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Operational Changes and Investments news
(page 50)
20 December 2023
Neste to Transform Porvoo Refinery into Renewables Hub
The Porvoo refinery will shift to producing 3 million tons of renewable and circular products by the mid-2030s, requiring 2.5 BEUR in investments, driven by declining fossil fuel demand and climate goals.
14 December 2023
Alkermes to Sell Athlone Facility to Novo Nordisk
The $92.5M sale includes a subcontracting period until 2025. Alkermes aims for operational efficiency, while Novo Nordisk gains manufacturing capacity and 400 skilled employees.
13 December 2023
Arkema to Acquire Arc Building Products in Ireland
The acquisition will enhance Arkema's market position in Ireland, expanding its product range and local production. The deal is set to close in Q1 2024.
10 December 2023
Fire at Elkem Salten Plant
A fire broke out at a silicon plant in Norway. Four individuals were treated, and production halted. The fire is under control, and all personnel are accounted for.
6 December 2023
Clariant Closes Bioethanol Plant in Romania
The plant closure follows operational shortfalls and continued losses. Restructuring costs and provisions will impact 2023 and 2024 financials, with significant EBITDA and EBIT adjustments.
1 December 2023
ExxonMobil's Fawley Refinery Investment Enhances UK Energy Security
The new low-sulphur diesel facility at Fawley will boost production by 40%, reduce imports, support 400 construction jobs, and lay groundwork for lower-carbon fuels with a new hydrogen plant.
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29 November 2023
INEOS Aromatics to Mothball PTA Plant in Geel, Belgium
Rising costs make European PTA production uncompetitive. Affected employees will be consulted for redeployment. Customers remain unaffected as the larger, efficient PTA unit continues operations.
28 November 2023
Neste receives energy investment aid for green hydrogen project
The Finnish Ministry granted EUR 1.96M for a 120MW electrolyzer project at Porvoo refinery. The project aims to produce green hydrogen and recover heat for district heating. Decision expected in 2024.
18 November 2023
Porthos Launches First CO2 Storage Project in Rotterdam
Porthos will invest €1.3 billion in a CO2 transport and storage system in Rotterdam, operational by 2026. It will store 2.5 Mton CO2 annually for 15 years, aiding Dutch climate goals.
10 November 2023
ABB to Provide Electrical Engineering for Danish Green Hydrogen Facility
The 1 GW Esbjerg plant will produce 90,000 tons of hydrogen annually, aiding decarbonization. ABB's involvement supports EU renewable hydrogen goals and will create 60 jobs.
10 November 2023
Novo Nordisk to Invest €5.6 Billion in Expanding Danish Manufacturing Facilities
The €5.6 billion investment will expand API and packaging capacity, create 800 jobs, and enhance sustainability. Completion is expected between 2025-2029, with 3,000 external workers during construction.
10 November 2023
Sandoz Opens New Antibiotic Plant in Austria and Biosimilar Center in Germany
EUR 175M investment enhances penicillin production and biosimilar development, improving ecological footprint and securing European supply. Supported by Austrian and Bavarian governments.
31 October 2023
OMV and Interzero to Build Europe's Largest Chemical Recycling Sorting Facility
The facility in Germany will process 260,000 tonnes of mixed plastics annually, creating 120 jobs. It will supply feedstock for chemical recycling, with production starting in 2026.
26 October 2023
Mura Technology Launches First Commercial HydroPRS™ Recycling Plant in Teesside
The plant will process 'unrecyclable' plastics, creating jobs and reducing carbon emissions. Key industry figures attended the launch, highlighting collaboration and economic benefits.
26 October 2023
TotalEnergies Acquires Renewable Aggregator Quadra Energy
The acquisition strengthens TotalEnergies' power business in Germany, leveraging Quadra Energy's expertise, weather-forecasting platform, and local developer knowledge to enhance trading and marketing activities.
26 October 2023
Carbios Secures Permits for First PET Biorecycling Plant in France
Construction starts on the world's first PET biorecycling plant in Longlaville, France, with a 2025 commissioning target. The plant will process 50,000 tons of PET waste annually, creating 150 jobs.
16 October 2023
BASF Expands Ethylene Oxide Complex in Antwerp
The expansion adds 400,000 metric tons/year capacity, includes a second ethylene oxide plant, and creates 100+ jobs, supporting growth in Europe for detergent, automotive, and construction industries.
12 October 2023
BASF to Build New Fermentation Plant for Crop Protection in Germany
The new plant will produce biological fungicides, seed treatments, and Inscalis® insecticide. It will employ 30 people and use renewable raw materials via fermentation, operational by late 2025.
11 October 2023
Solvay to Cut Soda Ash Production in Torrelavega
Production at Torrelavega will drop by 300-600 kilotons annually from January 2024. The site will focus on regional customers and sustainability, while exports shift to Green River, WY.
10 October 2023
Tarragona Port Unveils €150M Sustainable Investment Plan
The plan focuses on decarbonization, logistics, and safety, with key projects like a Logistics Zone and Contradique de Poniente to boost efficiency and support industrial transformation.
5 October 2023
Evonik Expands Gas Separation Membrane Production in Austria
New production lines for SEPURAN® membranes will be built in 2024, creating 50 jobs. The expansion supports green energy goals and aims to boost revenue from sustainable products by 2030.
4 October 2023
Coca-Cola Romania Launches In-House rPET Manufacturing
Coca-Cola's new Ploiesti unit produces recycled PET for beverage packaging, supporting a circular economy and reducing carbon emissions. The investment aligns with Romania's Guarantee-Return System.
2 October 2023
Hystar to Build 4 GW Factory and Expand to North America
A new 4 GW electrolyser factory in Norway will be operational by 2025. North American expansion includes a headquarters in 2024 and a multi-GW factory by 2027.
27 September 2023
BASF Sells Neopolen® Business to Knauf
The sale includes production facilities, products, IP, contracts, and trademarks. Around 40 employees will be affected. Completion is expected by March 31, 2024, pending regulatory approval.
25 September 2023
WACKER expands specialty-silicone capacity at Zhangjiagang site
New production lines for specialty silicone fluids, emulsions and elastomer gels in Zhangjiagang; €150m investment and start-up planned for H2 2025.
20 September 2023
TotalEnergies to Build Plastic Recycling Unit in France
The new unit will produce 30,000 tons of recycled plastic annually by 2026, supporting high-performance packaging. It aligns with the goal of 1 million tons of circular polymers by 2030 and maintains 250 jobs.
12 September 2023
Repsol Expands Sines Chemicals Complex
The expansion includes new polyethylene and polypropylene plants, creating jobs and focusing on sustainability, decarbonization, and advanced technologies for a competitive, integrated, and flexible site.
5 September 2023
LyondellBasell to Close One of Two Polypropylene Units in Brindisi
Consultations with unions begin over potential redundancies. The closure aims to address strategic and financial challenges, focusing on higher value markets. Supply to customers will continue.
1 September 2023
Andrada Group to Build Battery Recycling Plant in Hungary
The plant will recycle 10,000 tons of EV batteries annually, create 200 jobs, and receive HUF 4.7 billion in government support. It will use advanced, environmentally safe technology.
23 August 2023
Northvolt secures $1.2 billion as first energy storage systems roll out
The $1.2B funding extends a previous $1.1B note, attracting major investors. Northvolt's new plant in Poland assembles battery systems, with customer deliveries expected later this year.
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