As part of the eM-Rhône project, which focuses on producing e-methanol for the chemical industry and maritime transport, Elyse Energy and Tepsa France have formed a strategic partnership to advance low-carbon solutions. The collaboration marks a significant milestone in the development of sustainable energy infrastructure in France.

Under this partnership, the two companies will build and operate dedicated storage capacity at Tepsa’s Salaise-sur-Sanne site. This facility will play a key role in supporting the production, handling, and distribution of e-methanol, a cleaner alternative fuel with growing importance across multiple sectors.

SALAISE-SUR-SANNE – TEPSA FRANCE – ©Gilles-Dacquin

Tepsa France expresses its pride in supporting Elyse Energy in strengthening a domestic value chain for sustainable fuels. The initiative reflects both organisations’ commitment to accelerating the transition towards greener industrial practices and contributing to a more resilient, low-carbon future.

For more information visit www.tepsa.com  or www.elyse.energy

EEMUA has expanded its e-learning portfolio with the release of a new course on refrigerated liquefied gas (RLG) storage tanks.

The ‘Refrigerated Liquefied Gas Storage Tanks’ e-learning will benefit anyone involved in the design, operation or management of RLG storage facilities. There has been a dramatic expansion in RLG tank capacity worldwide over the past decade with the trend expected to continue over the next twenty years.

The 60-minute awareness-level course provides a concise introduction to the key engineering principles for the safe design, construction, operation, and maintenance of RLG storage tanks as set out in EEMUA Publication 147, Recommendations for refrigerated liquefied gas storage tanks.

The e-learning covers single, double and full containment storage tanks as well as membrane tanks for liquids down to -165°C, and essentially at atmospheric pressure. It applies to liquefied petroleum gas (LPG), ethylene, ethane, liquefied natural gas (LNG) and similar hydrocarbons, together with ammonia. The course is aimed primarily at engineers, technicians and managers responsible for RLG tanks, including design engineers, maintenance and inspection personnel, operations and project managers, and process safety professionals.

Individuals can access the e-learning through the EEMUA website and on completion take the online test to achieve awareness-level certification.

For more information visit www.eemua.org

LBC Vlissingen has been awarded a €6.6 million subsidy to further develop its terminal in Zeeland. The investment advances the transition toward a future-proof and sustainable port infrastructure.

The project encompasses the development of a terminal for the storage and transshipment of new energy products, the implementation of a digital twin to simulate and monitor terminal operations, and the creation of new jobs around this innovative facility. Through this initiative, LBC Vlissingen demonstrates a strong commitment to both technological advancement and the strengthening of the regional labour market.

The subsidy is provided under the OPZuid programme of the Just Transition Fund (JTF), a European fund that supports regions in their transition to a sustainable, climate-neutral economy and promotes projects that drive innovation, sustainable infrastructure and employment.

For more information visit www.lbctt.com

Sunoco LP has completed its acquisition of Parkland Corporation, the parent company of Sol Petroleum, effective November 1, 2025. With this milestone, Sol now becomes part of a broader energy platform spanning the Caribbean, Central America, South America, the United States, Canada and Europe.

The transition represents a strengthening of Sol’s long-term vision, with the company’s people and brands remaining at the core of its continued success, driving sustained growth across the region and positioning the business for future achievements.

Roger Bryan Appointed President

Leading Sol’s Caribbean business through this new chapter is Barbadian Roger Bryan, newly appointed president. Bryan brings over 30 years of experience in the petroleum industry, having served in a wide range of leadership roles across engineering, operations, marketing and commercial management. His expertise and leadership have long made him an integral part of Sol’s senior management team.

Bryan’s career includes 16 years at Shell, where he held senior positions influencing project management, commercial development, general management and government relations. He previously served as Shell Jamaica’s country chairman and general manager (LPG) for the Caribbean and Central America, with additional professional experience in Spain and the United Kingdom.

Within Sol over the past 19 years, Bryan has held roles such as vice president of Commercial Business, overseeing aviation and LPG, and vice president of Corporate Development, where he led mergers and acquisitions across the Caribbean. His track record of strategic insight and team development positions him to guide Sol in this new era as part of Sunoco LP.

Commitment to the Caribbean

Sol’s commitment to the Caribbean and the communities it serves remains constant. As part of Sunoco LP, the company will continue to support local employment, enhance community investment and deliver safe, reliable energy solutions to its customers. The combined strengths reinforce Sol’s dedication to operational excellence and long-term regional resilience.

Together with Sunoco LP, Sol is positioned to deliver enhanced service and energy solutions with greater scale, expanded capabilities and a renewed commitment to the region.

For more information visit www.solpetroleum.com

With the final delivery of critical components for Europe’s most sustainable ethane cracker construction project, deugro has successfully delivered a total of 85,500 cubic metres of cargo to the project site at the Port of Antwerp.

The first 52,600 cubic meters of cargo—ten oversized storage bullets weighing up to 738 metric tonnes and measuring up to nearly 50 meters in length—were delivered in two shipments from China. Following this, a further 33,000 cubic metres were shipped by three charters from the UAE and Oman. These encompassed a variety of oversized and heavy lift (OSHL) components, including a 331-metric-tonne marine control building measuring 32 × 15 × 6.8 metres; a 404-metric-tonne local equipment room building measuring over 25 × 14 × 7 metres; several substation units up to 438 metric tonnes and 35.9 × 12.6 × 7.2 metres; and a 338-metric-tonne local equipment room building measuring almost 30 metres in length.

The most impressive unit—a 1,040-metric-tonne substation measuring over 67 × 16 × 7 metres was shipped on the final vessel, the Rolldock Storm.

Complex Operational Challenges

Given the dimensions and weights involved, each movement demanded meticulous planning and operational precision. Strict project milestones imposed extremely tight shipping schedules. Simultaneously, the requirement for a specific berth at a persistently congested loading port necessitated intense coordination with port authorities. Additional challenges included adverse weather conditions and the mandatory rerouting of all vessels via the Cape of Good Hope due to the Red Sea crisis.

For safe delivery via a combination of deck carrier, heavy lift and semi-submersible vessels in accordance with the project schedule and budget, as well as the supplier’s and construction site’s individual requirements, deugro UK, acting as project control tower, assembled and orchestrated an experienced cross-disciplinary team of project managers, transport engineers and chartering experts from the UK, the Netherlands, Belgium, Germany, China, UAE and Oman.

Specialized Loading Solutions

To ensure maximum safety, most components were loaded via RO/RO, requiring intense planning—particularly concerning the SPMT configuration and the ramping system on the quayside. The 67-metre substation alone necessitated the mobilisation of two SPMT trains with 50-axle lines each and nearly 75 metres of quay packing to create a suitable ramp for safe transfer.

In addition to the main cargo, the final vessel was loaded on short notice with special self-loading equipment: a barge measuring 66.04 × 19.1 × 4.25 metres. Consequently, cargo had to be stowed partly on the vessel’s tween deck and simultaneously on the secured barge below. This required specialised loading, stowage and securing plans, including dual ballasting calculations.

Giovanni Nigro, Senior Naval Architect at dteq, said: “Even loading by means of two SPMT lines with 50 axles each represented a challenge, in conjunction with a particular fendering system at Hamriyah Port in UAE which didn’t allow the vessel’s ramp to get directly in line with the quay surface. To overcome this obstacle, a ramping structure of about 75 meters, composed of a mix of steel and azobe wood mats, was built on the quay to allow for a smooth driving of the axles on board. An additional operational and engineering challenge was the conditions of the cargo hold of a pre-loaded barge. This barge, an integral part of the vessel loading equipment, required an extensive assessment in terms of local and global strength, besides proper ballasting considerations during loading and securing.”

Technical Engineering Excellence

With dimensions of 67 × 16 × 7 metres and one-third extending over the vessel length, the 1,040-metric-tonne substation presented the biggest technical challenges.

Giovanni Nigro added: “Such modules require a very accurate evaluation of eventual deflections transferred by the vessel onto the module and the appropriate engineering to mitigate it. For the same reason, a different securing solution was engineered, consisting of transversal and longitudinal bracings that ‘choked’ the cargo inside the cargo hold while still allowing it to displace vertically and avoid structural stress generated from vessel deflections.”

Marco Lauwrier, country manager Benelux at deugro, said: “Acting as the on-site project manager, coordinating the delivery of over 85,600 cubic meters of critical components from China, UAE and Oman to the Port of Antwerp was no small feat. As intensive as the planning process was, being on the quayside during execution is the real differentiator, allowing for quick thinking and providing solutions as the loading environment constantly changes on these large-scale global projects.”

Ben Cunnington, country manager at deugro UK, said: “Thanks to the excellent collaboration with all partners, we were not only able to ensure the successful delivery of these complex and sensitive cargo units on schedule and in accordance with the highest safety standards. In close teamwork with the client, we were also able to successfully utilise the vessel’s substantial storage space, which had unexpectedly become available at short notice on the second ocean voyage, by flexibly collecting and loading over 6,000 cubic metres of additional cargo from the client—thereby avoiding significant dead freight costs.”

