Recent developments
Market consolidation trends
Air Liquide expanded its footprint in Asia by completing the acquisition of DIG Airgas in South Korea, targeting 900 million euros in sales and synergies from long-term projects. In China, Nanjing Engineering Company broadened its pipeline and storage capabilities by acquiring the East China Pipeline Design Institute, supporting entry into hydrogen and aviation-fuel logistics.
Hydrogen technology advances
Thyssenkrupp was recognized by CDP for climate transparency while advancing hydrogen-capable steelmaking, electrolysis plants, clean ammonia, methanol, SAF, and carbon capture. Kemira and Hazer Group signed a non-binding Memorandum of Understanding to assess methane pyrolysis integration and Hazer carbon in water treatment. Sinopec Capital invested in Faurecia Hydrogen Energy to scale Type I/III/IV storage systems and strengthen China’s hydrogen industry chain.
Energy supply context
Chevron and partners approved the Leviathan gas expansion to about 21 bcm per year, with deliveries planned to Israel, Egypt, and Jordan by decade-end, shaping regional feedstock and power availability relevant to downstream chemical and gas markets.
Plant upgrades and risks
INEOS Electrochemical Solutions commissioned a BICHLOR electrolyser at Chemfab Alkalis in India, improving electricity efficiency and reliability in chlor-alkali production. In Germany, DOMO Chemicals’ Leuna site was required to maintain minimal operations amid insolvency proceedings, with state-arranged substitute performance to mitigate safety risks and preserve industrial continuity.