Feedstock security continued to pivot on long-term gas. ADNOC launched an integrated global LNG marketing and trading platform. A 15‑year Sales and Purchase Agreement with INPEX for Ruwais LNG pushes coverage above 90% of capacity from 2028. XRG gained equity across all Rio Grande LNG trains. bp took a 10% stake in the Bab Gas Cap concession. ORLEN and Naftogaz signed MoUs to expand LNG cooperation and logistics into Ukraine.
Yara agreed to acquire the Gulf Coast Ammonia Texas City plant while dropping the planned LCEC ammonia acquisition to reallocate capital to U.S. options. Petrobras moved to restart the UFN‑III nitrogen fertilizer complex at Três Lagoas. Japan certified an IHI‑led seven‑company low‑carbon ammonia plan under its price‑gap scheme for fuel and feedstock uses from fiscal 2030.
Covestro announced a 660 kt per year MDI train in Shanghai and a UAE feasibility study to bolster supply security. It also completed acquisition of former Vencorex HDI‑derivative sites in Rayong and Freeport. ICIG is building a two‑site European alkoxide platform at La Rochelle and Lülsdorf. Asahi Kasei added a Tainan slitting facility for SUNFORT dry film photoresist to raise local reliability. Messer expanded packaged gases operations in Singapore and Malaysia.
Nobian launched the LiSA pilot to scale circular, low‑carbon lithium refining in the Netherlands. Eni will take 25% of EnergyX’s Black Giant lithium project in Chile using DLE with brine reinjection. Construction began on Eni Storage Systems’ LFP gigafactory and BESS assembly hub in Brindisi. TaiSan raised funding to commercialise sodium‑ion batteries. Aurubis opened its Complex Recycling Hamburg plant integrating multimetal smelting for strategic metals.
Value‑chain collaborations advanced recycled plastics in regulated markets. LyondellBasell and Mondelez introduced Marabou wrappers using CirculenRevive polymers with ISCC PLUS mass balance, with future supply tied to the MoReTec‑1 chemical recycling plant in Wesseling. PureCycle and Motherson produced a Class‑A automotive bumper prototype with 30% PureFive recycled polypropylene, aligned with EU End‑of‑Life Vehicles requirements.
Eni and Mercuria formed an equal global energy trading joint venture. ADNOC and XRG signed a Strategic Collaboration Agreement with Mitsui spanning LNG, crude, sulfur, shipping and chemicals. Aramco awarded a five‑year PMC framework to Worley to support capital projects using digital tools. Axens signed a long‑term collaboration with Egyptian Refining Company. Separately, Axens acquired Lurgi Methanol‑to‑Propylene technology to expand methanol‑to‑jet SAF pathways.
The European Commission opened an antidumping probe into Chinese polyether polyols, while INEOS’ Sir Jim Ratcliffe urged EU measures to protect Europe’s chemical industry and support Project ONE. The Modernisation Fund disbursed €2.5bn to 51 projects, and Commissioner Hoekstra pressed for CCS scale‑up and a CO₂ transport market. MoCI and QatarEnergy agreed on joint governance for allocating gas and power to downstream investments.
