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Project Updates and Milestones news
(page 9)
26 May 2026
Sinopec launches first LNG cold‑energy cascade project
Qingdao LNG terminal's cold-energy cascade project advances to detailed design/construction, using low-temperature Rankine and efficient heat exchange to produce up to 26M kWh/yr and cut grid use/CO2.
25 May 2026
Lilly's VERVE-102 single infusion durably lowers PCSK9 up to 88% and LDL-C up to 62%
Phase 1b Heart-2: single IV base-editing dose gave dose-dependent, durable PCSK9/LDL-C reductions up to 18 months in HeFH/premature CAD; well tolerated; FDA Fast Track; Phase 2 planned.
25 May 2026
Eni approves FID for Baleine Phase 3 in Côte d’Ivoire
Phase 3 lifts oil from 60k to 150k bpd and gas from 80 to 200 MMcf/d. New FPSO. All gas for domestic power/industry. Phased fast‑track development to boost energy security and local growth
25 May 2026
Sines strengthens transatlantic digital connectivity
Telesur–EllaLink deal to build Caribbean Gateway cable linking the Caribbean, Europe, US and Brazil, boosting capacity and redundancy and EU digital resilience; boosts ZILS appeal for data infra
25 May 2026
AGC opens DX Innovation Hub at IIT Hyderabad
R&D and talent-development base for DX - integrates IT and manufacturing expertise, advances AI projects (anomaly detection, demand forecasting) and enables global deployment of skills and tech.
23 May 2026
MOL opens probe into Olefin-1 incident at Tiszaújváros
Cooperating with authorities; unit draining underway for damage assessment. Two discharged, seven hospitalized (stable). Psychological support provided. Fuel supply unaffected; other units operating.
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22 May 2026
Boehringer Ingelheim: CHMP backs JASCAYD (nerandomilast) for IPF and PPF
CHMP recommends EU approval after Phase III FIBRONEER trials showed slowed FVC decline in IPF and PPF; oral preferential PDE4B inhibitor already authorised in multiple countries.
22 May 2026
MOL obtains U.S. license to continue NIS negotiations
OFAC granted a license to continue negotiations to acquire a majority stake in NIS until 6 June 2026; talks enter final phase—significant progress, but some terms remain to be settled.
22 May 2026
EU awards €400m to 65 projects to decarbonise industrial heat
Across 10 EEA countries, projects deploy heat pumps, resistance, solar thermal and hybrids in sectors like pulp, steel, glass and food - avoiding 6.6M tCO2 over 10 years. Grant deals expected H2 2026.
22 May 2026
Eli Lilly's Foundayo (orforglipron) reduces body weight up to 13% in adults 65+
Once-daily oral orforglipron can be taken any time without food/water restrictions; showed significant 72-week weight loss across ages and diabetes status; safety consistent; GI AEs common.
22 May 2026
Merck secures CHMP positive opinion for KEYTRUDA + Padcev in cisplatin‑ineligible resectable MIBC
CHMP backed perioperative regimen for cisplatin‑ineligible resectable MIBC after Phase 3 KEYNOTE‑905 showed significant EFS, OS and pCR gains; EC decision due by Q3 2026; FDA cleared Nov 2025.
22 May 2026
Novo Nordisk: CHMP recommends Wegovy pill (oral semaglutide), the first oral GLP‑1, for EU approval
Oral semaglutide showed 16.6% mean weight loss (OASIS4, adherent); SELECT data added to label for CV risk reduction; no drug-drug restrictions; planned launch outside US H2 2026.
22 May 2026
Port of Rotterdam demonstrates safe ship-to-ship ammonia bunkering (MAGPIE)
Full-scale ship-to-ship ammonia bunkering demo found bunkering can be done safely in active ports if planned with robust safety, equipment and regulatory frameworks; report gives practical guidance.
22 May 2026
GreenLine Mobility expands LNG truck deployment with Tata Steel
LNG trucks flagged off at Meramandali to cut long‑haul emissions; fleet 1,000+ LNG/EV trucks, 90M+ km, >24,000 tCO2 saved; target 10,000 trucks and 100 LNG stations.
21 May 2026
PCC SE: Stable Q1 EBITDA amid 12% sales drop
EBITDA fell 2.9% to €13.0m while sales dropped 12% to €221.0m; EBT improved on exchange-rate effects; Trading & Services and logistics strengthened; bond repaid €21.0m.
