Biobased & Circular

A power-and-biomass-to-liquid process uses renewable hydrogen and carbon from forestry residues to produce synthetic fuels and hydrocarbons using modular units for scalable local supply.

Robust operations and refining raised product volumes; large Spain-focused capex ramp-up for energy transition; net debt fell to €2.1bn; construction begun on Europe’s largest green hydrogen project.

EUR 548m EBITDA on EUR 3.84bn sales; capex EUR 250.5m; hydrocarbon output +1% with Croatian offshore gas +21% and Egyptian oil +18%; Rijeka DCU online since September.

Call seeks biomethane supplies starting 2027 with contracts up to 10 years, non-binding proposals, and CGOB-only offers limited to two-year terms.

Higher commodity prices and an integrated model lifted clean CCS operating result 51%; net income reached RON 4.1bn and CAPEX hit a record RON 6.6bn.

Cost-savings programme delivered substantial profit improvement early in Q4; sales and operating results declined year-on-year; investments in fibre packaging and a CO2 capture project announced.

Plans include renewable hydrogen, a renewable-fuel plant, pumped hydro expansion and a circular methanol facility; extends customer fuel discounts and launches a new €950m buyback.

Reinstated federal funding backs debottlenecking of Kingsport methanolysis, restart of underused U.S. recycling assets, and milestone-based planning for a second facility to boost domestic recycled polyester supply.

Messer deal secures a 10‑year supply pact and a 30% stake in four sites; 2026 revenue guided at €12–13m; German sales accelerating strongly; €45m cash and 36 MW installed capacity.

Record renewables margins and volumes, wide middle‑distillate margins, reduced leverage and an expanded Rotterdam capex estimate to ~€3.0bn with start‑up by end‑2027.