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Operational Changes and Investments news
1 June 2026
Dow and Univar Solutions to distribute Dow Decarbia low‑carbon products
Agreement expands access to verified low‑carbon products with PCF certificates across key markets via global distribution, helping customers cut Scope 3 emissions.
1 June 2026
Dow and Univar Solutions agree long-term distribution of Decarbia low‑carbon products
Long-term deal expands access to low‑carbon products with verified PCF certificates across beauty, home care, food, pharma and industrial markets; aids Scope 3 reductions.
1 June 2026
bp starts non-associated gas production at ACG
Commercial NAG started from West Chirag; well tests Qirmaki sands. Est. 4–6 Tcf recoverable; gas sent to Sangachal via existing infrastructure.
1 June 2026
Linde 2025 Sustainability Report
2025: 10% absolute GHG cut vs 2021; 50% electricity from low-carbon/renewables; customers avoided ~98M tCO2e; conserved 1B+ gallons water; diverted 200M lbs waste; supported ~2,100 orgs, 400k people.
1 June 2026
OCI agrees to sell 50% of OCI Nitrogen to AGROFERT
Divests 50% for ~€55m (subject to adjustments); buyer gains operational control. Put/call on remaining 50% exercisable from 2 years post-close at 7x two-year avg. pro-forma adj. EBITDA. Target H2 2027.
1 June 2026
EEW updates Green Financing Framework; ISS-Corporate issues Second Party Opinion
Publishes updated Green Financing Framework aligned with ICMA and LMA standards and the EU Taxonomy; covers energy, circular economy, carbon capture; independent SPO confirms quality
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1 June 2026
Vopak and Gasunie take conditional FID to extend EemsEnergyTerminal
Conditional FID approved for extension of EemsEnergyTerminal, advancing LNG infrastructure; final FID pending permits. Customer contracts secured for LNG supply 2028–2036.
1 June 2026
CATL opens world’s largest energy-storage testbed for real-world validation
10-ha, RMB3bn Xiamen facility offers open station-level validation across five labs: 35kV/100MVA grid sim, 1kV–500kV HV tests, 20MW combustion, -50–100°C climate chambers, EMC for 40-ft containers
29 May 2026
Petrobras to invest over R$70 billion in Sergipe
R$70B in Sergipe funds SEAP deep-water (P-81/P-87 FPSOs: 240k bpd, gas processing), 32 wells, 134 km pipeline; R$12.5B decommission 26 shallow platforms; fertilizer restarted (1.8k t/d)
29 May 2026
Rompetrol Rafinare Q1 2026: Turnover up 8%, net profit achieved
Q1: EBITDA $27.5M; March shutdown (700+ tasks) completed; Petromidia processed ~1.2Mt, white product yield 83.76%; domestic fuel share 66%; state contribution $577M
29 May 2026
EU Innovation Fund Net‑Zero Call: 358 applications, €17.5bn requested (6× budget)
Applicants across 27 countries submitted large/medium/small projects, pilots and cleantech manufacturing for energy‑intensive, carbon management, renewables and storage; results Oct 2026
29 May 2026
IFF to sell Food Ingredients business to CVC
Food Ingredients business sold for ~$4.3B (≈10x EBITDA); seller retains ~10% stake; net proceeds ~$3.8B for debt reduction, buybacks and reinvestment; close by end Q2 2027.
29 May 2026
AGC verifies AFLAS FFKM fluorine as 100% recycled under UL 2809
Mass-balance allocation applied to AFLAS FFKM; product offers strong chemical/heat/plasma resistance for semiconductor seals. Part of effort to recycle plant fluorine waste and advance circularity.
29 May 2026
Eni and Seri Industrial to develop LFP stationary battery supply chain
Agreement to build integrated LFP battery platform: cell/module plants, BESS assembly, recycling and cathode production. 2nd gigafactory >8 GWh by 2029; BESS line ready H1 2027. 30% stake for €55m.
28 May 2026
SkyNRG and KLM start construction of Netherlands' first dedicated SAF plant
Construction begins on DSL-01. First commercial-scale SAF plant to secure non‑recourse financing; aims for ~100,000 t/yr by 2028 via HEFA from low‑quality feedstocks, >100 jobs and €16M JTF support.
