Recent developments
Gas and LNG shifts
Exploration and supply expanded as the Han Asparuh offshore exploration joint venture added BEH, ORLEN confirmed the Sissel discovery, and partners approved a Leviathan natural gas reservoir's production capacity increase. Liquefaction capacity advanced via Coral North FLNG, a 20-year offtake from the Texas LNG export facility, and an integrated Argent LNG and TECNIMONT modular platform in Louisiana.
Hydrogen build-out
EU backing awarded six projects under the 2024 Innovation Fund Auction for renewable hydrogen production, while Lhyfe supplies the A4 corridor via France's first motorway hydrogen refuelling station for heavy goods vehicles. Upstream equipment and storage progressed with Faurecia Hydrogen Energy investment and thyssenkrupp’s hydrogen-capable direct reduction plant program.
Bio-based fuels
Project pipelines grew: EnviTec started a biogas and gas upgrading plant in Soncino and plans to enter the Lithuanian market; TNO technology underpins a Dutch green gas project. Advanced biofuels scale as Perpetual Next deploys its Biomethanol Blueprint for three U.S. plants.
Industrial decarbonization
Process heat and emissions abatement accelerated with a Rondo Heat Battery at Covestro's Brunsbüttel site and Port of Rotterdam's Carbonbid funding of low-cost CO₂e reduction. Renewable power build-out continued, including Taiwan’s Greater Changhua 2b and 4 offshore wind farms, as Ørsted’s Corporate Knights Global 100 list ranking was reaffirmed.
Materials and policy
Battery and metals capacity progressed as Axens advanced its cathode active material production plant project and Boliden sought CRMA status for the Nautanen copper deposit. EU industrial coordination deepened via the EU Critical Chemicals Alliance, while Poland’s regulatory system services expanded and Petromidia’s cogeneration plant on the Petromidia Năvodari platform began operations.