All news (page 9)

• 

  7 May 2026

  Sinopec and Nanjing University Form Strategic Partnership

  Agreement deepens R&D, platforms, talent training and think‑tank work; aligns industry‑university‑research‑use to speed innovation and support energy security and green, low‑carbon transition.
• 

  7 May 2026

  TA’ZIZ Secures $2B Financing for UAE’s First World-Scale Methanol Plant

  Oversubscribed financing via 11-bank syndicate with conventional and Islamic facilities, priced to benchmarks. EPC awarded; construction under way for 2028, boosting domestic chemicals value chain.
• 

  7 May 2026

  MAIRE’s Nextchem awarded licensing and PDP for urea-to-DEF plant in Virginia

  Licensing & PDP won for a 700 STPD urea melt plant in Virginia, fully integrated to convert all urea to DEF; FID/NTP targeted H1 2027; reflects rising DEF demand from tighter emissions.
• 

  7 May 2026

  Statkraft Q1 results strong despite lower production

  Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
• 

  6 May 2026

  PureCycle Technologies Q1 2026 Results

  Ironton turnaround finished early/under budget; record 8.4M lb production (~10M lb feedstock); 5th consecutive revenue growth; two P&G approvals; Q1 net loss $33.4M; liquidity $131M.
• 

  6 May 2026

  LanzaTech partners with DTU BRIGHT to build C1 biofoundry

  Multi-year deal to design and install a next-gen C1 biofoundry, accelerating gas fermentation R&D to convert CO, CO2 and methane into fuels, chemicals and materials.

• 

  6 May 2026

  OMV invests €65m in Schwechat Innovation Hub

  New Schwechat hub (8,120 m²) will house labs, pilot plants and a technical centre with 50 workstations and space for up to 15 test facilities. Construction 55% done; start-up H1 2027.
• 

  6 May 2026

  Borouge: First XLPE from Borouge 4 to support UAE energy sector

  New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
• 

  6 May 2026

  Eli Lilly commits $4.5B to Indiana manufacturing, opens first genetic‑medicine facility

  Buildout now totals $21B in Indiana since 2020; upgrades at Lebanon API to produce Foundayo, Zepbound/Mounjaro and retatrutide; project to scale API capacity and boost regional jobs and GDP.
• 

  6 May 2026

  Topsoe and BioVeritas partner on second‑generation renewable fuels

  Deal enables conversion of second-gen feedstocks (woody biomass, corn stover, straw, wastes) into KEYTones for processing with HydroFlex, allowing scalable renewable fuels and SAF in existing plants.
• 

  6 May 2026

  ORLEN partners with AWS for cloud-based digital transformation

  Migrate IT to cloud and adopt cloud-native apps to improve efficiency, scalability and security; use AI/ML, analytics and ISV solutions; multi-cloud strategy and staff upskilling.
• 

  6 May 2026

  Carbon Neutral Fuels' Project Starling completes FEL3A, advancing UK eSAF deployment

  FEL3A completed for UK eSAF project: integrated design and 3D model, Class 3 cost estimate. Targets 25,000 tpa by 2031 with ~95% lifecycle GHG reduction; DAC integrated.
• 

  6 May 2026

  Delfin Midstream secures 20‑year, 0.3 Mtpa LNG deal with Gunvor

  LNG delivered FOB from an FLNG facility 40 nm off Louisiana, using a brownfield deepwater port, UTOS pipeline acquisition and federal approvals to support long-term exports.
• 

  6 May 2026

  TA’ZIZ and Alpha Dhabi to invest $10bn in UAE chemicals

  Study to develop up to 14 industrial chemicals, adding ~2.2 mtpa capacity in Al Ruwais to support import substitution, local supply‑chain resilience and MIITE industrial strategy.
• 

  6 May 2026

  Nouryon launches Perkadox PM-60ST-GR to restore recycled polypropylene performance

  Organic peroxide added in extrusion restores recycled PP chains, raising melt viscosity and resistance (up to 10×) to allow more recycled content in packaging, auto and consumer goods
• 

  6 May 2026

  Equinor Q1 2026 results

  Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
• 

  6 May 2026

  Aramco and solutions by stc to deploy next-generation Upstream supercomputer

  Next-gen supercomputer will boost Upstream compute—7× capacity—for seismic imaging and reservoir simulation, improving hydrocarbon discovery, recovery and field life; delivery 2027
• 

