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Operational Changes and Investments news
(page 26)
1 April 2026
Phelan Green selects Honeywell UOP FT Unicracking for Saldanha eSAF
Chosen tech will produce commercial-scale electro‑sustainable aviation fuel in Saldanha Bay; R47bn project to deliver >140,000 t eSAF to EU/UK, construction from Q4 2026, local job creation.
1 April 2026
Reju secures €135m NIKI funding for Chemelot textile regeneration hub
Scale industrial textile-to-textile process converting hard-to-recycle polyester waste into recycled intermediates with ≈50% lower emissions, integrated into efficient, traceable circular supply chains.
1 April 2026
MAIRE/Nextchem awarded early engineering and equipment contract for 60,000 t/y SAF plant in Indonesia
Plant will use palm oil mill effluent and certified used cooking oil, leveraging NX PTU and NX SAF BIO technologies to support the project's FID and Indonesia's domestic SAF development
31 March 2026
Breakwall Capital, Vitol Close Valor Mining Credit Partners II
New mining credit fund focusing on structured, event-driven financing for mining and critical minerals. First deal: $520M loan to back a US iron-ore mine and pellet plant; project has $2.2B+ invested.
31 March 2026
Iberdrola adds 180 MWh BESS at Alcochete I and Algeruz II solar plants in Portugal
Total output 45 MW, 4‑hour duration; stores excess solar to aid renewables integration, supplies power to 10,000+ homes and supports wider storage strategy
31 March 2026
Mesabi Metallics secures $520M Breakwall financing to advance U.S. DR iron-ore project
Northern Minnesota DR-grade iron ore mine and pellet plant on 16,000+ acres progressing toward commercial start; $2.5B project, 750+ construction workers onsite, backed by EXIM support.
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31 March 2026
BASF launches Butyl and 2‑Ethylhexyl Acrylate RE with Avery Dennison
Launches butyl and 2‑ethylhexyl acrylates made using attributed Texas renewable electricity; drop‑in for coatings and adhesives, reducing manufacturing CO2; commercialization supported by partner.
31 March 2026
LanzaTech Q4 & FY2025 Financial Results
Closed $20M private placement; awarded €40M EU grant; completed LanzaJet share transfers (peak 53%, later ~46% after Series A); revenue $55.8M; net loss $49M; opex -21%
31 March 2026
Gestamp signs 10-year renewable PPA with Iberdrola for 660,000 MWh
Supply of 100% renewable power (80% wind/20% solar) from 34 MW capacity at fixed competitive price; supports electrification and decarbonisation of the auto supply chain. Certificates of origin.
31 March 2026
Messer 2025 results: €4.5bn revenue, €1.4bn EBITDA, €747m investments
Stable 2025: margin held, net debt reduced, staff >12k. Investments in air-separation, on-site/CO2/cylinder plants, helium, decarbonization, R&D/digitalization. 2026 growth expected.
31 March 2026
Mitsubishi Gas Chemical to End Polycarbonate Production at Kashima Plant
Discontinuing Kashima polycarbonate plant in March 2028 (120k t/yr) due to weak margins and oversupply. Domestic supply to shift to overseas sites; employees prioritized; financial impact under review.
31 March 2026
Mitsubishi Chemical transfers KMC MMA monomer stake in Taiwan to CPDC
Dissolve co-ownership of Taiwan MMA unit amid stronger Asian competition and Chinese capacity growth; consolidate production to competitive sites and pursue high-growth markets. Completion Aug 3, 2026.
30 March 2026
PETRONAS Monitors Malaysia’s Fuel Supply
Fuel supply strained by West Asia crisis—~40% of crude via Strait of Hormuz; crude prices +40%, shipping and insurance up. Domestic demand exceeds supply; govt subsidises RON95/diesel; avoid hoarding.
30 March 2026
Dow’s Carbon Footprint Ledger wins 2026 CIO 100 Award
Recognized for enabling verifiable PCF certificates, optimizing low‑GHG production pathways, and integrating supply‑chain, sustainability and finance data to scale trusted low‑carbon product offerings.
