Chemical news · Three minutes a day
Friday, August 28, 2026
Lead Story
Enbridge, KKR Form Joint Venture to Invest in Westcoast Natural Gas PipelineEnbridge partners with KKR and Apollo on a C$2.7 billion joint venture to expand its Westcoast natural gas pipeline system, enhancing capacity for Western Canada and U.S. Pacific Northwest LNG markets by 2026-2028.
Danish dairy producer Arla reported steady first-half revenue of €7.6 billion, driven by high-protein product sales offsetting lower milk prices. The company raised its annual guidance following its merger with Germany's DMK Group.
An EU Joint Research Centre report indicates cost premiums hinder chemical recycling viability for plastics such as PET and polyethylene, noting demand mandates may spur alternative solutions.
DKSH Holding agreed to acquire Thailand-based P.R. Chemicals, an API distributor, to expand its healthcare specialty ingredients platform. The undisclosed deal is expected to close in Q4 2026.
CNOOC CEO Huang Yongzhang expressed optimism on US-China energy cooperation, noting room for LNG trade despite tariffs. The firm plans to consider investments with U.S. partners while navigating frozen trade relations.
TotalEnergies may recover approximately $1.3 billion in loans after exiting its stake in the sanctioned Arctic LNG 2 project, transferring ownership to Novatek while retaining compensation rights subject to future sanctions.
Biomethanol startup Emvolon secured a seven-year deal with Freepoint Commodities, including a $450 million purchase option to fund low-carbon fuel projects. Production is set to scale to 300,000 tons annually using waste-derived methane feedstock.
Novo Nordisk confirmed China's drug regulator accepted its application for an oral version of Wegovy, joining competitors like Eli Lilly in the expanding Chinese weight-loss market. Analysts project GLP-1 therapy sales could reach $4.46 billion within five to seven years.
Mineral Resources Ltd. plans to diversify into copper acquisitions following record profits driven by iron ore and lithium prices. CEO Chris Ellison targets deal progress within 12 months amid surging global demand for electrification metals.
Lubei Chemical showcased its titanium dioxide products at the 2026 Asia-Pacific Coatings Expo in Jakarta, securing cooperation intentions with regional clients. Leveraging RCEP opportunities, the company aims to expand its market share in the Southeast Asian coatings and plastics sectors.
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