For more information visit www.deugro-group.com

Energy Capital Partners, a leading investment firm in the energy transition infrastructure sector, along with its 50/50 joint venture partner Centrica plc, has announced the completion of the Grain LNG acquisition from National Grid for an enterprise value of approximately £1.5 billion.

Matt Delaney, partner at ECP, said: “We are thrilled to partner with Centrica, who brings a wealth of knowledge and experience in the UK energy markets, as we execute our joint vision to enhance this world-class asset, expand our customer base, and set up Grain LNG for success for decades to come. With the UK and Europe’s growing need for dependable LNG supply, Grain LNG is uniquely positioned to deliver secure, affordable energy. This investment reflects ECP’s long-term commitment to supporting the energy transition by investing in strategic assets that deliver both reliability and sustainability.”

Slaughter and May acted as legal adviser to Centrica. Latham & Watkins served as legal adviser to ECP and to Garden Bidco Limited as purchaser.

About Grain LNG

Grain LNG is Europe’s largest LNG regasification terminal and is located at Isle of Grain, to the east of London. The core service is the provision of LNG storage and regasification capacity to primarily strong investment-grade customers under long-term, inflation-linked capacity contracts. The terminal has annual regasification capacity of 21.7 bcm and tank storage capacity of 1,000,000 cubic metres.

Grain is currently undergoing an expansion of 5.3 bcm additional regasification capacity and an additional 200,000 cubic metres of storage capacity. After completion of the ongoing expansion of the site, it will be able to provide up to a third of the UK’s gas demand. Grain also offers additional services such as ship reloading, transshipment and road tanker loading.

Long-Term Contract Portfolio

Grain is 100 percent contracted until 2029, more than 70 percent contracted until 2038 and more than 50 percent contracted to 2045. It is envisaged that future capacity auctions will be held on an arm’s length basis in accordance with current regulated third-party access requirements. Grain’s strategic location east of London offers efficient loading and storage capabilities and advantaged access to UK markets.

For more information visit www.ecpgp.com

HES Bulk Terminal Rotterdam (HBTR), the largest dry bulk terminal within the HES International network, has strengthened its commitment to sustainable logistics with the purchase of a Maxus E90L electric vehicle in October 2025 from Van Mossel Nijmegen. With an expected battery range of 340 kilometres, this rugged, off-road orientated vehicle marks a major step forward in reducing emissions across terminal operations and accelerating the shift toward cleaner on-site mobility.

The introduction of the Maxus E90L aligns with HES International’s wider ambition to modernise its fleet and reduce its environmental footprint. By integrating electric vehicles into daily operations, HBTR reinforces its position as an early adopter of innovative, low-emission technologies within the bulk logistics sector.

Paul van Gelder, Group CEO of HES International, stated, “Integrating electric vehicles like the Maxus E90L into our operational fleet reflects our proactive approach to sustainability and innovation. We are committed to reducing emissions while ensuring that our terminals remain efficient, reliable, and future-ready.”

As with most electric vehicles, HBTR expects the Maxus E90L to deliver lower maintenance needs compared to diesel-powered alternatives, supporting long-term cost efficiency and operational continuity. HBTR continues to explore opportunities for further electrification and technological upgrades across its terminal. Several additional initiatives are already under consideration to strengthen sustainability performance and enhance future operational capabilities.

For more information visit www.hesinternational.eu

i6 Group, a global leader in digital fuel management technology, has announced a new partnership with Slovnaft, a Slovak refining and petrochemical company that operates one of the most complex petroleum refineries in Europe. As part of the MOL Group, a leading integrated energy corporation in Central and Eastern Europe, Slovnaft will work with i6 to digitise into-plane operations at Bratislava Airport (BTS). The collaboration marks a significant milestone in the digital transformation of the region’s aviation fuel sector.

Transforming Fuel Operations in Central and Eastern Europe

By implementing i6’s connected platform, Slovnaft will streamline into-plane refueling at Bratislava Airport, integrating real-time data capture, automated dispatching and paperless workflows. The technology enables more precise fueling operations, live visibility across sites and improved collaboration between dispatchers, fuel operators and airline customers.

Alex Mattos, co-founder of i6 Group, said: “Partnering with Slovnaft, member of MOL Group, marks another important step in our expansion across Central and Eastern Europe. The company’s extensive network and experience across the full fuel value chain make them an ideal partner as we continue helping leading energy companies digitise and optimise their aviation operations.”

For more information visit www.i6.io

Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent producer.

Adura CEO Neil McCulloch, who brings more than 30 years of experience in the energy sector, said: “It’s a rare privilege to be part of a company’s first chapter. A commitment to safety, a belief in the future of the North Sea, and the combined expertise from Equinor and Shell form the foundation of our exciting new company. I can’t wait to begin working with this exceptional team.”

Strategic Joint Venture

Adura, jointly owned by Shell (50 percent) and Equinor (50 percent), combines decades of North Sea expertise into a joint venture positioned to deliver a more cost-competitive portfolio and maximize long-term value for UK assets.

Rich Howe, Shell’s executive vice president for Conventional Oil & Gas, said: “Forming the largest independent producer together with Equinor is an historic moment for our business and the UK energy industry. With an exceptional asset base and industry leading expertise, Adura is well-positioned to lead in this mature basin.”

Philippe Mathieu, Equinor’s executive vice president for Exploration and Production International, said: “Adura represents a new chapter in the UK North Sea, bringing together two strong portfolios and decades of experience. With the focus, scale and operational flexibility needed to succeed, the company is positioned for long-term impact. As owners, we are confident that Adura will generate long-term value and reinforce the UK North Sea’s role in meeting the country’s energy needs.”

Comprehensive Asset Portfolio

Adura assumes Equinor and Shell’s interests in 12 producing oil and gas assets and projects in execution, including: Mariner, Rosebank, Buzzard, Shearwater, Penguins, Gannet, Nelson, Pierce, Jackdaw, Victory, Clair and Schiehallion. The company also holds a number of exploration licenses.

The company is headquartered in Aberdeen. Staff from both Shell and Equinor have transferred into Adura, ensuring that industry-leading expertise is retained.

For more information visit www.equinor.com

Chane has announced the launch of its Connected Port Initiative, a comprehensive project designed to improve delivery reliability through smarter data integration and increased operational transparency. The initiative represents a strategic collaboration between Chane and its long-term technology partners UAB-online and Systems Navigator, the provider of the Dropboard planning and scheduling software.

Led by Chane’s customer service manager Lissy Helbers and operational excellence specialist Bob Möhlmann, the Connected Port Initiative aims to ensure that all stakeholders in the supply chain have access to clear, accurate and timely information.

“We want to make sure we deliver as reliably as possible on what we promise. To do that, everyone in the chain needs clear, accurate, and timely information,” said Möhlmann.

Advanced Data Integration

The project integrates multiple systems to enable seamless data flow across platforms, eliminating the need for duplicate data entry. Advanced applications will analyse past performance to help predict and manage future operations, providing tools that support operational decision-making.

A new shared portal will provide customers and third parties, including load surveyors, with enhanced real-time insight into vessel schedules and operations. “This improves transparency but also enables the whole supply chain to plan better and reduce delays,” said Helbers.

Strategic Partnership Approach

The Connected Port Initiative brings together UAB-Online, which facilitates remote data exchange with vessels before arrival to reduce waiting times, and Systems Navigator’s Dropboard platform, which coordinates vessel arrivals, berth allocations and resource usage in real time.

“It is about working closely with trusted partners to create solutions that add value for stakeholders across the chain,” noted Möhlmann. “Having one shared portal rather than multiple separate systems is a true step forward for all stakeholders.”

Visual Storytelling

To showcase the initiative, Chane has produced a short film that illustrates how the Connected Port Initiative operates in practice. The film takes viewers through the port of Rotterdam, using dynamic drone footage, on-site shots and animated graphics to demonstrate how data is exchanged at every step of the process.

“It is fast-paced, inspiring, and it shows exactly how information flows through our operation,” Möhlmann said.

For more information visit www.chane.eu

Vallourec, a world leader in premium tubular solutions, has announced the appointment of Nathalie Delbreuve as CFO of the Group. She will join the Executive Committee and assume her new role as of December 1, 2025. Nathalie Delbreuve was previously chief financial officer of Verallia, the European leader and world’s third-largest producer of glass packaging for beverages and food products. She will succeed Sascha Bibert who, following a transition period, will leave the group in December to pursue a new opportunity.

Philippe Guillemot, chairman of the board of directors and CEO of Vallourec, stated: “I am delighted to welcome Nathalie Delbreuve to our executive committee. Her strong expertise and in-depth knowledge of all finance functions required in an industrial and global business environment are essential assets that will contribute to Vallourec’s future development. With Nathalie joining the team, we remain focused on improving profitability and return on invested capital as we drive Vallourec towards operational excellence.”

