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(page 37)
21 May 2026
QatarEnergy, Egypt and ExxonMobil sign MoU to study Cyprus gas via Egypt LNG
MoU to study commercializing Cyprus gas via Egypt’s existing gas and LNG export infrastructure, explore flexible frameworks, boost Eastern Mediterranean integration and supply diversification.
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
Iberdrola signs 10-year PPA with Gonvarri Industries for 26,000 MWh/year
PPA covers eight production sites in four European countries, with 100% guarantees of origin (80% wind/20% solar). It secures stable, competitive supply to boost electrification and decarbonisation.
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.
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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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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
Croda launches Beauty of Zero for zero‑impact beauty
New programme targets zero‑impact beauty across six pillars (NetZero, Waste, Biodiversity, Water, Exploitation, Ambiguity) using biotech ingredients, renewable sourcing, LCA metrics & circularity.
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
Asahi Kasei develops PSPI film for panel-level semiconductor packaging
New photosensitive polyimide film combines liquid PSPI and dry-film photoresist for uniform lamination on large panels, enabling finer circuits, extra insulating layers and higher yields.
21 May 2026
Shofu, Tosoh, Mitsui Chemicals, Orbray launch zirconia dental-waste recycling project
Verification project to recycle zirconia dental milling waste into regenerated raw material and remanufactured blocks for reuse; practical use targeted by FY2028 with dental labs.
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
21 May 2026
Equinor and Aker BP align to accelerate NCS development
Strategic tie-up to align ownership and speed NCS developments: 19% sale in Ringvei Vest, 38.16% Frigg UK divestment, Wisting stake to 42.5%; $23M; effective 1 Jan 2026, pending approvals.
20 May 2026
Sunfire unveils 50 MW HyLink Alkaline 23 electrolyzer
50 MW alkaline electrolyzer for large-scale projects unveiled; CEO ties green hydrogen to European energy security and sees RED III driving up to 5 GW demand.
20 May 2026
GRILLO-Werke AG divests Metra Non‑Ferrous Metals to Hypax
Closed end of April; buyer will run the non‑ferrous metals business as a standalone growth platform while seller concentrates on core zinc and sulphur chemistry.
20 May 2026
BASF Coatings named GM 2025 Supplier of the Year
Named 2025 Supplier of the Year at a 34th annual Austin event for outstanding performance, innovation and partnership; one of 103 global awardees; readies for Carlyle ownership transition in Q2 2026.
20 May 2026
Petrobras acquires 49.99% stake in Lightsource bp Brazil renewable JV
Completed formation of an equal‑managed JV in Brazil's onshore renewables, including Milagres 212 MWp PV, energy storage and advanced projects; supports 2026–2030 business plan.
20 May 2026
Gasunie opens first 32-km section of Dutch hydrogen network
King and minister inaugurated the first pipeline segment. Network planned ~1,200 km via repurposed gas pipelines, linking Dutch industry to Germany and Belgium; first plant now connected.
20 May 2026
BASF to sell silicates business and Düsseldorf assets to PQ
Silicates business and Düsseldorf assets to be sold; closing expected H2 2026. Buyer will keep operations, ensure continuity and grow the business; financial terms undisclosed.
20 May 2026
Vattenfall opens 139 MW Bruzaholm wind farm
Park in Eksjö will produce ~460 GWh/yr; ~50% allocated to Volvo under a long-term PPA. Features 38 MW/38 MWh battery, local financial support and biodiversity measures
20 May 2026
Axens and XCF Global collaborate to commercialize Vegan HEFA technology
Deal to accelerate Vegan HEFA deployment for SAF and renewable diesel: licensor retains global licensing; partner may offer project development, construction and operations. Initial term three years.
20 May 2026
BASF refocuses on growing core businesses under Winning Ways
Core Transformation Office, led by Julia Raquet, launches CoreShift to cut net cash fixed costs up to 20% by 2029, simplify operations, harmonize processes and roll out ERP and AI.
20 May 2026
Covestro opens TPU Application Development Center in Guangzhou, China
New TPU AD Center links Zhuhai production and Changhua R&D, offering extrusion/injection simulation, compounding, color and pilot film lines to speed APAC solutions
20 May 2026
BASF and Cromology convert end‑of‑life tires into binder for Tollens Maxiline+ wall paint
Chemically recycled styrene-acrylate binder from tire pyrolysis oil used in interior wall paint via mass-balance. REDcert² certified; 10 L ≈ 2 tires; reduces fossil feedstock and CO₂.
20 May 2026
Lindex and BASF introduce loopamid recycled polyamide for lingerie
A recycled polyamide 6 made from textile waste can recycle blended fabrics, match virgin quality for multiple cycles; lingerie items using it are planned for early 2027.
20 May 2026
BASF patents hot-gas welding process for PPA plastics
Channel-guided hot-gas welding yields uniform heating, ~10s welds, lower temperatures and energy use, thicker melt layers, fewer clogs and higher reliability for thermoplastic components.
20 May 2026
bp signs three PSCs in Indonesia
Signed three PSCs in Indonesia: Bintuni and Drawa near Tangguh LNG (potential short‑cycle development) and Barong in East Java, raising participation to 11 blocks; part of 2025 bidding round.
20 May 2026
APA appoints Worley as engineering partner for Australia’s gas transmission network
Three-year engineering partnership to deliver scalable gas transmission and storage upgrades—boosting capacity, flexibility and resilience through replication, digital delivery and standardization.
20 May 2026
MAIRE wins ~€1.3bn in new awards, including large E&C project and urea plant licensing & PDP
Awards cover projects across Asia, Europe and the Americas under IE&CS and STS units; Tecnimont and KT to execute onshore and refinery works; further details pending formalities.
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