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Operational Changes and Investments news
(page 37)
8 February 2024
Air Liquide Invests €40M to Boost Efficiency and Cut CO₂ at Stade Site
Investing €40M, the company will modernize assets, add CO₂ recycling, and improve energy efficiency by 15%, cutting emissions by 15,000 tonnes/year at its Stade, Germany site by 2024.
8 February 2024
Gasum Expands Riihimäki Biogas Plant
The Riihimäki biogas plant will add an advanced evaporation system to improve efficiency, reduce emissions, and recover valuable nutrients, supported by a 40% grant from the Finnish Ministry of the Environment.
6 February 2024
EU Outlines Plan for Carbon Management to Achieve Climate Neutrality by 2050
The EU aims to cut emissions by 90% by 2040, develop CO2 storage, and create a CO2 market. Actions include regulatory frameworks, funding, research, and international cooperation.
1 February 2024
Arkema Boosts Pebax® Elastomers Production by 40% in France
The new unit at Serquigny produces bio-circular and classical Pebax® elastomers, reducing water use by 25%. These materials serve sports, electronics, and specialty markets.
29 January 2024
Carbon Centric to Build Carbon Capture Plant in Norway
The plant will capture 10,000 tons of CO2 annually, converting it to food-grade quality. Funded by NOK 100 million, it aims to reduce emissions and reuse biogenic CO2, with completion by spring 2025.
26 January 2024
Shell to Convert Wesseling Site for Group III Base Oils Production
The Wesseling site's hydrocracker will be converted to produce Group III base oils, reducing carbon emissions by 620,000 tonnes annually. Operations to start in the latter half of this decade.
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18 January 2024
Andrada Group to Open €33M Green Energy Recycling Plant in Sóskút
The plant will create 160 jobs, recycle energy storage systems, and support Hungary's green transition with advanced, sustainable technology. Operations to expand across Europe.
15 January 2024
Evonik Expands HTPB Production in Marl
The expanded plant will boost HTPB capacity by Q2 2024. The site benefits from integrated raw material supply and in-house R&D, enhancing service reliability and market position.
12 January 2024
BYK Netherlands Invests in New Solvent-Based Wax Dispersions Plant
The new plant in Deventer will replace the current facility, meeting future customer and regulatory demands. Commercial production starts end 2026, ensuring safety, sustainability, and reliability.
12 January 2024
Arkema Invests in Tiamat to Advance Sodium-Ion Batteries
Arkema's investment in Tiamat will boost sodium-ion battery development, aiming for a 5 GWh factory in France by 2025, reducing reliance on lithium and creating up to 1,000 jobs.
11 January 2024
INEOS Aromatics Converts Waste to Cement Raw Material
Waste previously incinerated is now repurposed as raw material for cement, aligning with Indonesia's green agenda and supporting sustainability.
11 January 2024
WACKER to Build Silicone Production Site in Czech Republic
New site in Karlovy Vary to produce specialty silicones by end of 2025, creating 200 jobs. Focus on room-temperature-vulcanizing silicones, later adding high-temperature-vulcanizing compounds.
1 January 2024
Köksan Holding Invests in r-PET Resin Facility
New facility to produce 110,000 tons of r-PET resin annually, aiming for 100% recycling. Half of output for export, reducing current account deficit by $100 million.
31 December 2023
Baerlocher UK expands calcium-based PVC stabiliser capacity
Five-decade evolution from distributor to UK producer; 1997 production start, 2000 granules, 2022 capacity +50% to meet recyclable-PVC demand in UK & Ireland.
20 December 2023
Neste to Transform Porvoo Refinery into Renewables Hub
The Porvoo refinery will shift to producing 3 million tons of renewable and circular products by the mid-2030s, requiring 2.5 BEUR in investments, driven by declining fossil fuel demand and climate goals.
14 December 2023
Alkermes to Sell Athlone Facility to Novo Nordisk
The $92.5M sale includes a subcontracting period until 2025. Alkermes aims for operational efficiency, while Novo Nordisk gains manufacturing capacity and 400 skilled employees.
13 December 2023
Arkema to Acquire Arc Building Products in Ireland
The acquisition will enhance Arkema's market position in Ireland, expanding its product range and local production. The deal is set to close in Q1 2024.
10 December 2023
Fire at Elkem Salten Plant
A fire broke out at a silicon plant in Norway. Four individuals were treated, and production halted. The fire is under control, and all personnel are accounted for.
6 December 2023
Clariant Closes Bioethanol Plant in Romania
The plant closure follows operational shortfalls and continued losses. Restructuring costs and provisions will impact 2023 and 2024 financials, with significant EBITDA and EBIT adjustments.
1 December 2023
ExxonMobil's Fawley Refinery Investment Enhances UK Energy Security
The new low-sulphur diesel facility at Fawley will boost production by 40%, reduce imports, support 400 construction jobs, and lay groundwork for lower-carbon fuels with a new hydrogen plant.
29 November 2023
INEOS Aromatics to Mothball PTA Plant in Geel, Belgium
Rising costs make European PTA production uncompetitive. Affected employees will be consulted for redeployment. Customers remain unaffected as the larger, efficient PTA unit continues operations.
28 November 2023
Neste receives energy investment aid for green hydrogen project
The Finnish Ministry granted EUR 1.96M for a 120MW electrolyzer project at Porvoo refinery. The project aims to produce green hydrogen and recover heat for district heating. Decision expected in 2024.
18 November 2023
Porthos Launches First CO2 Storage Project in Rotterdam
Porthos will invest €1.3 billion in a CO2 transport and storage system in Rotterdam, operational by 2026. It will store 2.5 Mton CO2 annually for 15 years, aiding Dutch climate goals.
10 November 2023
ABB to Provide Electrical Engineering for Danish Green Hydrogen Facility
The 1 GW Esbjerg plant will produce 90,000 tons of hydrogen annually, aiding decarbonization. ABB's involvement supports EU renewable hydrogen goals and will create 60 jobs.
10 November 2023
Novo Nordisk to Invest €5.6 Billion in Expanding Danish Manufacturing Facilities
The €5.6 billion investment will expand API and packaging capacity, create 800 jobs, and enhance sustainability. Completion is expected between 2025-2029, with 3,000 external workers during construction.
10 November 2023
Sandoz Opens New Antibiotic Plant in Austria and Biosimilar Center in Germany
EUR 175M investment enhances penicillin production and biosimilar development, improving ecological footprint and securing European supply. Supported by Austrian and Bavarian governments.
31 October 2023
OMV and Interzero to Build Europe's Largest Chemical Recycling Sorting Facility
The facility in Germany will process 260,000 tonnes of mixed plastics annually, creating 120 jobs. It will supply feedstock for chemical recycling, with production starting in 2026.
26 October 2023
Mura Technology Launches First Commercial HydroPRS™ Recycling Plant in Teesside
The plant will process 'unrecyclable' plastics, creating jobs and reducing carbon emissions. Key industry figures attended the launch, highlighting collaboration and economic benefits.
26 October 2023
TotalEnergies Acquires Renewable Aggregator Quadra Energy
The acquisition strengthens TotalEnergies' power business in Germany, leveraging Quadra Energy's expertise, weather-forecasting platform, and local developer knowledge to enhance trading and marketing activities.
26 October 2023
Carbios Secures Permits for First PET Biorecycling Plant in France
Construction starts on the world's first PET biorecycling plant in Longlaville, France, with a 2025 commissioning target. The plant will process 50,000 tons of PET waste annually, creating 150 jobs.
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