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Sustainability and Environmental Initiatives news
(page 17)
26 March 2026
BASF opens world-scale Verbund site in Zhanjiang, China
World-scale integrated chemical site with 2,000 staff; basic, intermediate and specialty chemicals; 100% renewable power; 1 Mt/yr ethylene cracker with e-drive compressors; up to 50% lower CO2; €8.7bn
26 March 2026
KazMunayGas 2025 Financial Results
Revenue +12.5% to 9,371 bln KZT; EBITDA +19.6% to 2,393 bln; net profit down to 1,072 bln; net debt cut to 375 bln; production +10%; FCF +2.8%
25 March 2026
EU dialogue on cement industry's low‑carbon transition
Stakeholders urged lead markets, funding (Industrial Decarbonisation Bank), standards, CCS, CO2 transport & storage, skills, stable ETS to speed decarbonisation and competitiveness
25 March 2026
Petrobras and Finep launch R$30m biorefining R&D call
R$30m R&D call for biorefining to develop low‑carbon biofuels from residual feedstocks via biotechnological routes; part of a Technological Ecosystems initiative (up to R$120m). Deadline 29/5
25 March 2026
PureCycle secures €40M Innovation Fund grant for Antwerp PP recycling plant
Will build a 59,000 t/yr PureFive® polypropylene recycling plant in Port of Antwerp-Bruges (ASTRA PP), using P&G dissolution tech; targets 85% GHG reduction and EU regulatory compliance
25 March 2026
WuXi Biologics Posts Record 2025 Results on Digital‑Native Operations
Revenue +16.7%, IFRS gross profit +30.9%, gross margin up 5ppt to 46%, adjusted gross profit +25.5%. Built intelligent labs, predictive analytics and a cloud client portal to speed development.
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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
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
Tecnimont (MAIRE) wins $50m rehabilitation study for Guaracara refinery in Trinidad & Tobago
Assessment and rehab study for 150kbpd Guaracara refinery: technical/integrity checks, energy/environment review, water/cooling engineering; CAPEX/OPEX estimates. Phases 1-2 by early 2027
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).
24 March 2026
Toray announces TORAY VISION 2050, TORAY Challenges 2035 and IGNITION 2028
Launches a 2050 sustainability vision and a 2035 strategy with five priorities: growth, business-model change, genba-ryoku/supply-chain resilience, DX and HR. 2028 targets: ¥3T rev, ¥230B core OP, ROIC ~7%
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
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
UPM and Paramelt launch bio-based paper food packaging
Bio-based paper food-packaging with strong grease barrier at low coat weights. Recyclable and home-compostable. Runs on existing packaging lines; suited to bakery/fast-food
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
Veolia acquires Enviropacific for AUD220m to expand PFAS treatment in Australia
Boosts PFAS and soil remediation capacity in Australia via acquisition, integrating tech, field operations and infrastructure to scale cleanup, drive revenue growth and synergies.
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
Equinor adds 230 MW Esquina do Vento wind complex in Brazil
Acquired ready-to-build 51-turbine onshore wind complex; expands onshore renewables and storage platform, supports integrated wind/solar/trading strategy, targets ~1 TWh/year and double-digit returns.
23 March 2026
Ercros: EcoVadis Gold, 85/100
Ranks in the 98th percentile; environment & ethics 91, labour & human rights 90. Advanced management, many KPIs provided; 100/100 for endorsements, measures and certifications
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.
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.
19 March 2026
EU invests €330m in fusion and nuclear R&D and skills
Work Programme funds fusion-to-grid R&D, a PPP, startups, skills and facilities; supports fission research on waste, safety, materials, medical isotopes and talent mobility.
19 March 2026
Croda opens Dahej manufacturing facility in India
New Dahej plant boosts supply for Life Sciences, Consumer Care and Industrial sectors; uses low‑carbon power, ZLD, RSPO feedstocks, advanced ops, safety focus and women-led packaging.
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