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Operational Changes and Investments news
(page 17)
26 May 2026
AGC Biologics Starts NN4101 Bispecific Antibody Development and GMP Production
With Novelty Nobility, moves Copenhagen cell‑line/MCB work to GMP manufacturing in Chiba from May 2026. Targets retinal neovascular disease; global cGMP network enables tech transfer.
26 May 2026
Sinopec launches first LNG cold‑energy cascade project
Qingdao LNG terminal's cold-energy cascade project advances to detailed design/construction, using low-temperature Rankine and efficient heat exchange to produce up to 26M kWh/yr and cut grid use/CO2.
25 May 2026
Stora Enso to close Skutskär L3 softwood pulp line and refocus on fluff pulp
Planned permanent closure of Skutskär fiberline L3 softwood pulp; up to 80 roles at risk; production halt targeted Q3–Q4 2026; fluff production will continue and may expand.
25 May 2026
Eni approves FID for Baleine Phase 3 in Côte d’Ivoire
Phase 3 lifts oil from 60k to 150k bpd and gas from 80 to 200 MMcf/d. New FPSO. All gas for domestic power/industry. Phased fast‑track development to boost energy security and local growth
25 May 2026
Aramco transfers PRefChem ownership to PETRONAS
PRefChem is now fully owned by the buyer; deal boosts acquirer's operations and supply flexibility, lets seller optimize downstream assets. Also to explore crude supply, tech exchange and distribution
25 May 2026
Sines strengthens transatlantic digital connectivity
Telesur–EllaLink deal to build Caribbean Gateway cable linking the Caribbean, Europe, US and Brazil, boosting capacity and redundancy and EU digital resilience; boosts ZILS appeal for data infra
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23 May 2026
MOL opens probe into Olefin-1 incident at Tiszaújváros
Cooperating with authorities; unit draining underway for damage assessment. Two discharged, seven hospitalized (stable). Psychological support provided. Fuel supply unaffected; other units operating.
22 May 2026
Acelen Renewables raises US$1.5bn to build SAF/HVO biorefinery in Bahia
Bahia biorefinery to produce 1 billion litres/year of SAF and HVO, targeting start of operations in 2029.
22 May 2026
MOL Olefin-1 explosion in Tiszaújváros
Explosion during unit restart left one worker dead and nine injured; fire extinguished. Investigation under way. Other complex units keep running; refining and fuel supply unaffected; event insured.
22 May 2026
EU awards €400m to 65 projects to decarbonise industrial heat
Across 10 EEA countries, projects deploy heat pumps, resistance, solar thermal and hybrids in sectors like pulp, steel, glass and food - avoiding 6.6M tCO2 over 10 years. Grant deals expected H2 2026.
22 May 2026
Port of Rotterdam demonstrates safe ship-to-ship ammonia bunkering (MAGPIE)
Full-scale ship-to-ship ammonia bunkering demo found bunkering can be done safely in active ports if planned with robust safety, equipment and regulatory frameworks; report gives practical guidance.
22 May 2026
GreenLine Mobility expands LNG truck deployment with Tata Steel
LNG trucks flagged off at Meramandali to cut long‑haul emissions; fleet 1,000+ LNG/EV trucks, 90M+ km, >24,000 tCO2 saved; target 10,000 trucks and 100 LNG stations.
21 May 2026
PETRONAS Chemicals Group 1Q2026: 97% plant utilisation and improved earnings
High plant utilisation, RM7.0bn revenue and RM1.2bn EBITDA; PAT RM427m vs LAT RM730m prior quarter amid higher commodity prices.
21 May 2026
PCC SE: Stable Q1 EBITDA amid 12% sales drop
EBITDA fell 2.9% to €13.0m while sales dropped 12% to €221.0m; EBT improved on exchange-rate effects; Trading & Services and logistics strengthened; bond repaid €21.0m.
21 May 2026
Repsol’s 825 MW Pinnington solar plant enters commercial operation in Texas
Reached COD 2.5× faster than peers; built by Black & Veatch/OCI. Created ~700 construction jobs, 1.5M panels, cuts ~1M t CO₂/yr, boosts ERCOT capacity and grid resilience.
