Chemical news · Three minutes a day
Friday, September 18, 2026
Lead Story
Jefferies-linked Fund Claims Radiant World Holds Only $10,000 CashA Jefferies-linked fund alleges iron ore trader Radiant World holds only $10,000 in cash despite reporting over $200 million, triggering freezing orders and fraud investigations involving major traders like Glencore and Vitol.
Apollo Global Management is exploring strategic options to sell Energos Infrastructure, potentially valuing the floating LNG provider at over $3 billion, with Abu Dhabi National Oil Company's XRG among potential bidders.
Italian Prime Minister Giorgia Meloni visited Norway to strengthen strategic cooperation in energy and critical minerals, engaging with government officials and executives from major firms like Eni and Vaar Energi.
ExxonMobil is negotiating to return to Venezuela's Orinoco Belt heavy oil projects, reversing its exit from nearly two decades ago. Competitors like Continental Resources and Eni are also expanding operations as US policy shifts encourage investment.
Saudi Aramco is sourcing replacement diesel and gasoline cargoes in the Mediterranean and Europe following Houthi attacks on its Red Sea refineries and pipelines. The oil giant has bid through Platts pricing windows to secure fuel amid disrupted crude flows.
Moeve SA, backed by Mubadala, has commenced construction of a 300-megawatt green hydrogen plant in Spain to replace fossil fuel feedstock in its local chemicals facility. This €1 billion project supports an €8 billion transition plan toward clean energy.
The UK's NICE has approved AstraZeneca and Daiichi Sankyo's breast cancer drug Enhertu for NHS use in England, expanding access to approximately 1,000 patients annually following revised cost-effectiveness guidelines.
President Claudia Sheinbaum criticized Pemex executives over falling fuel production and safety accidents, as Mexico increases reliance on costly imports due to refinery inefficiencies.
IEA Chief Fatih Birol reaffirmed global electrification priorities despite AI investment concerns, noting 61% of energy investment now targets electricity. He launched a new Asian energy security partnership to address grid capacity hurdles and LNG market volatility amid Middle East instability.
Brookfield Asset Management invests up to $600 million in ACME Cleantech Ventures for green ammonia and methanol projects in India and Oman. The funding aims to support decarbonization in heavy industries like shipping amidst tightening global emissions regulations.
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