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Operational Changes and Investments news
(page 12)
22 June 2026
LBC Tank Terminals expands Rotterdam terminal with Rainbow 5 Phase A, adding 41,000 m³
Adds ~41,000 m³ to reach ~295,000 m³; 14 new tanks, second truck loading station and jetty connections; commissioning targeted end‑2028.
22 June 2026
OMV Petrom commissions aromatics unit at Petrobrazi
EUR 140m aromatics unit adds 150,000 t/y capacity for toluene and benzene; toluene output rises to ~100,000 t/y while replacing a 1961 unit with BAT.
22 June 2026
ArcelorMittal and AWS to industrialise AI and supply low‑carbon steel
Cloud, AI and edge tech will be deployed at plant floors for predictive maintenance, quality control, process optimisation and digital twins; plus a multi‑year lower‑carbon structural steel supply for Europe and the UK.
19 June 2026
LOTTE Chemical Group: Hantok Chemicals breaks ground on Pyeongtaek TMAH plant
KRW 130 billion investment for a new TMAH plant on a 32,216 m² Poseung site to create a second production base and improve supply stability and logistics for semiconductor developers.
19 June 2026
Baerlocher establishes Baerlocher Germany GmbH & Co. KG
Operational activities move into a standalone German entity to separate holding functions and focus on European PVC stabilisers and specialty additives.
19 June 2026
Equinor-led TWIN subsea tieback to boost Troll gas exports
Subsea tieback will add about 11 billion Sm3 of gas, cost just over NOK 4 billion and target production start as early as 2028.
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19 June 2026
Petrobras approves FID for RPBC bioQAV and renewable diesel plant
FID approved for RPBC biorefinery to produce aviation bio-kerosene and renewable diesel; ~US$1.2bn investment, 15,000 bpd capacity, operations due 2030.
19 June 2026
SPIE Energy Poland leads 400 kV Choczewo substation to connect offshore wind
Choczewo substation now feeds Baltic Power and will route offshore wind into Poland’s 400 kV grid; full project completion is scheduled for 2027.
19 June 2026
Evonik sells Hanau pharmaceutical-ingredient assets to ProChem
Selected Hanau production assets transfer to a CDMO; Hanau GMP lipid unit retained to supply clinical and small commercial needs; deal expected to close 19 June 2026.
18 June 2026
Indaver opens Rivenhall IWMF, its largest Energy‑from‑Waste plant
Facility now processing waste and exporting power; capacity 595,000 t/yr and electricity for ~125,700 homes; €680m investment and plans for 40 ha low‑carbon greenhouses.
18 June 2026
Jordan Green Ammonia secures 1,000‑ha Aqaba lease for 120,000 t/yr green ammonia project
A 1,000‑hectare site in Aqaba leased for a green ammonia plant producing 120,000 t/yr using 550 MWp solar plus storage; financial close targeted September 2027.
18 June 2026
Equinor agrees concept for Ringvei Vest subsea tie‑back to Troll B
Subsea development tying seven discoveries and one prospect to Troll B; estimated 240 million boe. Plan includes 13 wells, seabed tie‑in and DG2 decision planned end of year.
18 June 2026
Braskem launches Blooming Future LR1 chemical/product tanker
Next‑gen LR1 tanker begins service to carry naphtha with biofuel‑ready engines and energy‑efficient systems, targeting ~30% lower CO2 (~6,500 t/year).
18 June 2026
Evonik expands Tailor Made efficiency program; 3,200 jobs to go
Companywide restructuring through 2029 including 3,200 job cuts and discontinuation of the polyester business in 2027.
18 June 2026
Statkraft and Alcoa agree 4.8 TWh supply to secure Lista aluminium plant
About 4.8 TWh of power for 2028–2031 to underpin Lista production after Line 2 restart, supporting the plant’s 95,000 tpa nameplate capacity and further development.
18 June 2026
UPM to curtail production at Kaukas and Pietarsaari pulp mills
Kaukas will be shut from 3 Aug 2026 for ~six weeks; Pietarsaari may face a temporary shutdown in October to optimise production and wood sourcing.
18 June 2026
ORLEN takes 20% stake in Goliat and four Norwegian licences
Acquisition adds ~58 million boe (including ~3 BCM gas) and aims to lift output from ~4,000 to ~12,000 boe/d through development of Goliat and Goliat Ridge.
18 June 2026
Kemira and IFF move Alpha Bio manufacturing to Hanko
Alpha Bio JV shifts its planned commercial-scale biobased materials plant to Hanko; EUR 130m investment, 50/50 ownership, commercial production now targeted for 2029.
17 June 2026
ArcelorMittal, thyssenkrupp Steel and voestalpine urge ETS reform to protect EU steelmaking
They want a temporary pause in ETS cost increases, funding and support for first movers, and measures to address import/export competitiveness to preserve European steel value chains.
17 June 2026
PCC SE consolidates MCAA business into PCC Rokita SA
Share-swap would issue 4,251,619 new shares using a six‑month VWAP example (68.05 PLN), implying about €68m valuation; aims to centralise MCAA production and capture synergies.
17 June 2026
INEOS Styrolution to close Channahon, Illinois polystyrene plant
Closure driven by market oversupply and margin pressures; decommissioning through Q4 2026; about 100 employees affected; production consolidated to Decatur (AL) and Altamira (MX).
17 June 2026
Repsol signs MoU to assess Horcón area in Venezuela
MoU with Venezuelan government and PDVSA to evaluate Horcón area, study offshore gas prospects, and address payments and crude cargo scheduling.
17 June 2026
INEOS Phenol delays Doel (Antwerp) plant restart beyond 2027
Planned late‑2027 restart of the Doel phenol plant postponed due to weak demand, high energy and carbon costs; Gladbeck will continue operating and Doel kept ready.
17 June 2026
WACKER opens Karlovy Vary specialty silicones site
First production line started after two years; facility will supply customized silicones for electromobility, healthcare, appliances and energy markets.
17 June 2026
Stora Enso increases Skutskär fluff pulp capacity and to close softwood line L3
EUR 19m upgrade to lift fluff pulp output ~10%, taking Skutskär to 440,000 t/yr; softwood fiberline L3 to stop in Q3 2026 (subject to orders).
17 June 2026
SOCAR and ICD sign MoU to explore PPP financing
Joint MoU to explore financing for public–private partnership projects in Azerbaijan and other member countries, with ICD providing tailored Sharia-compliant solutions for project companies.
17 June 2026
Bilfinger awarded Phase 2 turnkey expansion at Gübretaş Söğüt Gold Mine
Turnkey installation, EI&C and commissioning of a new processing plant for the Söğüt Gold Mine; 24-month contract starting June 2026 with up to 650 workers onsite.
16 June 2026
Eni and Hera launch Ravenna Environmental Hub
26-hectare Ca’ Ponticelle site repurposed for circular-economy hub with waste pretreatment, soil biorecovery, 6 MWp PV and experimental vanadium flow battery.
16 June 2026
Equinor Capital Markets Day 2026 — plan to grow energy, cash flow and returns
Doubles 2026 buy-back to USD 3bn and sets USD 2–4bn annual buy-back guidance from 2027; growth targets across production, power and trading with strong cash-flow guidance.
16 June 2026
Siemens, Databricks and FFT integrate Industrial Edge with Databricks Platform
Edge-to-cloud link streams contextualized shopfloor and plant data directly to the cloud for scalable AI models, removing the need for complex IoT middleware.
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