Nathalie Delbreuve Biography

Nathalie Delbreuve began her career in 1996 at the audit firm PwC in the Netherlands and then in Lyon. In 2003, she joined the Norbert Dentressangle group (now XPO Logistics) and became finance controller and member of the executive committee of the transport division. In 2010 she became Director of Group Consolidation and Management Control at Plastic Omnium (now OPmobility) and then Chief Financial Officer Europe for the Intelligent Exterior Systems division in 2015.

In 2020 she joined Verallia Group following the IPO sponsored by Apollo and was appointed Group CFO, member of the Executive Committee. She pursued the financing restructuring and the strengthening of the finance function, supporting the two investment-grade ratings obtained by the company. Since 2022, Nathalie Delbreuve has also been a member of the Board and Chairman of the Audit Committee of Beijer Ref Group (Nasdaq Stockholm). Nathalie Delbreuve is a graduate of ESCP Europe with a master’s degree in finance.

For more information visit www.vallourec.com 

North Atlantic France has announced the successful closing of its acquisition of an 82.89 percent controlling interest in Esso S.A.F. at €26.19 per share and 100 percent of EMCF from ExxonMobil following a competitive auction process initiated in 2024.

The transaction has received all required regulatory approvals, including French foreign direct investment authorisation and clearance under the EU Foreign Subsidies Regulation. As of today’s closing, Esso S.A.F. has been renamed North Atlantic Energies, marking the beginning of a new chapter for a key player in France’s energy and industrial landscape.

Ted Lomond, president and CEO of North Atlantic Group, said: “This acquisition represents a major step forward in North Atlantic’s international expansion. Over the past four decades, we have successfully transformed and operated complex industrial assets across Canada, combining safety, performance and sustainability. We bring that same commitment to France, where we aim to invest for the long term and support the energy transition. With the creation of North Atlantic Energies, we are proud to establish a bridge between North America and Europe which reflects our ambition to build a premier transatlantic energy group.”

Simon Fenner, president of North Atlantic France, added: “Today marks the start of a new chapter for North Atlantic Energies, and a strong signal of our long-term confidence in the Gravenchon site and its teams. I am proud of all the teams involved in making this transition a success, and of our shared ambition to strengthen Gravenchon’s position as a world-class industrial platform in the years to come. We see major opportunities to invest, to grow, and to contribute to the vitality of the Normandy region and to France’s energy and industrial future.”

North Atlantic will ensure that North Atlantic Energies sustains its commitment to maintaining the highest standards of product quality and service, and to sustaining trusted relationships with its customers across France and beyond. North Atlantic Energies will also continue to collaborate with ExxonMobil under long-term supply and technology agreements that ensure operational continuity while supporting innovation and reliability.

Next steps

In accordance with French securities law, North Atlantic France will implement a simplified tender offer (the “Offer”) for the remaining North Atlantic Energies shares not already held by North Atlantic France, at an offer price of €28.93 per share. In this context, and as previously disclosed, the board of directors of Esso S.A.F., now North Atlantic Energies, has appointed Ledouble SAS, represented by Ms. Agnès Piniot and Mr. Romain Delafont, as an independent expert to issue a fairness opinion on the financial terms of the Offer which North Atlantic France intends to file with the AMF upon completion of the independent expert’s work. North Atlantic France also intends to implement a squeeze-out procedure if the conditions are met at the end of the Offer.

For more information visit www.northatlantic.ca

Sunoco LP and SunocoCorp LLC have announced that Sunoco completed the acquisition of Parkland Corporation on October 31, 2025.

Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday, November 4, 2025. Until such time, the shares will continue to be traded on the Toronto Stock Exchange.

The Common Units of SunocoCorp to be received by Parkland shareholders in connection with the Transaction will begin trading on the New York Stock Exchange on Thursday, November 6, 2025 under the ticker symbol “SUNC.” This will follow the settlement of the Parkland shares and completion of the allocation process for the SunocoCorp Common Units.

For more information visit www.sunocolp.com

Aster, a leading provider of energy and chemical solutions in Southeast Asia, has announced an agreement with Hitachi Asia Ltd (Hitachi) to acquire advanced compressor solutions to double its ethylene export capacity at the Aster Bukom island facility. The investment strengthens Aster’s ability to meet rising regional and global demand for ethylene, a vital petrochemical building block for products spanning plastics, textiles and specialty chemicals.

Under the agreement, Hitachi, through its factory in Japan operated by Hitachi Industrial Products, Ltd., will deliver two new compressor units for scheduled delivery in January 2027. The investment will enable installation of a parallel ethylene chiller system, expand outbound ethylene logistics and enhance operational flexibility and efficiency. The project will also deepen synergy between Bukom and the Chandra Asri cracker facility in Cilegon, unlocking further integration and optimisation across the regional C2 derivatives value chain.

Mashhad Dohadwala, Aster’s director for projects & technology, said: “With the installation of a parallel chiller to double ethylene export capacity, Aster is strengthening the regional supply network while supporting Singapore’s position as a key petrochemical export hub, backed by 1.1 million metric tons of cracker capacity annually. This project complements Aster’s continued focus on efficiency, reliable supply and innovation as outlined in our recent investments, including enhancement of crude and product logistics, renewable operations and the expansion of sustainable packaging solutions. Our partnership with Hitachi is a clear demonstration of how we are expanding our assets with trusted global partners to build a resilient and integrated chemicals ecosystem.”

Chew Huat Seng, general manager of Industrial Products Business Unit, Hitachi Asia Ltd., said: “We are honoured to be part of this critical expansion project led by our valued customer. Building on a long and deep-rooted partnership with Aster, Hitachi Asia and Hitachi Industrial Products will ensure smooth project execution, delivery, commissioning and further our long working term relationship with Aster. We remain focused on delivering meaningful goals and shaping a sustainable future together.”

For more information visit www.aster.com.sg

Gerotto has signed an exclusive distribution agreement for Italy for the sale of magnetic robots for cleaning the vertical walls of tanks, ships and metal structures. Thanks to this partnership, the Italian company completes its already wide range of robotic solutions for remediation in confined spaces and areas at risk of explosion.

In particular, MagTrack was presented at ECOMONDO 2025: it is a modular system built around a universal carrier. The crawlers are designed to be used on flat and slightly curved steel surfaces. Depending on the application, the carrier can easily be fitted with a full range of modular tools. All water jetting tools work with high pressure jets up to 3000 bar.

«Italy – comments Arco Den Hollander, international sales manager at Derc Salotech – is a very interesting market for industrial cleaning because it boasts numerous industrial assets in different sectors. Gerotto is a company with which we share an approach to innovation and is the ideal partner to bring a new approach to cleaning operations».

“Derc Salotech,” says Alessandro Gerotto, president and CEO of Gerotto, “is a European leader that has built a reputation for excellence in industrial cleaning over time. We are delighted with this partnership, which is based on mutual respect and a vision focused on robotics and innovation.”

“Becoming the Italian distributors for Derc Salotech,” emphasises Daniel Devò, sales manager of the Gerotto Robotics Business Unit, “was a natural step to complete the range of robotic solutions we already offer: like Gerotto, we specialise in no-man entry robots that vacuum material from the bottom of tanks. With Derc’s magnetic robots, we are able to meet the needs of customers who also require state-of-the-art machinery to work in complete safety on vertical surfaces.”

For more information visit www.gerotto.it

Stolt-Nielsen has been awarded the Chemical Logistics Service Leader of 2025 at the Global Chemical Supply Chain (China) Summit, held this year in Shanghai.

The recognition forms part of the prestigious Chemical Golden Chain Awards, which celebrate excellence and innovation across the chemical supply chain. The award shines a spotlight on the commitment and operational expertise demonstrated by teams spanning Stolt-Nielsen’s core liquid logistics divisions — Stolt Tankers, Stolthaven Terminals, and Stolt Tank Containers.

According to the Summit committee, the accolade reflects the Group’s sustained focus on safety, efficiency, and reliability in liquid chemical logistics, as well as its ongoing collaboration with customers and industry partners.

Stolt-Nielsen emphasised that the award also honours the technical knowledge, discipline, and passion of its global workforce, who support chemical transport, handling, and storage across highly regulated international markets.

Speaking on behalf of the business, Yong Jin Ng, regional director of China, expressed appreciation for both customer partnership and internal alignment.

He said the award highlighted “the continued trust of customers and partners, and the dedication of Stolt-Nielsen’s operational teams who safeguard every shipment and push for higher standards in an evolving market.”

He added that Stolt-Nielsen would “continue to uphold the highest operational and compliance standards, working alongside industry stakeholders to shape a safer, more sustainable and more efficient chemical logistics ecosystem.”

