Project Updates and Milestones news (page 12)

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  12 May 2026

  Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical agree 45/45/10 equity split for western Japan ethylene JV

  Plan to integrate western Japan ethylene assets: close Mizushima plant by 2030 and consolidate operations at a single site to decarbonize, optimize capacity and strengthen competitiveness.
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  11 May 2026

  PTT Global Chemical Tops S&P Global Sustainability Ranking for 7th Year

  Ranked Top 1% in S&P Global CSA for seven consecutive years; the first company to do so. Named Sustainability Yearbook Member 13 years and added to Dow Jones Best‑in‑Class World and Emerging indices.
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  11 May 2026

  Covestro to install Dormagen steam compressor, cutting Germany energy use 2%

  Heat-pump upgrade will save ~40,000 t CO2/yr, cut low three-digit GWh energy use; investment low double-digit million euros; expected operation mid-2027.
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  11 May 2026

  LanzaTech selects North Sea Port, Ghent for Europe’s first commercial ATJ SAF plant

  €500M ATJ project targeting 79,000 t/yr SAF and 9,000 t/yr renewable diesel; EIA scoping filed; ~50 permanent jobs and ~300 FTE construction; FEED complete; EU Horizon support.
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  11 May 2026

  BASF Agricultural Solutions opens BioHub fermentation plant in Ludwigshafen

  High double‑digit €m investment started commercial fermentation of biological crop actives (B. amyloliquefaciens, P. coprobium), boosting production flexibility and supply resilience.
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  11 May 2026

  RIFT expands Iron Fuel plans to Rotterdam

  Reserved Maasvlakte with Port of Rotterdam to advance commercial-scale Iron Fuel projects; Rotterdam complements Antwerp with infrastructure, logistics and low-carbon hydrogen

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  11 May 2026

  Ørsted and PGE start Baltica 2 offshore installation

  First foundations installed for a 1.5 GW offshore wind farm. 111 monopiles (107 turbine, 4 substation) to be installed through Q4 2026; commissioning expected in 2027; 25-yr CfD.
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  11 May 2026

  GSK partners with Sino Biopharmaceutical (CTTQ) for exclusive China launch of bepirovirsen

  Potential first-in-class CHB treatment under priority review in China; deal provides access to 5,000+ medical centres at launch, local import/distribution, hospital access and initial 5.5-yr supply.
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  11 May 2026

  Aurubis reports stronger Q2 and raises full-year forecast

  Q2 operating EBT €121m (+15% q/q); H1 EBT €226m; H1 EBITDA €351m (+3%). Net cash flow €161m, down on higher inventories. ROCE 8.1% as €1.7bn projects near completion; new recycling plants ramping up.
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  11 May 2026

  Sumitomo Corporation: Noirmoutier 500 MW Offshore Wind Farm in France Begins Commercial Operation

  Construction complete; commercial operation started. 12 km offshore; ~25‑yr life. Annual output ≈ supply for 800k users. Power sold under long‑term fixed‑price PPA; financed via syndicated loan.
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  11 May 2026

  Sinopec’s first deep coal‑seam gas well surpasses 50 million m³ cumulative production

  First deep coal-seam gas risk-exploration well: >50M m³ cumulative, 27,000 m³/day. Deployed 2022, producing since 2023; data-driven optimization and fluid/sand/fines control sustain stable production.
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  11 May 2026

  Shanghai Petrochemical commissions phase‑one of 30,000‑t large‑tow carbon fiber project — China’s largest 48K single‑line

  Phase-one (2 lines) of a 30,000-t large-tow carbon-fiber project in Ordos began production. Single-line >3,000 t (48K); +50% capacity, 188-day build, >60% green power
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  9 May 2026

  Uniper demolishes Scholven towers D & E for H2-ready CCGT

  Two 114 m cooling towers were demolished at 11:00; ~15,000 t of concrete will be recycled for site backfill. Demolition used a coordinated safety plan; no resident evacuations.
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  8 May 2026

  argenx: FDA expands VYVGART/VYVGART Hytrulo approval to all adult gMG patients

  Phase-3 ADAPT SERON: VYVGART showed rapid, significant, sustained improvements across anti-MuSK, anti-LRP4 and triple-seronegative gMG; safety consistent; IV/SC options; access support.
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  8 May 2026

