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New Projects and Expansions news
(page 23)
26 March 2026
Petrobras discovers pre-salt oil in Campos Basin
3-BRSA-1397-RJS well at Marlim Sul, 113 km offshore, 1,178 m water depth; oil interval confirmed. Samples taken for lab analysis. Drilling completed safely to assess reservoir potential.
26 March 2026
BASF opens world-scale Verbund site in Zhanjiang, China
World-scale integrated chemical site with 2,000 staff; basic, intermediate and specialty chemicals; 100% renewable power; 1 Mt/yr ethylene cracker with e-drive compressors; up to 50% lower CO2; €8.7bn
26 March 2026
KazMunayGas 2025 Financial Results
Revenue +12.5% to 9,371 bln KZT; EBITDA +19.6% to 2,393 bln; net profit down to 1,072 bln; net debt cut to 375 bln; production +10%; FCF +2.8%
25 March 2026
Nouryon secures halal certification in China for personal care and cleaning ingredients
Chinese Boxing and Ningbo plants gained halal certification for fatty amines, quats and chelating agents, enabling wider access to halal personal-care and cleaning markets worldwide.
25 March 2026
Petrobras and Finep launch R$30m biorefining R&D call
R$30m R&D call for biorefining to develop low‑carbon biofuels from residual feedstocks via biotechnological routes; part of a Technological Ecosystems initiative (up to R$120m). Deadline 29/5
25 March 2026
SPIE to acquire SGS Industrial Services to expand industrial services in Germany
Adds ~800 staff; strengthens electrical & mechanical installation capabilities; €180M 2025 revenue, >10% margins; self‑financed; EPS accretive; closing by June 2026 subject to approvals
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25 March 2026
PureCycle secures €40M Innovation Fund grant for Antwerp PP recycling plant
Will build a 59,000 t/yr PureFive® polypropylene recycling plant in Port of Antwerp-Bruges (ASTRA PP), using P&G dissolution tech; targets 85% GHG reduction and EU regulatory compliance
25 March 2026
RIFT secures EU Innovation Fund grant for Alpha One
Grant deal formalises funding for Alpha One, enabling engineering, contracting and FID prep. At Evonik Antwerp: 120,000 t/yr iron fuel → 244 GWh/yr low‑carbon heat; ~682 kt CO₂ avoided in 10 yr.
25 March 2026
Air Liquide opens first Advanced Materials plant in Taiwan
New Taichung plant will make advanced deposition and etch materials (ALD) for next‑gen AI/HPC chips, localizing supply, boosting collaboration and high‑volume ramp; €1B+ invested in Taiwan since 2019.
25 March 2026
ScottishPower secures £600m National Wealth Fund loan for EGL4 subsea link
2GW, 530 km HVDC subsea link will transmit Scottish low-cost power to England (1.5M homes), cut constraint costs, boost energy security, and support UK clean-power grid upgrades
25 March 2026
Boehringer Ingelheim launches two late-stage medicines, 2025 sales up 7.3%
R&D spend rose to €6.4bn (22.9% of sales); reached 70M patients; Human Pharma and Animal Health grew—JARDIANCE and OFEV expanded; Animal Health up 6.5% with NEXGARD leading; pipeline >80 projects.
25 March 2026
Tecnimont (MAIRE) wins $50m rehabilitation study for Guaracara refinery in Trinidad & Tobago
Assessment and rehab study for 150kbpd Guaracara refinery: technical/integrity checks, energy/environment review, water/cooling engineering; CAPEX/OPEX estimates. Phases 1-2 by early 2027
24 March 2026
Brenntag opens Asia Pacific’s first VDA-certified AdBlue site
VDA-certified AdBlue plant in Samut Prakan, Thailand delivers ISO 22241-compliant production with closed handling and controlled filling, ensuring pure, traceable diesel exhaust fluid supply.
24 March 2026
EU Innovation Fund commits €2.7bn to 54 net‑zero projects
Grant agreements signed; projects cover 17 countries and 17 sectors, set to avoid ~210 Mt CO2 in first 10 years. Six reserve projects invited (up to €491M). IF25 call open until 23 Apr 2026
24 March 2026
WuXi Biologics posts record 2025 results
2025 revenue +16.7% to RMB21.8bn; gross margin +500bps to 46%; EBITDA +38%; net profit +45%; 209 new integrated projects; backlog US$23.7bn; bi-/multi-specifics >120% growth
24 March 2026
Equinor begins Raia pre‑salt gas drilling offshore Brazil
Six wells started 24 Mar with Valaris DS‑17 in ~2,900m water; recoverable >1bn boe; capacity 16m m3/day (~15% national demand); start‑up 2028; $9bn investment; FPSO ~6 kg CO2/boe.