The Group reiterated that this purpose remains aligned to its long-term mission of enabling industrial progress through secure and cost-effective liquid logistics, delivered via integrated assets across sea, port, and land.

For more information visit www.stolt-nielsen.com

VTTI has announced the successful commissioning of its new bitumen facility at VTTI Malaysia (ATB), marking another milestone in the company’s continued growth and investment in Asia.

Janice Kuan, senior vice president commercial at VTTI, commented on the development: “This development reinforces VTTI’s commitment to delivering energy solutions that support our regional growth, diversification and reliability across Southeast Asia. We are ready to provide safe, reliable and responsive bitumen services to our customers – supporting the infrastructure that connects communities and drives economic growth.”

Following the successful commissioning and first bitumen import, VTTI Malaysia has taken another step forward in delivering trusted energy logistics solutions to meet the region’s growing infrastructure and industrial needs.

The expansion brings VTTI Malaysia’s total commercial storage capacity to 1.45 million cubic metres, broadening the company’s product portfolio to include gasoline, jet fuel, gasoil, fuel oil, crude oil, biofuels and now bitumen.

Bitumen, also known as asphalt, is a vital material for modern infrastructure, used in roads, airport runways and waterproofing applications. As urbanisation accelerates across the region, demand for secure and efficient bitumen supply and storage continues to grow.

Looking ahead, VTTI remains committed to advancing its bitumen operations to meet the evolving needs of communities and economies throughout Southeast Asia.

For more information visit www.vtti.com

Africa’s Dual Imperative

The African continent stands at a pivotal juncture, defined by a dual imperative that will shape its economic trajectory for the decades ahead: achieving universal energy access (SDG7) by 2030, while simultaneously orchestrating a rapid, inclusive green industrial transformation. Success in this decade hinges on overcoming the glaring ‘Paradox of Abundance’ and the so-called “Resource curse”.  Africa possesses extraordinary endowments—an estimated 60% of the world’s best solar resources, a massive 300 GW of untapped hydropower potential (of which only 11% is exploited), and vast deposits of critical minerals essential for the global clean energy transition. Yet over 600 million people still lack access to electricity, and the continent currently attracts less than 2% of global clean energy investments. This stark mismatch, coupled with low manufacturing value added (MVA) to GDP and a negative manufacturing trade balance, confirms that the primary hurdles on Africa’s road to universal access and green industrialisation are not geological or technological, but systemic.

Author: Towela Nyirenda-Jere, head of AEEP Secretariat.

Africa’s long-term success lies in building the institutional structures necessary for a unified African energy market. This foundational vision rests on the African Single Electricity Market (AfSEM) and its technical blueprint, the Continental Power System Masterplan (CMP). Both are Flagship Projects of the AU Agenda 2063. This article outlines the pathways for Africa to seize this moment, making the case for a renewed green partnership of equals with Europe to unlock both energy access and industrial might.

Bridging the Access Gap with Decentralized Solutions

For Africa to come within reach of the ambitious SDG 7.1 universal access target by 2030, the rate of progress must accelerate significantly. This urgency necessitates a strategic shift towards rapid, scalable solutions that can effectively leapfrog conventional grid-based development models in underserved regions.

Decentralised Renewable Energy (DRE), encompassing robust mini-grids and stand-alone solar systems, is universally recognised as the fastest and most vital pathway to closing the access deficit. DRE technologies are game changers, particularly for connecting communities in rural and remote areas where conventional grid extension is either prohibitively expensive or technologically unviable in the short term. However, the mass deployment of DRE is often stalled by profound regulatory fragmentation and complexity

Under the umbrella of the African Single Electricity Market (AfSEM), African institutions are actively standardising regulatory best practices for mini-grids across the continent. This collaborative effort focuses on developing and validating guidelines—such as the African Model Mini-Grid Regulations Tool—designed to help national regulators standardise complex licensing procedures, define cost-reflective tariffs, and establish clear commercial rules for integration with the main grid. Improving and harmonising these national frameworks dramatically reduces regulatory risk, which is the essential first step to mobilising the private capital needed for mass DRE deployment and ensuring the millions currently unconnected gain access to reliable power.

Green Industrial Transformation

The second, non-negotiable pathway for Africa is leveraging its energy resources to achieve Green Industrial Transformation and secure a central, high-value role in the global clean energy economy. This rests on three complementary pillars.

First, Africa must use its vast, low-cost RE (solar, wind, and hydro) to catalyse industrial growth by creating competitive, energy-intensive manufacturing hubs. By strategically deploying utility-scale RE plants and developing dedicated, high-capacity transmission corridors, African nations can guarantee the reliable and affordable electricity necessary for large-scale industrial operations, such as textiles, automotive assembly, and chemical production. This approach transforms low-cost RE from an environmental asset into a direct economic advantage, enabling locally manufactured goods to compete with imports. This requires focused public and private investment in grid modernisation, digitalisation (smart grids), and energy storage solutions to ensure these hubs receive the 24/7 high-quality power needed to anchor sustained industrial output.

Second, the continent must pursue localising the clean energy supply chain by moving beyond raw material extraction. By leveraging low-cost renewable power to process its Critical Minerals (CRMs)—such as cobalt, lithium, and graphite—Africa can establish regional manufacturing hubs for components like battery precursors, solar panels, and wind turbine parts, meeting both burgeoning domestic and intra-African demand under the AfCFTA. This strategy, emphasised by the African Green Minerals Strategy (AGMS), drives economic diversification and secures greater retained wealth by turning mineral reserves into value-added, finished industrial goods.

Third, Green Hydrogen (GH₂) and Power-to-X (PtX) technologies offer massive opportunities, but only if anchored in African development needs. For Africa, the goal must not be merely to export green molecules but to use GH₂ as a vital input for green industrial processes at home, such as creating green iron and green steel from locally sourced minerals. This elevates exports from raw materials to high-value-added products, supporting industrialisation and establishing a new era of resource-based development.

The Africa-EU Partnership: Mobilizing Ambition towards a Green Partnership of Equals

The Africa-EU Energy Partnership (AEEP) and the EU’s Global Gateway strategy are essential vehicles designed to translate Africa and Europe’s shared energy ambitions into tangible action. The Global Gateway has pledged approximately €150 billion for sustainable infrastructure in Africa, with the Africa-EU Green Energy Initiative (AEGEI) targeting the deployment of at least 50 GW of new renewable electricity capacity and ensuring access for at least 100 million people by 2030.

The EU’s support is vital for both large-scale Variable Renewable Energy (VRE) and Decentralized Renewable Energy (DRE). For VRE, Global Gateway funds high-voltage transmission lines and cross-border interconnectors (like the Zambia-Tanzania Interconnector) essential for integrating large-scale solar and wind projects. For DRE, it directly targets rural electrification projects, including mini-grids and off-grid systems in countries like Cameroon and Madagascar, which are the fastest, most effective pathways to access.

However, for the partnership to succeed, it must move decisively beyond the traditional “donor-recipient” dynamic to a partnership of equals. This requires co-creation and shared (green) value chains, ensuring mutual agenda-setting and shared benefits. This means that in addition to providing opportunities for European private sector, European investments must prioritize local processing and manufacturing in Africa. At the same time, African institutions must play an active role in setting the joint strategic agenda, designing financing, and monitoring implementation.

In conclusion, the path to a prosperous, sustainable Africa runs directly through energy access and industrialisation. The foundations, built upon the AU’s Agenda 2063 and flagships such as AfSEM and CMP and reinforced by political platforms such as the AEEP and the financial muscle of initiatives like Global Gateway, are now firmly in place. However, the successful translation of political vision into scalable infrastructure hinges on resolving systemic structural weaknesses. By focusing on these Africa and Europe can leverage their unique position to bridge the gap between continental aspiration and on-the-ground reality, ensuring that the next decade delivers universal energy access and a just, green industrial future for both continents.

Dr. Towela Nyirenda-Jere will be among the distinguished speakers at the Africa Energy Indaba 2026 – Africa’s premier energy conference and exhibition – happening 3-5 March 2026 in Cape Town. Join policymakers, investors and innovators driving the continent’s sustainable energy transformation. 

For more information visit www.africaenergyindaba.com

Peninsula has announced the expansion of its strategic infrastructure at the Port of Rotterdam with the opening of a new storage and blending facility at Chane Terminal. The development marks an advancement in Peninsula’s commitment to delivering sustainable and flexible fuel solutions to customers across Europe.

Phase 1: Now Live

Peninsula’s Chane Terminal features nine new tanks dedicated to biofuel blending and storage, with a total capacity of 30,000 cubic metres. The facility is ISCC certified and Nea registered, ensuring full compliance and traceability for all operations. Enhanced infrastructure includes three jetties and seven berths for barges up to 135 metres, plus a jetty for seagoing vessels, supporting efficient logistics and inter-terminal transfers (ITT) with major oil companies.

