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Operational Changes and Investments news
17 June 2026
Repsol signs MoU to assess Horcón area in Venezuela
MoU with Venezuelan government and PDVSA to evaluate Horcón area, study offshore gas prospects, and address payments and crude cargo scheduling.
17 June 2026
INEOS Phenol delays Doel (Antwerp) plant restart beyond 2027
Planned late‑2027 restart of the Doel phenol plant postponed due to weak demand, high energy and carbon costs; Gladbeck will continue operating and Doel kept ready.
17 June 2026
WACKER opens Karlovy Vary specialty silicones site
First production line started after two years; facility will supply customized silicones for electromobility, healthcare, appliances and energy markets.
17 June 2026
Stora Enso increases Skutskär fluff pulp capacity and to close softwood line L3
EUR 19m upgrade to lift fluff pulp output ~10%, taking Skutskär to 440,000 t/yr; softwood fiberline L3 to stop in Q3 2026 (subject to orders).
17 June 2026
SOCAR and ICD sign MoU to explore PPP financing
Joint MoU to explore financing for public–private partnership projects in Azerbaijan and other member countries, with ICD providing tailored Sharia-compliant solutions for project companies.
17 June 2026
Bilfinger awarded Phase 2 turnkey expansion at Gübretaş Söğüt Gold Mine
Turnkey installation, EI&C and commissioning of a new processing plant for the Söğüt Gold Mine; 24-month contract starting June 2026 with up to 650 workers onsite.
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16 June 2026
Eni and Hera launch Ravenna Environmental Hub
26-hectare Ca’ Ponticelle site repurposed for circular-economy hub with waste pretreatment, soil biorecovery, 6 MWp PV and experimental vanadium flow battery.
16 June 2026
Equinor Capital Markets Day 2026 — plan to grow energy, cash flow and returns
Doubles 2026 buy-back to USD 3bn and sets USD 2–4bn annual buy-back guidance from 2027; growth targets across production, power and trading with strong cash-flow guidance.
16 June 2026
Siemens, Databricks and FFT integrate Industrial Edge with Databricks Platform
Edge-to-cloud link streams contextualized shopfloor and plant data directly to the cloud for scalable AI models, removing the need for complex IoT middleware.
16 June 2026
MOL and Serbian government sign shareholders' agreement on NIS governance
Defines governance and decision-making for NIS, secures Pancevo refinery operation and market supply with a 10‑year capacity commitment, but closing awaits seller agreement and OFAC approval.
16 June 2026
Essar Energy Transition Fuels and IRH agree USD 500 million crude and product facility
USD 500 million facility to secure crude sourcing, diversify feedstock and optimise working capital for Stanlow refinery’s refining and trading activities.
16 June 2026
MAIRE/NEXTCHEM buys 70% of ETEK (owner of SISEMTEK) to add metals recovery capabilities
Majority buy adds pyrometallurgical, hydrometallurgical and electrowinning tech to recover precious and critical metals from e‑waste, batteries, PV panels and mining tailings.
16 June 2026
Olin and Huntsman to merge as OlinHuntsman
All-stock merger creates an integrated North American chemicals platform with vertical chlorine/caustic integration, ~$12.5B pro forma revenue and $400M+ identified synergies.
16 June 2026
thyssenkrupp Uhde completes İGSAŞ ammonia converter cartridge and catalyst replacement
Restored 1,200 mtpd capacity with 13% production gain while running at 7% lower synthesis pressure and 70% lower converter pressure drop, cutting specific energy use.
16 June 2026
Kemira acquires Clear Water Technologies business in California
Adds California boiler and cooling‑tower service business with 2025 revenue just over USD 3M and 12 employees; to be integrated into Water Solutions to expand industrial water treatment services in North America.
16 June 2026
Sinopec selected for 2026 low‑carbon case
Chosen among 28 'Finding Zero‑Carbon Factories' cases for 2026; honoured for 16 consecutive years and highlighted for projects, capacity and efficiency measures.
15 June 2026
Nobian commissions fully electrified MVR salt plant in Mariager
Fully electrified MVR salt plant starts operation in Mariager, boosting capacity ~60% to up to 1 million tons/yr while cutting energy use and CO₂ emissions.
15 June 2026
Eastman acquires Jarylec dielectric brand from Arkema
Acquisition covers trademarks, customer list, technical documentation and IP for dielectric fluids used in high‑voltage transformers; production stays in Marl, Germany.
15 June 2026
Stahl acquires Weilburger Graphics packaging coatings business in Brazil
Acquisition adds Weilburger Graphics' Brazil packaging coatings portfolio; production to be insourced in 2026 and local manufacturing capacity expanded; closing pending approvals.
15 June 2026
Statkraft to build Blåfjell Pump into Blåsjø reservoir
Pump will lift water ~60 m into Norway’s largest hydropower reservoir, adding 54 GWh to Ulla‑Førre output; four local contracts awarded totalling NOK 250m.
15 June 2026
OMV Petrom advances Gabare solar-plus-storage into development
Final investment decision for Gabare: ~415 MWp PV with ~600 MWh BESS, EUR 300m investment, first production targeted for 2028.
15 June 2026
Mitsui Chemicals — Developing Dental Materials M&A as a Third Growth Pillar
Acquire Ultradent to build a US dental materials platform, lift L&HC to ¥86bn by FY30 (ROS 17%), and capture whitening growth amid broader specialty-chemicals repositioning.
12 June 2026
Mitsui Chemicals to acquire Ultradent via U.S. holding company
Acquiring Utah-based dental-products maker for $900M; will combine Ultradent with Kulzer, move oral-care HQ to the U.S., and target closing in Sept 2026.
12 June 2026
Sinopec and Inner Mongolia sign comprehensive strategic cooperation agreement
Regional government and state energy group agree to deepen project-level cooperation, align development plans and expand projects including hydrogen, carbon fiber and coal-chemicals.
11 June 2026
Repsol and Masdar partner on €849m, 705 MW Spanish renewables portfolio
Masdar to buy 49.99% stake in a €849m portfolio with 705 MW operational capacity and >565 MW hybridization pipeline; deal expected to close late 2026 pending approvals.
11 June 2026
Exolum starts operations at Madeira Airport, to invest €4.5m+ in fuel facilities
Will expand storage to 1,300 m³, upgrade hydrant network and invest over €4.5m by 2029 under a 7‑year contract (option to 9).
11 June 2026
European Commission secures stronger MSR safeguards for ETS2 (buildings & road transport)
Strengthened MSR for ETS2 doubles allowance injections, extends reserve validity past 2030, enables earlier gradual releases, and starts early auctions in 2027 with a €3bn frontloading facility.
11 June 2026
Aurubis Hamburg opens high-capacity RDE exhaust and filter system
Expanded RDE system doubles diffuse-emission reduction to ~80%, treats >1.6M m3/hr, returns captured metals to production; part of a €115m programme with KfW backing.
11 June 2026
Air Liquide and ArianeGroup renew industrial partnership with two Ariane 6 contracts
Contracts cover cryogenic manufacturing equipment through flight 42 and a three‑year supply of propellants and ground gases for Ariane 6 operations.
10 June 2026
Worley completes FEED for Alfanar Lighthouse Green Fuels SAF plant
Engineering milestone clears path to FID end‑2027 and commercial operations in 2032; plant to produce 180 ML SAF and 30 ML renewable naphtha annually.
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