Upstream gas and LNG additions reinforced feedstock optionality. Eni signed three long‑term purchase agreements for LNG volumes via the Bontang LNG complex, and approved the Baleine Phase 3 development in Côte d’Ivoire. bp expanded Indonesian acreage through Production Sharing Contracts near Tangguh. Austria’s supply was boosted as OMV started the Wittau well, while Equinor agreed a five‑year gas supply to Germany. In Australia, APA appointed Worley as exclusive engineering partner to add transmission capacity and resilience.
Hydrogen and low‑carbon fuel corridors progressed. Gasunie opened the first 32‑km section of the Dutch national hydrogen network. Rotterdam validated ship‑to‑ship ammonia bunkering procedures under MAGPIE and completed its first ethanol bunkering. Power2X’s Djewels green hydrogen plant entered EPC with a 20 MW electrolyser. To diversify marine fuels, Perpetual Next chose Clarksons for maritime biomethanol, and EnviTec Biogas opened a Bio‑LNG filling station in Holdorf.
Circular polymer supply became more bankable. PureCycle (Thailand) obtained FastPass admission for a polypropylene recycling plant in Rayong. Downstream outlets broadened with closures made using PureFive Ultra recycled polypropylene, reinforced by a New Jersey conditional PCR designation. In Europe, partners closed the loop by turning used diapers into ISCC‑certified pyrolysis oil for new polymers. Aviation pathways advanced as Essar completed Pre‑FEED for the Stanlow Methanol‑to‑Jet hub.
Battery and critical‑minerals localisation advanced. Orbia engaged Worley to engineer a U.S. LiPF6 electrolyte salt plant. Hycamite outlined a phased graphite project in Finland targeting up to 200 kt/yr, while LKAB secured a permit for a Luleå critical‑minerals industrial park. Eni completed an investment in Nouveau Monde Graphite to access anode materials. On the downstream side, Trinseo launched a functional SBR binder for fast‑charging anodes.
Companies and policymakers adjusted to volatility. BASF launched Winning Ways to streamline core operations and agreed to sell its silicates business to PQ. Mitsubishi Chemical will discontinue selected epoxy resins amid aging assets, and Aramco moved to transfer PRefChem ownership to PETRONAS. The EU’s Fertiliser Action Plan seeks diversified, circular supply; Brazil’s Fafen‑BA restart adds domestic output. At PRC Europe 2026, downstream leaders stressed delivery certainty for decarbonisation while sustaining reliability.
