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Operational Changes and Investments news
(page 41)
24 September 2025
BASF to exit hydrosulfites business, close Ludwigshafen plant
Phasing out Hydrosulfite F, HydroBlue 90/92, Hydrosulfite Evo, Adlite, Blankit; ~65 employees to be reassigned; hydrosulfites used in textile dyeing (reducing agent) and pulp/paper bleaching.
23 September 2025
INEOS Prices €800M Senior Secured Notes Due 2031
Proceeds will fund Project ONE in Antwerp and cover transaction costs. Completion of transactions is not guaranteed.
23 September 2025
Siemens and Machine Builders Form Data Alliance
The alliance aims to enhance industrial AI by sharing engineering and manufacturing data, boosting efficiency, innovation, and productivity in machine tool manufacturing.
23 September 2025
Eni's New Biorefinery Project in Sannazzaro
The Sannazzaro refinery will convert units to a biorefinery, producing HVO diesel and SAF-biojet by 2028, enhancing product diversification without affecting existing capacity.
23 September 2025
EIB Funds €25M for Tecnocap's Sustainable Initiatives
EIB supports energy efficiency and renewable projects in Italy and Czech Republic, enhancing competitiveness and fostering green transition in cohesion regions.
23 September 2025
Equinor Boosts LNG Production in Europe
Askeladd Vest field starts production, enhancing LNG output at Melkøya. It supports Hammerfest LNG's full capacity until 2028, contributing 2% to EU's gas needs.
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22 September 2025
KazMunayGas and Lummus Technology Launch Digital Center in Atyrau
The new center will focus on technology transfer, personnel training, and industrial safety, enhancing skills for modern petrochemical processes.
22 September 2025
ExxonMobil Expands Guyana Offshore Capacity with Seventh Project
ExxonMobil's Hammerhead project in Guyana will produce 150,000 barrels/day by 2029, boosting local jobs and investments. Total committed funds for seven projects exceed $60 billion.
22 September 2025
bp halts Rotterdam SAF project amid strategic shift
BP halts Rotterdam SAF project due to financial viability concerns, market challenges, and a strategic focus on oil and gas, impacting future biofuel projects in Europe.
22 September 2025
Ultra Gas & Energy Ltd Becomes India's Largest LNG Autofuel Retailer
UGEL expands LNG network with six stations, plans 100 outlets, supports EV charging, and partners with major suppliers to drive India's green mobility and reduce emissions.
18 September 2025
Solvay Enhances Competitiveness in Germany with Portfolio Shift and Investments
Solvay realigns its Bad Wimpfen site, ceasing some productions by 2026, investing in NocolokⓇ facilities, and reducing positions, aiming for innovation and efficiency.
18 September 2025
Aurubis Enhances Avellino Furnace to Increase Copper Rod Output
The €5M upgrade boosts production capacity by 20%, enhances energy efficiency, and reduces CO₂ emissions, supporting sustainable copper wire rod production.
18 September 2025
Statkraft Plans Alta Hydropower Upgrade
Statkraft seeks to boost Alta plant output by 20% with a third turbine, using floodwater, while preserving salmon habitats and engaging Sámi communities. Completion possible by 2030.
17 September 2025
MGC Halts Construction at Dutch Facility
Construction of the MXDA facility in the Netherlands is paused due to delays, cost increases, and market changes, prompting a review of the project's viability.
17 September 2025
LANXESS Cuts CO₂ Footprint at Botlek Site
Botlek site products now use low-emission electricity, reducing CO₂. LANXESS supports decarbonization and offers ISCC PLUS certified, CO₂-optimized solutions for various industries.
17 September 2025
BASF Unveils Keropur Additive Series for TOP TIER+ Standard
Keropur AP 225-20 meets TOP TIER+ and EPA standards, available before 2027. Enhances engine protection, fuel economy, and emissions. Deliveries start 2026.
17 September 2025
UPM Extends Shutdowns at Finnish Pulp Mills
UPM extends Kaukas mill shutdown to October 11, 2025, and plans a two-week shutdown at Pietarsaari in November to adapt to market conditions and high wood costs.
16 September 2025
INEOS Inovyn Mothballs Tavaux Chloromethane Facility
Due to weak demand and high costs, production shifts to Rosignano, Italy, to minimize customer impact.
16 September 2025
Grupa Azoty Secures Thermal Coal Supply from Polska Grupa Górnicza
Agreements signed for thermal coal supply from October 2025 to June 2028, valued at PLN 350 million net.
16 September 2025
Keynote by President von der Leyen at 'One Year After the Draghi Report' Conference
Von der Leyen highlights Europe's progress in innovation, AI, energy independence, and clean tech, emphasizing the need for continued investment and reducing dependencies.
15 September 2025
Solvay Expands Zhenjiang Plant for Electronic Grade Hydrogen Peroxide
The expansion doubles production capacity to meet rising semiconductor demand, ensuring high-purity hydrogen peroxide for critical chip manufacturing processes.
11 September 2025
Aurubis Secures €200M EIB Loan for Recycling and Copper Expansion
EIB funds will boost copper refining in Bulgaria and recycling in Hamburg, supporting EU's critical raw materials strategy and enhancing Europe's supply chain resilience.
11 September 2025
Stargate Hydrogen Uses BASF's Ultrason® for Lightweight Electrolyzer Frames
Ultrason® S enhances electrolyzer frames with chemical resistance, durability, and design flexibility, boosting green hydrogen production efficiency and reducing costs.
11 September 2025
EIB Group to Support Energy Efficiency for 350,000 European SMEs with €17.5 Billion Initiative
The initiative aims to double energy efficiency support for SMEs, mobilize €65 billion by 2027, and simplify access through a "one-stop-shop" and partnerships with private sectors.
10 September 2025
ANDRITZ to Build Sewage Sludge Incineration Plant for RBB in Germany
The plant will enhance sewage sludge treatment, recover phosphorus, and boost energy efficiency, serving over 70 municipalities in line with German regulations. Completion is set for November 2028.
10 September 2025
Novo Nordisk Restructures for Growth
Streamlining aims to cut 9,000 jobs, save DKK 8bn annually by 2026, and reinvest in diabetes and obesity growth, despite DKK 8bn restructuring costs impacting 2025 profit outlook.
9 September 2025
Toray and T2 Start Autonomous Truck Trial for Petrochemical Transport
Testing autonomous trucks on a 440-km route in Japan to address driver shortages and use carbon-neutral fuels, aiming for Level 4 operations by 2027.
9 September 2025
Symrise Opens Data & AI Hub in Barcelona
The new hub in Barcelona focuses on data-driven solutions, enhancing innovation, supply chain resilience, and customer responsiveness across key business areas.
9 September 2025
bp to Drill Five Wells in Mediterranean
bp signed an MoU to explore five wells in the Mediterranean, aiming to boost gas production in the West Nile Delta, with drilling set for 2026 and potential tie-backs post-evaluation.
8 September 2025
Fluor Secures Spot on DTRA Contract
Fluor is among six firms selected for a $3.5B CTRIC IV contract, offering services to reduce chemical, biological, radiological, and nuclear threats globally over 10 years.
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