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Operational Changes and Investments news
(page 6)
21 July 2026
SPIE modernizes electrical infrastructure at Uniper's Staudinger power plant
Modernization 2024–2028 replaces ≈52 km of LV distribution cables and all low/medium‑voltage cabling; 180 t of copper removed; plant to remain in service until 2031.
21 July 2026
Fluor awarded FEED for GPIC aromatics facility in Bahrain
FEED contract for a new aromatics unit at Sitra; target output about 1.2M t/yr paraxylene and 0.5M t/yr benzene using proven process technology.
21 July 2026
TotalEnergies: FID for Umm Shaif Gas Cap development
Final investment decision taken to develop the gas cap above Umm Shaif and Nasr offshore reservoirs, targeting >600 million cubic feet/day by 2030 and up to 1.5 billion in future.
21 July 2026
ADNOC $6.2bn FID for Umm Shaif Gas Cap
Final investment decision will unlock over 600 million scfd, include three EPC contracts and a 14‑well drilling program, and target production by 2030.
20 July 2026
Coogee to add chlorine drumming facility at Lytton
New Lytton drumming facility to diversify domestic chlorine supply and improve resilience for regional Australian markets.
20 July 2026
tk accelis outlines mid-term targets and spin-off plan at Capital Markets Day
Presents >4% sales CAGR and 4–5% adjusted EBITDA margin targets, details growth strategy and plans a minority-stake spin-off subject to thyssenkrupp shareholder vote on 7 Aug 2026.
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20 July 2026
Carbon Neutral Fuels' Project Starling enters pre‑planning at Workington
Project moves into formal pre‑planning; planned output raised to ~31,000 tpa SAF, 100–150 skilled jobs expected, building on prior £6m government backing.
20 July 2026
IFF to sell botanical extracts, vitamins & minerals and food enhancement activities to SuanNutra
Sale covers botanical extracts, vitamins & minerals, natural colors, antioxidants and certain Peru flavor activities; operations generated ~$170M in 2025 and employ ~600 across five plants; expected close by end‑2026.
20 July 2026
Cimpor reactivates Sines grinding plant for GGBFS production
Sines grinding plant restarted to produce ground granulated blast furnace slag (GGBFS); capacity >400,000 t/yr, 2,500 t ready for dispatch; near Port of Sines; supports decarbonisation and local jobs.
20 July 2026
MAIRE/Tecnimont awarded €1.3bn EPC for 2.1 Mt/yr urea complex in Argentina
Facility will be Latin America’s largest urea plant, with an on-site ammonia unit and two ultra-low energy urea trains; Nextchem supplies urea tech and primary reformer; 41-month schedule.
20 July 2026
OMV Petrom and ROMGAZ install Neptun Alpha offshore platform in the Black Sea
Offshore production platform installed; 160 km pipeline and 6 of 10 wells complete; production on track for 2027.
17 July 2026
European Commission Electrification Action Plan and ETS review
Sets a 46% electrification target by 2040, reforms the EU ETS to drive investment and stability, and mobilises funding and regulatory measures to lower electricity costs and speed grid rollout.
17 July 2026
Honeywell Technologies completes acquisition of Johnson Matthey Catalyst Technologies
£1.325bn cash deal expands catalyst portfolio across refining, petrochemicals and renewable fuels; integrates catalyst expertise with automation and digital offerings for end-to-end solutions.
17 July 2026
GSK updates CALM-1 and CALM-2 camlipixant phase III results
50 mg twice daily cut 24‑hour coughs in CALM‑1; CALM‑2 and the 25 mg dose failed primary/secondary endpoints, prompting halt of RCC development.
17 July 2026
Yara: Q2 EBITDA USD 906m and Gulf Coast ammonia acquisition
High margins pushed EBITDA to USD 906m; volatile nitrogen prices delayed off‑season demand, buying resumed in mid‑July; acquisition to lower ammonia costs and diversify energy exposure.