28 May 2026
PureCycle Achieves ISO 9001:2015 Certification
DQS-audited QMS at Ironton plant confirms repeatable, auditable production of near-virgin PureFive resin; adds to FDA NOLs, GreenCircle, APR, CosPaTox and REACH validations.
28 May 2026
BASF Coatings future-proofs automotive refinish with robotics expertise
Acts as integration partner for robotics-enabled paint in body shops, linking digital color, coatings know-how and validated processes to improve consistency, efficiency and scalability.
28 May 2026
TotalEnergies Files Authorization for 1.5 GW Centre Manche Energies Offshore Wind
Operator submitted Single Authorization for Normandy offshore wind farm; expects ~6 TWh/yr, >1M homes, €4.5bn investment, 2,500 construction jobs, ongoing stakeholder consultations
28 May 2026
ORLEN Group Q1 2026: solid results and lowest fuel prices in the EU
Q1 results: LIFO EBITDA PLN14.1bn, revenue PLN75.8bn, net profit PLN8.1bn; operating cash flow PLN8.5bn; record PLN9.3bn dividend; PLN5.4bn capex on energy security and low-carbon projects
28 May 2026
Johnson Matthey preliminary results year ended 31 March 2026
Strategy driving cash: free cash flow £168m (+163%); pro forma underlying operating profit +6% at constant PGM/FX. Catalyst sale £1,325m on track; Cormetech buy agreed; new PGM refinery 2027.
28 May 2026
EIB loans €300M to Limagrain to boost seed R&D
€300M InvestEU-backed loan under TechEU to fund seed genetic R&D: improve yields, disease/drought resistance, nutrient use, nutritional and environmental traits to bolster EU agricultural sovereignty.
28 May 2026
UPM and Sappi sign definitive agreement on graphic paper JV
Definitive deal to form 50/50 graphic paper JV combining two European businesses; €600m debt + €100m RCF secured; combined EV €1,420m; ~€100m annual synergies; regulatory approvals pending
28 May 2026
Lhyfe & STRABAG partner on green hydrogen in Germany
Co-development deal to accelerate green hydrogen projects in Germany amid RED III-driven RFNBO demand, combining electrolysis production, construction, financing and transport; possible EU expansion.
27 May 2026
Toray and PTT Global Chemical establish 100% bio-based nylon 66 production
Cassava pulp was converted to bio-muconic, then bio-adipic acid and 100% bio-based nylon 66. Pilot saccharification, fermentation, refinement and lab polymerization.
27 May 2026
Iberdrola opens Spain’s largest battery (58 MW / 120 MWh) at Campo Arañuelo
Two LFP battery systems paired with adjacent solar plants store renewable energy for peak demand, enhancing grid stability and supporting electrification and renewables integration.
27 May 2026
MOL begins Olefin-1 plant restoration
Investigation done; risks cleared and approvals granted. Hydrocarbon removal continues. Cleaning, inspections and repairs start; restart may take months. Injured staff improving; fuel supply unaffected.
27 May 2026
WuXi Biologics secures GMP release for 18th drug product facility
DP15 at Fengxian is operational, completed GMP batches to supply clinical programs. Features isolator aseptic filling for liquid and lyophilized vials (2R-20R), enabling faster tech transfer.
27 May 2026
Petrobras to invest R$2.8bn in Amazonas for Urucu gas expansion and Transpetro fleet
R$2.8bn to expand Urucu gas (R$2.5bn for new wells, ~40 km lines) and add 18 barges + 18 pushers to insource bunker logistics, create jobs and boost regional energy supply
27 May 2026
BASF Coatings wins Sustainability Award for overspray‑free two‑tone paint process
Overspray‑free wet‑on‑wet two‑tone (OFLA) uses digital paint jets for 100% transfer efficiency, cutting energy ~25% (~1.7 GWh/yr), ~300 t CO2/yr, and reducing masking waste and paint use.
27 May 2026
ORLEN opens 300,000‑tonne HVO plant using domestic feedstocks
HVO plant cuts transport GHGs ≥65%, raises national biofuel capacity to ~700kt (target 1.1Mt by 2030), reduces imports, strengthens domestic feedstock supply and farming partnerships.
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