  6 May 2026

  CATL and HyperStrong sign 60GWh sodium‑ion energy‑storage supply pact

  Three-year sodium‑ion energy-storage deal to industrialize mass production: higher energy density, manufacturing fixes for consistent output, improved safety, and Li‑ion form‑factor compatibility
• 

  6 May 2026

  Heidelberg Materials Q1 2026: solid start

  Q1 revenue and RCO down; cost measures & Transformation Accelerator saved €405m; acquisitions in Australia and Turkey; new efficient kiln; dividend +9% and buyback continue; outlook confirmed.
• 

  6 May 2026

  EEW launches EEW Italia in Milan to expand waste-to-energy sales

  New Milan-based sales unit links Italian waste producers to EU energy-recovery plants, contracting and routing suitable waste to existing facilities to ease local capacity gaps and boost circularity.
• 

  6 May 2026

  SPIE Wind Connect to connect and test 66 kV inter‑array cables at Baltyk II & III

  Offshore phase starts Q2 2026. Two Polish farms total ~1,440 MW (720 MW each), ten strings of five turbines; end-turbine 400 mm², 1,000 mm² to OSS, powering >2M homes.
• 

  6 May 2026

  Ørsted Q1 2026: Strong operational performance

  EBITDA DKK 9.5bn; offshore generation +27% y/y. First power from Revolution Wind; Sunrise Wind turbines installed; monopiles started at Hornsea 3/Baltica 2. FY EBITDA guidance > DKK28bn
• 

  5 May 2026

  Elkem ASA appoints interim chair and approves €1bn refinancing

  AGM elected five shareholder board members: Helge Aasen (seat effective on his retirement as CEO), Marianne E. Johnsen, Christian Must, Astrid M. Hilde and Richard Olav Aa.
• 

  5 May 2026

  SABIC launches ULTEM SU3102P oligomer for tougher, lighter aerospace composites

  Reactive PEI oligomer increases thermoset composite toughness/stiffness up to 140% vs rPES, permits loadings to 50% with low viscosity, and can cut prepreg cycle time/energy use by ~30%.
• 

  5 May 2026

  Covestro names Klaus Fröhlich CFO

  Klaus Fröhlich will become CFO on Oct 1, 2026, succeeding Christian Baier (leaves Sep 30, 2026). Fröhlich, 53, is ADNOC Group CIO with 25+ years in finance and investment banking.
• 

  5 May 2026

  Iberdrola upgrades Valdecañas pumped storage, adding 355 MW and 210 GWh

  Valdecañas pumped-storage started pumping, linking Alcántara and Valdecañas reservoirs into a gigabattery with a hybrid battery, aiding renewables integration, grid stability and flood control
• 

  5 May 2026

  Johnson & Johnson: TREMFYA (guselkumab), first IL‑23 inhibitor to show efficacy in perianal fistulizing Crohn’s disease

  Phase 3 FUZION: Week‑24 combined fistula remission 28.3% (100 mg q8w) and 27.0% (200 mg q4w) vs 10.3% placebo; safety profile consistent; CHARGE head‑to‑head trial initiated.
• 

  5 May 2026

  RWE Offshore Wind management changes

  CEO Sven Utermöhlen will leave on 30 Sep 2026 and advise for 6–12 months. CTO Tobias Keitel becomes CEO on 1 Oct 2026; Julian Garnsey appointed CTO. Management team otherwise unchanged.
• 

  5 May 2026

  Heidelberg Materials commissions 1.25 Mt/yr Airvault kiln line to improve efficiency and reduce CO2

  1.25 Mt/yr dry kiln replaces old lines; enables ~90% alternative fuels, reduces electricity ~10% and CO2 ~30%; €350M upgrade includes calcined-clay use and CCUS (1 Mt/yr).
• 

  5 May 2026

  Merck acquires Terns Pharmaceuticals

  Adds TERN‑701, an oral allosteric BCR::ABL1 TKI with FDA Breakthrough for certain CML patients. Bought via $53/share tender and merger; ~$5.8B R&D charge; Terns now delisted and private.