Operational Changes and Investments news (page 2)

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  12 August 2026

  Saipem signs €500m LNTP with Sonatrach for Phase 1 of Algeria PPI

  Limited Notice to Proceed for Phase 1 of Algeria’s integrated phosphate-to-fertiliser complex, covering early works, FEED completion, long‑lead procurement and local partnerships.
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  12 August 2026

  SONATRACH and AFC award EPCs for Integrated Phosphate Project Phase 1

  Contracts cover fertilizer plants at Bled El Hadba and Oued El Keberit and port works at Annaba; project spans mining, fertilizer production and export infrastructure.
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  12 August 2026

  PM Jetten visits Port of Rotterdam Authority at Maasvlakte

  Inspected a container terminal, discussed hundreds‑million‑euro investment plans and constraints with industry, and toured Shell’s Holland Hydrogen 1 green‑hydrogen facility.
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  12 August 2026

  Bilfinger Q2 2026 financial results

  Revenue rose 7% to €1,450m while orders fell 16% to €1,498m; EBITA margin 5.3%. Outlook confirmed: revenue €5.4–€5.9bn, FCF €250–€300m (includes Teknokon).
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  12 August 2026

  Brenntag Q2 2026 results — sales €4.3bn; guidance raised

  Sales up 11% to €4.3bn; operating EBITDA +41% to €463m; gross margin rose to 26.9%. Guidance increased to €1,350–1,450m for 2026.
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  12 August 2026

  SOCAR 2025 Sustainability Report

  First Double Materiality Assessment, new ESG Data Platform and Decarbonization Roadmap; ~1 million tCO₂e avoided, USD 200m Green Bonds and local procurement at 88%.

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  12 August 2026

  BASF Agricultural Solutions invests in Climate Center at Limburgerhof

  Purpose-built climate chambers will enable GLP ecotoxicology studies and insecticide research to support crop protection registrations; completion planned H1 2027.
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  12 August 2026

  Stora Enso to centralise sawmilling in Northern Finland and close Veitsiluoto

  Pine sawing to be shifted to Oulu and Kalajoki; Veitsiluoto sawmill faces permanent closure. About 60 employees enter three-week change negotiations; restart is not planned for Oct 2026.
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  11 August 2026

  DuPont MemCor MBR chosen for Canberra’s Lower Molonglo upgrade

  Adds about 97 million L/day membrane bioreactor capacity to Canberra’s main treatment plant, expanding capability to meet population growth.
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  11 August 2026

  Metsä Group invests €25m in Muoto fibre packaging line at Äänekoski

  A €25m Muoto fibre-packaging line will be built at the Äänekoski mill, starting up in 2028 with capacity above 100 million items per year; Kuura textile fibre project cancelled.
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  11 August 2026

  ORLEN Group commissions 42.2 MW solar farm at Mažeikiai refinery

  On-site 42.2 MW solar PV farm will produce about 45 GWh/year, covering ~7% of the refinery's electricity and cutting procurement costs by about €4m annually.
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  11 August 2026

  LANXESS converts Krefeld-Uerdingen spray dryer to hydrogen fuel

  Hydrogen replaces natural gas in a pigment spray dryer, cutting CO₂ by about 6,000 t/yr using Covestro-produced byproduct delivered via pipeline.
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  11 August 2026

  Pembina selects Worley for Heartland Extraction Plant EPC

  Greenfield straddle facility to process up to 750 million cubic feet/day of gas, extracting NGLs from the Yellowhead Pipeline; start-up targeted for late 2029.
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  10 August 2026

  PTT Global Chemical (GC) starts new growth chapter — petrochemicals, specialty & Green‑Bio, Map Ta Phut

  Q2 adjusted EBITDA THB 26.932bn; ethane imports from the US due 2029; portfolio shift to 70:30 specialty by 2030; USD 300m EBITDA uplift target by 2030.
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  10 August 2026