Phase 2: Expansion

The second phase, scheduled for January 2026, will bring an additional eight tanks online, boosting total capacity to 110,000 cubic metres. This expansion strengthens Peninsula’s operational capabilities in the ARA region and reinforces its role as a key player in supporting Europe’s energy transition.

Peninsula’s new setup allows for the blending of any biofuel grade (HSFO/VLSFO), from B5 to B100, with full control over the blending process and product quality. The facility’s flexibility enables Peninsula to blend products to preferred ratios, enhancing both quality and customer choice.

The Chane Terminal will play a pivotal role in advancing Peninsula’s biofuel strategy, supporting decarbonisation efforts and delivering value to customers throughout Europe.

Thomas Van Hoeteghem, regional supply manager North-West Europe at Peninsula, commented: “We are delighted to expand our footprint in Rotterdam, Europe’s largest port. This new facility not only strengthens our operational capabilities but also demonstrates Peninsula’s ongoing commitment to sustainable marine energy solutions. By investing in advanced infrastructure and flexible blending options, we are empowering our customers to meet their decarbonisation goals with confidence.”

For more information visit www.peninsula360.com

HES International, together with the Netherlands Business Support Office (NBSO) Lyon, hosted the Ambassador of the Kingdom of the Netherlands, Mr. Jan Versteeg, in Marseille for a strategic meeting focused on strengthening business ties between France and the Netherlands.

A key focus of the discussions was the further development of bilateral business relationships between the two countries, exemplified by HES International’s expansion in Fos-sur-Mer in July 2025. The expansion serves as a demonstration of how Dutch companies can successfully grow in the region through close collaboration with local partners.

Image: HES International

Jeroen van der Neut, Group COO of HES International, outlined the rationale behind the company’s decision to expand: “We see a positive economic outlook for the region across key European industrial segments such as steel and cement, which was a major driver behind our decision. Of course, this would not have been possible without the excellent partnerships we have built with the ecosystem of local, regional and national stakeholders.”

The meeting brought together representatives from several key organisations in the port ecosystem, including the GPMM (Grand Port Maritime de Marseille), the GMIF (Groupement Maritime et Industriel de Fos), the UMF (Union Maritime et Fluviale), as well as Dutch Honorary Consul Camille Trillat. These stakeholders play a central role in developing Fos-sur-Mer into a globally attractive logistics hub.

Ambassador Versteeg emphasised the importance of Franco-Dutch cooperation, stating: “Initiatives like this show how collaboration between our two countries can create real, sustainable economic value. Fos-sur-Mer is a strategic gateway, and partnerships of this kind strengthen our shared ambition for long-term growth.”

The meeting concluded with an agreement to continue strengthening this collaboration. The Embassy, NBSO Lyon, HES International and local partners reaffirmed their commitment to facilitating Franco-Dutch cooperation and working together to position Fos-sur-Mer as the Mediterranean logistics hub of choice for key, resilient industries.

For more information visit www.hesinternational.eu

PortXchange, a digital solutions provider focused on accelerating the maritime industry’s transition to lower emissions and smarter port operations, has been named as one of three finalists in the European DIGITAL SME Award’s Green Category. The awards recognise small and medium-sized enterprises (SMEs) developing digital solutions that contribute to positive change.

The Green Category honours digital SMEs that have demonstrated how technology can drive positive environmental outcomes. This year’s finalists represent organisations advancing digital innovation and data-driven sustainability across multiple sectors. The nomination acknowledges technologies that create measurable climate impact and contribute directly to greenhouse gas emissions reduction, with PortXchange shortlisted alongside Builtrix and Vaayu.

Sjoerd de Jager, CEO of PortXchange

PortXchange earned its nomination for EmissionInsider, its flagship emissions-intelligence platform that provides ports with comprehensive visibility into emissions across sea-going vessels, barges, trucks and rail. By delivering a transparent overview of a port’s emissions footprint, the platform enables more informed decision-making and accelerates decarbonisation throughout the port ecosystem.

EmissionInsider combines AI-driven intelligence with hotspot and heatmap analysis to identify key emission sources and patterns. The platform provides detailed breakdowns by vessel, facility, modality and pollutant, and supports shore power planning through demand and avoided-emissions insights. It also includes “what-if” scenario modelling and voyage-emissions tracking, delivering standardised reporting that integrates seamlessly with third-party systems.

The Port of Rotterdam, the launch customer, uses EmissionInsider across multiple departments to standardise reporting, prioritise decarbonisation investments and coordinate environmental action across the wider port community.

As a certified B Corporation, PortXchange’s recognition in the Green Category reinforces its commitment to using business as a force for good. The company’s mission to reduce emissions and improve efficiency across global port ecosystems extends beyond technology delivery, reflecting a broader responsibility to support sustainable maritime operations, transparent reporting standards and collaborative climate action. The nomination underscores how PortXchange continues to uphold B Corp principles while scaling tools that help ports deliver measurable environmental progress.

PortXchange’s shortlisting follows a year of significant growth, marked by expanded collaborations across Northern and Southern Europe and the launch of new decarbonisation projects in the Americas. The company works closely with ports that treat emissions reduction as a strategic imperative and a catalyst for long-term operational resilience.

Sjoerd de Jager, CEO of PortXchange, commented on the nomination: “To be recognised as one of three finalists confirms the importance of the work we’re doing. EmissionInsider proves that ports don’t have to wait for 2030 or 2050 to take meaningful action; they can, and should, reduce emissions now. Transparent, data-driven insight is the foundation of credible decarbonisation. This nomination reflects the dedication of our team and the ports choosing to lead rather than wait.”

As regulatory, financial and community expectations rise, ports face growing pressure to understand and reduce the full scope of their emissions. EmissionInsider enables ports to move beyond static reporting and embrace data-driven climate management, a crucial step toward building lower-emission ports of the future.

The European DIGITAL SME Awards Green Category recognises digital solutions that contribute to measurable emissions reductions and support the shift toward more sustainable operations across various industries. The awards ceremony will take place in December, where PortXchange CEO Sjoerd de Jager will attend on behalf of the company.

PortXchange’s selection as a finalist highlights how its technology is helping accelerate the transition within the port sector, enabling cleaner, more efficient and more sustainable port ecosystems.

For more information visit www.port-xchange.com

The Ministry of Petroleum and Mineral Resources of Timor-Leste (MPRM) and Woodside Energy Ltd have announced the signing of a Cooperation Agreement to advance studies for a Timor-based liquefied natural gas (LNG) development. The agreement represents a significant step forward in efforts to develop the Greater Sunrise gas fields and signals renewed collaboration between the parties.

Under the terms of the agreement, MPRM and Woodside will undertake commercial and technical work to mature a greenfield Timor-based LNG facility with an approximate capacity of 5 million tonnes per annum. The proposed project would include a domestic gas facility and a helium extraction plant. These maturation activities will proceed alongside ongoing negotiations between the Sunrise Joint Venture and the Timor-Leste and Australian governments regarding fiscal, regulatory and legal frameworks for the upstream development of Greater Sunrise.

The agreement outlines a high-level plan identifying key activities needed to advance the opportunity. According to the framework, first LNG production could potentially commence between 2032 and 2035, contingent on concept selection and final investment decisions.

Timor-Leste’s Minister of Petroleum and Mineral Resources, His Excellency Francisco da Costa Monteiro, said the agreement demonstrates alignment between the Government of Timor-Leste and Woodside in their shared goal of bringing Greater Sunrise into production in a manner that benefits all stakeholders.

“The TLNG project presents the best economic, social, and strategic benefits for the people of Timor-Leste, and we are committed to working constructively with Woodside, the Greater Sunrise joint venture and other parties to take the project forward and to make our vision for Greater Sunrise a reality,” the minister stated.

Woodside CEO Meg O’Neill welcomed the agreement as the next step in the relationship and the shared commitment to developing the Greater Sunrise fields. She explained that the work builds on last year’s concept study and will address remaining considerations necessary for concept selection, including establishing an appropriate downstream commercial structure to attract financing and determining the preferred route for the gas export pipeline.

For more information visit www.woodside.com

In a recent analysis authored by Malcolm Forbes-Cable, vice president of Upstream and Carbon Management Consulting, and Will Taylor, principal consultant for EMEA Downstream Consulting at Wood Mackenzie, the central role of the United Kingdom in Europe’s oil supply chain is brought sharply into focus. Their independent study—commissioned by Ithaca Energy and endorsed by Offshore Energies UK (OEUK)—reveals the true extent of the interconnected energy system that binds the UK and continental Europe.

Forbes-Cable and Taylor highlight that Europe’s energy security rests on a foundation more complex and integrated than many fully appreciate. The continent relies on imports for 80 percent of its crude oil needs, consuming approximately 12.6 million barrels per day (b/d) while producing only around 2.5 million b/d domestically. Within this landscape, the United Kingdom emerges not as a peripheral participant but as a critical stabilising force.

