Repsol and Masdar have come together to acquire a 49.99 % stake in a renewable energy portfolio in Spain for 849 million euros. The portfolio comprises 705 MWs of operational capacity, including 13 wind farms and six photovoltaic solar parks.

Today, the world is witnessing a deepening energy crisis. The Iran–US war has exposed the vulnerability of the global oil, gas, and petrochemicals industry. Its impact is not confined to one region—it has triggered a domino effect across continents.

Evonik has launched an ‘Innovation Factory’ which aims at accelerating the transition of technological breakthroughs into industrial applications. The new initiative has a clear mandate: innovation with speed, market focus, and application relevance.

Solvay has extended its global framework agreement with IMI to accelerate the deployment of connected industrial sensors across its global manufacturing sites. With this move, Solvay aims to improve cost-efficiency, safety and environmental performance of its operations.

Leading European industry associations have signed a joint biomethane declaration that outlines 10 priority actions to accelerate biomethane rollout. They believe that biomethane is a means to keep the EU industry competitive while enabling decarbonization.

BASF has recently inaugurated its new Verbund site in Zhanjiang, China. The 8.7 billion project sets a new benchmark for sustainable chemical production in China and across the globe.

Covestro has plans to invest in a new world-scale MDI production train at the Covestro Integrated Site Shanghai in China. Apart from this, the company is conducting a feasibility study for a plant of similar scale in the UAE.

Xylem expands its long-term partnership with Dow by entering into a new agreement. Under the terms of the new contract, Xylem will design, build and operate advanced water systems to support Dow’s Path2zero Project.

KBR’s Pure SAF technology has been chosen for Northern Europe’s largest SAF and e-SAF production plant. With the help of this technology, the facility is expected to produce 100,000 tons of sustainable aviation fuel and e-SAF annually.

In an exclusive e-mail interview with Ahlam Rais, Dr. Mike Enskat, Director, IRENA Innovation and Technology Centre at International Renewable Energy Agency (IRENA) shares his views on the use of Carbon Capture and Storage (CCS) and Carbon Capture, Utilization, and Storage (CCUS) solutions as well as forecasts the future trajectory of the renewable energy sector.