Recent developments
Renewable power and storage
Statkraft commissioned Germany's largest solar battery hybrid plant in Zerbst, combining 46.4 MW PV with 57 MWh storage. RWE completed foundation installation at the Thor offshore wind farm, which will deploy reduced‑carbon towers and recyclable blades. In the UK, the Sofia Offshore Wind Farm passed 60% turbine installation and completed 150 recyclable blades toward 1.4 GW capacity. The EU awarded €643 million under the Innovation Fund 2024 Battery call to five EV battery projects spanning materials, cells, recycling, and second‑life uses.
Sustainable fuels and hydrogen
NXTClean Fuels selected Topsoe as the technology licensor for a Port Westward project targeting up to 50,000 bpd of SAF and renewable diesel by 2029. In Malaysia, Pengerang Biorefinery Sdn. Bhd. initiated a facility to produce SAF, HVO, and bio‑naphtha from waste‑based feedstocks. Renewable fuels, hydrogen, CCUS, and lithium businesses were a stated focus for Chevron alongside two chemicals projects planned for 2027.
Circular and bio‑based materials
Avantium and Logoplaste signed a capacity reservation agreement to supply releaf PEF for next‑generation packaging. Tapì Group integrated Trinseo’s ALTUGLAS R-LIFE VML-H CR50 with 50% chemically recycled content into premium closures. UPM joined the European Chemical Industry Council (Cefic) to expand renewable chemistry in Europe. Novamont’s Mater-Bi mulch film was certified under the EU Fertilizer Regulation as an inorganic soil improver. Clariant announced a strategic joint venture with FUHUA to produce non‑halogenated, phosphorus‑based flame retardants in Sichuan.
Low‑carbon cement and CCUS
Heidelberg Materials began supplying evoZero, a carbon captured near-zero cement, and is advancing a carbon capture facility at the Padeswood, UK, plant targeting 800,000 t/yr CO₂ by 2029.
Bioprocess and specialty R&D
Asahi Kasei’s Planova FG1 filter was recognized for high‑throughput bioprocessing with robust virus retention and steam‑in‑place compatibility. SDC Technologies is relocating its headquarters to Rancho Santa Margarita, California to scale coatings R&D and manufacturing. Nouryon opened a new innovation center in Shanghai to accelerate localized, eco‑focused solutions across multiple sectors. BASF Beauty Care Solutions joined the Union for Ethical Biotrade (UEBT) to strengthen ethical sourcing of biodiversity‑derived actives.
Financing and market signals
Gunvor Group arranged a $2.395 billion sustainability-linked, multi-currency revolving credit facility tied to externally verified ESG KPIs. Arkema’s Q3 2025 sales totaled €2.2 billion; EBITDA was €310 million, supported by a €500 million green bond and tighter capex and cost controls amid weaker demand in the U.S. and Europe.