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Operational Changes and Investments news
(page 11)
25 June 2026
Vitol and IRH finalize 20-year 1.0 mtpa LNG FOB supply agreement
1.0 mtpa of LNG to be supplied on FOB terms for 20 years; deal follows a prior announcement on 5 November 2025.
25 June 2026
Vitol and IRH sign 20-year, 1.0 mtpa LNG SPA
1.0 mtpa LNG to be delivered FOB over 20 years under a newly executed SPA, reinforcing long-term, diversified supply and global market presence.
25 June 2026
BASF Coatings names Executive Committee for standalone company effective July 1, 2026
New leadership team led by Jens Luehring will run the business as an independent company from July 1, 2026; senior appointments include Michael Pontzen and Ewout van Jarwaarde.
25 June 2026
Iberdrola and bp push green hydrogen project at Castellón refinery
€211m IPCEI Hy2USE reallocated to Castellón plus €15m NextGenerationEU support; plant to start production before year-end and aim to be Spain’s largest green hydrogen facility in 2026.
25 June 2026
Petrobras to restart UFN-III nitrogen fertilizer plant in Três Lagoas
Work restarts on UFN‑III with R$5bn+ investment and new PAC support; operations due in 2029; plant to produce urea and ammonia for Brazil's agribusiness.
25 June 2026
Nextchem (MAIRE) completes acquisition of Ballestra Group including Mazzoni and BUSS ChemTech
Adds full NPK fertilizer technologies, fluorine and oleochemistry capabilities; integrates ~460 staff, pilot plants and a €270m backlog; transaction paid at €148.2m.
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25 June 2026
OMV Petrom: all modules delivered for 20 MW Petrobrazi electrolyzer
Final module delivered for the 20 MW electrolyzer; it will produce ~3,000 t/yr green hydrogen for the SAF/HVO unit; total planned capacity is 55 MW across two projects.
25 June 2026
ONGC and bp sign technical services contract for Western Offshore Basin
Technical services contract appoints a TSP for the Western Offshore Basin to deploy technology and operating practices to curb decline and improve recovery.
25 June 2026
UPM and ANDRITZ form multi‑year tissue innovation partnership
Shared access to a pilot-scale PrimeLineTIAC in Graz enables manufacturers to trial a standard hardwood pulp, speed commercialization, and optimize dry‑crepe, textured and TAD processes.
25 June 2026
Bilfinger provides Owner’s Engineering for BS Energy CHP plants
Three-year framework to oversee upgrades, inspections and modernization of Braunschweig CHP plants to raise heat-generation efficiency and cut CO2 emissions.
25 June 2026
Asahi Kasei FO–MD system installed at Peptistar for API manufacturing trials
Novel forward osmosis–membrane distillation unit concentrates heat-sensitive APIs without heat or pressure, cutting freeze-drying batches and time; trialled at manufacturing scale up to 100 L for GMP evaluation.
24 June 2026
ORLEN advances Baltic Eagle Gas Hub with FSRU 2 capacity reservation
Reserved regasification slots at FSRU 2 add ~1.25 bcm/y from 2030–2039, raising LNG import capability above 16 bcm/y and boosting regional supply flexibility.
24 June 2026
Petrobras: press briefing on resuming works at UFN-III (Três Lagoas)
Online press conference to present schedule, investments, capacity, jobs and market impacts for Nitrogen Fertilizers Unit III; opening by President Magda on 24 June at 14:00 Brasília.
24 June 2026
Saipem sells Saudi shallow-water drilling unit to ADES for $285m
Deal covers five jack-up rigs; SAS posted 2025 revenues of SAR 636m (USD 170m). Buyer will bareboat-charter one rig back; closing targeted by Q3 2026 subject to approvals.
24 June 2026
TotalEnergies enters Bab Gas Cap concession in Abu Dhabi
Takes 10% stake in Bab Gas Cap with partners including ADNOC (operator), bp and CNPC; project targets 1.5 bcfd and connects to Ruwais LNG and condensate growth.