17 July 2026
Gasunie H1 2026: advancing hydrogen, CO₂, heat and LNG infrastructure
Opened a 32‑km Rotterdam hydrogen pipeline, progressed CO₂ and heat projects, boosted LNG capacity, and saw shifting gas flows with higher power‑sector demand.
17 July 2026
Uniper to invest €5 billion in European energy system transformation
Focus on flexible generation, hydrogen-ready plants, renewables and gas diversification; projects include ~1.7 GW of tendered plants, data‑centre site development and gas portfolio expansion.
16 July 2026
GS Caltex completes 2026 first-half turnaround at Yeosu Complex using digital and AI
Nine-unit, ~60-day maintenance used digital and AI tools to speed inspections, clean heater tubes, monitor safety and reinforce safety leadership across operations.
16 July 2026
Infinium supplies eNaphtha for On's CleanCloud EVA midsole
CO₂‑derived eNaphtha used as a drop‑in feedstock to produce EVA midsoles at commercial scale; shipments began in 2024, ISCC PLUS chain‑of‑custody, and more than one million pairs produced.
16 July 2026
MOL: USD 100 million interim insurance payment for Danube Refinery fire
Insurers admitted liability and will pay USD 100 million as an interim settlement; repairs aim to restore full refinery capacity by end-Q3 2026 after an October 2025 unit fire.
16 July 2026
SABIC and Rongsheng sign PDA for Jintang New Materials project in Zhoushan
Evaluating up to 50% stake in Zhoushan advanced-materials project; PDA sets framework toward a potential FID and joint development.
16 July 2026
EIB approves €17.4bn financing package including €800m for Cernavodă and Ukraine border upgrades
€17.4bn package backs energy projects, an €800m Cernavodă loan, securitisation expansion and upgraded Ukraine–EU crossings.
16 July 2026
Gasunie positions the Netherlands as Europe’s CO₂ hub
Five connected CCS projects (Porthos, Aramis, CO₂next, DRC, DSC) will capture, transport and store CO₂ under the North Sea and link industry across the Netherlands, Belgium and Germany.
16 July 2026
BASF inaugurates Düsseldorf emollients plant
Mid double-digit million-euro investment expands capacity for specialty emollients used in skin care and sun protection, serving European and global cosmetics markets.
16 July 2026
Evonik completes backward integration of MetAMINO® network with Mobile methyl mercaptan unit
On-site methyl mercaptan production is now in Antwerp, Singapore and Mobile, completing integration and trimming DL‑methionine’s carbon footprint by ~7% while cutting hazardous intermediate transport.
16 July 2026
Air Liquide invests >160M USD in Arizona for ultra‑pure gases for advanced chips
Arizona plant to supply ultra-high-purity gases for advanced-chip fab expansion using on-site low-carbon hydrogen production and CO2 capture.
15 July 2026
Johnson & Johnson Q2 2026 results and raises 2026 outlook
Quarterly sales topped $25.3B; adjusted net earnings and EPS rose, free cash flow improved, and full-year revenue guidance was raised above $100B for the first time.
15 July 2026
BASF raises 2026 EBITDA outlook after stronger Q2 results
Q2 sales rose 16% to €17.2bn; EBITDA before special items €2.4bn; net income lifted by a €3.9bn disposal gain; full-year EBITDA guidance raised to €6.9–7.7bn.
15 July 2026
Brenntag and Evonik REXIM: exclusive GMP amino acids distribution across most of Europe
Exclusive agreement transfers market development and distribution of GMP-grade REXIM amino acids across most of Europe to a regional distributor, effective July 1, 2026.
15 July 2026
Axens to build France’s first industrial-scale Jetanol™ SAF unit
50,000 t/y SAF plant using advanced bioethanol and Jetanol™ technology; production targeted for 2030 to boost French/European SAF supply and meet ReFuelEU targets.
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