May 22, 2026 - Today's Industrial Market News from Industrialinfo.com

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Industrial Info Resources - Industry News Podcast 2 min 1 speaker 4 chapters transcribed 1 month ago

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What is the latest international acquisition in the refining sector?

Christine Ramos 0:11

This is the World Industrial News for Friday, May twenty second. Brought to you by Industrial Info Resources of Sugarland, Texas. Seeking to expand beyond its domestic market, Japan's NEOs has agreed to buy Chevron's fifty percent stake in Singapore refining company for two point two billion dollars.

How is Enbridge’s Cowboy Solar project powering Meta’s new data center?

Christine Ramos 0:32

According to Industrial Info Resources data, INEOS currently operates 132 plants in Japan, Australia, Southeast Asia, and Oceania. Enbridge announced this week that data center giant, Meta Platforms, has agreed to take all of the power from the phase I construction of Enbridge's cowboy solar power plant and battery energy storage system in Wyoming. The nearly four hundred megawatt power project has an estimated investment value of one point two billion dollars and is expected to enter service in late twenty twenty eight.

Why are hydrogen pipeline investments booming in Europe and Asia?

Christine Ramos 1:07

Calls for hydrogen pipeline development are growing across Europe and Asia, with the US moving at a much slower pace. The trend is most noticeable in European countries vowing to reduce their carbon footprints. According to Industrial Info Resources data, more than $53 billion worth of hydrogen pipeline projects are active or proposed worldwide, with Europe accounting for about 88% of the total investment. After building up its footprint through a merger earlier this year, Devon Energy said it added sixteen thousand three hundred net acres to its Permian portfolio through a recent federal auction.

What recent land and operational challenges are affecting Devon Energy and Kamiko?

Christine Ramos 1:45

Uranium producer Kamiko has temporarily idled its key lake mill and reduced activity at its MacArthur River mine in Saskatchewan as a result of a bridge collapse in the region. The company's logistics problems may be coming to an end as transportation authorities said they were working to install a temporary emergency bridge by the end of May, according to news accounts. For details on these and other breaking news, read the full stories at industrialinfo.com. I'm Christine Ramos, reporting for Industrial Info News.

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