Operational Changes and Investments news (page 3)

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  6 August 2026

  Worley wins engineering contract for USSM multi‑metallic processing hub

  Engineering, procurement and construction support for a cobalt refinery and black‑mass line to convert cobalt hydroxide and battery black mass into critical metals.
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  5 August 2026

  thyssenkrupp Rasselstein agrees 20-year PPA for 8 MW on-site PV with VSB (TotalEnergies)

  On-site PV to deliver ~8 GWh/year from mid-2027, supplied under a 20-year PPA to cut the plant’s carbon footprint and hedge part of its power needs.
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  5 August 2026

  Eli Lilly Q2 2026 results: revenue +48%, raises guidance; retatrutide package complete

  Revenue rose 48% to $23.0bn driven by Mounjaro and Zepbound; updated 2026 revenue guidance to $85–87bn; retatrutide Phase 3 package complete supporting a Q1 2027 BLA.
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  5 August 2026

  DuPont expands Corian® Design distribution with Hallmark and Parksite

  Expanded partnerships increase coverage across Mid-Atlantic and Midwest, improve regional service and support the 2026 Nature in Motion color launch.
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  5 August 2026

  ORLEN opens Marine Transshipment Terminal in Gdańsk

  New terminal enables direct tanker loading/unloading at the Gdańsk refinery; capacity up to ~1.8–2.0 Mt/yr, first-year ~0.5 Mt and ~100 vessels; cost nearly PLN 500 million.
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  4 August 2026

  POSCO DX becomes AI Native, advancing Physical AI and Agentic AI

  Rolling out Physical AI for heavy equipment and robotisation while launching Agentee to run AI-agent lifecycles; 200+ agents live and targeted 30% accounting productivity gain.

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  4 August 2026

  SABIC completes sale of Engineering Thermoplastics business in Americas and Europe to Mutares

  Sale of ETP assets for $450 million improves EBITDA margin ~130–140 bps and removes a loss-making unit from the portfolio.
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  4 August 2026

  Wacker Biotech and Eclipsebio partner on end-to-end RNA design and GMP production

  Combines AI-driven sequence design and sequencing analytics with GMP-compliant pDNA/IVT and LNP manufacturing to offer clinic-ready RNA supply chains.
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  4 August 2026

  Kemira acquires REPUR S.r.l., adds activated carbon reactivation capability

  Adds thermal reactivation capability for spent activated carbon; REPUR had ~€5M revenue and 21 employees; purchase price undisclosed.
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  4 August 2026

  Aramco Q2 and H1 2026 results

  Strong H1 profits and cash flow; Q2 free cash flow hit by $13.6bn working-capital build. Dividend declared and key upstream/gas projects on track for 2026–27 completion.
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  3 August 2026

  Mitsubishi Chemical installs 1,982.4 kW floating PV at Hiroshima plant

  1,982.4 kW floating PV on the plant's regulating reservoir started Aug 1, 2026; on-site PPA with KYORAKU; reduces ~1,000 t‑CO2/yr (≈2.2 GWh).
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  3 August 2026

  SOCAR acquires ITOCHU’s 3.65% stake in Azeri‑Chirag‑Gunashli, lifting its share to 35.3%

  Raises national operator's ACG stake to 35.3%; transaction met legal and contractual requirements; first free gas production from ACG fields begins this year.
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  3 August 2026

  SOCAR buys ITOCHU's 3.65% ACG stake, raising its share to 35.3%

  Share in ACG rises from 31.65% to 35.3% after purchase of a 3.65% participating interest; transaction executed under legal, contractual and SOCAR internal rules.
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  3 August 2026

  Essar marks 15 years of Stanlow ownership

  Stanlow refinery: £1bn modernisation, recent £100m turnaround (+8% throughput) and hydrogen-ready furnace; £4.3bn decarbonisation pipeline with >£1bn near FID and c.5,000 UK jobs supported.
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  3 August 2026

  Mitsubishi Gas Chemical and Veritas In Silico file patent for nucleic acid drug targeting lncRNA H19

