Recent developments
Portfolio and scale
TA’ZIZ signed $28.5bn offtake and feedstock agreements for a 4.7 mtpa complex; LyondellBasell sold select European olefins and polyolefins assets to AEQUITA; Lone Star agreed to acquire DOMO Engineered Materials including TECHNYL; Elkem sold most Silicones to Bluestar; and Borouge finalized Borouge International formation.
Market signals
Borouge posted $1.2bn revenue and $156m profit; OMV’s Chemicals result rose on stronger polyolefin margins; SABIC grew adjusted EBITDA and advanced divestments; Trinseo reported lower sales and negative free cash flow; and MAIRE grew revenues and backlog. A review of BASF’s Verbund efficiency and energy exposure highlighted gas‑price risk for integrated chains.
Decarbonization projects
Worley will deliver FEED for the cogeneration and carbon capture element of Dow’s Path2Zero ethylene and PE expansion; bio‑based routes progressed via Perpetual Next’s Delfzijl biomethanol logistics partnership and Avantium’s FDCA Flagship Plant commissioning toward H2 2026 sales.
Circularity and recycling
PureCycle recycled PP entered coffee lids; UPM and BASF paired recyclable barrier papers with waterborne resins; identification improved via trinamiX mobile NIR for footwear and textiles; and collection/policy needs were detailed by REMONDIS and Looper’s textile EPR context. Borealis earned EcoVadis Gold.
Advanced materials
BASF Ultramid/Ultradur gained EN 45545 railway classifications; Evonik opened a PEEK magnet‑wire lab in China and the Asia PAthletic Center for PA12/PEBA. Coatings capability expanded with Ancamine 2868/2844 fast‑cure epoxy hardeners; intermediates advanced via Nextchem’s NX CONSER C5+ TMA licensing in China.