24 June 2026
Petrobras Búzios field reaches 1.1 million bpd
Supplies about one-third of Brazil's operated oil output; P-78/P-79 ramping up; 12 FPSOs planned with P-80/82/83 under construction.
24 June 2026
Air Liquide invests €70M in Kazakhstan to supply Silleno polyethylene plant
€70M project to build two large, high‑purity nitrogen units at NIPT SEZ to support Silleno’s world‑scale polyethylene plant; commissioning targeted end‑2028.
24 June 2026
Chemetall (BASF Coatings) awarded Airbus SQIP Accredited Supplier for 11th consecutive year
Received top SQIP status for the 11th straight year and a special prize for de‑risking initiatives; praised for quality, on‑time delivery and handling higher volumes.
23 June 2026
Port of Rotterdam Authority rejects demands to force fossil-fuel cuts
Says it supports a climate-neutral port by 2050 but cannot unilaterally ban fossil activities; warns local bans risk supply security, emissions leakage and harm to industry.
23 June 2026
Arkema commissions 15% PVDF capacity increase in North America
~$20M Calvert City expansion to back EV/ESS lithium‑ion batteries, data center cable demand and semiconductors; announced Feb 2025 and delivered on time and on budget.
23 June 2026
Dow invests ~$100 million to expand specialty silicones manufacturing and innovation
Targeted ~$100M projects through 2027 to boost LSR and engineered silicone capacity in US, China and Japan and add Cooling Science Labs for faster thermal-management scale-up.
23 June 2026
Evonik develops hydrolysis process to recycle polyurethane at Hanau
Pilot plant breaks down PU foam into recoverable chemical building blocks; state funding awarded to scale the process and cut fossil feedstock and CO₂ impact.
23 June 2026
Evonik builds Lülsdorf–Wesseling methanol pipeline to secure methionine feedstock
Shared regional storage and a new 4 km methanol pipeline improve feedstock security for methionine production while cutting Scope‑3 emissions and enabling future green methanol.
23 June 2026
Zhenhai Refining and Chemical: 400,000 t/yr acrylonitrile unit achieves one-year stable operation
World's largest single-set 400,000 t/yr acrylonitrile unit runs continuously; energy and material use below design and water-reuse plus incineration-control measures reduce consumption.
22 June 2026
Saipem wins $1bn offshore T&I contract from Azule Energy for Greater PAJ, Angola
40-month T&I package for an ultra-deepwater field: ~180 km rigid pipelines, 38 km flexible flowlines, 54 km umbilicals; fabrication at Ambriz yard; water depth up to 2,000 m.
22 June 2026
POSCO Air Solution completes high‑purity rare gas plant at Gwangyang
130,000 Nm³/year high‑purity xenon, krypton and neon; refines crude gas from POSCO oxygen plants to localize supply and meet about 52% of domestic semiconductor demand.
22 June 2026
POSCO completes Korea’s largest electric arc furnace at Gwangyang
KRW 600 billion plant adds 2.5 Mtpa low‑carbon capacity; scrap-based EAF cuts CO2 ~75% vs POSCO 2017–19 baseline; supports premium EAF steel and HyREX transition.
22 June 2026
CATL launches TENER Sodium — first field‑validated sodium‑ion BESS
First field‑validated sodium‑ion BESS reaches commercial maturity with modular 30+ MWh units; 1 GWh China shipments targeted by end‑2026 and international deliveries from June 2027.
22 June 2026
Symrise earns CDP A for supplier engagement and Scope 3 transparency
Top CDP 'A' for supplier engagement and Scope 3 transparency; launched CO2 data platform with CO2 AI; flagged propylene glycol as a low‑carbon feedstock; 2028 plan for sustainable raw‑material use.
22 June 2026
TechnipFMC awarded flexible-pipe contract for Azule Energy’s Greater PAJ
Supply of flexible flowlines and risers to link wells in ~2,000 m water to a new floating production unit; contract sized $75–250M and booked in Q2 2026.
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