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Project Updates and Milestones news
(page 40)
14 March 2026
Ørsted's Revolution Wind Powers New England Grid
Revolution Wind delivers 704 MW to New England, powering 350,000 homes, stabilizing prices, and supporting 2,000 jobs. Expected to save $500M annually in energy costs.
13 March 2026
Sasol opens Destoning Plant to improve coal quality
Located in Mpumalanga, the converted Twistdraai plant processes run-of-mine coal from Thubelisha and Bosjesspruit; began operation Dec 2025 and helped cut average sinks below 14% in Q1 FY26
13 March 2026
Johnson & Johnson Reports Positive Phase 1 Results for Erda-iDRS in Bladder Cancer
Erda-iDRS shows safety and efficacy in Phase 1 for intermediate-risk bladder cancer, with high complete response rates and ongoing Phase 2 and 3 studies.
13 March 2026
Trinseo 2025 Q4 and Full-Year Financial Results
Q4 net loss of $251M, full-year loss of $546M. Sales down 19% in Q4, 15% annually. Restructuring costs impacted results. Adjusted EBITDA stable in Q4, down $41M annually.
13 March 2026
GSK's Arexvy RSV Vaccine Approved for Expanded Use in US Adults 18-49
FDA expands Arexvy's use to adults 18-49 at risk for severe RSV. Phase III trials show efficacy and safety. 17,000 hospitalizations annually in this age group.
13 March 2026
Worley to Provide FEED for Chevron Cyprus' Aphrodite Gas Project
Worley will deliver FEED and procurement for the Aphrodite Field, covering subsea systems, floating production, export pipeline, and onshore facilities, leveraging global expertise.
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12 March 2026
Formosa Plastics Group targets NT$38.6 billion annual benefit from transformation by 2030
Roadmap focuses on product differentiation, AI, circular economy and low‑carbon energy to deliver NT$38.6bn by 2030 while managing recent supply disruptions from Persian Gulf shipping shocks.
12 March 2026
Johnson & Johnson's TECNIS PureSee IOL Gains FDA Approval for Cataract Surgery
TECNIS PureSee IOL offers enhanced vision for cataract patients, reducing reliance on glasses and maintaining contrast sensitivity, with 97% reporting no bothersome visual disturbances.
12 March 2026
TotalEnergies Restarts Libya's Mabruk Oil Field Production
Production at Libya's Mabruk field resumes after a new 25,000 bpd unit starts. This aligns with a strategy for low-cost, low-emission growth and marks 70 years in Libya.
12 March 2026
Evos Expands Rotterdam Terminal with New Quay
Rotterdam adds a quay for methanol and ethanol storage, boosting its role as a key hub for these fuels. Completion is expected by Q1 2028, supporting cleaner maritime fuel initiatives.
12 March 2026
PETRONAS Discovers Hydrocarbons at Barokah-1, East Java
The Barokah-1 well in East Java reached 3,315.3m depth. Further studies will assess its potential. This supports ongoing projects and highlights exploration prospects in the region.
12 March 2026
dsm-firmenich Unveils Performance Boost Plan at Investor Event
The company aims to enhance growth, EBITDA margins, and cash flow, with a share repurchase program and strategic updates amid ongoing macroeconomic challenges.
12 March 2026
Clariant Demonstrates Pyrolysis Oil Upgrading for Circular Plastics with Borealis and SINTEF
Clariant's HDMax catalyst converts plastic waste-derived pyoil to cracker-grade feedstock in a single reactor, reducing costs and complexity, advancing circular economy solutions.
12 March 2026
Asahi Kasei Installs Electrolyzer at Finland's First Hydrogen Station
The electrolyzer will produce 400kg of hydrogen daily, supporting hydrogen-powered transport in cold climates and demonstrating technology reliability and scalability.
11 March 2026
Trafigura/MorGen reach FID for 20MW West Wales green hydrogen plant
20MW plant at Milford Haven to produce ~2,000 tpa low‑carbon hydrogen; construction 2026, commissioning early 2028; 15 years of revenue support and HAR1 grant funding.