21 May 2026
Repsol’s 825 MW Pinnington solar plant enters commercial operation in Texas
Reached COD 2.5× faster than peers; built by Black & Veatch/OCI. Created ~700 construction jobs, 1.5M panels, cuts ~1M t CO₂/yr, boosts ERCOT capacity and grid resilience.
21 May 2026
Eni inks long-term LNG deals in Indonesia
Three long-term deals secure ~2 MTPA LNG from Kutei Basin; supply via Bontang LNG, reactivating one idle train to maximize use of existing infrastructure.
21 May 2026
Rely wins Power2X EPC for 20MW Djewels green hydrogen plant in Delfzijl
Project reached FID/NTP and moves into construction. Will use John Cockerill pressurized alkaline electrolysis; first hydrogen expected mid‑2028; plant ties into local Chemical Park and Nobian.
21 May 2026
Eni CCUS Holding secures £500m+ financing facility for CCS platform
Facility backs Liverpool Bay CCS (operational 2028; 4.5 Mt/yr rising to 10 Mt by 2030s), funds other projects (L10, Bacton, Ravenna option); 13-bank syndicate; 30% built
21 May 2026
PureCycle and Reliable Caps launch closures made with PureFive recycled polypropylene (up to 75% PCR)
Bright white, colorable closures using certified, domestically sourced recycled PP; FDA-grade and GreenCircle‑certified, suited for contact‑sensitive food, beverage and personal‑care packaging.
21 May 2026
EIF commits €200m to Copenhagen Infrastructure Partners' Advanced Bioenergy Fund II
€200m backing to scale biomethane in Europe via greenfield anaerobic‑digestion plants converting agricultural waste; fund targets €1.5bn and aims to strengthen energy security.
21 May 2026
Hycamite plans 200 kt/yr graphite plant in Finland
EU CRMA status and new tech enable a phased Finnish project: Phase 1 demo starts next year; full scale could reach 200 kt/yr (~40% of EU battery graphite demand), serving batteries and industry.
21 May 2026
Lilly’s retatrutide achieves up to 30% weight loss in Phase 3 TRIUMPH-1
Phase 3 TRIUMPH-1: three doses met endpoints at 80 weeks with dose-related, substantial weight loss. 104-week extension in BMI≥35 showed further loss; cardiometabolic markers improved; GI AEs common.
21 May 2026
Starck International develops agricultural terminal at North Sea Port
14‑ha Vlissingen terminal to consolidate bulk agricultural flows for storage, transshipment and circular animal‑feed processing. Fast start in existing warehouses; creates dozens of jobs.
21 May 2026
Equinor to expand in Northern Norway after 50 years
Produces >500k boe/d in northern Norway; supplier spend to NOK4bn by 2025. Developing Isflak and Drivis/Tubåen tie‑backs, drilling 1–2 wells/yr, targeting +200–500M barrels.
21 May 2026
ADNOC deploys Taurob heavy‑duty inspection robot and co‑develops operator robot
Inspector robot conducts autonomous hazardous-site inspections with LiDAR and thermal imaging. A heavy-duty operator robot to lift, grip and turn valves in extreme temperatures — operational 2026.
21 May 2026
Gasunie, Open Grid Europe and Thyssengas to develop Netherlands–Germany hydrogen corridor
Cross‑border hydrogen link planned between Zevenaar and Elten by 2031, reusing existing gas pipelines; first phase connects the Rhine‑Ruhr region, later southern hubs such as Ludwigshafen
21 May 2026
EemsGas secures €149.8m SDE++ operating subsidy for biomethane production
Project (>€100m) will build a demolition-wood gasification plant producing 18M m3/yr biomethane. Earlier €30m DEI+ grant. Construction 2027, operation 2029. Subsidy secures 15‑yr revenue
21 May 2026
EnviTec Biogas to deliver first EnviThan plant in Denmark for Gasum
935 Nm3/h upgrading unit in a 45-ft container with SEPURAN Green membrane, ready to feed the gas grid by year-end; enables plant to raise output from 40 to up to 70 GWh/yr.
21 May 2026
Kemira and CuspAI design AI‑generated PFAS‑removal materials
Generative AI designed novel MOFs targeting PFAS (GenX, PFBS, PFOS), screened ~300T structures, yielded 5,000 candidates narrowed to ~20 in six months; next phase: development and testing
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