On February 28, 2026, the Iran-US war began, shutting down a crucial waterway for global trade—the Strait of Hormuz—and today, even seven plus months later, the Strait is still closed. This ongoing scenario has not only impacted the oil and gas sector but has also disrupted supply chains in the plastics and fertilizer industries as well, leading prices to escalate and numerous industry players announcing force majeure.

Carbon Recycling International has delivered the world’s largest e-methanol reactor for the Liaoyuan E-Methanol Project in Jilin Province, China. The first phase of this project has a production capacity of approximately 170,000 tonnes of renewable methanol annually from green hydrogen and captured biogenic carbon dioxide.

Wacker has recently launched its new production site for specialty silicones in Karlovy Vary, Czech Republic. At the site, customized silicones for the automotive, household appliances and medical technology industries as well as for the energy sector will be manufactured.

Marchesini Group will be presenting a 16-lane Stickpack machine at the upcoming Fachpack 2025 trade show in September. The solution boasts of offering the highest levels of efficiency and accuracy in the packaging of pharmaceutical products.

Kent has been awarded a Construction Management Services contract in Angola by Cabinda Gulf Oil Company. Under the scope of the contract, Kent will deliver integrated construction management services across Cabgoc’s operations.

Located in Marl, Germany, Evonik’s new plant has begun production of a high-performance membrane which plays a crucial role in the production of more cost-efficient green hydrogen. The unit has the capacity to produce membranes for an electrolysis capacity of up to 2.5 gigawatts per year.

Arkema has obtained ISCC Plus certification for all of its acrylic monomer facilities across the globe. With this certification, the company will be able to support easy, fast and cost-effective lower product carbon footprint projects from customers across the acrylic value chain.

Lubrizol and Grasim Industries have recently inaugurated an advanced CPVC resin manufacturing facility in Vilayat, Gujarat. The new plant is expected to create one of India’s most scalable and integrated CPVC manufacturing footprints.

Honeywell’s modular Ecofining process technology, specialized pumps, compressors, and integrated control and safety systems have been selected for Acelen Renewables' greenfield site in Bahia, Brazil. The site will produce sustainable aviation fuel and renewable diesel.

BASF’s newly established Core Transformation Office drives the implementation of cross-unit transformation projects across all core businesses, service units and corporate center units. The program ‘Coreshift’ aims to achieve up to 20 % net cash fixed cost savings in the core by 2029, compared with the 2024 baseline.