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New Projects and Expansions news
(page 22)
1 April 2026
Phelan Green selects Honeywell UOP FT Unicracking for Saldanha eSAF
Chosen tech will produce commercial-scale electro‑sustainable aviation fuel in Saldanha Bay; R47bn project to deliver >140,000 t eSAF to EU/UK, construction from Q4 2026, local job creation.
1 April 2026
Reju secures €135m NIKI funding for Chemelot textile regeneration hub
Scale industrial textile-to-textile process converting hard-to-recycle polyester waste into recycled intermediates with ≈50% lower emissions, integrated into efficient, traceable circular supply chains.
1 April 2026
MAIRE/Nextchem awarded early engineering and equipment contract for 60,000 t/y SAF plant in Indonesia
Plant will use palm oil mill effluent and certified used cooking oil, leveraging NX PTU and NX SAF BIO technologies to support the project's FID and Indonesia's domestic SAF development
1 April 2026
Sinopec Begins Construction of Petroleum Engineering Pilot Platform
S1 test well began drilling, starting pilot-platform construction. Platform will validate drilling/completion gear, downhole tools and materials, support full testing and speed tech transfer.
31 March 2026
Breakwall Capital, Vitol Close Valor Mining Credit Partners II
New mining credit fund focusing on structured, event-driven financing for mining and critical minerals. First deal: $520M loan to back a US iron-ore mine and pellet plant; project has $2.2B+ invested.
31 March 2026
Iberdrola adds 180 MWh BESS at Alcochete I and Algeruz II solar plants in Portugal
Total output 45 MW, 4‑hour duration; stores excess solar to aid renewables integration, supplies power to 10,000+ homes and supports wider storage strategy
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31 March 2026
Chevron in exclusivity talks with Microsoft and Engine No. 1 on power offtake
AI is increasing demand for always-on power. Parties entered exclusivity talks for a co-located, behind-the-meter power generation and offtake deal; no commercial terms or definitive agreement yet.
31 March 2026
Mesabi Metallics secures $520M Breakwall financing to advance U.S. DR iron-ore project
Northern Minnesota DR-grade iron ore mine and pellet plant on 16,000+ acres progressing toward commercial start; $2.5B project, 750+ construction workers onsite, backed by EXIM support.
31 March 2026
OMV and XRG form Borouge International
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
31 March 2026
BASF launches biomass‑balanced Ultrason® P 3010 BMB PPSU
New Ultrason P 3010 BMB is ISCC‑PLUS certified, 20% biomass‑balanced PPSU (mass‑balance), matches standard grade in properties and certifications, drop‑in replacement made with green electricity.
31 March 2026
Umicore opens Shanghai innovation center
New 3,600 sqm Shanghai innovation center, first corporate R&D outside Europe; focuses on fuel cells and recycling, expanding to catalysis for renewables, CO2 capture, H2, and local partnerships.
31 March 2026
Messer 2025 results: €4.5bn revenue, €1.4bn EBITDA, €747m investments
Stable 2025: margin held, net debt reduced, staff >12k. Investments in air-separation, on-site/CO2/cylinder plants, helium, decarbonization, R&D/digitalization. 2026 growth expected.
31 March 2026
Topsoe signs FEED deal with Hynfra for Jordan green ammonia
FEED underway for Jordan green ammonia: synthesis tech will convert green H2 to ammonia, avoiding >200,000 t CO2e/yr. FID expected 2027; plant to start 2030; exports planned.
31 March 2026
Sumisho Venture Partners launches ¥10 billion fund
Shifting to a fund structure to enable medium/long‑term, larger lead investments, deepen portfolio engagement and co‑creation, and pursue strategic and financial returns in digital, AI and deep tech
30 March 2026
Holcim acquires majority stake in Cementos Pacasmayo
Acquisition expands Peru footprint: target had 2025 sales $630M, 28% adj. EBITDA; 3 plants (~5Mtpa) and 28 ready-mix/precast sites. Deal ~7.1x EBITDA post $40M synergies; EPS accretive Y1, ROIC Y3.
