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Mergers, Acquisitions, and Partnerships news
(page 10)
5 June 2026
Huntsman sells Italian automotive aftermarket unit to Trelleborg
Azeglio-based Gomet sold to Trelleborg for €42.5m; 2025 revenue ~€24m; proceeds to reduce outstanding borrowings.
4 June 2026
SONATRACH launches Algerian segment construction of Trans‑Saharan Gas Pipeline
Construction began in Aoulef for the Algerian pipeline segment, routed alongside the Trans‑Saharan Road to Hassi R’Mel and tied into Algeria’s national gas network and export infrastructure.
4 June 2026
Hydrogen value chain forming in North Sea Canal Area
Import terminals, LOHC and electrolysers advance; pipeline and local distribution are planned, but policy, financing and coordination still limit rollout.
4 June 2026
PPG, IPG Photonics and Whirlpool win 2026 IRI Open Innovation Award for laser curing
Developed a laser curing platform to replace thermal ovens in powder coating lines, cutting energy use and increasing line speed while working with conventional and laser‑activated powders.
4 June 2026
LyondellBasell wins Toyota Motor Europe award for polymers from fishing nets
Recognition for developing postconsumer recycled polymers from maritime-recovered fishing nets for automotive use, validated through two years of testing and evaluation.
4 June 2026
Caleyda: food‑grade approval process begins
EFRO-funded plesTic Ready backs an exploration of food-grade certification for mixed-culture PHA from organic residual streams with value‑chain partners.
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4 June 2026
Neste, Goldwin, Idemitsu and Toray establish renewable nylon supply chain for THE NORTH FACE
Supply chain uses renewable naphtha from waste and residues to make drop‑in renewable nylon fiber for outdoor apparel, targeting product use in August 2026.
4 June 2026
PETRONAS MoU with regional partners to advance offshore IOR/EOR
Regional E&P operators and UTP will jointly evaluate fit‑for‑purpose IOR/EOR studies for offshore fields, supported by laboratory testing and potential pilot projects.
4 June 2026
Vitol invests in Delfin FLNG 1 offshore US project
First US offshore FLNG with 4.4 Mtpa nameplate capacity, 1.4 Mtpa offtake secured; FID taken and production expected in 2030; project cost ~US$5bn.
4 June 2026
Sumitomo Corporation takes 49% stake in Graphyte-led US JV for CDR credits
49% stake in US JV to commercialise 'Carbon Casting' BiCRS, scale the Loblolly project to 50,000 tCO2/yr, and sell long-duration CDR credits across North America and Japan.
4 June 2026
Sinopec and BYD sign industrial and capital cooperation framework
Signed a framework to cooperate on flash charging networks, ecological integration and upstream–downstream supply‑chain synergy to build an efficient smart energy ecosystem.
3 June 2026
Toray and T2 commercialize autonomous petrochemical trucking
Commercial autonomous trucking begins on east–west expressways, moving ABS resin with Level 2 trucks using renewable diesel/B5; partners plan Level 4 long‑haul rollout from 2027.
3 June 2026
Air Liquide invests in Quobly to scale silicon quantum processors
Investment funds R&D and industrialisation of silicon-based quantum processors, backing commercial launch targeted by end‑2026.
3 June 2026
Siemens and HighByte: HighByte Intelligence Hub added to Industrial Edge
Native Industrial Edge app to unify OT and IT data, contextualize and pipeline datasets for AI model training and secure setpoint control via Intelligence Center X.
3 June 2026
Air Liquide: nearly €200m investment to supply SK hynix's P&T7 in Cheongju
Long-term contract to build and operate a nitrogen unit supplying high-purity gases and compressed air to an HBM packaging and testing fab; operations due late 2027.
3 June 2026
MOL Group starts first gas production at ACG field
First commercial gas from non-associated reservoirs beneath and above existing oil layers; initial well drilled from West Chirag; up to 4 Tcf estimated; gas to Sangachal via existing infrastructure.
