OMV invests €65m in Schwechat Innovation Hub

  New Schwechat hub (8,120 m²) will house labs, pilot plants and a technical centre with 50 workstations and space for up to 15 test facilities. Construction 55% done; start-up H1 2027.
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  6 May 2026

  Borouge: First XLPE from Borouge 4 to support UAE energy sector

  New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
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  6 May 2026

  Eli Lilly commits $4.5B to Indiana manufacturing, opens first genetic‑medicine facility

  Buildout now totals $21B in Indiana since 2020; upgrades at Lebanon API to produce Foundayo, Zepbound/Mounjaro and retatrutide; project to scale API capacity and boost regional jobs and GDP.
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  6 May 2026

  Carbon Neutral Fuels' Project Starling completes FEL3A, advancing UK eSAF deployment

  FEL3A completed for UK eSAF project: integrated design and 3D model, Class 3 cost estimate. Targets 25,000 tpa by 2031 with ~95% lifecycle GHG reduction; DAC integrated.
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  6 May 2026

  TA’ZIZ and Alpha Dhabi to invest $10bn in UAE chemicals

  Study to develop up to 14 industrial chemicals, adding ~2.2 mtpa capacity in Al Ruwais to support import substitution, local supply‑chain resilience and MIITE industrial strategy.
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  6 May 2026

  Equinor Q1 2026 results

  Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
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  6 May 2026

  Aramco and solutions by stc to deploy next-generation Upstream supercomputer

  Next-gen supercomputer will boost Upstream compute—7× capacity—for seismic imaging and reservoir simulation, improving hydrocarbon discovery, recovery and field life; delivery 2027
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  6 May 2026

  CATL and HyperStrong sign 60GWh sodium‑ion energy‑storage supply pact

  Three-year sodium‑ion energy-storage deal to industrialize mass production: higher energy density, manufacturing fixes for consistent output, improved safety, and Li‑ion form‑factor compatibility
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  6 May 2026

  Heidelberg Materials Q1 2026: solid start

  Q1 revenue and RCO down; cost measures & Transformation Accelerator saved €405m; acquisitions in Australia and Turkey; new efficient kiln; dividend +9% and buyback continue; outlook confirmed.
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  6 May 2026

  EEW launches EEW Italia in Milan to expand waste-to-energy sales

  New Milan-based sales unit links Italian waste producers to EU energy-recovery plants, contracting and routing suitable waste to existing facilities to ease local capacity gaps and boost circularity.
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  6 May 2026

  SPIE Wind Connect to connect and test 66 kV inter‑array cables at Baltyk II & III

  Offshore phase starts Q2 2026. Two Polish farms total ~1,440 MW (720 MW each), ten strings of five turbines; end-turbine 400 mm², 1,000 mm² to OSS, powering >2M homes.
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  5 May 2026

  Iberdrola upgrades Valdecañas pumped storage, adding 355 MW and 210 GWh

  Valdecañas pumped-storage started pumping, linking Alcántara and Valdecañas reservoirs into a gigabattery with a hybrid battery, aiding renewables integration, grid stability and flood control
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  5 May 2026

  Heidelberg Materials commissions 1.25 Mt/yr Airvault kiln line to improve efficiency and reduce CO2

  1.25 Mt/yr dry kiln replaces old lines; enables ~90% alternative fuels, reduces electricity ~10% and CO2 ~30%; €350M upgrade includes calcined-clay use and CCUS (1 Mt/yr).
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  5 May 2026

  LANXESS Lewatit MDS TP 108 Removes >99.9% PFAS at Chemours

  Selective monodisperse ion-exchange resin removed >99.9% of fluorinated organics in wastewater, targeting short-chain PFAS via a 3-stage RO, carbon, resin cascade; spent resin incinerated.
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  5 May 2026

  INEOS Energy and Shell to explore Gulf of America

  Joint investment to pursue exploration and development near Appomattox platform—acquire 21% interest in tieback assets, targeting Fort Sumter, Sisco well and a further well by 2030.
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  5 May 2026

  INEOS and Shell to jointly explore Appomattox-area oil and gas in Gulf of America

  Acquire 21% interest in Appomattox-tieback assets; target Fort Sumter pre-FID, Sisco well, and another exploration well by 2030 to add production, control costs and share risk
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  5 May 2026

  TA’ZIZ signs $28.5bn offtake and feedstock agreements to expand UAE chemicals ecosystem

  Long-term offtake and feedstock deals worth $28.5bn secure global markets and local inputs for methanol, PVC, EDC/VCM, caustic soda, salt and gas, supporting 4.7 mtpa chemicals output by 2028
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  5 May 2026

  Statkraft and SUNCATCHER to market three German solar‑battery projects

  Agreement to market three hybrid solar+storage sites (34.5 MWp PV, 12 MW/24 MWh batteries) to be commissioned H2 2026; batteries solar‑charged; profit‑share model; runs to 2031.