30 March 2026
Golden Pass LNG (QatarEnergy/ExxonMobil) achieves first LNG production
First LNG produced from Train 1 of the 18 mtpa Sabine Pass project, enabling sustained liquefaction and paving way for first cargo and full exports beginning Q2 2026.
30 March 2026
Dow’s Carbon Footprint Ledger wins 2026 CIO 100 Award
Recognized for enabling verifiable PCF certificates, optimizing low‑GHG production pathways, and integrating supply‑chain, sustainability and finance data to scale trusted low‑carbon product offerings.
30 March 2026
LKAB raises mineral resources by 900 million tonnes to 7.2 billion tonnes
Exploration added volume and confidence; reserves ~0.9 Gt. Resources grew mainly at Malmberget; Per Geijer hosts 2.2 Mt REO in situ and phosphorus. EU strategic status granted.
30 March 2026
Velocys and SuMo commission Fischer–Tropsch unit at Wednesbury for UK waste-to-SAF
FT unit at Wednesbury is online and stable, validating integration of gasification and FT for waste-to-SAF and supporting ClearSkies demonstration toward modular, scalable SAF production.
30 March 2026
Iberdrola awards €3.5bn contracts for Eastern Green Link 4 HVDC subsea interconnector
Contracts awarded for a 640 km HVDC subsea link (2,000 MW) between Scotland and England, supplying 1.5M+ homes; construction starts 2028, commissioning 2033; part of wider UK grid investment.
30 March 2026
UPM opens Adhesive Materials terminal near New Delhi
New slitting and distribution terminal near New Delhi to boost service in Northern and Eastern India with tailored inventory and short lead times; complements Mumbai terminal; operations start Q3 2026.
30 March 2026
UBE obtains food-contact approval for UBECycle recycled PE/PA films
Accredited migration testing plus RecyClass‑certified recycling (following Paulowsky acquisition) confirm regulatory compliance and open use of mechanically recycled PE/PA in regulated packaging.
30 March 2026
Eneve acquires Nemon to enter Iberian market
Acquisition opens Iberian market, adds 30 specialists, supports 100+ suppliers, expands platform with software for billing, forecasting, market comms and trading; integration under way
29 March 2026
LOTTE Chemical to merge with HD Hyundai Chemical after Daesan spin-off, pivots to specialty materials
Targets >60% specialty by 2030; building a 500k t/yr compounding plant; creating hydrogen value chain—four fuel-cell plants (80MW) and 450‑bar H2 hub; expanding high-end copper foil and TMAH output.
27 March 2026
aicep Global Parques strengthens park competitiveness with digital connectivity
High-quality digital infrastructure - submarine-cable access, upgraded networks and metro proximity - boosts parks' competitiveness, attracting data centres, tech clusters and global value chains.
27 March 2026
Iberdrola/ScottishPower advances 960 MW East Anglia TWO offshore wind project
€4.5bn project progressing; offshore substation foundations in production; visited by UK Energy Secretary. Will power nearly 1 million homes and support skilled jobs.
27 March 2026
RWE approved for Nordseecluster B offshore wind farm
Planning approval granted for Nordseecluster B, adding 900 MW to reach 1.6 GW (660 MW A under construction). Full output ~6.5 TWh/yr; B due early 2029; 110 MW PPA with Amazon.
27 March 2026
Avangrid completes 250,000-panel Tower Solar installation in Oregon
120 MWac plant due online this year; panels built by SEG Solar in Houston. Will feed PGE grid and support a QTS data center; construction created 200+ local jobs and ~$20M economic benefit.
26 March 2026
Novo Nordisk gains US approval for Awiqli, first once‑weekly basal insulin for adults with type 2 diabetes
ONWARDS phase‑3 (~2,680 adults) showed HbA1c reductions vs daily basal insulin with similar safety. US launch planned H2 2026; also approved in EU and 13 other countries.
26 March 2026
Arkema builds recyclable speed board for Zephir record attempts
Eco-designed speed board uses recyclable liquid thermoplastic resin with recycled carbon fiber and matching foam, delivering thermoset-like performance, precision and full chemical recyclability.
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