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Operational Changes and Investments news
(page 22)
7 January 2026
ADNOC Finalizes Investment for SARB Deep Gas Project
The SARB Deep Gas Development will produce 200 million scfd of gas by decade's end, using AI and remote operations to enhance efficiency and safety, supporting UAE gas self-sufficiency.
7 January 2026
BASF Launches Steam Cracker at Zhanjiang Verbund Site
The steam cracker at Zhanjiang uses 100% renewable energy, producing key chemicals for BASF's value chains, enhancing sustainable production and serving China's growing market.
7 January 2026
Iberdrola Solar Plant Powers Salzgitter's Green Steel Production
A 65 MWp solar plant in Saxony-Anhalt supplies renewable energy for green steel, cutting CO₂ emissions by 23,000 tonnes annually under a 15-year PPA.
7 January 2026
Equinor Saves USD 130 Million with AI in 2025
AI enhances offshore operations, predicting maintenance, optimizing well planning, and accelerating seismic data analysis, achieving significant cost savings and operational efficiency.
6 January 2026
LibertyStream Produces Spec-Compliant Lithium Carbonate in Texas
Consistent lithium carbonate production validated; customer sampling underway. Plans for bulk sampling and offtake discussions aim for commercial volumes by 2027.
5 January 2026
TechnipFMC Secures iEPCI™ Contract for bp's Tiber Project
TechnipFMC awarded iEPCI™ contract for bp's Tiber project, leveraging Kaskida's 20K psi technology for efficient, collaborative greenfield development in the Gulf of America.
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2 January 2026
Technip Energies Acquires Ecovyst's Advanced Materials & Catalysts Business
The acquisition enhances Technip Energies' catalyst capabilities, supports growth in sustainable fuels, and adds 330 employees, boosting earnings and value creation.
29 December 2025
ORLEN Boosts Production with Różańsko Gas Field Launch
Różańsko field adds 130 mcm annually, supporting energy security. Linked to Dębno facility, it aids ORLEN's 4 bcm target by 2030, with gas for power plants and crude for industry.
28 December 2025
LOTTE Chemical Restructures for High-Value Specialty Focus
Shifting from commodity petrochemicals, the company invests in specialty materials, hydrogen, and semiconductor solutions, while enhancing financial stability through strategic divestments.
23 December 2025
Toray Unveils Energy-Efficient Bioreactor Technology
New bioreactor tech cuts energy use by 80-90%, converts chemicals efficiently, and enhances safety. Customizable for diverse applications, it aims to lower costs and environmental impact.
22 December 2025
Technip Energies Secures Equipment Orders from Commonwealth LNG
Technip Energies advances Commonwealth LNG project with key equipment orders, supporting modular construction and accelerating progress towards a 2026 investment decision.
22 December 2025
Snøhvit Future Project Update by Equinor
Snøhvit Future faces delays and cost increases, now at NOK 20 billion. Onshore compression starts in 2029. Electrification cuts CO2 by 850,000 tonnes annually.
22 December 2025
Asahi Kasei Pharma Relocates R&D Hub to Shonan iPark
The move aims to boost R&D capabilities, enhance open innovation, and attract talent by leveraging Shonan iPark's life-science ecosystem and advanced facilities.
19 December 2025
Genentech and U.S. Government Reach Drug Cost Agreement
Agreement lowers Medicaid drug costs, promotes innovation rewards, expands patient access, and exempts tariffs, supporting U.S. manufacturing and job growth.
19 December 2025
ORLEN Acquires Full Ownership of Butadiene Unit from Synthos
The deal secures control over a butadiene unit, integrates it into ORLEN's value chain, and revises agreements for future cooperation and operational flexibility.
19 December 2025
Lhyfe Projects 2025 Revenue Doubling
Focus on European projects, enhance operations, outsource EPC, cut costs by 30% in 2026, and target profitability through strategic resource allocation and market alignment.
19 December 2025
Idemitsu Kosan and Mitsui Chemicals to Consolidate Chiba Ethylene Complexes
The companies will consolidate ethylene production at Mitsui's site by July 2027 to enhance competitiveness amid declining domestic demand and increased global competition.
18 December 2025
Synthos S.A. Sells S54 Shares to ORLEN S.A.
Synthos sells its stake in a butadiene unit to address Olefins III delays, ensuring continued collaboration with ORLEN through additional agreements. Transaction value: PLN 692 million.
18 December 2025
AkzoNobel Invests €50M in US Aerospace Coatings Expansion
€50M investment upgrades Waukegan site, boosts capacity, automation, and warehousing, enhancing aerospace coatings production and customer responsiveness.
18 December 2025
Aisti secures €20M EIB loan for sustainable acoustic tiles expansion
EIB loan boosts production of bio-based acoustic tiles, supporting EU green goals and rural development, while enhancing R&D for improved properties and market expansion.
17 December 2025
OMV Petrom Launches New Sulphur Recovery Unit at Petrobrazi
The new unit, a 45 million euro investment, enhances environmental performance and operational flexibility, processing diverse crude oils and supporting gas treatment at Petrobrazi.
17 December 2025
WITTMANN Expands Production in China
WITTMANN's Kunshan plant now produces injection molding machines locally, doubling capacity and enhancing efficiency. The site will also serve as a development hub for tailored solutions.
17 December 2025
Borealis Launches AI-Driven Borstar® Digital Twin Program
The Borstar Digital Twin enhances efficiency, safety, and sustainability in production through AI, real-time monitoring, and predictive insights, marking a new phase in digital operations.
17 December 2025
Worley Sells Power Services to SPIE Global Services Energy
Worley sells its Power Services in Australia to simplify operations. SPIE aims to enhance its presence in operations, maintenance, and asset integrity in the green energy sector.
16 December 2025
INEOS Invests £150 Million in Grangemouth with UK Government Support
The investment secures 500 jobs, boosts energy efficiency, and supports UK manufacturing, with government backing highlighting the site's strategic importance.
16 December 2025
Shell Invests in Kaikias Waterflood Project in Gulf of America
Shell's Kaikias waterflood project aims to boost oil recovery and extend Ursa platform's lifecycle in the Gulf of America, with first injection set for 2028.
15 December 2025
thyssenkrupp Polysius pre-engineers SMA Mineral 120 t/d EAC pilot in Mo i Rana
Pre-engineering covers preheating/cooling layout and multi-stage cyclone preheater with cyclone-flash cooling. Material tests validate thermal behavior for electrified, low-emission quicklime pilot.
15 December 2025
BASF SE Signs New Site Agreement for Ludwigshafen
A new five-year agreement ensures job security, investment, and sustainable transformation at Ludwigshafen, focusing on competitiveness, flexibility, and employee development.
15 December 2025
Borealis Among Top Circularity Leaders in BloombergNEF Ranking
Borealis advanced to third in BloombergNEF's 2025 ranking, boosting circular capacity and launching key initiatives in recycling and innovation.
15 December 2025
Mitsubishi Chemical Expands Carbon Fiber Production in Japan and US
Increasing demand in sports, aerospace, and hypercar sectors drives capacity boost for high-performance carbon fiber, doubling production by 2027.
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