24 March 2026
Vattenfall 2025 Report: Progress Toward Fossil‑Free Energy
Emissions down 56% since 2017 (on 1.5°C path). 2025: SEK30.4bn invested (85% taxonomy), 95 TWh fossil‑free output, wind, nuclear and hydro project approvals; SEK165bn planned 2026–30.
24 March 2026
Veolia acquires Enviropacific for AUD220m to expand PFAS treatment in Australia
Boosts PFAS and soil remediation capacity in Australia via acquisition, integrating tech, field operations and infrastructure to scale cleanup, drive revenue growth and synergies.
24 March 2026
MAIRE's Nextchem awarded two NX Replast™ feasibility studies for plastic upcycling in Southern Africa and Southeast Asia
Feasibility studies for two mechanical upcycling plants: ~25 KTPA in Southern Africa and 40 KTPA in Southeast Asia to convert polyolefin waste into high-quality compounded r-polymers
24 March 2026
Sinopec Reports 2025 Results in Hong Kong
2025 results: revenue RMB2.78T; profit RMB32.476B; EPS RMB0.268; dividend RMB0.20/share. Oil/gas output rose; refining, chemicals and fuel sales grew; tech/digital advances.
23 March 2026
Equinor adds 230 MW Esquina do Vento wind complex in Brazil
Acquired ready-to-build 51-turbine onshore wind complex; expands onshore renewables and storage platform, supports integrated wind/solar/trading strategy, targets ~1 TWh/year and double-digit returns.
23 March 2026
Roche opens Institute of Human Biology hub to accelerate drug discovery
IHB's new facility opens with space for 250 researchers to develop organoids, organ-on-chip and in silico human models to speed and de-risk drug discovery.
23 March 2026
WACKER expands silicone emulsion production in India
New Panagarh GMP-certified silicone emulsion plant boosts local capacity, adds 60 jobs, serves cosmetics/personal-care customers, lets Amtala shift toward R&D and innovation.
23 March 2026
TotalEnergies ends U.S. offshore wind projects, returns leases to DOI
Signed settlements to relinquish Carolina Long Bay and New York Bight offshore wind leases, recover fees and reinvest equal funds into U.S. gas/LNG and power, citing cost and affordability concerns.
23 March 2026
Veolia to exit coal at Karviná by 2029 with multi‑energy plant
Transforms local heating to RDF/biomass/gas cogeneration (53% RDF), serving ~50,000 households, cutting CO2 by ~200,000 t, improving air quality and energy autonomy.
23 March 2026
BASF converts Ludwigshafen acid chlorides and chloroformates to 100% renewable electricity credits
Average product carbon footprint cut ~19% in 2025; plant modernization raised capacity ~30%; customers get lower‑PCF supplies without recertification, aiding Scope 3 reductions.
23 March 2026
Sinopec expands POE capacity with China's first full‑chain domestic IP
100kt solution‑method POE unit began linkage trials; with a 50kt demo and another 100kt under construction, domestic POE capacity reaches 250kt/yr. Metallocene catalyst + low‑VOC devolatilization enable varied grades for PV/EVs.
23 March 2026
Sinopec Among China's Top EV Charging Operators
2025 charging platform exceeded 5 billion kWh (~200% YoY). It is rapidly expanding charging and battery-swap networks with Aodong, NIO and CATL to broaden oil‑gas‑hydrogen‑electric services.
23 March 2026
Siemens expands industrial AI OS, unveils new tech and Alibaba Cloud partnership
Introduces 26 edge, automation and control products, cloud-enabled CAE, DC circuit breakers, AI cooling for data centers, upgraded PLCs, servo systems and predictive maintenance apps.
20 March 2026
TotalEnergies and Holcim open Europe’s largest floating solar plant for self-consumption
31 MW floating solar on a rehabilitated Obourg quarry lake produces 30 GWh/yr for onsite industrial self-consumption; over 700 m of directional drilling links panels to the substation.
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