3 June 2026
Borouge International & Lanxess advance circular acetone with Borvida B‑acetone
ISCC PLUS‑certified, mass‑balanced acetone from non‑food waste biomass offers up to 175% cradle‑to‑gate carbon reduction while matching conventional acetone performance.
3 June 2026
Elkem and Statkraft sign seven-year PPA for Bjølvefossen (2031–2037)
Seven-year agreement secures 1,534 GWh for Bjølvefossen (2031–2037), supporting 150 jobs and low‑carbon foundry‑alloy production with 60,000 mt annual capacity.
3 June 2026
Axens and Green Sky Capital partner to develop SAF plant in Egypt
200,000 tpa SAF plant using lipid-based feedstocks and Axens' Vegan® HEFA, targeting production by end‑2027; will source used cooking oil locally and serve Mediterranean/African markets.
3 June 2026
AkzoNobel: Nippon Paint and Sherwin‑Williams withdraw public offer
Two bidders have confirmed they will not pursue a public takeover; the company’s boards still back a planned merger of equals with Axalta.
2 June 2026
SONATRACH subsidiaries sign three MoUs with Niger's SONIDEP
Three agreements cover seismic acquisition, a drilling joint venture, and fuel distribution plus a bitumen manufacturing JV and training.
2 June 2026
QEMETICA sells salt assets to K+S and launches Resource Recovery unit
Divests evaporated salt business for €350–€380m to fund a new Resource Recovery segment focused on waste-to-energy and energy security.
2 June 2026
SOCAR and BCG sign cooperation on Caspian methane reduction
Joint effort to fast-track methane cuts in Caspian oil and gas operations through projects, research and best-practice exchange, aiming for reductions by 2030.
2 June 2026
VolagHy and Airbus co-finance Kuopio eSAF feasibility study
Feasibility and financial modelling launched for a Kuopio flagship plant that aims to scale electro-based sustainable aviation fuel across the Nordics by 2040.
2 June 2026
INEOS Energy signs LNG supply deal with Marubeni for Asia deliveries from 2029
DES LNG supply agreement to deliver into Asian markets, marking the firm's first Pacific Basin deliveries and expanding its diversified global LNG portfolio to meet rising regional demand.
2 June 2026
EAS Batteries launches ultra‑high‑power 22 Ah LFP cell using Asahi Kasei Acetolyte
22 Ah LFP cell using acetonitrile electrolyte achieves 2,550 W/kg continuous, 3,760 W/kg 2s pulse, ~2,400 cycles at 5C/100% DoD; samples in customer evaluation; 46xxx format planned.
1 June 2026
Solvay and Viridis LOI for Brazil-to-La Rochelle rare-earth supply
LOI aims to deliver Brazilian rare-earth feedstock to a French separation plant by 2028, supporting magnet-grade Nd/Pr/Dy/Tb supply and industrial Dy/Tb separation by Sep 2026.
1 June 2026
Fluor‑JGC JV Wins LNTP for LNG Canada Phase 2 Expansion
Limited notice to proceed issued to begin early planning and key activities for the proposed Phase 2 expansion at the LNG Canada Kitimat export facility, supporting an FID that would double 14 Mtpa.
1 June 2026
Moderna & Merck: 5‑Year Data — Intismeran plus KEYTRUDA Reduces Recurrence in High‑Risk Resected Stage III/IV Melanoma
5-year Phase 2b follow-up: combination showed 49% RFS reduction (HR 0.51), 59% DMFS reduction (HR 0.411); OS trend (HR 0.471). Safety consistent; increased neoantigen-specific T‑cell clonotypes
1 June 2026
Dow and Univar Solutions agree long-term distribution of Decarbia low‑carbon products
Long-term deal expands access to low‑carbon products with verified PCF certificates across beauty, home care, food, pharma and industrial markets; aids Scope 3 reductions.
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