Chemical news · Three minutes a day
Friday, September 25, 2026
Lead Story
US Offers Up to $6 Billion to Finance Argentina LNG Mega-ProjectThe US Export-Import Bank offered up to $6 billion to support Argentina's massive LNG project led by YPF, Eni, and Adnoc. This initiative aims to establish the world's largest floating liquefaction facility by 2030, significantly impacting global gas supply chains.
Italian state lender CDP is negotiating to sell a 15-35% stake in Ansaldo Energia to Gulf investors like Mubadala. The deal aligns with rising energy demand from AI data centers and potential expansion in the Gulf region.
Former Pioneer CEO Scott Sheffield accuses ExxonMobil of betraying him during FTC review of their $60 billion merger, alleging CEO Darren Woods abandoned promised support for his board seat. Woods defended the deal as successful amid Sheffield’s upcoming memoir release.
Serbia's NIS refinery, majority owned by Russia's Gazprom Neft, applied for a US sanctions waiver extension to continue crude imports pending its sale to Hungarian firm MOL. The waiver ensures energy stability before the current exemption expires on September 30.
Poland's Orlen SA reported progress in negotiations with billionaire Michal Solowow's Synthos Green Energy on a joint small modular reactor venture, aiming for an agreement by year-end to support nuclear expansion.
The US FDA approved Eli Lilly's once-weekly basal insulin Onswik for type 2 diabetes, potentially reducing annual injections by over 300 compared to daily alternatives. Approval followed late-stage trials involving over 3,400 adults showing efficacy comparable to existing treatments.
The Canadian government offered a 15% stake in the Trans Mountain oil pipeline to Indigenous communities, drawing criticism from leaders who argue for at least 30% ownership. The expanded pipeline facilitates significant crude oil exports to Asia following its C$35 billion completion.
Chinese soybean imports from Brazil have slowed sharply due to high prices squeezing margins, raising supply risks ahead of the Trump-Xi summit. Traders await potential US tariff cuts while state-owned firms ramp up American bean purchases.
Rosneft has commenced commercial oil exports from its Arctic Vostok Oil project via the Bukhta Sever terminal. Initial volumes average 150,000 bpd, with plans to reach 1 million bpd by 2030 despite sanctions.
Dangote and Ethiopian Investment Holdings plan to invest $660 million in a 120-kilometer petroleum pipeline and storage facilities linking Ethiopia to Djibouti. The project aims to enhance energy security and reduce logistics costs within three years.
ChemBrief