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Project Updates and Milestones news
(page 37)
25 March 2026
RIFT secures EU Innovation Fund grant for Alpha One
Grant deal formalises funding for Alpha One, enabling engineering, contracting and FID prep. At Evonik Antwerp: 120,000 t/yr iron fuel → 244 GWh/yr low‑carbon heat; ~682 kt CO₂ avoided in 10 yr.
25 March 2026
Air Liquide opens first Advanced Materials plant in Taiwan
New Taichung plant will make advanced deposition and etch materials (ALD) for next‑gen AI/HPC chips, localizing supply, boosting collaboration and high‑volume ramp; €1B+ invested in Taiwan since 2019.
25 March 2026
ScottishPower secures £600m National Wealth Fund loan for EGL4 subsea link
2GW, 530 km HVDC subsea link will transmit Scottish low-cost power to England (1.5M homes), cut constraint costs, boost energy security, and support UK clean-power grid upgrades
25 March 2026
Boehringer Ingelheim launches two late-stage medicines, 2025 sales up 7.3%
R&D spend rose to €6.4bn (22.9% of sales); reached 70M patients; Human Pharma and Animal Health grew—JARDIANCE and OFEV expanded; Animal Health up 6.5% with NEXGARD leading; pipeline >80 projects.
25 March 2026
Novo Nordisk: UBT251 reduced HbA1c up to 2.16% at 24 weeks in Chinese Phase 2 T2D trial
Triple-agonist UBT251 (GLP-1/GIP/glucagon) induced up to 9.8% weight loss, improved BP and lipids vs placebo/semaglutide. Safety consistent with triple-G class; global phase-2 and China phase-3 planned
25 March 2026
Mitsui Chemicals Obtains ISCC PLUS Certification for ACTCOL
Nagoya Works gained ISCC PLUS for ACTCOL (Jan 2026). Certification covers ACTCOL PPG and polymer polyol resin premix; group to expand mass‑balance biomass and chemically recycled products (~50 total).
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24 March 2026
Brenntag opens Asia Pacific’s first VDA-certified AdBlue site
VDA-certified AdBlue plant in Samut Prakan, Thailand delivers ISO 22241-compliant production with closed handling and controlled filling, ensuring pure, traceable diesel exhaust fluid supply.
24 March 2026
MOL cleared by US to proceed with NIS majority‑stake acquisition talks
U.S. OFAC extended the negotiation license to 22 May 2026, allowing finalization of sale documents and U.S. banks' participation; deal would transfer 56.15% stake, pending approvals.
24 March 2026
EU Innovation Fund commits €2.7bn to 54 net‑zero projects
Grant agreements signed; projects cover 17 countries and 17 sectors, set to avoid ~210 Mt CO2 in first 10 years. Six reserve projects invited (up to €491M). IF25 call open until 23 Apr 2026
24 March 2026
WuXi Biologics posts record 2025 results
2025 revenue +16.7% to RMB21.8bn; gross margin +500bps to 46%; EBITDA +38%; net profit +45%; 209 new integrated projects; backlog US$23.7bn; bi-/multi-specifics >120% growth
24 March 2026
Equinor begins Raia pre‑salt gas drilling offshore Brazil
Six wells started 24 Mar with Valaris DS‑17 in ~2,900m water; recoverable >1bn boe; capacity 16m m3/day (~15% national demand); start‑up 2028; $9bn investment; FPSO ~6 kg CO2/boe.
24 March 2026
Vattenfall 2025 Report: Progress Toward Fossil‑Free Energy
Emissions down 56% since 2017 (on 1.5°C path). 2025: SEK30.4bn invested (85% taxonomy), 95 TWh fossil‑free output, wind, nuclear and hydro project approvals; SEK165bn planned 2026–30.
24 March 2026
Teijin Aramid cuts drinking water use by 80% at Chemie Park Delfzijl
Cooling now uses industrial water from salt evaporation, cutting drinking-water use 80% (~300,000 m³), trimming total water use 10% and easing regional supply pressure.
24 March 2026
MAIRE's Nextchem awarded two NX Replast™ feasibility studies for plastic upcycling in Southern Africa and Southeast Asia
Feasibility studies for two mechanical upcycling plants: ~25 KTPA in Southern Africa and 40 KTPA in Southeast Asia to convert polyolefin waste into high-quality compounded r-polymers
24 March 2026
Mitsui Chemicals: Collaborative Rail Freight Enables Same‑Container Continuous Round‑Trips
Demonstration (Aug 2025–Jan 2026) showed multi-shipper collaborative rail freight in Tokai/Chugoku can use same containers for continuous round-trips, cutting CO2 by 57% and guiding logistics plans.