According to the authors, the UK is Europe’s second-largest oil producer after Norway, and its crude oil flows are essential to maintaining refining activity across the region. More than 80 percent of UK crude production is exported, with 86 percent of those exports bound for European refineries. This includes a significant pipeline of 370,000 b/d moving to Northwest Europe—volumes that represent nearly three-quarters of all UK crude exports.

The analysis underscores the mutual dependence that defines the UK-Europe oil relationship. After processing UK crude, Northwest European refineries send 288,000 b/d of refined oil products back to the UK. In total, 89 percent of UK crude production is refined somewhere in Europe. Remarkably, Forbes-Cable and Taylor note that 65 percent of the crude produced in the UK ultimately serves the UK market, either through domestic refining or by returning as imported refined products from Europe.

This ecosystem, the authors argue, demonstrates a crucial reality: the UK and Europe function as a single, deeply integrated energy system. UK crude production supports the stability of European refining, helps diversify regional supply sources, and reduces reliance on imports from outside Europe. In return, European refining capacity provides the UK with access to a broad slate of refined products, enhancing supply flexibility and strengthening national energy security.

As Forbes-Cable and Taylor emphasise, this interdependence must not be overlooked as Europe navigates the energy transition. Policy decisions made in the UK directly influence European refining markets, while changes in European refining policy reverberate back across the UK’s supply chain. In their view, the role of UK crude production is not merely important—it is critical to the resilience and stability of Europe’s broader energy system.

Their report ultimately illustrates a fundamental truth: the UK and Europe are not separate actors competing within an isolated marketplace. They are partners in an integrated network whose cooperation underpins regional energy security today and will continue to do so as both sides navigate the complexities of future energy policy.

For more information visit www.woodmac.com

OCI Global, a leading global producer and distributor of nitrogen products, has announced an agreement to sell 100 percent of its equity interests in OCI Ammonia Holding B.V. to AGROFERT, a.s., a notable European nitrogen products manufacturer, for a total consideration of EUR 290 million.

OCI Ammonia Holding owns two key operational entities: OCI Terminal Europoort B.V., OCI’s ammonia import and storage terminal in Rotterdam, and OCI Ammonia Distribution B.V. OCI’s ammonia distribution platform serving third-party off-site European customers.

The transaction is expected to close during the first half of 2026, subject to satisfaction of certain regulatory approvals, other customary closing procedures, and OCI N.V. shareholder approval at an extraordinary general meeting to be convened.

Despite the sale, OCI Nitrogen OCI’s production facility in Geleen will maintain access to OTE through a throughput agreement, ensuring continued ammonia sourcing flexibility for the production site.

OCI continues to evaluate strategic options for its production facility in Geleen and has indicated it will provide market updates on this matter in due course.

The divestment allows OCI Global to streamline its portfolio while AGROFERT expands its presence in European nitrogen product distribution and storage infrastructure.

For more information visit www.oci-global.com

Vivo Energy has announced the signing of a Share Purchase Agreement (SPA) to acquire 100 percent of the shares in TotalEnergies Marketing Jordan, marking the company’s entry into a new strategic market.

Upon completion of the transaction, Vivo Energy—which currently operates approximately 4,000 service stations across 28 markets—will assume control of TotalEnergies Marketing Jordan’s operations. The acquisition includes a network of around 180 service stations in Jordan, along with the company’s commercial fuels and lubricants businesses.

For Vivo Energy, the acquisition reinforces its regional presence and supports its established track record of expanding into high-potential markets.

Stan Mittelman, CEO of Vivo Energy, described the significance of the transaction: “This agreement marks an exciting new step for Vivo Energy as we expand beyond our current 28 markets into Jordan – a market with strong and stable fundamentals and a talented workforce. We share a common focus on safety, operational excellence, and customer service, and we look forward to supporting continued growth in the market.”

Vivo Energy’s operational model centres on empowered local management teams that effectively serve customers and stakeholders—an approach the company intends to implement in Jordan.

Mittelman outlined the company’s vision for the Jordanian operations: “This acquisition aligns perfectly with our strategy to build a stronger, more diversified downstream energy company. Upon completion, we intend to introduce our Engen retail brand, and bring additional technical expertise and innovation to Jordan, while respecting and learning from the deep local knowledge and experience of the existing team.”

Completion of the transaction remains subject to regulatory approvals and fulfilment of conditions precedent. Until the transaction closes, TotalEnergies will continue operating the business and will collaborate closely with Vivo Energy to ensure a seamless transition for employees, dealers, partners, and customers.

The acquisition represents Vivo Energy’s commitment to building a more diversified downstream energy portfolio while leveraging local expertise and maintaining operational excellence across its expanded network.

For more information visit www.vivoenergy.com

The outcomes of the recent G20 Leaders’ Summit have placed a spotlight on one of the most pressing challenges facing emerging markets: the high cost of capital and the urgent need to de-risk energy investment. For Africa — a continent with the world’s fastest-growing population and rising electricity demand — the G20 declaration presents new momentum for change.

In its final communiqué, the G20 called for affordable, accessible financing, greater use of blended finance, and the expansion of risk-mitigation tools such as guarantees, insurance products, and credit-enhancement facilities. These interventions are essential to enable the scale of energy investment required globally and across Africa. According to international estimates, Africa needs to more than triple its annual energy investment by 2030 to meet development goals, electrify underserved communities, and integrate growing renewable energy capacity.

Yet Africa continues to face systemic barriers that constrain the flow of capital: elevated sovereign risk ratings, high borrowing costs, currency volatility, limited access to long-term debt, and early-stage project risks that prevent even strong IPP proposals from reaching financial close. The G20’s reaffirmed commitment to reduce the cost of capital for developing economies is therefore directly aligned with Africa’s energy investment priorities.

At this critical juncture, the Africa Energy Indaba serves as the pre-eminent marketplace where these global financing commitments can be translated into actionable investment opportunities. The Indaba brings together development finance institutions (DFIs), multilateral banks, private equity investors, sovereign wealth funds, project developers, utilities, regulators, and government leaders to shape pathways for investment acceleration.

A key focus of the 2026 Indaba will be Financing & De-Risking African Energy, with discussions designed to unpack:

• Practical applications of blended finance solutions to reduce upfront project risk
• New guarantee mechanisms for sovereign and off-taker risk
• Emerging models for local currency financing and tools to manage FX exposure
• The expanding role of political risk insurance in cross-border energy trade
• DFI-supported project preparation facilities that lift early-stage projects to bankability
• Structuring creditworthy PPAs and regional power trading frameworks

By convening global and African financiers under one roof, the Africa Energy Indaba enables participants to convert high-level G20 commitments into bankable transactions, accelerating the pipeline of energy projects across renewables, transmission, storage, distributed power, gas-to-power, and industrial energy systems.

African governments and private sector developers stand to benefit significantly from these global financing shifts — but only if partnerships, advisory capacity, and risk-sharing instruments are deployed effectively. The Indaba’s ecosystem of financiers and technical partners provides a direct channel for this alignment.

As the G20 calls for smarter, lower-cost financing to unlock global energy transitions, the Africa Energy Indaba is where Africa turns these commitments into real, bankable projects.

The 2026 Africa Energy Indaba invites stakeholders across the energy value chain to participate in shaping the continent’s investment future. With energy demand rising, infrastructure gaps widening, and global financing mechanisms evolving rapidly, the time for coordinated action is now.

About Africa Energy Indaba:
The Africa Energy Indaba is the continent’s premier platform connecting governments, developers, and investors to unlock Africa’s energy opportunities. Taking place from 3 – 5 March 2026 in Cape Town, the event addresses the most pressing issues in Africa’s energy sector while highlighting pathways for sustainable growth and innovation.

For more information visit www.africaenergyindaba.com

POSCO INTERNATIONAL has established a comprehensive palm oil value chain spanning from seed development to biofuel feedstock production through two simultaneous strategic initiatives in Indonesia. Last week, the company secured management control of Sampoerna Agro, one of Indonesia’s leading palm companies, while inaugurating a major new palm oil refinery on the same day.

Strategic Acquisition Expands Global Footprint

On November 19, POSCO INTERNATIONAL acquired shares in the Indonesian-listed company Sampoerna Agro, becoming its largest shareholder and securing management control. The acquisition, designed to expand the company’s global palm business value chain, represents a total investment of approximately KRW 1.3 trillion based on the exchange rate at the time of disclosure.

The acquisition adds 128,000 hectares of plantations—an area more than double the size of Seoul—to POSCO INTERNATIONAL’s portfolio. Combined with existing plantations in Papua, Indonesia, the company now controls a total global farming base of 150,000 hectares.

As a prominent Indonesian-listed company, Sampoerna Agro operates palm plantations across Sumatra and Kalimantan islands. The company owns a palm seed subsidiary and research institute that hold the second-largest domestic market share in Indonesia.

