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Operational Changes and Investments news
(page 10)
1 July 2026
Messer expands Southeast Asia footprint with acquisitions in Singapore and Malaysia
Completes purchases of WKS Group and Wipco, signs deal for Kobewel; adds filling stations, dissolved acetylene plants, welding distribution, cylinder depots and marine services.
1 July 2026
Siemens invests €300m in Germany to expand switchgear production
New Offenbach supplier site and expanded Frankfurt plants to boost switchgear capacity; construction starts July 2026, production from spring 2027, 700 jobs by 2030.
1 July 2026
Eni and Mercuria form equal global energy trading joint venture
Independent holding with international trading hubs to manage commercialization and trading across oil, biofuels, gas, LNG and related logistics and infrastructure rights.
1 July 2026
Sumitomo Corporation to transfer 70% of S.C. Cement to Sumitomo Osaka Cement
70% stake in trading and ready‑mix cement unit to be transferred Oct 1, 2026; move pairs manufacturer technology with nationwide distribution and keeps limited financial impact.
1 July 2026
Air Liquide to invest over $170M in Indiana to supply SK hynix U.S. HBM fab
Two on-site production units will deliver ultra‑pure N2, O2, Ar, H2 and other gases to SK hynix’s first U.S. advanced packaging fab, with commissioning planned end‑2028.
30 June 2026
Ecovyst completes acquisition of Calabrian SO2 and derivatives business
Adds sulfur dioxide and related derivatives capabilities; broadens end-use exposure into mining, water treatment, food processing and pharmaceuticals; company cites expected margins and synergies.
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30 June 2026
Shell to sell Na Kika 50% stake and Coulomb tieback to Talos and Ridgewood for $1.7bn
50% non-operated Na Kika interest and 100% Coulomb tieback sold for $1.7bn; effective 1 July 2025 and expected to close by end‑2026; buyers assume decommissioning obligations.
30 June 2026
EnviTec Biogas wins EEG tender for around 16 MW
Secures long-term remuneration for part of its plant portfolio; prepared 30+ bids; 82% of registered capacity awarded; plans investments to expand into heat and transport.
30 June 2026
EIB backs Lact'Union with €50m loan for 2026–2029 industrial upgrades
EIB provides €50m, guaranteed by InvestEU, for 2026–2029 upgrades to increase capacity, decarbonise production and shift into higher‑value liquid nutrition at two Hauts‑de‑France sites.
30 June 2026
EnviTec Biogas secures awards for ~16 MW in German EEG auction
Awards cover roughly 16 MW and 82% of auction-registered capacity, providing long-term remuneration certainty and scope to develop non‑EEG uses like heat and transport.
30 June 2026
Yara drops LCEC ammonia acquisition and reallocates capital
Cancels planned LCEC ammonia asset purchase; shifts capital to alternative U.S. ammonia projects and finalizes NEOM renewable ammonia distribution deal with Air Products.
30 June 2026
Enel Green Power RSA commissions 330 MW Impofu wind cluster with Sasol and Air Liquide PPAs
Three 110 MW wind projects in Eastern Cape reach operation; a 116 km 132 kV private powerline was built; energy wheeled to industrial off-takers under long-term PPAs.
30 June 2026
IHI-led seven-company low-carbon ammonia plan certified under Japan's price-gap scheme
Low-carbon ammonia from India will be supplied to Japan for power, chemical and industrial use; certification enables price-gap support under the Hydrogen Society Promotion Act.
30 June 2026
Neste to invest over EUR 400 million in Porvoo refinery turnaround
A nine-week shutdown Aug–Oct 2026 will cost over EUR 400m, involve about 7,500 workers and keep fuel deliveries running; local traffic, short-term flaring and noise expected.
30 June 2026
PETRONAS logs three successes in Suriname Block 52
Two discoveries and an appraisal lift Block 52 to eight successful wells and unlock over 1 billion boe; Sloanea FID targeted by end‑2026.
30 June 2026
OMV Petrom & CE Oltenia advance 550 MW solar build with first panel deliveries
First panel shipments landed; ~800,000 panels planned for four parks (≈550 MW). Installations start as equipment is trucked from Constanța, with parks due online in 2027.
30 June 2026
Covestro plans 660 kt MDI train in Shanghai and UAE feasibility study for second world-scale plant
660 kt/yr MDI train planned in Shanghai, UAE study for a similar world-scale train; both designed for operational net‑zero Scope 1 & 2 emissions and supported by XRG.
29 June 2026
XRG to acquire 32% upstream stake in Vaca Muerta for ARGENTINA LNG
Acquisition alongside YPF and Eni to supply an integrated 12 MTPA ARGENTINA LNG project; deal needs regulatory approvals and covers three Vaca Muerta blocks.
29 June 2026
Búzios field tops 1.2 million barrels/day
Record reached after P-78 and P-79 began ramping up; field operates eight production units and plans 12 FPSOs.
29 June 2026
Statkraft proposes new Mår hydropower plant
Licence filed to replace the ageing Mår plant with a larger underground facility that raises output and adds an option for pumped storage.
29 June 2026
ORLEN launches HVO100 pilot in Slovakia
Pilot sales of 100% renewable diesel begin in Bratislava; compatible with most diesel engines and produced from UCO, animal fats and food-industry residues.
29 June 2026
Eni and NOC start Sabratha Compression Project to boost Libya gas output
Offshore compression module online to sustain low-pressure gas production and add about 800 million m³/yr, supporting power generation and exports to Italy.
29 June 2026
Metsä Group and Qutwo advance next-generation AI for the forest industry
The partnership will deploy Qutwo OS to optimise wood procurement and tissue converting lines, aiming to raise wood value and lower variable costs between forest and mill.
29 June 2026
Mitsubishi Gas Chemical and Gold Hydrogen MOU for green methanol from natural hydrogen in South Australia
Feasibility study to use natural hydrogen from a South Australia project as core feedstock for green methanol, with a preliminary study planned in H2 2026.
29 June 2026
Vestigo Petroleum confirms fire at West Lutong Vent A offshore Sarawak
Fire at West Lutong Vent A offshore Sarawak was controlled; cause under investigation. No injuries or immediate threat to communities or environment.
26 June 2026
Sasol and Topsoe refocus SAF partnership; Zaffra JV to wind down
Zaffra JV will be wound down as partners shift to a technology-led licensing model under their Single Point Licensor framework, with six licences already signed.
26 June 2026
AIQBE posts record €827M investment in industrial infrastructure
827M€ for new plants; 23,303 jobs linked; €272M environmental/efficiency spend and €179M R&D; Andalusia aims to make Huelva a net-zero industrial valley.
26 June 2026
Evonik raises 2026 outlook after Q2 ahead of plan
Q2 adjusted EBITDA now seen at €600–650m; 2026 outlook raised to €2.0–2.2bn. Cash conversion target ~40% and expanded restructuring with job cuts through 2029.
26 June 2026
Croda opens Guangzhou hub for Beauty Actives and Iberchem fragrances
Co-locates actives and fragrance teams to accelerate regional innovation, formulation support, local botanical sourcing, perfumery capacity and supply resilience across Asia.
26 June 2026
EEW and enercity raise Hannover-Lahe waste-to-energy heat output to up to 85 MW
Optimisation boosts usable waste-to-energy heat from 50 MW to up to 85 MW without extra waste; retrofit completes Q2 2027 and enables flexible CHP or heat-only operation.
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