Recent developments
Hydrogen and e-fuels
Topsoe opened Europe’s largest SOEC facility in Denmark to supply high-efficiency stacks for green hydrogen and e-fuels. Its technology was selected for the Triskelion e-methanol project. Air Liquide advanced the 200 MW ELYgator electrolyzer, while OMV began building a 140 MW green hydrogen electrolysis plant; Technip Energies bought Ecovyst's Advanced Materials & Catalysts business.
Power and storage build-out
Grid-scale assets expanded with Germany’s largest battery storage facility, a solar power and battery energy storage project in Uzbekistan, and two offshore substations for Poland’s first offshore wind farm, while the Damlaagte PV Facility began supplying Secunda operations. Policy and financing supported ORLEN’s PLN 3.5 billion for offshore wind projects and upgrading two nuclear power units at the Olkiluoto plant.
CO2 and digitalization
CO2 management advanced via cross-border carbon capture, utilization, and storage activities between Duisburg and Rotterdam, a long-term EPCM agreement including CCS initiatives, and the start of CO₂ transport and storage operations at Northern Lights. Digitization accelerated through a strategic agreement to enhance AI deployment across ADNOC's value chain and agreements to deploy robotics and AI-powered analytics; the Powering Possible report outlined grid, storage, and materials priorities.
Feedstocks and logistics
Feedstocks and logistics shifted with an $11 billion lease and leaseback agreement for Jafurah gas processing facilities, bp selling non-controlling Permian and Eagle Ford midstream interests, and a binding agreement to form a joint venture, NewCo, between Eni and PETRONAS. Upstream supply grew as the Bacalhau field in Brazil began production; storage expanded via a new company in the Special Economic Zone at Duqm.