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Project Updates and Milestones news
(page 21)
29 May 2026
EU Innovation Fund Net‑Zero Call: 358 applications, €17.5bn requested (6× budget)
Applicants across 27 countries submitted large/medium/small projects, pilots and cleantech manufacturing for energy‑intensive, carbon management, renewables and storage; results Oct 2026
29 May 2026
Merck: FDA Grants Breakthrough Designation to Calderasib (MK‑1084) for First‑Line KRAS G12C‑Mutant Metastatic NSCLC
Supports calderasib plus pembrolizumab in PD‑L1 ≥1% newly diagnosed metastatic KRAS G12C NSCLC; positive Phase 1 KANDLELIT‑001 data; multiple Phase 3 trials planned; developed with Taiho/Astex
29 May 2026
IFF to sell Food Ingredients business to CVC
Food Ingredients business sold for ~$4.3B (≈10x EBITDA); seller retains ~10% stake; net proceeds ~$3.8B for debt reduction, buybacks and reinvestment; close by end Q2 2027.
29 May 2026
AGC verifies AFLAS FFKM fluorine as 100% recycled under UL 2809
Mass-balance allocation applied to AFLAS FFKM; product offers strong chemical/heat/plasma resistance for semiconductor seals. Part of effort to recycle plant fluorine waste and advance circularity.
29 May 2026
Eni and Seri Industrial to develop LFP stationary battery supply chain
Agreement to build integrated LFP battery platform: cell/module plants, BESS assembly, recycling and cathode production. 2nd gigafactory >8 GWh by 2029; BESS line ready H1 2027. 30% stake for €55m.
28 May 2026
Metsä Group opens modernised Mariestad tissue mill
€370m rebuild doubles capacity to ~145,000 t/yr; new production line and three converting lines; improved energy efficiency, lower water use and emissions.
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28 May 2026
National Power Supply (Double A Group) orders ANDRITZ recovery boiler and evaporation plant
New bioenergy unit will process black liquor to generate steam and green electricity, recover chemicals for reuse; start-up set for Q2 2028; order in high double-digit million euros.
28 May 2026
Johnson & Johnson: FDA approves TREMFYA label update for PsA joint‑damage inhibition
APEX Phase‑3b: in biologic‑naïve PsA patients, 24‑week results met ACR20 and significantly inhibited structural joint damage vs placebo; placebo switchers had 57% less radiographic progression to Week 48; safety unchanged.
28 May 2026
SkyNRG and KLM start construction of Netherlands' first dedicated SAF plant
Construction begins on DSL-01. First commercial-scale SAF plant to secure non‑recourse financing; aims for ~100,000 t/yr by 2028 via HEFA from low‑quality feedstocks, >100 jobs and €16M JTF support.
28 May 2026
Aptar Pharma files patents and reports preclinical proof‑of‑concept for intranasal and pulmonary GLP‑1 delivery
Published three international patent applications for nasal/pulmonary GLP‑1 formulations (spray‑dried/powder). Preclinical semaglutide PK shows up to 10× Cmax vs oral; ongoing biologics delivery work.
28 May 2026
GSK’s bepirovirsen: 19% functional cure in Phase III chronic hepatitis B trials
Pooled Phase III trials: 26% functional cure in patients with ≤1000 IU/mL HBsAg; 49% reached qHBsAg ≤100 IU/mL at 1 year; acceptable safety; regulatory reviews and anticipated Q3 2026 decisions.
28 May 2026
TotalEnergies Files Authorization for 1.5 GW Centre Manche Energies Offshore Wind
Operator submitted Single Authorization for Normandy offshore wind farm; expects ~6 TWh/yr, >1M homes, €4.5bn investment, 2,500 construction jobs, ongoing stakeholder consultations
28 May 2026
ORLEN Group Q1 2026: solid results and lowest fuel prices in the EU
Q1 results: LIFO EBITDA PLN14.1bn, revenue PLN75.8bn, net profit PLN8.1bn; operating cash flow PLN8.5bn; record PLN9.3bn dividend; PLN5.4bn capex on energy security and low-carbon projects
28 May 2026
Johnson Matthey preliminary results year ended 31 March 2026
Strategy driving cash: free cash flow £168m (+163%); pro forma underlying operating profit +6% at constant PGM/FX. Catalyst sale £1,325m on track; Cormetech buy agreed; new PGM refinery 2027.
