Repsol warns 90% of its crude supply risks violating new EU methane rules, potentially forcing refinery shutdowns. The company continues signing non-compliant contracts amidst supplier reluctance, hig
Repsol commissioned its second fully renewable fuel plant in Puertollano, adding 200,000 tons of annual capacity from waste feedstocks. The facility reduces CO2 emissions by 700,000 tons annually and
Repsol plans to restart its Sines cracker and butadiene units this June following long-term maintenance, restoring significant ethylene and propylene capacity. Concurrently, new €657 million LLDPE and
Repsol agreed to sell a 49% stake in its Spanish renewable assets to Masdar for approximately €850 million. The deal involves 706 megawatts across wind and solar farms and marks further expansion for
Spanish fuel wholesaler Hatta Energy SL filed an EU complaint alleging Repsol, BP, and Moeve engaged in anti-competitive practices to dominate Spain's hydrocarbon wholesale distribution market.
Repsol is set to regain operational control of its Venezuelan oil assets and boost production following a deal with the South American government, according to the Financial Times.
Sumitomo Chemical announced a major R&D reorganization, merging key laboratories and eliminating its battery materials division.
Sumitomo Seika Chemicals reported a profit decline due to an extraordinary loss from a product mischarge issue, though its super absorbent polymers business saw increased sales volume in China during
Repsol reported increased chemical losses despite a 20% margin boost from lower feedstock costs, as petchem sales dropped 5% amid challenging European market conditions.
Repsol reported a 51% year-over-year increase in average chemical indicator margins for 2025, with Q4 margins widening by 20% compared to the previous year.
Repsol has cancelled its planned 200-MW green hydrogen project in Spain, citing a lack of on-site renewable energy and a 50% rise in capital expenditure.
Saipem and Garbo secured a €15.5M grant for the ReNova ChemPET project, aiming to chemically recycle polyethylene terephthalate with operations expected by 2029.
Repsol's chemical profits rose as margins improved 21% year-over-year, despite a sequential narrowing. New LLDPE, PP, and UHMWPE plants in Portugal and Spain are expected to start up in 2026.
ChemBrief