11 March 2026
Holcim Acquires Colombian Operations
Holcim expands in Colombia, acquiring Cemex assets. The deal adds 20+ sites, boosting 2026 sales by USD 360M. Expected synergies of USD 30M in 3 years, EPS accretive in year one.
11 March 2026
Repsol, TotalEnergies, Shell Begin Oil Production at Brazil's Lapa Southwest
Lapa Southwest adds 25,000 barrels/day, boosting Lapa field to 60,000. Three wells tie-back to FPSO. Repsol focuses on Brazil for growth, with Raia Project set for 2028.
11 March 2026
Port of Rotterdam: Demand Uncertainty Delays Hydrogen Terminal Investments
Investment in hydrogen terminals is stalled due to demand uncertainty, policy clarity, grid congestion, and infrastructure issues, with operations expected post-2030.
11 March 2026
TotalEnergies Launches Lapa South-West Project
The Lapa South-West project boosts production by 25,000 barrels/day, aligning with TotalEnergies' strategy for low-cost, low-emission growth in Brazil.
11 March 2026
ABO Energy and Field Launch Waldkappel Battery Storage Facility
The Waldkappel facility, with 16 MW output, stores energy for 10,000 homes. It features modular racks, enhancing installation speed and grid stability, supporting Europe's renewable energy goals.
10 March 2026
K+S Potash Canada: Bethune Ramp‑Up and CAD 2.5–3B investment to 2040
Bethune mine hit shipment and production records, signed a 30‑year Indigenous‑owned solar PPA, and plans CAD 2.5–3B Ramp‑Up to 2040 to boost output while reducing resource intensity.
10 March 2026
X-ELIO wins 30 MWac in Japan’s 27th solar FIP auction
Won 30 MWac across two Hokkaido projects in Japan’s 27th solar FIP auction, with bids at JPY 5.12/kWh and JPY 4.67/kWh.
10 March 2026
INA Completes Rijeka Refinery Upgrade
The Rijeka Refinery upgrade boosts capacity, reduces import reliance, and enhances energy security. A green hydrogen plant is planned, with completion expected by 2026.
10 March 2026
KT-Kinetics Technology Completes Rijeka Refinery Upgrade in Croatia
The project included a new delayed coking unit and process revamp, overcoming challenges like COVID-19 and geopolitical issues, with key stakeholders attending the completion ceremony.
10 March 2026
RWE Sells Polish Offshore Wind Project to PGE
PGE acquires 350 MW F.E.W. Baltic II project and Environmental Decision for site 44.E.1. RWE continues to support Poland's energy transition with onshore wind and solar projects.
10 March 2026
RWE and Vestas Finalize Turbine Deal for Vanguard East Wind Farm
92 turbines to power Vanguard East, with commissioning in 2030. Final investment decision expected in summer 2026. Project to supply electricity to 1.5 million UK homes.
10 March 2026
Covestro and Fraunhofer UMSICHT Launch Smart Pyrolysis Pilot for Foam Recycling
A 2kt/year pilot plant will recycle polyurethane foam into high-purity aniline for MDI, reducing carbon footprint by up to 40%. Operational by 2028, it targets hard-to-recycle rigid foam.
10 March 2026
ORLEN Confirms Gas Discovery in North Sea's Sleipner Area
Gas and condensate found in Frida Kahlo prospect, estimated at 7.2 million barrels. Production to start by 2026 using existing infrastructure, reducing costs and time.
10 March 2026
Equinor Finds Oil and Gas in North Sea
Oil and gas found in Troll and Sleipner areas, leveraging existing infrastructure. New discoveries support ongoing energy supply and exploration efforts on the Norwegian continental shelf.
10 March 2026
Aramco Reports Q4 and FY 2025 Financial Results
Strong 2025 financials: $104.7B net income, $85.4B free cash flow, 3.8% gearing. $85.5B shareholder distributions, AI-driven $5.3B value, 70% localization, gas expansion on track.
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