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Operational Changes and Investments news
(page 45)
22 May 2025
Essar Energy Transition Completes US$130mn Turnaround, Plans US$350mn Annual Improvements at Stanlow Refinery
Turnaround boosts throughput by 8%. New hydrogen-ready furnace installed. Business plan targets US$350mn in improvements. Debt reduction of US$600mn planned for decarbonisation investments.
22 May 2025
AkzoNobel to Close Sites in Netherlands and Belgium
The closures are part of a strategy to streamline operations, focus on larger sites, reduce costs, and boost growth. Employee consultations are ongoing.
21 May 2025
QatarEnergy — First North Field East LNG train due mid next year
Plans to boost LNG output to 160 mtpa, bring first NFE train online mid next year, start major ethane crackers in early 2027, and expand petrochemical capacity with CPChem.
21 May 2025
WACKER commissions specialty-silicone plants at Zhangjiagang, China
New complex raises local supply capacity for silicone fluids, emulsions and elastomer gels; production to ramp up over the coming months.
20 May 2025
QatarEnergy: Golden Pass to start LNG exports end‑2025; North Field East mid‑2026
Al‑Kaabi urged continued energy investment, said $70–80/bbl is needed to sustain output, flagged US LNG start‑up this year and North Field East coming mid‑2026.
15 May 2025
Rompetrol Rafinare Q1 2025 Operational Growth
Turnover rose 21% to $1.3B, despite a 30% EBITDA drop. Fuel sales grew, exports hit $407M, and state contributions increased to $372M. LDPE plant restarted, boosting petrochemical output.
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14 May 2025
WuXi Biologics Sells Leverkusen Plant to Terumo
The Leverkusen plant sale aligns with WuXi's strategy to focus on large-scale DP manufacturing in Singapore, enhancing global client solutions and optimizing asset returns. Completion expected in 2025.
13 May 2025
Borealis Advances Circular Economy in 2024
Borealis boosts circular production, expands product lines, and forms strategic partnerships to enhance recycling and sustainability across sectors in 2024.
12 May 2025
Dyno Nobel 1H25: transformation on track; fertilisers sales agreed
Agreed disposals of fertilisers assets could raise up to $835m; transformation delivered $25m benefit in 1H25; statutory NPAT $7m; share buyback to resume 13 May 2025.
12 May 2025
Bayer refocuses Crop Science R&D and production in Germany on strategic technologies
Production in Frankfurt ends by 2028; R&D moves to Monheim. Dormagen streamlines, focusing on innovation. Job impacts addressed with employee reps.
8 May 2025
DOMO Chemicals Boosts Mumbai Compounding Capacity
Expanding in India, DOMO enhances R&D and supply chain for faster delivery and innovation, focusing on sustainable, high-performance materials for e-mobility and electronics.
7 May 2025
VIDA bioenergy scales RNG and biogas across Europe
New VTTI subsidiary launched Jan 2025 to scale biomethane, liquid CO₂ and organic fertilisers; Wormslade due mid‑2026; projects in UK, Netherlands and Poland.
6 May 2025
Ecovyst completes Waggaman, Louisiana sulfuric acid asset acquisition
Acquired Waggaman sulfuric acid production assets from Cornerstone Chemical, boosting capacity, network flexibility and supply reliability for virgin sulfuric acid and regeneration services.
6 May 2025
SunGas: Beaver Lake green methanol project enters FEED
Project moves into FEED with engineering firms and technology licensors selected; >$2bn investment, >500,000 t/yr green methanol capacity and construction targeted for mid‑/second‑half 2026.
1 May 2025
Dreexo Energy to Build Circular Economy Plant in Cádiz
The plant will convert non-edible fats and oils into chemicals, creating jobs and minimizing waste, supporting sustainable industry in Andalucía.
30 April 2025
INEOS and Covestro Sign 8-Year LNG Supply Deal to Boost European Industry
The agreement ensures long-term energy security for European operations, supporting industrial resilience and addressing energy transition challenges.
29 April 2025
Tengizchevroil Secures Contracts with Kazakhstani Suppliers
TCO signed contracts worth $10.5M with local firms for equipment at the Kazakhstan Machine Builders Forum, boosting local content in oil and gas projects.
29 April 2025
BASF to Build Semiconductor-Grade Sulfuric Acid Plant in Germany
New plant to boost semiconductor-grade sulfuric acid production by 2027, enhancing supply chain reliability and supporting Europe's chip manufacturing growth.
22 April 2025
TotalEnergies Antwerp Platform Adapts to Energy Transition and Market Trends
Antwerp site invests in green hydrogen, SAF, and battery storage to boost decarbonization and efficiency, while ceasing an old steam cracker to address petrochemical overcapacity.
14 April 2025
DOMO Unveils Sustainable E-Mobility Solutions at Chinaplas 2025
Showcasing sustainable polyamide solutions, metal replacement, and recycling innovations for e-mobility and energy management in the Asian market.
11 April 2025
CARBIOS Reports 2024 Financial Results
Cash at €109M; Longlaville plant construction delayed, pending financing; progress on contracts; 2025 cost-cutting plan to reduce cash burn by 40%.
9 April 2025
Neste Begins SAF Production at Rotterdam Refinery
Production capacity increased to 1.5 million tons annually. Expansion in Rotterdam to double capacity by 2027, boosting global renewable fuels output to 6.8 million tons.
3 April 2025
EIB Grants Lantmännen EUR 50M for Swedish Pea Protein Plant
The investment boosts EU food security, reduces protein imports, and aligns with sustainability goals, creating 30 jobs and promoting plant-based protein production in Sweden.
31 March 2025
Kazakhstan Begins Construction on Major Polyethylene Plant in Atyrau
The plant will produce 1.25M tons of polyethylene annually by 2029, creating 8,000 construction jobs and 800 operational jobs, boosting Kazakhstan's economy and reducing import reliance.
28 March 2025
MOL Petrochemicals Develops Battery Storage Facility
MOL is building a 40 MWh battery storage in Tiszaújváros to balance Hungary's grid, supported by EU funding. Completion is expected by Q1 2026.
26 March 2025
TotalEnergies Launches Six Battery Storage Projects in Germany
Investing €160M, the projects add 221 MW storage, enhancing Germany's power resilience and supporting renewables, with completion set for early 2026.
25 March 2025
LANXESS Boosts 2024 Earnings
EBITDA up 19.9% to EUR 614M. Sales down 5.2%. Strong cash flow, debt reduced. Cost savings ahead of plan. Urethane Systems sale to UBE finalizes specialty chemicals shift.
24 March 2025
Versalis Opens Recycled Polymer Plant in Porto Marghera
The new plant produces up to 20,000 tonnes of recycled polystyrene annually, enhancing Versalis' product range and supporting sustainable packaging and construction solutions.
20 March 2025
Grangemouth's £3.5 Billion Transformation Plan Unveiled
Nine pathways to renewables are proposed, aiming to create 800 jobs. Private investment is crucial, with SAF as a key focus. Challenges include high costs and new supply chain needs.
20 March 2025
OQ Chemicals to Start Heptanoic Acid Production in Germany
Production begins June 2025, enhancing carboxylic acid portfolio and supply chain security. Heptanoic acid serves sectors like performance materials, energy, consumer products, and aviation.
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