All news (page 52)

4 June 2026

PETRONAS MoU with regional partners to advance offshore IOR/EOR

Regional E&P operators and UTP will jointly evaluate fit‑for‑purpose IOR/EOR studies for offshore fields, supported by laboratory testing and potential pilot projects.
4 June 2026

Vitol invests in Delfin FLNG 1 offshore US project

First US offshore FLNG with 4.4 Mtpa nameplate capacity, 1.4 Mtpa offtake secured; FID taken and production expected in 2030; project cost ~US$5bn.
4 June 2026

MAIRE/Tecnimont wins USD 900m add-on for onshore oil & gas project

USD 900 million additional scope added to a prior onshore oil & gas contract to optimise existing facilities; further details pending completion of formalities.
4 June 2026

Sumitomo Corporation takes 49% stake in Graphyte-led US JV for CDR credits

49% stake in US JV to commercialise 'Carbon Casting' BiCRS, scale the Loblolly project to 50,000 tCO2/yr, and sell long-duration CDR credits across North America and Japan.
4 June 2026

Sinopec and BYD sign industrial and capital cooperation framework

Signed a framework to cooperate on flash charging networks, ecological integration and upstream–downstream supply‑chain synergy to build an efficient smart energy ecosystem.
3 June 2026

Protium and ITM Power partner on UK green hydrogen projects

Framework to develop, invest in and operate industrial-scale green hydrogen plants across the UK, starting with the 15 MW Cromarty project; FID targeted Dec 2026.
3 June 2026

thyssenkrupp Steel restarts Hot Strip Mill 4 in Duisburg after 2025 furnace fire

Trial operation resumed after an October 24, 2025 deflagration; furnaces and roof repaired, technical upgrades applied, and the continuous casting line has been running since mid‑December.
3 June 2026

Toray and T2 commercialize autonomous petrochemical trucking

Commercial autonomous trucking begins on east–west expressways, moving ABS resin with Level 2 trucks using renewable diesel/B5; partners plan Level 4 long‑haul rollout from 2027.
3 June 2026

Petrobras to invest up to R$23 million in residual oils and fats collection projects

Funding for collection and commercialization of used cooking oil across São Paulo and Bahia; proposals due July 3, 2026; results expected by year-end.
3 June 2026

Air Liquide invests in Quobly to scale silicon quantum processors

Investment funds R&D and industrialisation of silicon-based quantum processors, backing commercial launch targeted by end‑2026.
3 June 2026

BASF appoints Steve Arndt Senior VP, Global Automotive Refinish Coatings

Arndt succeeds Titmarsh as global head of automotive refinish coatings on 1 July 2026; Titmarsh steps down after a 20-year company career.
3 June 2026

Galp: Rodrigo Vilanova resigns; Jorge Fernandez Vidal co‑opted to Board

Board member resigns for family health reasons; Executive Committee reduced to five and duties reassigned; new non‑executive director appointed through 2026.
3 June 2026

Siemens and HighByte: HighByte Intelligence Hub added to Industrial Edge

Native Industrial Edge app to unify OT and IT data, contextualize and pipeline datasets for AI model training and secure setpoint control via Intelligence Center X.
3 June 2026

Air Liquide: nearly €200m investment to supply SK hynix's P&T7 in Cheongju

Long-term contract to build and operate a nitrogen unit supplying high-purity gases and compressed air to an HBM packaging and testing fab; operations due late 2027.
3 June 2026

BASF Intermediates Geismar Acetylene Unit wins ACC Energy Efficiency Award

Geismar unit cut energy use by deploying advanced process control (APC), earning the ACC's Responsible Care 2026 Energy Efficiency Award.
3 June 2026

Johnson & Johnson: nipocalimab lowers SLE disease activity in Phase 2 JASMINE study

Phase 2 data show FcRn blocker nipocalimab reduced SLE activity versus placebo, with larger benefit in autoantibody‑positive patients and no new safety signals.
3 June 2026

MOL Group starts first gas production at ACG field

First commercial gas from non-associated reservoirs beneath and above existing oil layers; initial well drilled from West Chirag; up to 4 Tcf estimated; gas to Sangachal via existing infrastructure.
3 June 2026

MAIRE awarded Industry Mover in S&P Global Sustainability Yearbook 2026

Recognised for the largest year-on-year ESG improvement in its sector; 2025 gains include a 6% cut to Scope 1–2 emissions, 1.2 Mt CO2 avoided and 90,000 m³ of water reused.
3 June 2026

Borouge International & Lanxess advance circular acetone with Borvida B‑acetone

ISCC PLUS‑certified, mass‑balanced acetone from non‑food waste biomass offers up to 175% cradle‑to‑gate carbon reduction while matching conventional acetone performance.
3 June 2026

UPM names Joonas Rauramo Executive Vice President, UPM Energy

Joonas Rauramo will join the Group Executive Team as EVP, Energy on 1 October 2026 and will be based in Helsinki.
3 June 2026

UBE MAXELL expands Li-ion separator capacity at Sakai Works

New Sakai Works facility will boost separator base‑film output ~50% with phase‑one in FY2026 and phase‑two in FY2029; complements a facility due in fall 2026 to serve automotive and ESS demand.
3 June 2026

Elkem and Statkraft sign seven-year PPA for Bjølvefossen (2031–2037)

Seven-year agreement secures 1,534 GWh for Bjølvefossen (2031–2037), supporting 150 jobs and low‑carbon foundry‑alloy production with 60,000 mt annual capacity.
3 June 2026

Coolbrook appoints Veli‑Matti Mattila as Chairman to support industrial scale‑up

Brings decades of international technology and board leadership to support commercial deployment and industrial execution.
3 June 2026

Novo Nordisk launches Wegovy pill in UAE

Oral semaglutide tablet now available in UAE for weight management; shows ~17% mean weight loss in trials and is approved to reduce certain cardiovascular risks.
3 June 2026

Axens and Green Sky Capital partner to develop SAF plant in Egypt

200,000 tpa SAF plant using lipid-based feedstocks and Axens' Vegan® HEFA, targeting production by end‑2027; will source used cooking oil locally and serve Mediterranean/African markets.
3 June 2026

AkzoNobel: Nippon Paint and Sherwin‑Williams withdraw public offer

Two bidders have confirmed they will not pursue a public takeover; the company’s boards still back a planned merger of equals with Axalta.
3 June 2026

argenx: Efgartigimod shows sustained myositis benefit, maintained response in Sjogren’s with consistent safety

ALKIVIA+ 52‑week data show sustained Total Improvement Score gains; RHO+ shows maintained response after switch to biweekly dosing; safety consistent across indications.
3 June 2026

Mitsui Chemicals to expand MR™ high-refractive-index lens material capacity at Omuta Works

New plant at Omuta Works to raise supply of MR™ high‑refractive‑index ophthalmic lens material, with commercial operations set for first half of 2029.
3 June 2026

Sinopec mass-produces T1000 12K small‑tow carbon fiber

First mass-produced wet-process T1000 12K small‑tow carbon fiber with single-tow strength >6.5 GPa and modulus >300 GPa, aimed at aerospace and other high-end uses.
2 June 2026

SONATRACH subsidiaries sign three MoUs with Niger's SONIDEP

Three agreements cover seismic acquisition, a drilling joint venture, and fuel distribution plus a bitumen manufacturing JV and training.

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