  Petrobras RNEST sets April diesel S‑10 record — 385 million L

  Upgrades (2025 revamp) raised capacity to 130 kb/d, lifting refined‑fuel output ~60% y/y; R$12bn to finish train‑2 to reach 260 kb/d by 2029, boosting energy security and cutting imports.
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  8 May 2026

  INA, MOL and Syrian Petroleum Company discuss reactivating INA’s Syria operations

  Three-day talks assessed restarting oil and gas operations. Joint experts will evaluate technical, operational, commercial and regulatory prerequisites and set a reactivation roadmap.
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  8 May 2026

  Clariant Q1 2026: Resilient performance amid Middle East conflict

  Q1 sales down 2% (CHF918m); EBITDA margin fell to 17.5% (-130bp). Free cash-flow conversion rose to 54%. CHF80m savings program on track; 2026 guidance unchanged amid conflict
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  8 May 2026

  MOL Group Q1 2026: USD 212m profit amid supply disruptions and price controls

  Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
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  8 May 2026

  Evonik Q1: €475m adjusted EBITDA, outlook confirmed

  Q1 sales fell 9% to €3.43bn; volumes -2%, prices -1%; margin down to 13.9%; net income halved to €125m; Q2 aided by customer pre‑buying; CFO change and 1,000 job cuts planned
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  7 May 2026

  argenx Q1 2026 Financial Results & Business Update

  Q1 product sales $1.3B (+63% YoY); profit $366M; PDUFA May 10 for seronegative gMG; VYVGART label expansions, multiple pipeline readouts in 2026–27; cash $4.9B
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  7 May 2026

  Worley appointed feasibility advisor for St George’s Araxá niobium and rare earths project

  Appointed feasibility advisor to provide consulting and engineering for feasibility studies, metallurgy and process, mine planning, plant/tailings design, procurement and construction.
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  7 May 2026

  Borouge expands UAE logistics network with Gulftainer and Etihad Rail partnerships

  Agreements secure East Coast export access, streamline inland logistics, and create an integrated rail corridor from Ruwais to ports—boosting multimodal resilience, predictability and lower emissions.
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  7 May 2026

  EU, Brazil and China launch Open Coalition on Compliance Carbon Markets

  New coalition to strengthen domestic carbon markets: improve MRV, accounting, transparency and offsets. Open to nations with national compliance schemes; New Zealand and Germany have joined.
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  7 May 2026

  Fluor wins feasibility study for Anglo American’s Woodsmith mine in UK

  Selected for feasibility study; contract value recognized in Q2 2026. Mine to extract polyhalite via deep shafts and a 37 km conveyor to Teesside; target 13 Mt/yr; tunnelling underway
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  7 May 2026

  PureCycle Achieves A3 CosPaTox Rating for Leave‑On Cosmetic‑Grade PureFive Resin

  Independent study shows dissolution recycling converts post‑consumer polypropylene into A3 leave‑on cosmetic grade resin commercially, removing contaminants, retaining performance and lowering CO₂
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  7 May 2026

  Moeve Q1 2026 Clean CCS EBITDA €506m, ramps Spain energy-transition capex

  Q1 net income €147m; capex €272m (69% to energy transition); operating cash flow €283m; FID for 300MW Andalusian green hydrogen; non-binding talks with Galp; net debt €2.56bn (1.6x).
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  7 May 2026

  EU awards €1.09bn to nine hydrogen projects via European Hydrogen Bank

  Selected projects across seven EEA countries will add ~1.1 GW electrolyser capacity, produce >1.3 Mt H2 over 10 years, avoid ~9 Mt CO2e; premiums €0.57–€3.49/kg; Spain/Germany add €1.7bn
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  7 May 2026

  Iberdrola sells 5 TWh in Italy via long-term PPAs

  Signed five agreements with major Italian chemical, manufacturing and food firms, backed by 90 MW new PV under Energy Release 2.0 to provide stable, competitive, decarbonised supply.
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  7 May 2026

  SPIE Joins Consortium to Build PanTera Actinium‑225 Production Facility in Mol

  Consortium to build facility boosting production of a cancer radioisotope; scope includes HVAC, sanitation and technical gases. Construction started; equipment integration planned late 2026.
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  7 May 2026

  Eni’s Geliga‑1 DST confirms ~200 MMSCFD gas and 10,000 bpd condensate offshore Indonesia

  Large Miocene gas/condensate discovery in Kutei Basin (~5 Tcf gas, 300mmbbl condensate); adjacent Gula adds ~2 Tcf. POD to fast‑track a third hub; studies assess adding Bontang LNG capacity