Project Updates and Milestones news (page 13)

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  7 May 2026

  TA’ZIZ Secures $2B Financing for UAE’s First World-Scale Methanol Plant

  Oversubscribed financing via 11-bank syndicate with conventional and Islamic facilities, priced to benchmarks. EPC awarded; construction under way for 2028, boosting domestic chemicals value chain.
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  7 May 2026

  MAIRE’s Nextchem awarded licensing and PDP for urea-to-DEF plant in Virginia

  Licensing & PDP won for a 700 STPD urea melt plant in Virginia, fully integrated to convert all urea to DEF; FID/NTP targeted H1 2027; reflects rising DEF demand from tighter emissions.
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  7 May 2026

  Statkraft Q1 results strong despite lower production

  Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
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  6 May 2026

  Moeve's Spain-first IPA plant wins Expoquimia 2026 Best in Class

  Best-in-class award for Spain’s first isopropyl alcohol plant; facility secures domestic IPA supply and can produce from renewable, ISCC Plus‑certified inputs.
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  6 May 2026

  PureCycle Technologies Q1 2026 Results

  Ironton turnaround finished early/under budget; record 8.4M lb production (~10M lb feedstock); 5th consecutive revenue growth; two P&G approvals; Q1 net loss $33.4M; liquidity $131M.
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  6 May 2026

  OMV invests €65m in Schwechat Innovation Hub

  New Schwechat hub (8,120 m²) will house labs, pilot plants and a technical centre with 50 workstations and space for up to 15 test facilities. Construction 55% done; start-up H1 2027.

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  6 May 2026

  Borouge: First XLPE from Borouge 4 to support UAE energy sector

  New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
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  6 May 2026

  Eli Lilly commits $4.5B to Indiana manufacturing, opens first genetic‑medicine facility

  Buildout now totals $21B in Indiana since 2020; upgrades at Lebanon API to produce Foundayo, Zepbound/Mounjaro and retatrutide; project to scale API capacity and boost regional jobs and GDP.
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  6 May 2026

  Carbon Neutral Fuels' Project Starling completes FEL3A, advancing UK eSAF deployment

  FEL3A completed for UK eSAF project: integrated design and 3D model, Class 3 cost estimate. Targets 25,000 tpa by 2031 with ~95% lifecycle GHG reduction; DAC integrated.
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  6 May 2026

  Delfin Midstream secures 20‑year, 0.3 Mtpa LNG deal with Gunvor

  LNG delivered FOB from an FLNG facility 40 nm off Louisiana, using a brownfield deepwater port, UTOS pipeline acquisition and federal approvals to support long-term exports.
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  6 May 2026

  TA’ZIZ and Alpha Dhabi to invest $10bn in UAE chemicals

  Study to develop up to 14 industrial chemicals, adding ~2.2 mtpa capacity in Al Ruwais to support import substitution, local supply‑chain resilience and MIITE industrial strategy.
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  6 May 2026

  Equinor Q1 2026 results

  Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
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  6 May 2026

  CATL and HyperStrong sign 60GWh sodium‑ion energy‑storage supply pact

  Three-year sodium‑ion energy-storage deal to industrialize mass production: higher energy density, manufacturing fixes for consistent output, improved safety, and Li‑ion form‑factor compatibility
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  6 May 2026

  Heidelberg Materials Q1 2026: solid start

  Q1 revenue and RCO down; cost measures & Transformation Accelerator saved €405m; acquisitions in Australia and Turkey; new efficient kiln; dividend +9% and buyback continue; outlook confirmed.
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  6 May 2026

  SPIE Wind Connect to connect and test 66 kV inter‑array cables at Baltyk II & III

  Offshore phase starts Q2 2026. Two Polish farms total ~1,440 MW (720 MW each), ten strings of five turbines; end-turbine 400 mm², 1,000 mm² to OSS, powering >2M homes.
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  6 May 2026

  Ørsted Q1 2026: Strong operational performance

  EBITDA DKK 9.5bn; offshore generation +27% y/y. First power from Revolution Wind; Sunrise Wind turbines installed; monopiles started at Hornsea 3/Baltica 2. FY EBITDA guidance > DKK28bn
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  5 May 2026

