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Operational Changes and Investments news
(page 36)
4 July 2024
Vertex Bioenergy Opens Corn Oil Extraction Facility in Cartagena
The new facility extracts corn oil for livestock feed and biofuel production. With a €5M investment, it has a 4,000-ton annual capacity and 400-ton storage.
2 July 2024
Shell Pauses Construction of Rotterdam Biofuels Facility
Construction is paused to address project delivery and market conditions. Contractor numbers will reduce, slowing activity to control costs and optimize sequencing, ensuring future competitiveness.
26 June 2024
EuroAPI FOCUS-27 Plan: Job Cuts and Facility Divestments
The FOCUS-27 plan aims to boost competitiveness with €110-120M restructuring costs, €350-400M CAPEX, and €75-80M annual EBITDA by 2027, focusing on high-value APIs and strategic sites.
20 June 2024
WACKER Begins Construction of New Silicone Production Site in Czech Republic
The new site in Karlovy Vary will produce high-performance silicones by 2025, creating 200 jobs. It supports key industries like electromobility and medical care, enhancing WACKER's European production.
19 June 2024
Generalitat Valenciana and IGNIS Sign MOU for Castellón Green Ammonia and Hydrogen Project
The project aims to produce 800,000 tonnes/year of green ammonia, create 1,300 jobs, and cut 2 million tonnes of CO2 by 2031, enhancing Castellón's role in renewable energy and decarbonization.
11 June 2024
Merck Invests €62M in New Quality Control Facility
The new 10,000 sqm facility in Darmstadt will house 135 employees, meet sustainability standards, and enhance quality control for life science products, supporting Merck's €1.5B investment program.
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11 June 2024
OMV Petrom Invests EUR 750 Million to Produce Sustainable Fuels in Southeast Europe
Investing EUR 750 million, a new plant will produce 250 kt/year of sustainable fuels by 2028, including SAF, HVO, and green hydrogen, reducing CO2 emissions by at least 70%.
10 June 2024
OMV Launches Co-Processing Plant at Schwechat Refinery
The new plant converts 160,000 tons of liquid biomass into renewable diesel components, reducing CO2 by 360,000 tons annually. The fuel will be available at 550 stations in Austria, Czech Republic, and Hungary.
3 June 2024
BioBTX secures €80M for renewable aromatics plant in The Netherlands
The new plant will convert plastic waste into renewable aromatics, reducing carbon emissions. The €80M funding includes equity, debt financing, and grants, highlighting confidence in the innovative approach.
3 June 2024
WACKER Launches mRNA Center in Halle, Germany
The new facility in Halle enables large-scale mRNA production, creating over 100 jobs and supporting Germany's pandemic preparedness with a capacity for 200 million vaccine doses annually.
31 May 2024
RCS Expands with New Recycling Plant in Nordkirchen
A new plant in Nordkirchen will recycle disposable bottles into rPET, reducing primary raw material use and CO2 emissions. The facility will include halls, silos, offices, and parking spaces.
28 May 2024
RWE Plans Hydrogen-Ready Gas Turbine in Germany
A hydrogen-ready gas turbine with 800 MW capacity is planned in Werne, Germany, aiming for completion by 2030. An Italian-Spanish consortium is handling the planning.
16 May 2024
Dow Expands Capacity in SAS Chemicals to Boost Façade Industry in Germany and Turkey
The capacity expansion will enhance sealant and adhesive solutions for insulating glass, benefiting façade and window segments, with new production in Turkey starting June 2024.
13 May 2024
Vopak Terquimsa Invests in Tarragona's Chemical Industry
Investments focus on specialty chemicals, decarbonization, and innovation, with plans to expand storage and enhance competitiveness in Tarragona's evolving petrochemical hub.
