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(page 81)
29 December 2025
ORLEN Boosts Production with Różańsko Gas Field Launch
Różańsko field adds 130 mcm annually, supporting energy security. Linked to Dębno facility, it aids ORLEN's 4 bcm target by 2030, with gas for power plants and crude for industry.
29 December 2025
DOMO Chemicals Germany Files for Insolvency, Restructuring Under Review
Operations continue as the insolvency administrator explores restructuring, with wages secured for three months. High energy costs and imports have impacted the business.
28 December 2025
LOTTE Chemical Restructures for High-Value Specialty Focus
Shifting from commodity petrochemicals, the company invests in specialty materials, hydrogen, and semiconductor solutions, while enhancing financial stability through strategic divestments.
26 December 2025
Elkem Reports Second Fatality After Saint-Fons Workshop Accident
A second employee has died from the Saint-Fons accident. Two remain hospitalized. Operations are temporarily shut down. Internal and external investigations are underway.
26 December 2025
Johnson & Johnson Ends Phase 2b DUPLEX-AD Study
The DUPLEX-AD study was halted as it didn't meet efficacy criteria. JNJ-5939 was well tolerated. The company remains committed to advancing treatments for atopic dermatitis.
24 December 2025
Elkem Reports Fatality After Explosion at Saint-Fons Workshop
An explosion at a Saint-Fons site resulted in one death and three injuries. Operations are halted, and investigations are underway. Psychological support is provided to affected employees.
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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24 December 2025
bp sells 65% of Castrol to Stonepeak for $10 billion
bp will use $6 billion proceeds to cut debt, strengthen its balance sheet, and focus on downstream strategy. The deal includes a new joint venture with Stonepeak. Completion expected by 2026.
24 December 2025
Mitsui Chemicals, Idemitsu, Sumitomo Chemical Integrate PP and LLDPE Businesses
The integration aims to enhance competitiveness, optimize production, and achieve cost savings, while focusing on sustainable, high-performance products in Japan's shrinking PO market.
23 December 2025
Grupa Azoty Secures Potash Agreement
Grupa Azoty signed a potash supply deal with Nutrien, ensuring stable quality and supply for NPK fertilizers until 2027.
23 December 2025
Mitsubishi Chemical Develops PFAS-Free Oil-Resistant Paper Coating Technology
New technology coats paper with SoarnoL™ for superior gas barrier and oil resistance, meeting food safety standards and addressing global PFAS regulations.
23 December 2025
Toray Unveils Energy-Efficient Bioreactor Technology
New bioreactor tech cuts energy use by 80-90%, converts chemicals efficiently, and enhances safety. Customizable for diverse applications, it aims to lower costs and environmental impact.
23 December 2025
Ørsted Partners with Cathay for 55% Stake in Taiwan's Changhua 2 Wind Farm
Cathay acquires 55% of Changhua 2 Wind Farm. Ørsted to provide long-term O&M. Transaction valued at DKK 5 billion, closing in Q3 2026. Strengthens Ørsted's capital structure.
23 December 2025
Worley Rosenberg Wins EPC Contract for ConocoPhillips Project
EPC contract covers modifications at Ekofisk Complex. FEED completed; EPC starts Jan 2026, ends autumn 2028. Part of Albuskjell, Vest Ekofisk, Tommeliten Gamma redevelopment. Regulatory approval pending.
23 December 2025
Gasunie and Thyssengas Sign First Netherlands-Germany Hydrogen Transport Agreement
New agreements establish key technical and organizational aspects for safe, reliable cross-border hydrogen transport between the Netherlands and Germany.
23 December 2025
MAIRE Completes 7.9% NEXTCHEM Stake Transfer to Azzurra Next One
The transfer of a 7.9% NEXTCHEM stake to Azzurra Next One is finalized. Current shareholders: MAIRE 82.1%, Azzurra Next One 7.9%, Yousef Al Nowais 5%, MI 5%.
23 December 2025
Arkema to Divest Plastic Additives to Praana
Arkema plans to sell its impact modifiers and processing aids businesses, including a Dutch facility, to refocus on strategic activities. Completion expected Q1 2026, pending consultations.
22 December 2025
OMV Petrom and CE Oltenia Begin 550 MW Solar Park Construction
The solar parks will power 410,000 homes by 2026, with a EUR 400M investment. 70% is funded by the Modernisation Fund. 200 mining technicians retrained for renewable energy roles.
22 December 2025
Technip Energies Secures Equipment Orders from Commonwealth LNG
Technip Energies advances Commonwealth LNG project with key equipment orders, supporting modular construction and accelerating progress towards a 2026 investment decision.
22 December 2025
FDA Approves Novo Nordisk's Oral Wegovy for Adult Weight Loss
FDA approves Wegovy pill, the first oral GLP-1 for weight loss, showing ~17% loss in trials. Available January at $149/month, it also reduces cardiovascular risks in adults with obesity.
22 December 2025
Snøhvit Future Project Update by Equinor
Snøhvit Future faces delays and cost increases, now at NOK 20 billion. Onshore compression starts in 2029. Electrification cuts CO2 by 850,000 tonnes annually.
22 December 2025
Novo Nordisk: FDA Approves Wegovy® Oral Pill for Weight Management
Wegovy® pill, an oral GLP-1, shows 16.6% weight loss in trials. Launch expected in the US by January 2026. Approval based on OASIS and SELECT trials.
22 December 2025
EC Approves Johnson & Johnson's TREMFYA® for Treating Plaque Psoriasis in Children
TREMFYA® gains EC approval for treating moderate to severe plaque psoriasis in children, marking the first IL-23 inhibitor for pediatric use.
22 December 2025
Perpetual Next Completes €35M Bond Redemption Early
The company redeems bonds as part of a debt reduction plan, preparing for 2026 growth capital. It is also expanding biomethanol production across Europe and the U.S.
22 December 2025
ORLEN Expands in Norway with New Field Acquisitions
ORLEN's Norwegian unit acquires stakes in Albuskjell and Vest Ekofisk, boosting gas production by 420 million cubic meters annually.
22 December 2025
INEOS Energy Announces Gulf of America Oil Discovery
The Nashville well confirms high-quality oil in the Gulf's deepwater. Further analysis will assess the find's size, potentially enhancing energy security and supply.
22 December 2025
Prysmian and Versalis Innovate Plastic Cable Recycling
The partnership uses chemical recycling to convert plastic cable scrap into reusable polymers, enabling sustainable cable production and advancing circular economy efforts.
22 December 2025
Covestro Appoints Dr. Rainer Seele as New Supervisory Board Chairman
Dr. Richard Pott steps down after guiding Covestro through key phases. Dr. Rainer Seele, with global expertise, takes over, focusing on sustainability and transformation.
22 December 2025
Topsoe and Partners Launch Dynamic Green Ammonia Plant in Denmark
The world's first dynamic green ammonia plant in Denmark produces 5,000 tons annually, reducing CO2 by 9,600 tons, using renewable power without hydrogen storage.
22 December 2025
Clariant Denies Competition Law Allegations by MOL Group and Braskem
Clariant received damage claims totaling EUR 950 million related to 2020 competition law infringement but rejects the allegations, citing no market impact.
22 December 2025
Roche's Lunsumio VELO Approved by FDA for Subcutaneous Use in Follicular Lymphoma
Lunsumio VELO cuts treatment time to one minute for relapsed follicular lymphoma, offering outpatient care with a manageable safety profile.
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