A key advantage of the newly acquired plantations is their immediate profitability potential, as the palm trees have already reached maturity. The palm plantation business operates as a long-term, high-return industry, with harvesting becoming viable three to four years after planting and production continuing for over 20 years.

POSCO INTERNATIONAL’s existing palm operations began with plantation development in Papua in 2011, entered commercial production in 2016, and currently operate three milling plants producing 210,000 tons of palm oil annually. The mature plantations have contributed significantly to group profitability, recording an average operating profit margin of 36% through last year.

New Refinery Enhances Processing Capacity

On the same day, POSCO INTERNATIONAL held the completion ceremony for PT. ARC (PT. AGPA Refinery Complex), a palm oil refining joint venture established with GS Caltex in Balikpapan, East Kalimantan, Indonesia.

PT. ARC operates under a partnership structure with POSCO INTERNATIONAL holding 60 percent ownership and GS Caltex holding 40 percent, representing a total investment of USD 210 million. The newly completed refinery boasts an annual refining capacity of 500,000 tonnes, equivalent to approximately 80 percent of South Korea’s annual imports of refined palm oil.

The ceremony drew approximately 100 key figures, including POSCO INTERNATIONAL CEO Lee Kye-In, GS Caltex CEO Heo Se-Hong, Indonesian Deputy Minister of Energy and Mineral Resources Yuliot Tanjung, Mayor of Balikpapan Rahmad Mas’ud, and Korean Ambassador to Indonesia Park Soo-Deok. The refinery, which broke ground in May of the previous year, will undergo trial operations before commencing full production later this year.

Integrated Operations and Market Strategy

POSCO INTERNATIONAL will supply crude palm oil produced from its plantations to PT. ARC, with the refined oil being sold in the Indonesian domestic market and exported to South Korea, China, and other countries. GS Caltex plans to apply its accumulated expertise to enhance operational efficiency at the refining facilities and supply refined palm oil for biodiesel to the Korean market.

The integrated operations are expected to strengthen the POSCO Group’s competitive position in the global palm oil market while reducing South Korea’s dependence on imported edible oils and establishing a stable production and supply base to enhance national food security.

Strategic Growth Under New Leadership

Since chairman Jang In-Hwa assumed office, the POSCO Group has actively pursued future growth businesses for stable profit generation. The expansion of the Indonesian palm oil business represents part of the group’s broader infrastructure initiatives, leveraging POSCO INTERNATIONAL’s extensive experience in overseas agribusiness operations.

To bolster future competitiveness, the POSCO Group restructured its business portfolio last year into a “Two Core (steel + secondary battery materials) + New Engine (new growth businesses)” framework. The group is executing strategic investments to secure positions in high-growth, high-return markets including India and North America. In India, the group is pursuing the establishment of a local steel mill in partnership with the JSW Group. In September, the company signed an MOU with Cleveland-Cliffs for cooperation in the steel business to proactively address trade barriers and accelerate its entry into the North American market.

For more information visit www.posco.com

Last week, MB Energy participated in the official opening of Greenlyte’s LiquidSolar SNG (synthetic natural gas) plant in Duisburg, a key achievement for Power-to-X (PtX) and synthetic fuels in Germany’s Ruhr area. The event coincided with the announcement of a strategic partnership between the two companies focused on e-methanol production and offtake.

Strategic Partnership for E-Methanol

MB Energy has signed a strategic agreement with Greenlyte Carbon Technologies covering the potential offtake of e-methanol from the LiquidSolar facility in Marl, alongside advanced offtake intentions for future projects. The Marl plant boasts a fuel capacity of up to 1,000 tonnes of e-methanol per year.

The partnership reflects MB Energy’s commitment to scaling e-fuels across Europe and deploying LiquidSolar technology at industrial and mobility hubs throughout the region.

Innovative Air-to-Fuel Technology

The Duisburg project represents a breakthrough in synthetic fuel production, converting air into synthetic natural gas by coupling Direct Air Capture (DAC) with catalytic methane synthesis. The process combines green hydrogen with CO2 captured directly from the atmosphere to produce SNG, enabling long-term storage and transport of renewable energy. The facility has a planned capacity of 40 tonnes of CO2 and up to 5 tonnes of SNG per year.

Industry Dialogue on Scalable PtX

Philipp Kroepels, director of New Energy at MB Energy, participated in a commercial panel discussion focused on building robust business cases for scalable Power-to-X solutions. The discussion examined demand from key sectors, including aviation, shipping, and chemicals, while exploring the roles of policymakers, investors, airlines, airports, and infrastructure providers. The panel also addressed the economic value that PtX technology can unlock for Europe’s broader economy.

High-Level Support and Recognition

The opening ceremony featured keynote addresses from prominent political figures, including Hendrik Wüst, Minister President of North Rhine-Westphalia, and Thomas Kufen, Mayor of Essen. Dr. Martin Schmickler, COO of Greenlyte, led the official ribbon-cutting ceremony.

The launch of the Duisburg facility and MB Energy’s partnership with Greenlyte represent important steps toward establishing a viable e-fuels ecosystem in Europe’s industrial heartland.

For more information visit www.mbenergy.com

UM Terminals recently convened its first-ever Safety Day, bringing together all members of its UK-wide Safety Committee for a comprehensive programme focused on safety culture and operational excellence.

Organised by Group EHS manager Rebecca Broughton-Lee, the event united 16 colleagues from UM Terminals’ sites in Liverpool, Hull, and Portbury at the Malmaison Liverpool venue.

Leadership Commitment and Industry Insights

The day commenced with opening remarks on safety culture from UM Terminals’ managing director Vic Brodrick, setting the tone for the strategic discussions to follow.

A highlight of the morning session featured guest speaker Peter Davidson, chief executive of the Tank Storage Association. Davidson delivered a presentation examining the Buncefield fire, a catastrophic explosion that devastated the Hertfordshire Oil Storage Terminal near the M1 motorway nearly 20 years ago. His presentation explored the subsequent investigation, ongoing lessons learned from the incident, and the TSA’s current work, including the training support and materials available to member organisations like UM Terminals.

Strategic Planning and System Implementation

The afternoon sessions, led by Broughton-Lee, focused on practical applications and future planning. The first session introduced Work Wallet, a cloud-based reporting system being implemented across the organisation. The platform will consolidate various information streams, including site checks, audits, risk assessments, and incident reporting, into a single accessible location. Colleagues participated in brainstorming exercises to identify additional potential applications for the system.

The subsequent session addressed safety culture in depth, examining what it means to team members and developing foundational building blocks for best practices, associated values, and effective strategies for embedding safety culture throughout the organisation.

The day concluded with collaborative discussions on next steps and the development of a six-month action plan, with the successful and effective rollout of Work Wallet identified as a key priority.

Building Strategic Focus Through Collaboration

Broughton-Lee expressed satisfaction with the inaugural event’s outcomes: “I was delighted with how the day went, our first dedicated Safety Day involving all members of the Safety Committee. We meet on a quarterly basis, normally on a site-by-site basis, but bringing all the committee together on the same day was something I’d been championing for a while.”

She emphasised the strategic value of in-person collaboration: “Getting everyone together in-person for the day meant that we could bring a real strategic focus to safety culture, devising innovative and proactive ways in which we can continue to enhance and embed our approach across the business.”

The successful inaugural Safety Day establishes a foundation for continued strategic collaboration on safety initiatives across UM Terminals’ UK operations.

For more information visit www.umterminals.co.uk

Viridien’s board of directors has announced the separation of the chair and chief executive officer functions, fulfilling an earlier commitment to limit the combined leadership structure to a temporary period. Sophie Zurquiyah will remain as Chair of the Board while stepping down from her executive responsibilities at the conclusion of her directorship term during the 2026 General Meeting.

Strategic Continuity and New Leadership

The board of directors unanimously endorsed Zurquiyah’s continuation as Chair to maintain strategic continuity and guide Viridien’s long-term vision. Since assuming leadership in 2018, she has successfully repositioned Viridien as an asset-light, technology-driven company with enhanced financial stability and a more diversified portfolio.

Following a comprehensive selection process coordinated by Colette Lewiner, chair of the appointment, remuneration and governance committee, and Philippe Salle, lead director, the board unanimously approved the appointment of Henning Berg as group CEO, effective June 3, 2026. Berg will join Viridien on March 3, 2026, as Chief Operating Officer, facilitating a structured and gradual transition into the CEO role. His appointment as director will be presented to shareholders for approval at the 2026 General Meeting.

Transition to Non-Executive Chair

Zurquiyah will transition to a non-executive chair position, with her directorship subject to approval at the upcoming General Meeting to enable a smooth handover to Berg. In accordance with best governance practices, Philippe Salle will continue serving as Lead Director.

Leadership Perspectives on the Transition

Lewiner emphasised the Board’s confidence in the leadership change: “On behalf of the board of directors, we extend our sincere appreciation to Sophie for her tremendous leadership, under which Viridien has achieved a profound and resilient transformation and is now well positioned for the future. We are confident that Henning’s experience and operational strengths will allow him to leverage the Group’s solid foundations and effectively support Viridien’s growth.”