24 March 2026
Sinopec Reports 2025 Results in Hong Kong
2025 results: revenue RMB2.78T; profit RMB32.476B; EPS RMB0.268; dividend RMB0.20/share. Oil/gas output rose; refining, chemicals and fuel sales grew; tech/digital advances.
23 March 2026
Roche opens Institute of Human Biology hub to accelerate drug discovery
IHB's new facility opens with space for 250 researchers to develop organoids, organ-on-chip and in silico human models to speed and de-risk drug discovery.
23 March 2026
WACKER expands silicone emulsion production in India
New Panagarh GMP-certified silicone emulsion plant boosts local capacity, adds 60 jobs, serves cosmetics/personal-care customers, lets Amtala shift toward R&D and innovation.
23 March 2026
TotalEnergies ends U.S. offshore wind projects, returns leases to DOI
Signed settlements to relinquish Carolina Long Bay and New York Bight offshore wind leases, recover fees and reinvest equal funds into U.S. gas/LNG and power, citing cost and affordability concerns.
23 March 2026
Veolia to exit coal at Karviná by 2029 with multi‑energy plant
Transforms local heating to RDF/biomass/gas cogeneration (53% RDF), serving ~50,000 households, cutting CO2 by ~200,000 t, improving air quality and energy autonomy.
23 March 2026
BASF converts Ludwigshafen acid chlorides and chloroformates to 100% renewable electricity credits
Average product carbon footprint cut ~19% in 2025; plant modernization raised capacity ~30%; customers get lower‑PCF supplies without recertification, aiding Scope 3 reductions.
23 March 2026
Chugai obtains MHLW approval for Lunsumio–Polivy combo in relapsed/refractory large B‑cell lymphoma
Japan approves Lunsumio + Polivy for relapsed/refractory large B‑cell lymphoma after Phase III SUNMO: ORR 69.7%, PFS 11.5 vs 3.8 months (59% lower progression/death risk); manageable safety.
23 March 2026
Chugai: Roche discontinues GYM329 (emugrobart) development for SMA and FSHD
It showed safety and reduced mature myostatin but failed to deliver consistent functional benefits in SMA/FSHD trials; obesity studies will continue; no expected FY2026 earnings impact.
23 March 2026
Sinopec expands POE capacity with China's first full‑chain domestic IP
100kt solution‑method POE unit began linkage trials; with a 50kt demo and another 100kt under construction, domestic POE capacity reaches 250kt/yr. Metallocene catalyst + low‑VOC devolatilization enable varied grades for PV/EVs.
23 March 2026
Sinopec Among China's Top EV Charging Operators
2025 charging platform exceeded 5 billion kWh (~200% YoY). It is rapidly expanding charging and battery-swap networks with Aodong, NIO and CATL to broaden oil‑gas‑hydrogen‑electric services.
23 March 2026
GSK’s risvutatug rezetecan granted orphan drug designation for SCLC in Japan
Risvutatug rezetecan, a B7-H3–targeted ADC, showed durable responses in extensive‑stage SCLC in phase I ARTEMIS‑001; global phase III in relapsed ES‑SCLC is underway.
20 March 2026
Petrobras contracts two thermoelectric plants in 3rd Capacity Reserve Auction
Contracted two thermoelectric plants in 3rd LRCAP; combined with prior auction totals nine plants (~2.6 GW firm capacity for SIN, 2026–2031). Estimated annual fixed revenue ≈ R$4.45bn.
20 March 2026
TotalEnergies and Holcim open Europe’s largest floating solar plant for self-consumption
31 MW floating solar on a rehabilitated Obourg quarry lake produces 30 GWh/yr for onsite industrial self-consumption; over 700 m of directional drilling links panels to the substation.
20 March 2026
Petrobras resumes investments in Minas Gerais during Lula visit
During Lula’s visit to Regap (Betim), resumption of investments announced: R$3.8bn (2026–30), up to R$9bn/10 yrs; 8k–36k jobs; +25k bpd capacity (2027) and 13.3 MW solar plant.
20 March 2026
FUCHS posts solid FY 2025 results
FY2025: sales €3.56bn, EBIT €435m; EPS +2%; dividend +5% to €1.23/€1.22; free cash flow €316m. 2026 outlook: sales ~€3.7bn, EBIT ~€450m
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