21 May 2026
Eni inks long-term LNG deals in Indonesia
Three long-term deals secure ~2 MTPA LNG from Kutei Basin; supply via Bontang LNG, reactivating one idle train to maximize use of existing infrastructure.
21 May 2026
Rely wins Power2X EPC for 20MW Djewels green hydrogen plant in Delfzijl
Project reached FID/NTP and moves into construction. Will use John Cockerill pressurized alkaline electrolysis; first hydrogen expected mid‑2028; plant ties into local Chemical Park and Nobian.
21 May 2026
Eni CCUS Holding secures £500m+ financing facility for CCS platform
Facility backs Liverpool Bay CCS (operational 2028; 4.5 Mt/yr rising to 10 Mt by 2030s), funds other projects (L10, Bacton, Ravenna option); 13-bank syndicate; 30% built
21 May 2026
Hycamite plans 200 kt/yr graphite plant in Finland
EU CRMA status and new tech enable a phased Finnish project: Phase 1 demo starts next year; full scale could reach 200 kt/yr (~40% of EU battery graphite demand), serving batteries and industry.
21 May 2026
Iberdrola signs 10-year PPA with Gonvarri Industries for 26,000 MWh/year
PPA covers eight production sites in four European countries, with 100% guarantees of origin (80% wind/20% solar). It secures stable, competitive supply to boost electrification and decarbonisation.
21 May 2026
Starck International develops agricultural terminal at North Sea Port
14‑ha Vlissingen terminal to consolidate bulk agricultural flows for storage, transshipment and circular animal‑feed processing. Fast start in existing warehouses; creates dozens of jobs.
21 May 2026
Equinor to expand in Northern Norway after 50 years
Produces >500k boe/d in northern Norway; supplier spend to NOK4bn by 2025. Developing Isflak and Drivis/Tubåen tie‑backs, drilling 1–2 wells/yr, targeting +200–500M barrels.
21 May 2026
ADNOC deploys Taurob heavy‑duty inspection robot and co‑develops operator robot
Inspector robot conducts autonomous hazardous-site inspections with LiDAR and thermal imaging. A heavy-duty operator robot to lift, grip and turn valves in extreme temperatures — operational 2026.
21 May 2026
Gasunie, Open Grid Europe and Thyssengas to develop Netherlands–Germany hydrogen corridor
Cross‑border hydrogen link planned between Zevenaar and Elten by 2031, reusing existing gas pipelines; first phase connects the Rhine‑Ruhr region, later southern hubs such as Ludwigshafen
20 May 2026
Gasunie opens first 32-km section of Dutch hydrogen network
King and minister inaugurated the first pipeline segment. Network planned ~1,200 km via repurposed gas pipelines, linking Dutch industry to Germany and Belgium; first plant now connected.
20 May 2026
BASF refocuses on growing core businesses under Winning Ways
Core Transformation Office, led by Julia Raquet, launches CoreShift to cut net cash fixed costs up to 20% by 2029, simplify operations, harmonize processes and roll out ERP and AI.
20 May 2026
Covestro opens TPU Application Development Center in Guangzhou, China
New TPU AD Center links Zhuhai production and Changhua R&D, offering extrusion/injection simulation, compounding, color and pilot film lines to speed APAC solutions
20 May 2026
BASF and Cromology convert end‑of‑life tires into binder for Tollens Maxiline+ wall paint
Chemically recycled styrene-acrylate binder from tire pyrolysis oil used in interior wall paint via mass-balance. REDcert² certified; 10 L ≈ 2 tires; reduces fossil feedstock and CO₂.
20 May 2026
BASF patents hot-gas welding process for PPA plastics
Channel-guided hot-gas welding yields uniform heating, ~10s welds, lower temperatures and energy use, thicker melt layers, fewer clogs and higher reliability for thermoplastic components.
20 May 2026
APA appoints Worley as engineering partner for Australia’s gas transmission network
Three-year engineering partnership to deliver scalable gas transmission and storage upgrades—boosting capacity, flexibility and resilience through replication, digital delivery and standardization.
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