Zurquiyah reflected on her tenure and the transition ahead: “I am proud of the Group’s accomplishments over the past eight years, which reflects not only strong leadership but also the exceptional commitment and talent of our teams worldwide. I am delighted to hand over the Group CEO role to Henning, whose knowledge and experience will support Viridien’s continued success. I look forward to supporting him during this transition and continuing my journey at Viridien as Chair.”

Berg expressed his enthusiasm for the new role: “It is an honour to join Viridien at this exciting stage. I thank the board of directors and Sophie for their trust, and I look forward to working closely with the teams to drive sustainable growth for the Group.”

Extensive Industry Experience

Berg brings more than 27 years of comprehensive experience in the oil and gas services industry, having held senior global leadership positions throughout his career. His background combines deep operational expertise with substantial exposure to technology, business development, and international management, positioning him to lead Viridien’s next phase of growth.

For more information visit www.viridiengroup.com

GF has finalised its acquisition of VAG-Group, a Mannheim, Germany-based global manufacturer of metal valves for water and infrastructure applications. The acquisition positions GF to deliver more comprehensive, integrated Flow Solutions to its existing and future customers across industry and infrastructure sectors.

Creating a Comprehensive Single-Source Solution

The integration of VAG’s valve technologies enables GF to offer a more complete portfolio to infrastructure, water utilities, industrial, and building technology customers. By consolidating capabilities under one roof, GF now provides clients with a single-source partner backed by robust engineering, manufacturing, and service infrastructure.

Enhanced Customer Value Through Integration

The acquisition delivers several strategic advantages to GF’s customer base:

End-to-End Flow Solutions: GF can now provide a complete range of solutions encompassing pipes, fittings, valves, connection systems, stormwater management, and repair technologies. Customers benefit from streamlined supplier relationships, simplified logistics, and improved system compatibility across their infrastructure projects.

Expanded Technical Capabilities: VAG contributes decades of specialised expertise in metal valves, including gate, butterfly, control, check, and air valves deployed in critical infrastructure such as water networks, dams, hydrants, desalination facilities, and power plants. This expertise provides GF customers with access to advanced valve solutions and substantially deeper engineering support.

Enhanced System Durability: Metal valves play a crucial role in creating durable, resilient utility networks. VAG’s established reputation for high-reliability valve manufacturing enables GF to offer customers more robust systems with reduced downtime, lower maintenance costs, and minimised leakage risk.

Accelerated Project Delivery: VAG’s existing global presence across Europe, the Americas, the Middle East, and Asia translates to improved delivery times, stronger local market presence, and enhanced service support for GF customers worldwide.

Innovation and Sustainability Synergies: VAG’s dedication to sustainable innovation aligns seamlessly with GF’s strategic direction. The combined research and development capabilities of both organisations will drive the creation of next-generation valve and flow management solutions focused on water loss mitigation, intelligent control systems, and reduced energy consumption.

Integration and Future Direction

GF closed the transaction and integrated VAG into its Industry & Infrastructure Flow Solutions division effective October 1, 2025. The acquisition marks a significant milestone in GF’s strategy to provide more complete, high-performance infrastructure solutions to the global water and utilities market.

For more information visit www.georgfischer.com

Noord Natie Odfjell Antwerp Terminal has announced significant investments in maintenance, sustainability, and new storage capacity as part of its long-term strategy to reinforce and future-proof the Antwerp chemical cluster.

At a time when many companies are directing capital outside Belgium, the terminal is intentionally strengthening its presence in Antwerp. Its deep local roots—spanning more than four centuries—remain central to its identity and future ambitions.

Despite mounting pressures on energy-intensive industries, the company maintains strong confidence in Antwerp’s enduring role as a global chemical hub. The sector is vital to pharmaceuticals, food production, biotechnology, and to enabling more sustainable solutions in construction, agriculture, and mobility.

With 250 tanks and 500,000 m³ of storage capacity, Noord Natie Odfjell Antwerp Terminal has become a major player in the port. Ongoing investment in advanced automation has significantly enhanced operational safety, efficiency, and reliability—benefits strongly supported by both customers and employees.

The terminal allocates €4 million annually to maintenance, alongside €8 million in targeted sustainability upgrades, ensuring its infrastructure remains robust, compliant, and prepared for future generations.

Looking ahead, the company will begin construction of a new tank pit in 2026, representing a €40 million investment and adding 18 state-of-the-art tanks with an additional 36,000 m³ of capacity. Between 2027 and 2030, a further 120,000 m³ will be developed. In total, Noord Natie Odfjell Antwerp Terminal plans to invest more than €200 million in new capacity and sustainable growth by 2030.

As the world’s second-largest chemical cluster—trailing only Houston—Antwerp remains a powerhouse of European industry. The terminal firmly believes the future of chemistry lies in Antwerp and is advancing that vision through long-term, strategic investment.

The company’s shareholder, NOORD NATIE, brings nearly five centuries of expertise in waterborne logistics. Its legacy of resilience, innovation, and continuous improvement continues to set the standard for responsible growth. Its nomination as a finalist for the EY Onderneming van het Jaar® 2025 award reflects this longstanding commitment to excellence—values that Noord Natie Odfjell Antwerp Terminal proudly upholds.

For more information visit www.noordnatie.be

JET Infrastructure has announced selection to receive the 2025 NDTA Corporate Distinguished Service Award. The honour recognises outstanding service supporting the National Defence Transportation Association’s mission to strengthen logistics, transportation, and passenger travel across the defence and homeland security community.

Since World War II, the National Defence Transportation Association has served as a trusted platform for government, military, and private sector collaboration. JET Infrastructure expressed pride in contributing to the organisation’s important work.

The company characterised the award as reflecting the team’s dedication to excellence and commitment to supporting the defence transportation community. The recognition acknowledges JET Infrastructure’s contributions to national security logistics and transportation capabilities supporting military operations and homeland security requirements.

The National Defence Transportation Association facilitates collaboration among stakeholders responsible for defence transportation, including military logistics personnel, commercial carriers, port operators, infrastructure providers, and government officials. The Corporate Distinguished Service Award represents one of NDTA’s highest recognitions for private sector contributions supporting defence mobility.

JET Infrastructure’s selection indicates significant engagement with defence transportation initiatives, potentially including infrastructure investments, service provision, or collaborative efforts addressing military and homeland security logistics requirements. The award provides industry recognition whilst validating the company’s strategic positioning supporting national security objectives.

For more information visit www.jet-infrastructure.com

The Tank Storage Association has today reaffirmed its commitment to good major hazard leadership with the launch of a refreshed Safety Leadership Charter.

The Safety Leadership Charter outlines seven pledges focused on managing major hazard risks through an engaged, positive, informed, and cooperative safety culture. These pledges uphold the original Principles of Process Safety Leadership, which emphasise senior leadership engagement and competence in safety management, active workforce involvement in managing safety, and the sharing of good practice and learning of lessons from across industry sectors.

Peter Davidson, chief executive of the Tank Storage Association, said: “Twenty years on from the Buncefield incident, our refreshed Safety Leadership Charter reaffirms our commitment to driving forward a positive and collaborative safety culture, as established following the Process Safety Leadership Group’s final report, both within our member organisations and the wider major hazards community. It is a testament to our collective resolve to strive for the highest standards and continue leading from the front in the management of major hazard risks.”

For more information visit www.tankstorage.org.uk

Advario has announced a series of key engagements at its eFuels Rotterdam project site, underscoring its commitment to scaling the production, storage and delivery of synthetic Sustainable Aviation Fuel (eSAF) in the Port of Rotterdam.

Last week, the company welcomed Minister Robert Tieman for an update on the joint ambition—shared with partner Power2X—to develop an industrial hub dedicated to eSAF. The project aims to support the decarbonisation of European aviation while reinforcing the Netherlands’ strategic position in the future energy landscape.

In addition to the ministerial visit, Advario hosted a group of European NGOs for an open and constructive dialogue on accelerating the development of the eSAF market. Discussions focused on the need to build responsible and sustainable value chains as production scales. Advario expressed its appreciation to Natuur & Milieu for co-organising the visit.

During Minister Tieman’s tour of the site, conversations centred on the opportunities that large-scale eSAF production could bring to the Netherlands. Key enabling factors highlighted included the need for long-term regulatory clarity, strong and committed partnerships, ongoing investor confidence, and a highly skilled workforce capable of delivering projects of significant scale.

Advario reiterated its commitment to building safe, reliable and future-proof infrastructure that enables progress in the energy transition. The company emphasised the importance of collaboration with policymakers, NGOs and industry leaders, and welcomed the Minister’s constructive engagement as efforts continue to advance clean aviation fuels and support a resilient energy sector in the Netherlands.

For more information visit www.advario.com