  PTT Global Chemical strengthens petrochemicals, accelerates Specialty and Green & Bio; positions Map Ta Phut as APAC growth base

  Reinforces integrated petrochemical core, starts ethane imports in 2029, shifts toward higher‑value Specialty and Green & Bio, and expands Map Ta Phut as a regional hub.
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  10 August 2026

  MAIRE/Tecnimont to deliver USD 4.3bn Ruwais NGL expansion (RGD Phase 3)

  EPC for fifth NGL fractionation unit, sweetening and storage at Ruwais; 23,000 t/d (~8 Mtpa) output; completion scheduled for 2030.
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  7 August 2026

  Saipem (SMDC) signs LOI for Rovuma LNG Phase 1 onshore midstream

  LOI covers $32M for preliminary engineering and procurement to advance project definition; final EPC award depends on FID and government/regulatory approvals expected in 2026.
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  7 August 2026

  MOL Group Q2 2026 results

  Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.
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  7 August 2026

  Viva Energy and Nestlé use recycled polypropylene for KitKat wrappers

  Proof-of-concept converts soft-plastics pyrolysis oil into food-grade polypropylene for a limited KitKat wrapper run, with full processing completed in Victoria.
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  7 August 2026

  Hou Qijun surveys Shengli Oilfield operations and innovation

  Three-day inspection of platforms, geological R&D, shale well factory, smart energy and geothermal demo; stresses tech-management integration, safety, green energy and employee welfare.
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  7 August 2026

  POSCO AIR SOLUTION secures AS9100D for aerospace-grade xenon and krypton

  First Asian producer certified AS9100D for aerospace-grade xenon and krypton; begins full-scale supply from a 130,000 Nm³/yr plant after KARI-validated performance.
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  7 August 2026

  LANXESS posts higher Q2 2026 sales and EBITDA pre exceptionals

  Sales up 6.5% to EUR 1.561bn; EBITDA pre exceptionals EUR 152m; QoQ earnings jump 61.7%; full-year EBITDA guidance EUR 450–550m confirmed.
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  7 August 2026

  FY2026 1Q consolidated results

  Q1 sales and profits rose on higher methanol and polycarbonate prices, inventory gains and yen weakness; full-year guidance lifted and dividend increased, but methanol-price risk remains.
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  6 August 2026

  bp to acquire Woodside’s 70% stake in Calypso (Block TTDAA 14)

  Acquisition will raise ownership to 100% and operatorship of the Calypso deepwater gas project offshore Trinidad and Tobago; deal expected to close by end‑2026 pending approvals.
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  6 August 2026

  Trinseo Q2 2026 financial results

  Net loss $120M; adjusted EBITDA $81M; free cash flow negative $125M; advancing DIP-backed debt restructuring and restarted Americas Styrenics sale.
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  6 August 2026

  PureCycle Technologies Q2 2026 results and commercial ramp

  Revenue $4.5M; first P&G resin deliveries; PureFive approved as post‑consumer recycled content in New Jersey; Ironton compounding online; liquidity $236.9M.
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  6 August 2026

  Petrobras posts R$52.4bn Q2 2026 profit

  Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
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  6 August 2026

  ORLEN Group posts record Q2 2026 profits and PLN 14.7bn H1 capex

  Q2 results: revenue PLN 76.5bn, LIFO EBITDA PLN 13.9bn, net profit PLN 7.7bn; record foreign retail profits and H1 capital expenditure PLN 14.7bn.
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  6 August 2026

  China Sinopec — Continental Shale Oil project mid‑year coordination meeting

  Leadership reviewed progress and set targets to scale shale oil via sci‑tech industry finance innovation, tech breakthroughs and strengthened talent and integration mechanisms.
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  6 August 2026

  Aurubis raises full‑year outlook after stronger Q3 and major project progress

  Group EBT and ROCE improved; Q3 outperformed prior quarters; large recycling plant started and ~90% of €1.7bn investment programme completed.