  Iberdrola upgrades Valdecañas pumped storage, adding 355 MW and 210 GWh

  Valdecañas pumped-storage started pumping, linking Alcántara and Valdecañas reservoirs into a gigabattery with a hybrid battery, aiding renewables integration, grid stability and flood control
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  5 May 2026

  Johnson & Johnson: TREMFYA (guselkumab), first IL‑23 inhibitor to show efficacy in perianal fistulizing Crohn’s disease

  Phase 3 FUZION: Week‑24 combined fistula remission 28.3% (100 mg q8w) and 27.0% (200 mg q4w) vs 10.3% placebo; safety profile consistent; CHARGE head‑to‑head trial initiated.
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  5 May 2026

  Heidelberg Materials commissions 1.25 Mt/yr Airvault kiln line to improve efficiency and reduce CO2

  1.25 Mt/yr dry kiln replaces old lines; enables ~90% alternative fuels, reduces electricity ~10% and CO2 ~30%; €350M upgrade includes calcined-clay use and CCUS (1 Mt/yr).
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  5 May 2026

  LANXESS Lewatit MDS TP 108 Removes >99.9% PFAS at Chemours

  Selective monodisperse ion-exchange resin removed >99.9% of fluorinated organics in wastewater, targeting short-chain PFAS via a 3-stage RO, carbon, resin cascade; spent resin incinerated.
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  5 May 2026

  Lilly's Omvoh first IL-23p19 to show durable four-year disease clearance in ulcerative colitis

  Mirikizumab showed durable disease clearance in moderate-severe ulcerative colitis: 63.5% who cleared at 1 year sustained it at 4 years; stringent remission 61.3%; safety profile consistent.
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  5 May 2026

  TA’ZIZ signs $28.5bn offtake and feedstock agreements to expand UAE chemicals ecosystem

  Long-term offtake and feedstock deals worth $28.5bn secure global markets and local inputs for methanol, PVC, EDC/VCM, caustic soda, salt and gas, supporting 4.7 mtpa chemicals output by 2028
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  5 May 2026

  Statkraft and SUNCATCHER to market three German solar‑battery projects

  Agreement to market three hybrid solar+storage sites (34.5 MWp PV, 12 MW/24 MWh batteries) to be commissioned H2 2026; batteries solar‑charged; profit‑share model; runs to 2031.
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  5 May 2026

  Equinor starts Eirin gas production to Europe

  Eirin field started gas exports to Europe via Gina Krog/Sleipner A. ~27.6 million boe, NOK4.5bn cost; tied-back subsea built in three years; extends Gina Krog life to 2036; ~3 kg CO2/boe.
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  4 May 2026

  Johnson & Johnson: IMPACT pilot finds planned Impella 5.5 safe and feasible in high‑risk non‑shock cardiac surgery patients

  IMPACT pilot (N=100) found planned pre‑CPB Impella 5.5 in non‑shock, high‑risk cardiac surgery (LVEF≤35%) was safe and feasible with low device‑related events; investigational.
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  4 May 2026

  ADNOC launches Industrial Resilience Program to strengthen UAE manufacturing and supply chains

  Five initiatives to boost local manufacturing, prioritize Made in the Emirates, add ICV+ incentives and a Multiplier tool, plus long-term demand visibility to shore up supply-chain resilience
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  4 May 2026

  OMV Petrom & ROMGAZ begin Neptun Deep pipelaying in the Black Sea

  Pipelaying begins for 160 km Neptun Deep subsea gas line; Castoro 10 on site. ~50-vessel mobilization; subsea systems, platform and wells targeted to deliver first gas in 2027
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  4 May 2026

  Equinor extends NOK 17bn drilling and well-services contracts on Norwegian continental shelf

  Exercises 1–2 year options on drilling and well-service contracts; secures specialist frameworks to sustain production, preserve ~2,500 jobs and raise pace, efficiency and standardisation.
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  3 May 2026

  ADNOC to award AED200 billion in projects to accelerate strategy

  Accelerates project delivery (2026–28), boosts UAE manufacturing and In‑Country Value by linking EPCs with 70 vetted local suppliers; launches Value Connect to match ~1,000 firms
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  1 May 2026

  Petrobras starts Búzios 8 (P-79) production

  Brought online three months early, FPSO adds 180,000 bpd and 7.2M m³/d compression, raising field capacity to ~1.33M bpd; 14 wells planned and up to 3M m³/d gas export.