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Operational Changes and Investments news
(page 33)
6 May 2025
SunGas: Beaver Lake green methanol project enters FEED
Project moves into FEED with engineering firms and technology licensors selected; >$2bn investment, >500,000 t/yr green methanol capacity and construction targeted for mid‑/second‑half 2026.
1 May 2025
Dreexo Energy to Build Circular Economy Plant in Cádiz
The plant will convert non-edible fats and oils into chemicals, creating jobs and minimizing waste, supporting sustainable industry in Andalucía.
30 April 2025
INEOS and Covestro Sign 8-Year LNG Supply Deal to Boost European Industry
The agreement ensures long-term energy security for European operations, supporting industrial resilience and addressing energy transition challenges.
29 April 2025
Tengizchevroil Secures Contracts with Kazakhstani Suppliers
TCO signed contracts worth $10.5M with local firms for equipment at the Kazakhstan Machine Builders Forum, boosting local content in oil and gas projects.
29 April 2025
BASF to Build Semiconductor-Grade Sulfuric Acid Plant in Germany
New plant to boost semiconductor-grade sulfuric acid production by 2027, enhancing supply chain reliability and supporting Europe's chip manufacturing growth.
22 April 2025
TotalEnergies Antwerp Platform Adapts to Energy Transition and Market Trends
Antwerp site invests in green hydrogen, SAF, and battery storage to boost decarbonization and efficiency, while ceasing an old steam cracker to address petrochemical overcapacity.
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14 April 2025
DOMO Unveils Sustainable E-Mobility Solutions at Chinaplas 2025
Showcasing sustainable polyamide solutions, metal replacement, and recycling innovations for e-mobility and energy management in the Asian market.
11 April 2025
CARBIOS Reports 2024 Financial Results
Cash at €109M; Longlaville plant construction delayed, pending financing; progress on contracts; 2025 cost-cutting plan to reduce cash burn by 40%.
9 April 2025
Neste Begins SAF Production at Rotterdam Refinery
Production capacity increased to 1.5 million tons annually. Expansion in Rotterdam to double capacity by 2027, boosting global renewable fuels output to 6.8 million tons.
3 April 2025
EIB Grants Lantmännen EUR 50M for Swedish Pea Protein Plant
The investment boosts EU food security, reduces protein imports, and aligns with sustainability goals, creating 30 jobs and promoting plant-based protein production in Sweden.
31 March 2025
Kazakhstan Begins Construction on Major Polyethylene Plant in Atyrau
The plant will produce 1.25M tons of polyethylene annually by 2029, creating 8,000 construction jobs and 800 operational jobs, boosting Kazakhstan's economy and reducing import reliance.
28 March 2025
MOL Petrochemicals Develops Battery Storage Facility
MOL is building a 40 MWh battery storage in Tiszaújváros to balance Hungary's grid, supported by EU funding. Completion is expected by Q1 2026.
26 March 2025
TotalEnergies Launches Six Battery Storage Projects in Germany
Investing €160M, the projects add 221 MW storage, enhancing Germany's power resilience and supporting renewables, with completion set for early 2026.
25 March 2025
LANXESS Boosts 2024 Earnings
EBITDA up 19.9% to EUR 614M. Sales down 5.2%. Strong cash flow, debt reduced. Cost savings ahead of plan. Urethane Systems sale to UBE finalizes specialty chemicals shift.
24 March 2025
Versalis Opens Recycled Polymer Plant in Porto Marghera
The new plant produces up to 20,000 tonnes of recycled polystyrene annually, enhancing Versalis' product range and supporting sustainable packaging and construction solutions.
20 March 2025
Grangemouth's £3.5 Billion Transformation Plan Unveiled
Nine pathways to renewables are proposed, aiming to create 800 jobs. Private investment is crucial, with SAF as a key focus. Challenges include high costs and new supply chain needs.
20 March 2025
OQ Chemicals to Start Heptanoic Acid Production in Germany
Production begins June 2025, enhancing carboxylic acid portfolio and supply chain security. Heptanoic acid serves sectors like performance materials, energy, consumer products, and aviation.
18 March 2025
LyondellBasell and Covestro Close PO11 Unit in Netherlands
PO11 unit closure due to overcapacity, high costs, and imports. LYB and Covestro focus on strategic assets and maintain customer relations. Shutdown by 2026.
18 March 2025
LyondellBasell, Covestro to Close PO11 Unit in Netherlands
Closure due to global overcapacity, high costs, and weak demand. LYB to safely shut down by 2026. Commitment to European market and ongoing customer support remain.
18 March 2025
Arkema Advances Acrylic Acid Plant Project in Carling, France
The new plant will enhance energy efficiency by 25% and reduce carbon intensity by 20%, with full operation expected in 2026.
17 March 2025
Sinopec Achieves China's Largest Bunker Fuel Load
Sinopec supplied 8,549 tons of fuel oil to the "Excellence," a vessel with offshore CCS, setting a record and enhancing China's port service capabilities.
12 March 2025
QEMETICA Plans Janikowo Soda Plant Hibernation
High energy costs and competition force plant closure, impacting jobs. Support sought for fair competition and cost reduction. Diversification and global investments underway.
12 March 2025
Moeve and Exolum invest €300M in Port of Huelva for energy transition infrastructure
New infrastructure at the Port of Huelva will enhance biofuel operations, improve logistics, and support decarbonization efforts, aligning with regional industrial policies.
5 March 2025
Buss Terminal Eemshaven Expands for Offshore Wind Logistics
The terminal expands with 15 hectares and 200m quay, boosting capacity for offshore wind and other industries, enhancing its role as a logistics hub in the North Sea.
5 March 2025
INERATEC secures €70 million for Europe's largest e-Fuel plant in Frankfurt
€70m funding will boost e-Fuel production, aiding aviation decarbonization and supporting EU climate goals through innovative reactor technology and strategic partnerships.
3 March 2025
Astarta to Build Multiseed Crusher
The project in Khmelnytsky will cost USD76m, process 400kt annually, and start in 2026. It aims to boost local jobs, tax revenue, and meet EU soybean demand.
26 February 2025
CSBP Halts Kwinana Superphosphate Plant Operations
Due to declining demand and rising costs, the Kwinana SSP plant enters care and maintenance. CSBP will import SSP and repurpose the facility for increased storage capacity.
19 February 2025
BASF to Build New Alcoholates Plant in Ludwigshafen
The new plant will produce sodium and potassium methylate for biodiesel, pharma, and agriculture, enhancing site competitiveness and supporting market demand. Completion is expected in 2027.
18 February 2025
Industrial Group to Acquire Northvolt Systems Industrial Division
The acquisition includes assets, employees, and contracts, ensuring seamless operations. The move aligns with a strategic focus on large-scale cell manufacturing. Regulatory approval pending.
13 February 2025
Nova Alumina to Build Waste-to-Energy Facility, Replacing Coal for Sustainable Production
€150M waste-to-energy plant using municipal waste, with Chinese partner to replace coal, cut CO2 and landfill use, meet EU emission limits; expanding solar to 20 MW
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