Weekly Roundup from our partner etasca with insights from ppPLUS

1️⃣ The UK government has redirected £2.5bn of the £8.3bn pledged to Great British Energy to support small modular reactor development, with two-thirds of this provided as loans and guarantees under UK Treasury oversight.

2️⃣ INEOS Olefins & Polymers Europe has begun producing recycled PE and PP at its Lavera site in France using pyrolysis oil from plastic waste, aiming to support compliance with the EU’s 10% recycled content target for packaging by 2030.

ppPLUS Insights: Lavera site details and links to Ineos operations: Site: Naphtachimie

3️⃣ Plug Power and Allied Green Ammonia Pty Ltd have expanded their partnership with a new $5.5 billion, 2GW electrolyser project in Uzbekistan, focused on producing SAF, green urea, and green diesel.

ppPLUS Insights:  Allied Green Ammonia added to our database. More information on Ammonia/Hydrogen in the ppPLUS Hydrogen module.

4️⃣ USA BioEnergy will source up to 2.2M tons/year of woody biomass from LP Building Solutions to supply its planned $2.8bn Texas biorefinery, which will produce 65M gallons/year of SAF and renewable naphtha.

ppPLUS Insights:  USA BioEnergy added to our database. More information on Refining and SAF in the ppPLUS Refining module.

5️⃣ The EU is set to subsidise over 200M litres of SAF equating to ~15% of global supply to cut aviation emissions, offering up to €6/L for e-fuels and €0.5/L for biofuels to bridge the 3–5x cost gap with kerosene.

6️⃣ Sightline Climate (CTVC) and Elemental Impact’s Investor Pulse Check reveals a cautious market: over 90% of energy transition projects face early-stage funding gaps, with FOAK projects identified as the hardest to finance and 69% of investors expecting funding declines. Sightline Climate is credited for drawing attention to the severity of the early-stage financing issue.

7️⃣ INEOS founder Sir Jim Ratcliffe hosted Belgian PM Bart De Wever at the €4bn Project ONE ethane cracker in Antwerp, Europe’s largest chemical investment in a generation. Now 70% complete, it is expected to start-up in early 2027 with Ratcliffe warning again that Europe risks industrial decline due to high energy costs and regulation.

ppPLUS Insights: Project One modelled with Mass Balance and detailed Updates: Site: Ineos Project One

8️⃣ The UK government has pledged over £500m to develop its first regional hydrogen transport and storage network with the funding forming part of the government's spending review and the broader “Plan for Change”.