30 March 2026
Velocys and SuMo commission Fischer–Tropsch unit at Wednesbury for UK waste-to-SAF
FT unit at Wednesbury is online and stable, validating integration of gasification and FT for waste-to-SAF and supporting ClearSkies demonstration toward modular, scalable SAF production.
30 March 2026
Iberdrola awards €3.5bn contracts for Eastern Green Link 4 HVDC subsea interconnector
Contracts awarded for a 640 km HVDC subsea link (2,000 MW) between Scotland and England, supplying 1.5M+ homes; construction starts 2028, commissioning 2033; part of wider UK grid investment.
30 March 2026
Itabus fleet adopts Enilive HVO
Entire 100-vehicle fleet runs on HVO made from waste, cutting CO2eq by 79.5%. In 2025 it logged 20M km, used over 3M L HVO (53% avg, 75% peak in Dec).
30 March 2026
UPM opens Adhesive Materials terminal near New Delhi
New slitting and distribution terminal near New Delhi to boost service in Northern and Eastern India with tailored inventory and short lead times; complements Mumbai terminal; operations start Q3 2026.
29 March 2026
LOTTE Chemical to merge with HD Hyundai Chemical after Daesan spin-off, pivots to specialty materials
Targets >60% specialty by 2030; building a 500k t/yr compounding plant; creating hydrogen value chain—four fuel-cell plants (80MW) and 450‑bar H2 hub; expanding high-end copper foil and TMAH output.
27 March 2026
Dangote Refinery Lowers PMS Price to N1,200/Litre
Refinery cuts ex-depot and coastal PMS prices despite rising crude; move may lower marketers' costs and retail pump prices and shows local refining can buffer global supply shocks.
27 March 2026
Sasol — Middle East developments and business impact
Middle East conflict disrupted gas supply - ORYX GTL shut; ~60 staff safe. Fuel and chemicals impacted; Secunda/Natref secure inventories and alternative crude; contingencies active.
27 March 2026
aicep Global Parques strengthens park competitiveness with digital connectivity
High-quality digital infrastructure - submarine-cable access, upgraded networks and metro proximity - boosts parks' competitiveness, attracting data centres, tech clusters and global value chains.
27 March 2026
Rompetrol Rafinare completes Petromidia and Vega turnarounds
Mechanical works finished; refineries return to staged full capacity after 700+ maintenance jobs, 6 catalyst swaps, ~900 equipment checks and ~1,200 pipeline tests; authorizations recertified.
27 March 2026
LKAB cuts Kiruna production
Changing rock conditions force temporary shutdown of pellet plant KK3 Apr–Nov, cutting ~2 Mt deliveries in 2026. No layoffs; plant gets maintenance; other mine areas assessed; restart aimed 2027.
26 March 2026
Nufarm and bp extend Carinata offtake to 2050 to scale biofuels feedstock
Milestone‑based funding to scale Carinata seed technology; capital‑light expansion of non‑food Carinata oil supply for SAF and renewable diesel, with purchase access secured.
26 March 2026
Toray Industries imposes emergency surcharges after crude and naphtha price surge
Temporary surcharges on petrochemical products after crude/naphtha price spike from Middle East tensions and Hormuz blockade; reviewed regularly to secure supply.
26 March 2026
thyssenkrupp Electrical Steel extends Isbergues production cuts amid import crisis
Below-cost imports forced full Isbergues shutdown Jun–Sep; orders slashed, ~1,200 jobs at risk; company seeks urgent trade protection; customer supply remains guaranteed.
26 March 2026
Equinor completes investigation into Mongstad benzene exposure
Probe: prolonged benzene exposure during filling—task overran; no re-assessment; respirators insufficient. Naphtha→glycol; more PPE, detector training and a safety engineer; authorities notified.
26 March 2026
BASF opens world-scale Verbund site in Zhanjiang, China
World-scale integrated chemical site with 2,000 staff; basic, intermediate and specialty chemicals; 100% renewable power; 1 Mt/yr ethylene cracker with e-drive compressors; up to 50% lower CO2; €8.7bn
26 March 2026
Asahi Kasei stops Crystal IS UVC LED production, shifts to AlN substrates
Discontinues UVC LED device production; redirects resources to develop 100 mm single-crystal AlN substrates for RF and power semiconductors. Financial impact immaterial.
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