28 May 2026
UPM and Sappi sign definitive agreement on graphic paper JV
Definitive deal to form 50/50 graphic paper JV combining two European businesses; €600m debt + €100m RCF secured; combined EV €1,420m; ~€100m annual synergies; regulatory approvals pending
28 May 2026
FDA approves Clariant's Licocare RBW for rigid PVC food‑contact use
FDA clears rice-bran wax additives for rigid PVC: all grades approved for direct food contact up to 0.5% and for food-processing equipment up to 1%; renewable, biodegradable; EFSA/Japan authorized.
28 May 2026
Lhyfe & STRABAG partner on green hydrogen in Germany
Co-development deal to accelerate green hydrogen projects in Germany amid RED III-driven RFNBO demand, combining electrolysis production, construction, financing and transport; possible EU expansion.
27 May 2026
ANDRITZ wins hydropower expansion contracts with COPEL adding 2.1 GW
Turnkey contracts will add >2.1 GW across two plants, lift installed capacity by 34%, start construction in 2026 and bring units online in 2030.
27 May 2026
MAGPIE at TRA 2026 — five years of green-port progress
Technical, digital and social findings from five years of port decarbonisation work presented at TRA 2026, plus cross‑sector lessons for ports and airports.
27 May 2026
ProLogium to list on Nasdaq via merger with Translational Development Acquisition Corp.
SPAC deal values company at ~$3.8B; will scale Gen‑4 solid‑state battery production, backed by up to ~€1.4B French subsidy, and target data‑center, aerospace and robotics markets.
27 May 2026
POSCO INTERNATIONAL and ReElement to build first integrated rare‑earth magnet complex in the US
USD 200m joint investment to build a U.S. rare‑earth separation and permanent‑magnet complex with up to 6,000 t/yr capacity, targeting mass production in 2028.
27 May 2026
RWE Limondale BESS cleared for full eight‑hour operation
Australia’s first eight‑hour battery can now discharge 50 MW for over eight hours (≥400 MWh) after AEMO and Transgrid sign-off following compliance testing.
27 May 2026
RWE increases Series A investment in Focused Energy by €60m
Additional €60m follows an October 2025 stake; proceeds will develop laser-fusion work at Biblis and support Germany's bid for a national laser fusion hub.
27 May 2026
Toray and PTT Global Chemical establish 100% bio-based nylon 66 production
Cassava pulp was converted to bio-muconic, then bio-adipic acid and 100% bio-based nylon 66. Pilot saccharification, fermentation, refinement and lab polymerization.
27 May 2026
Avantium LCA: releaf reduces carbon emissions up to 88% in 500 mL bottles
Peer-reviewed LCA with industrial data shows plant-based PEF can cut resin GHG emissions up to 71%, enables lighter packaging, improves recyclability, and complements recycling vs PET.
27 May 2026
Iberdrola opens Spain’s largest battery (58 MW / 120 MWh) at Campo Arañuelo
Two LFP battery systems paired with adjacent solar plants store renewable energy for peak demand, enhancing grid stability and supporting electrification and renewables integration.
27 May 2026
MOL begins Olefin-1 plant restoration
Investigation done; risks cleared and approvals granted. Hydrocarbon removal continues. Cleaning, inspections and repairs start; restart may take months. Injured staff improving; fuel supply unaffected.
27 May 2026
WuXi Biologics secures GMP release for 18th drug product facility
DP15 at Fengxian is operational, completed GMP batches to supply clinical programs. Features isolator aseptic filling for liquid and lyophilized vials (2R-20R), enabling faster tech transfer.
27 May 2026
Petrobras to invest R$2.8bn in Amazonas for Urucu gas expansion and Transpetro fleet
R$2.8bn to expand Urucu gas (R$2.5bn for new wells, ~40 km lines) and add 18 barges + 18 pushers to insource bunker logistics, create jobs and boost regional energy supply
27 May 2026
BASF Coatings wins Sustainability Award for overspray‑free two‑tone paint process
Overspray‑free wet‑on‑wet two‑tone (OFLA) uses digital paint jets for 100% transfer efficiency, cutting energy ~25% (~1.7 GWh/yr), ~300 t CO2/yr, and reducing masking waste and paint use.
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