  Patent application covers a nucleic acid therapeutic against lncRNA H19 developed with an AI-driven discovery platform; commercialization planned using dedicated CRDMO capacity.
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  3 August 2026

  Sinopec's Xinjiang Petroleum exports first No.0 diesel to Kyrgyzstan

  First batch of No.0 automotive diesel cleared customs at Torugart Port, opening an overland energy export channel from Xinjiang to Central Asia.
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  3 August 2026

  bp sells Gelsenkirchen refinery to Klesch Group

  Sale reduces underlying opex by about $1 billion, is free-cash-flow accretive based on historical performance, and transfers assets, liabilities and employees.
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  1 August 2026

  CATL and Pinglu Canal Group to build zero-carbon energy system for Pinglu Canal

  Pilot electric ships to use marine batteries with a 'battery bank' leasing service, plus wind/solar, storage, microgrids and an intelligent carbon-monitoring system along the canal.
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  31 July 2026

  POSCO Group signs MOU with Meteoric Resources to secure Brazilian rare earths

  MOU covers long-term supply, possible equity investment and definitive agreements to channel Brazilian rare earth intermediates into refining for permanent-magnet makers.
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  31 July 2026

  Sasol and partners commission 2 kW HySA PEM electrolyser in Sasolburg

  A 2 kW PEM electrolyser will be used for testing, skills development and system integration under variable renewable power, supporting localisation and PGM beneficiation.
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  31 July 2026

  KazMunayGas and CITIC Group deepen strategic partnership

  Joint venture KBM produced 1.018 MMt in H1; Coastal Zone drilling and reserves expanded; CASPI BITUM upgraded to 1.5 MMtpa refining and 750 Ktpa bitumen output.
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  31 July 2026

  KazMunayGas and Sinopec review joint projects

  2D (900 km) and 3D (300 km2) seismic work ahead of a 7,000 m ultra‑deep well; 1.25 MMtpa PE plant >34% complete; Aktobe output target 800 Kt by 2028; CCUS working group proposed.
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  31 July 2026

  LyondellBasell Q2 2026 earnings

  EBITDA $1.3bn ($2.1bn ex-items); net income $0.6bn ($1.4bn ex-items); completed European asset divestiture; $500m Cash Improvement Plan target by end‑2026.
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  31 July 2026

  Moeve H1 2026: €1.2bn Clean CCS EBITDA; 69% of H1 capex to energy transition in Spain

  Net income €458m, capex €605m and operating cash flow €762m; leverage fell to 1.2x; groundbreaking for 300 MW Andalusian Green Hydrogen Valley on Sept 17; Galp merger talks continue.
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  31 July 2026

  FUCHS JV ALHAMRANI FUCHS PETROLEUM Yanbu plant severely damaged by fire

  Fire on July 25 damaged production and filling units in Yanbu; operations suspended, no injuries. Customer supply to be maintained via alternative production and sourcing while reconstruction is planned.
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  31 July 2026

  bp launches sale process for its North Sea business

  Launching a process to market its North Sea business for potential sale, part of a portfolio review to focus capital on highest-value opportunities.
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  31 July 2026

  OMV Petrom Group H1 2026 results

  Clean CCS Operating Result 3 bn lei; net income 1.8 bn lei; CAPEX 3.7 bn lei; contribution to state budget 10.2 bn lei; Neptun Deep on track for first gas in 2027.
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  31 July 2026

  Umicore H1 2026 results

  Adj. EBITDA +33% to €577m and margin 30.2%; revenues €1.9bn; Free Operating Cash Flow €295m; guidance upgraded to slightly above €1bn adj. EBITDA for FY2026.
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  31 July 2026

  FUCHS posts 11% H1 sales growth to EUR 2,003m and raises EBIT outlook

  EBIT rises 24% to EUR 260m; free cash flow before acquisitions EUR 61m; full takeover of Turkish JV in April 2026; Middle East conflict tightens base‑oil supply.
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  31 July 2026

  OMV Q2 2026: Clean CCS operating result €1,706m

  Strong cash flow and low leverage; all segments profitable. Chemicals lifted by Borouge International closing and higher olefin/polyolefin prices.