Axens to Acquire Eurecat, Enhance Catalyst and Metals Recycling
- Axens will acquire Ketjen's shares in Eurecat, pending regulatory approval.
- Eurecat operates in catalyst regeneration, rejuvenation, and recycling globally.
- Eurecat will maintain confidentiality and serve all market operators post-acquisition.
- Eurecat aims to expand recycling processes to other metals, like used batteries.
Acquisition Details
Axens plans to acquire Ketjen's shares in Eurecat, pending regulatory approval, becoming the sole owner. This move aims to strengthen Eurecat's capabilities in the global catalyst market.
Eurecat's Operations
Eurecat is a leading provider of services for catalyst regeneration, rejuvenation, and recycling, with a focus on circularity. The company also offers reactor services through its subsidiary, Petroval, and operates across the Americas, Europe, the Middle East, and Asia.
Post-Acquisition Plans
After the acquisition, Eurecat will continue to serve all market operators and catalyst manufacturers, maintaining existing confidentiality measures. The company will operate independently, focusing on reducing carbon footprints through enhanced circularity and ex-situ activation.
Future Directions
Eurecat's expertise in catalyst material treatment and recycling provides a foundation for developing recycling processes for other metal-containing activities, such as used batteries.
Source: Axens