10 May 2024
Jordan inks $1B green ammonia plant
Off-grid Aqaba plant: 550 MW solar + BESS, electrolysis to yield 100,000 t/yr green ammonia for Europe/Asia; cuts ~200,000 tCO2/yr; FID 2027, ops 2030
6 May 2024
Jordanian Green Ammonia and Hynfra submit feasibility studies for green ammonia and hydrogen plant to Jordan’s energy minister
Study outlines $1.6B green ammonia/hydrogen plant in Aqaba SEZ using desalinated seawater and renewables; 8,000 construction jobs, ~200 direct & 750 indirect operational jobs
6 May 2024
IPP to Sell BASF's Ammonia, Methanol, and Melamine Plants in Germany
BASF's ammonia, methanol, and melamine plants in Ludwigshafen are for sale. The deal excludes financial details. The plants offer efficient production and are available for relocation.
26 April 2024
Kontron eSystems adopts WITTMANN integrated injection-molding systems
Five automated IMD injection-molding cells for EV wall-box housings: high-quality decorated surfaces, sub-1-minute cycles, integrated automation/transport, clean-room handling and central material feed
25 April 2024
CARBIOS Breaks Ground on PET Biorecycling Plant in France
The plant will process 50,000 tons of PET waste annually, creating 150 jobs. It uses enzymatic depolymerization to recycle PET, reducing reliance on oil and supporting a circular economy.
9 April 2024
Borealis Invests EUR 4.5 Million to Boost Circular Raw Materials at Porvoo Site
The investment will modify three cracker furnaces to increase production of renewable and recycled base chemicals, supporting a circular economy and achieving ISCC PLUS certification by 2025.
3 April 2024
TotalEnergies Announces New Battery Storage Project in Belgium
A new 25 MW, 75 MWh battery storage project in Feluy will boost Belgium's storage capacity to 50 MW, 150 MWh, aiding grid resilience and renewable energy growth. Completion expected by end of 2025.
28 March 2024
PureCycle to pause Ironton purification facility in April
Flagship facility will pause operations April 1 for about 2–4 weeks to implement reliability and product-quality improvements; company will report results in May.
28 March 2024
SASA Boosts Polyester Output with New PTA Plant
The new PTA plant in Adana aims for 1.75 million tons annually, reducing import reliance, cutting costs, boosting production, creating jobs, and lowering emissions with Invista technology. Completion by Q4 2024.
26 March 2024
MOL Petrochemicals opens Eastern Hungary's largest 40 MWh battery storage
HUF 6.6bn battery storage stores solar power for use-on-demand, cuts energy costs and emissions, aids grid stability per MAVIR, and can cover about one-eighth of the MPK site’s demand for two hours.
19 March 2024
INEOS to End Ethanol Production at Grangemouth in 2025
All staff to be redeployed. Decision follows reduced demand and import pressure. Consultations with employees and Trade Union to begin. Ethanol supply to continue from Herne, Germany.
15 March 2024
Trinseo Considers Closing Virgin Polycarbonate Plant in Germany
The potential closure aims to boost annual profitability by $15-20M. Demand softens, prices drop due to oversupply. Trinseo explores recycling tech, with a pilot facility in the Netherlands.
9 March 2024
Yara Reduces Production at Ferrara and Le Havre Plants Due to High Natural Gas Prices
Production at these plants will operate at 45% capacity due to high natural gas prices. Yara will monitor the situation and use its global system to maintain supply and food chain continuity.
6 March 2024
bp to transform Gelsenkirchen refinery for lower-emission fuel production
The Gelsenkirchen refinery will reduce complexity, shut down parts, and convert plants to process biogenic materials, aiming to cut CO2 emissions by up to 500,000 tonnes annually from 2026.
1 March 2024
Celanese to Close Mechelen Operations
Operations in Mechelen to cease by September 2024, incurring $60-75M in costs. Employee termination costs pending consultation. Facility produces engineering thermoplastics and elastomers.
16 February 2024
Daiichi Sankyo Invests €1 Billion to Expand Pfaffenhofen Site into Innovation Center
The Pfaffenhofen site will develop cancer therapies, create 350 jobs by 2030, and enhance ADC technology. The expansion includes new labs, renewable energy use, and collaboration with local partners.
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