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(page 35)
27 May 2026
Worley Rosenberg wins Subsea7 contract to fabricate Equinor Fram Sør subsea structures
Will fabricate 34 subsea structures (PLEMs/PLETs/PLRs); steel cutting in June; delivery H1 2027. Project ties back to existing infrastructure and Troll C; peak >80 staff.
27 May 2026
Vattenfall installs SSAB low‑emission steel at Juliusburg/Krukow solar park
At Juliusburg/Krukow 80 MWp solar park, low-emission steel made from nearly 100% scrap cuts substructure CO₂ by 67% (460→153 t), reducing construction supply‑chain emissions.
27 May 2026
AkzoNobel to file SEC F-4 for Axalta merger; rejects Nippon Paint/Sherwin-Williams cash offer
Boards said the proposal undervalued the company, lacked regulatory/divestment certainty and failed to protect stakeholders; they unanimously back the planned merger and will provide updates.
27 May 2026
Sinopec Shengli Jiyang shale oil zone surpasses 2 million tons, advances low‑maturity development
59 wells >100 t/day (max 263); output rising to 700,000 t in 2025; drilling cut 133→17 days for 6,000m wells; proven reserves 327M t, resources 1.05B t; target 3M t/yr.
27 May 2026
Mitsui Chemicals’ mass-balance biomass plastics adopted for Toshiba molded transformers
Mass-balance biomass plastics used in molded transformer parts and coils, compliant with 2026 Top Runner efficiency rules, support carbon-neutral value chains while matching petroleum performance.
27 May 2026
Clariant FAMAX catalysts boost performance at two Yihua formaldehyde plants in China
Two world-scale plants (100 & 120 kt/a) started, cutting energy use, boosting productivity and yields, lowering pressure drop by 10-15%, extending catalyst life; VOC off-gas control ≈99% conversion
News type
Project Updates and Milestones
New Projects and Expansions
Mergers, Acquisitions, and Partnerships
Innovation and Product Development
Operational Changes and Investments
Sustainability and Environmental Initiatives
Financial Performance and Strategy
Executive Appointments and Governance Changes
Regulatory and Compliance Updates
Workforce and Corporate Social Responsibility (CSR)
Crisis and Risk Management
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27 May 2026
Woosh, Borouge & BlueAlp close diaper-plastic loop with ISCC‑certified pyrolysis oil
Used diaper plastics collected, mechanically separated and chemically recycled into ISCC‑certified pyrolysis oil for new polymer production, demonstrating industrial-scale circularity in Europe
27 May 2026
Asahi Kasei Life Science licenses Noguchi Institute’s precision ADC technology
Novel ADC modality enables precise DAR and attachment-site control for single- and dual-payload ADCs, improving predictability of efficacy/safety; will be commercialized and co-developed.
27 May 2026
Mitsubishi Chemical to Discontinue Certain Epoxy Resins at Tokai Plant
Some epoxy grades (BPA, BPF, and related formulations) will cease around Sep 30, 2027 due to aging equipment and weak market; certain items may be outsourced while focus shifts to semiconductor resins.
26 May 2026
CATL and Solarpro commission Bulgaria’s largest 602 MWh battery storage
Adds 10% to national storage, supports wind/solar integration and grid stability using a zero‑degradation 6 MWh‑class energy storage system.
26 May 2026
POSCO Future M secures mass‑production tech for silicon anodes
Targets mass production and supply in 2028; material delivers more than four times graphite energy and retains over 80% capacity after 1,000 cycles at ≥20% blend.
26 May 2026
Avantium and Heynen prototype releaf PEF cushion for bedding and upholstery
Prototype cushion uses plant-based PEF (releaf) to trial automated foam encapsulation in bedding/upholstery, assessing performance and sustainability; shown at Interzum Forum Italy, 4-5 June 2026
26 May 2026
WACKER to reduce stake in Siltronic
Announces a corporate transaction and warns that access restrictions in the preceding filter must be acknowledged before the information is displayed.
