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Operational Changes and Investments news
(page 14)
10 June 2026
Evonik launches Innovation Factory to accelerate market-ready innovations
New unit targets faster, market-driven development and resilience; aims up to €300m contribution by 2032 and shifts researchers into business lines.
10 June 2026
PETRONAS strengthens partnerships and state participation to sustain upstream value
Transfers operatorship and stakes in several Peninsular Malaysia and Sarawak PSCs to partners; Terengganu’s TI EP to take a non‑operated interest in PM6/12 to build state capability.
10 June 2026
PETRONAS and JERA sign 20‑year LNG supply deal extending partnership into 2040s
Up to ~2 MTPA of LNG supplied from 2028 for 20 years, delivered on new low‑emission 174,000‑cbm carriers via a more flexible supply arrangement.
9 June 2026
Moeve 2025 Environmental Statement for La Rábida and Palos
Annual report shows €33.8m+ invested in environmental upgrades, 100% renewable power in 2025, major waste recovery and water-use cuts, plus EU funding for green hydrogen project.
9 June 2026
Honeywell launches Experion Cognition for autonomous control rooms at Borouge Ruwais
AI-enabled control system makes predictive recommendations and automated decisions to reduce anomalies, increase production and compensate for operator skill gaps; commercial from Q3 2026.
9 June 2026
European Commission launches €1.5bn Battery Booster Facility
Mobilises up to €1.5bn from ETS revenues as interest‑free loans to scale EV battery cell production in the EEA; call opens Q3 2026.
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9 June 2026
bp simplifies to two business segments and appoints segment chiefs
From 1 July 2026 the group will operate two segments: Upstream and Downstream. Gordon Birrell EVP Upstream; Richard Harding interim EVP Downstream; renewables move to Technology.
8 June 2026
Gas Malaysia, Tokyo Gas and VTTI to develop 6 MTPA FSRU regasification terminal in Yan, Kedah
Offshore FSRU regasification terminal proposed off Pulau Bunting to add an LNG entry point in northern Peninsular Malaysia; capacity up to 6 MTPA and estimated cost RM2–3bn; project advancing toward FID.
8 June 2026
Honeywell reaffirms 2026 guidance and issues Honeywell Technologies outlook
Full-year sales $38.8–39.8B; adjusted EPS $10.35–10.65 and free cash flow $5.3–5.6B. Post-spin Honeywell Technologies sales $19.9–20.2B; adjusted EPS $3.95–4.15.
8 June 2026
Braskem brings IG4 and Petrobras into governance and names new executive team
Governance refreshed to accelerate financial reorganisation, improve operational efficiency and preserve liquidity; new CEO and turnaround-focused leadership appointed.
8 June 2026
Iberdrola (Neoenergia) to invest €4.5bn in Bahia power networks to 2030
Nearly €4.5bn (25bn reais) planned for Bahia to 2030 to expand, modernise and digitalise networks and connect new industries with 54 substations and extensive HV/MV lines.
8 June 2026
PETRONAS and Eni form Searah JV to boost regional energy security
50:50 JV combines 19 gas assets across Malaysia and Indonesia, targets 300k→500k boe/d and plans $20bn investment backed by a $6bn credit facility.
8 June 2026
ORLEN launches small‑scale LNG and bioLNG market demand survey
Survey collects customer forecasts on volumes, delivery points and fuel-use models to shape future small‑scale LNG/bioLNG infrastructure and commercial offers; open until end of June.
8 June 2026
BASF launches Oppanol® N PLUS binder for next‑generation EV batteries
High‑spec polyisobutene binder for solid‑state and advanced EV batteries; narrow specs reduce production variability; fresh stock and 20 kg packaging support OEMs.
8 June 2026
AGC Biologics to develop and manufacture KTP-001 (rhMMP-7) for Teikoku Pharma
Microbial process development and GMP clinical manufacturing of rhMMP‑7 for intradiscal injection; cell bank moved from Heidelberg to Chiba; intended as a lumbar disc herniation treatment.
5 June 2026
Röhm opens Bay City MMA plant as LiMA technology reaches full industrial scale
Proprietary LiMA process reaches full industrial scale; Bay City becomes North America’s first C2‑based MMA site with 250,000 tpa capacity and enhanced sustainability measures.
5 June 2026
Huntsman sells Italian automotive aftermarket unit to Trelleborg
Azeglio-based Gomet sold to Trelleborg for €42.5m; 2025 revenue ~€24m; proceeds to reduce outstanding borrowings.
5 June 2026
Clariant expands Daya Bay capacity and extends Exolit™ OP range for e-mobility
CHF 100 million Daya Bay expansion with second line operational in November; new halogen-free PBT Exolit OP grades for 800V+ e-mobility; ATO-free options and AP 422 A (melamine <0.1%).
5 June 2026
WuXi Biologics completes topping‑out of modular drug‑product facility at Singapore CRDMO Hub
Modular DP facility in Tuas topped out; 30,000 sqm, adds 120,000 L capacity and targets ~100 million PFS/vial units per year with operations slated for 2027.
5 June 2026
AGC wins Syngenta Supplier Award for Waste Reduction
Awarded for a process change that recycles a reaction by‑product, cutting waste to near zero, lowering CO₂ by over 1,000 tons/year and reducing production costs.
4 June 2026
Sasol invests €60 million to expand Brunsbüttel advanced alumina and specialty materials
€60m project to debottleneck alumina assets for spherical, high‑purity applications; approvals secured and start-up targeted around 2029.
4 June 2026
Toray to build TORELINA PPS resin plant in India
New Suri City line will add about 3,000 t/y of PPS compound capacity, start operations early 2027 with customer samples in April 2027, targeting automotive and electrical components.
4 June 2026
Hydrogen value chain forming in North Sea Canal Area
Import terminals, LOHC and electrolysers advance; pipeline and local distribution are planned, but policy, financing and coordination still limit rollout.
4 June 2026
Port of Antwerp-Bruges names Rob Smeets CEO
Six-year appointment following interim role; former COO with 20+ years at the port and prior leadership of towage and nautical operations.
4 June 2026
European Energy Exchange appointed EU ETS common auction platform from 2027
EU selects fourth common auction platform for its emissions trading system; auctions begin 2027 and ETS2 auctioning starts January 2027 while ETS2 operations start in 2028.
4 June 2026
MAIRE/Tecnimont wins USD 900m add-on for onshore oil & gas project
USD 900 million additional scope added to a prior onshore oil & gas contract to optimise existing facilities; further details pending completion of formalities.
3 June 2026
thyssenkrupp Steel restarts Hot Strip Mill 4 in Duisburg after 2025 furnace fire
Trial operation resumed after an October 24, 2025 deflagration; furnaces and roof repaired, technical upgrades applied, and the continuous casting line has been running since mid‑December.
3 June 2026
Toray and T2 commercialize autonomous petrochemical trucking
Commercial autonomous trucking begins on east–west expressways, moving ABS resin with Level 2 trucks using renewable diesel/B5; partners plan Level 4 long‑haul rollout from 2027.
3 June 2026
Air Liquide: nearly €200m investment to supply SK hynix's P&T7 in Cheongju
Long-term contract to build and operate a nitrogen unit supplying high-purity gases and compressed air to an HBM packaging and testing fab; operations due late 2027.
3 June 2026
BASF Intermediates Geismar Acetylene Unit wins ACC Energy Efficiency Award
Geismar unit cut energy use by deploying advanced process control (APC), earning the ACC's Responsible Care 2026 Energy Efficiency Award.
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