Committed to Green Hydro
A $4.2 billion investment has been injected into India-based ACME Group’s upcoming green hydrogen and green ammonia project in Oman. This news comes after the company signed a new project development and land usufruct agreement with Hydrogen Oman and the Public Authority for Special Economic Zones and Free Zones. (A usufruct agreement allows non-landowners to use the land and benefit from it, often for farming.) The fresh funding will contribute to the second and third phases of the project’s development in the Special Economic Zone at Duqm, covering over 19,000 acres. The project’s first phase is expected to introduce 100,000 tons of green ammonia per year. Each additional phase will bring 71,000 tons annually for a combined total of 900,000 tons per year once fully operational.
by the region’s robust life sciences ecosystem.
Photo courtesy of GSK
GSK Accelerates R&D
In the United Kingdom, leading biopharmaceutical company GSK plans to establish a new global R&D center at the Cambridge Biomedical Campus. Positioned within Europe’s largest biomedical campus, GSK will construct a 300,000-sq.-ft. facility featuring tech-enabled labs and infrastructure to support key focus areas such as oncology, respiratory, hepatology, vaccines and HIV. The new R&D center will enable the company to shift current activity away from its site in Hertfordshire by 2029. The Hertfordshire site and an R&D lab in Ware will be upgraded to support drug development and commercial manufacturing. In all, the initiative will see over $537 million pour into the UK in the next three years.
Once complete, Submer Group’s data center project in Flix, Spain, will create up to 150 direct jobs.
Photo: Getty Images
Former Industrial Site to Boost Spain’s Digital Economy
T he former site of chemicals company Ercros, located in Flix in the Catalonia region of Spain, will soon be transformed into a $1.1 billion data center. The project comes from full-stack AI infrastructure company Submer Group and developer Rubix Data Centers, which will also operate the large-scale facility. The data center project falls within Catalonia’s Reindustrialization Framework, which supports revitalization of former industrial plants for a new purpose. The Flix site will be built out over two phases. Submer Group has stated that the data center will feature the latest energy-efficient liquid cooling technology, resulting in no water use during operations.
This investment aims to center Cheongju as a key hub for the semiconductor industry and the Chungcheong region as a global hub for innovation
Photo courtesy of SK hynix
Cheongju and Yongin to Level CHIPS Supply
In response to what it called “continuously growing demand for memory in the AI era,” SK hynix in August announced it would invest the equivalent of US$38.1 billion in two new fabs in Yongin and Cheongju. The Y2 fab in Yongin will receive a $24.8 billion investment, while the balance will go toward the 7.3-million-sq.-ft. M17 fab in Cheongju. The projects are part of a master plan to invest 600 trillion won [US$423.5 billion] in the Yongin Semiconductor Cluster and 100 trillion won [US$70.6 billion] to expand its Cheongju production base. Yongin Y2 is the second of four fabs planned sequentially for the Yongin Semiconductor Cluster and will serve as a DRAM production base spanning a total floor area of more than 12 million sq. ft.
The new facility on the Wagerup site will create 200 new construction roles and 20 direct jobs.
Photo courtesy of Alcoa Corporation
Gotta Have Gallium
Pennsylvania-based alumina and aluminum products provider Alcoa Corporation is building upon its refinery operations about 120 miles south of Perth in Wagerup, Australia. In July 2026, the company received final approval to construct a new gallium plant at its Wagerup alumina refinery. The mineral is a vital component for industries such as semiconductors and defense and Alcoa’s partnership with governments in the U.S., Japan and Australia will aim to ensure a readily available gallium supply. Final site preparation is in the works as the company moves to begin construction.
The new Sisslerfeld manufacturing facility is anticipated to begin operations in 2030.
Photo courtesy of Bachem
Capacity Demands Filled in Switzerland
An agreement to deliver large volumes of peptides to an undisclosed partner moved biotechnology company Bachem to introduce over $615 million in the next phase of its greenfield project in Eiken, Switzerland. To be located in the Sisslerfeld development area, the new facility is a part of Bachem’s strategic peptide and oligonucleotides capacity expansion across its global portfolio in Switzerland, the U.S. and the United Kingdom. “This agreement further strengthens Bachem’s planning security beyond 2030 and enables us to responsibly coordinate investments across our entire manufacturing network, including Sisslerfeld,” said Bachem CEO Dr. Anne-Kathrin Stoller.