26 May 2026
WACKER sells 2.1 million Siltronic shares, raising €188 million
Placed at €89.35 each (7% of capital), reducing stake to ~24%; private accelerated bookbuild to qualified/institutional investors; proceeds to strengthen finances and fund growth.
26 May 2026
BASF and Arva partner to supply verified low‑CI grain for 45Z biofuel tax credits
Collaboration links biorefineries to verified low-CI grain via farmer-direct and commercial channels, delivering audit-ready CI scores, traceability and turnkey 45Z administration.
26 May 2026
Evonik partners with University of Guanajuato on sustainable, lower-toxicity mining chemicals
Academic-industry collaboration to develop biosurfactant-based, lower-toxicity chemicals for mining, accelerating market rollout while reducing environmental impact.
26 May 2026
PureCycle Granted Thailand FastPass for Rayong Polypropylene Recycling Facility
Certificate valid May 6, 2026 - Dec 31, 2028; accelerates approvals and permits; requires ≥20% of stated investment within six months; at IRPC eco-industrial zone; supports 1B-lb recycling by 2030.
26 May 2026
Repsol opens 200,000 t/year renewable diesel plant in Puertollano
€130M plant converts waste oils into renewable diesel for road, truck and ship use, avoiding ~700,000 tCO2/yr lifecycle; uses renewable H2 (€16M), enables SAF, jobs and circularity.
26 May 2026
BP removes chair Albert Manifold
Board unanimously removed Albert Manifold as Chair and director over governance, oversight and conduct concerns. Ian Tyler named interim chair; succession for permanent chair to begin.
26 May 2026
AkzoNobel supplies coatings for Songyuan green energy park
Songyuan phase-2 park runs on 100% renewables, targeting 45,000 t/yr green H2 and 200,000 t/yr green ammonia/methanol; protective systems reduce VOCs and guard assets from corrosion, CUI and heat.
26 May 2026
Lilly acquires three companies to expand infectious disease portfolio
Adds a better-tolerated shingles vaccine, bacterial-toxin vaccine platform for S. aureus, N. gonorrhoeae and C. trachomatis, and nanoparticle EBV vaccine tech; deals include milestone payments.
26 May 2026
BASF appoints Haryono Lim President & Chairman, Greater China
Incoming leader for Greater China will assume the Shanghai role on July 1, 2026; current head Dr. Jeffrey Jianfeng Lou will leave. He previously led Mega Projects Asia in Zhanjiang.
26 May 2026
X-Press Feeders completes Rotterdam’s first ethanol bunkering
Eco Levant received separate ISCC-certified loads: 90% biomethanol and 10% second-gen ethanol. Delivered by one inland bunker vessel, blended onboard. Shows fuel flexibility and CO2-reduction potential.
26 May 2026
LKAB granted permit for Luleå critical‑minerals industrial park
Plan enables extraction of phosphorus and all 17 rare earths from iron‑ore residues; demo plant nearing operation; supports EU supply security, regional jobs; full investment pending tests.
26 May 2026
AGC Biologics Starts NN4101 Bispecific Antibody Development and GMP Production
With Novelty Nobility, moves Copenhagen cell‑line/MCB work to GMP manufacturing in Chiba from May 2026. Targets retinal neovascular disease; global cGMP network enables tech transfer.
26 May 2026
Chugai wins Imperial Invention Prize for recycling antibody technology
Recycling antibody tech uses pH‑dependent binding so one antibody binds multiple targets, increasing sustained efficacy, allowing lower doses, subcutaneous administration and longer dosing intervals.
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
Stora Enso to close Skutskär L3 softwood pulp line and refocus on fluff pulp
Planned permanent closure of Skutskär fiberline L3 softwood pulp; up to 80 roles at risk; production halt targeted Q3–Q4 2026; fluff production will continue and may expand.
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
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