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Mergers, Acquisitions, and Partnerships news
(page 22)
1 April 2026
OMV Petrom: Krum‑1 on Han Asparuh Block drilled to 3,500 m, no significant gas
Drilling began in February after Vinekh; two wells drilled since Dec 2025 will improve geological understanding of the deep Black Sea. Exploration remains early; ongoing farm‑in for nearby block.
1 April 2026
RWE sells Swedish wind portfolio to Aneo
Sale transfers 1.8 GW onshore development pipeline, 124 MW operational onshore farms, 48 MW Karehamn offshore, a third-party onshore service business and related development, ops and offshore teams.
1 April 2026
EIB lends €500m to Eni for Sannazzaro biorefinery conversion
15-year loan backs Sannazzaro refinery conversion to Ecofining HVO diesel and SAF from used oils, fats and agri-food waste, ~550,000 t/yr, aiding transport decarbonisation
1 April 2026
Phelan Green selects Honeywell UOP FT Unicracking for Saldanha eSAF
Chosen tech will produce commercial-scale electro‑sustainable aviation fuel in Saldanha Bay; R47bn project to deliver >140,000 t eSAF to EU/UK, construction from Q4 2026, local job creation.
1 April 2026
SOCAR at EGYPS 2026 (9th Egypt International Energy Conference & Exhibition)
Delegation attended an energy conference on security, sustainability and tech. VP highlighted Azerbaijan's gas exports - 13 bcm to Europe in 2025 (+60% vs 2021). A pact was signed with Egypt's EGPC.
31 March 2026
Breakwall Capital, Vitol Close Valor Mining Credit Partners II
New mining credit fund focusing on structured, event-driven financing for mining and critical minerals. First deal: $520M loan to back a US iron-ore mine and pellet plant; project has $2.2B+ invested.
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31 March 2026
Chevron in exclusivity talks with Microsoft and Engine No. 1 on power offtake
AI is increasing demand for always-on power. Parties entered exclusivity talks for a co-located, behind-the-meter power generation and offtake deal; no commercial terms or definitive agreement yet.
31 March 2026
Mesabi Metallics secures $520M Breakwall financing to advance U.S. DR iron-ore project
Northern Minnesota DR-grade iron ore mine and pellet plant on 16,000+ acres progressing toward commercial start; $2.5B project, 750+ construction workers onsite, backed by EXIM support.
31 March 2026
BASF launches Butyl and 2‑Ethylhexyl Acrylate RE with Avery Dennison
Launches butyl and 2‑ethylhexyl acrylates made using attributed Texas renewable electricity; drop‑in for coatings and adhesives, reducing manufacturing CO2; commercialization supported by partner.
31 March 2026
LanzaTech Q4 & FY2025 Financial Results
Closed $20M private placement; awarded €40M EU grant; completed LanzaJet share transfers (peak 53%, later ~46% after Series A); revenue $55.8M; net loss $49M; opex -21%
31 March 2026
OMV and XRG form Borouge International
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
31 March 2026
OCI Global sells OCI Ammonia Holding to AGROFERT
100% stake in ammonia holding sold for EUR 290m (subject to closing adjustments). Sale includes Europoort terminal and distribution; Geleen production retains terminal access via throughput agreement.
31 March 2026
Covestro at Techtextil 2026: sustainable, productivity-focused textile solutions
Showcases coatings, adhesive films and TPUs: waterborne/partly bio-based PUs, antimicrobial finishes, high-performance TPU films for electronics/CIPP, recyclable cushioning and SCF-foamable TPUs
31 March 2026
Gestamp signs 10-year renewable PPA with Iberdrola for 660,000 MWh
Supply of 100% renewable power (80% wind/20% solar) from 34 MW capacity at fixed competitive price; supports electrification and decarbonisation of the auto supply chain. Certificates of origin.
31 March 2026
Lilly to acquire Centessa Pharmaceuticals for OX2R sleep‑wake portfolio
$38/ADS cash + up to $9 CVR (max $47/sh); upfront equity ~$6.3B (CVR ~$1.5B). Lead OX2R agonist cleminorexton showed positive Phase 2a for narcolepsy and idiopathic hypersomnia. Close expected Q3
31 March 2026
Topsoe signs FEED deal with Hynfra for Jordan green ammonia
FEED underway for Jordan green ammonia: synthesis tech will convert green H2 to ammonia, avoiding >200,000 t CO2e/yr. FID expected 2027; plant to start 2030; exports planned.
31 March 2026
Mitsubishi Chemical transfers KMC MMA monomer stake in Taiwan to CPDC
Dissolve co-ownership of Taiwan MMA unit amid stronger Asian competition and Chinese capacity growth; consolidate production to competitive sites and pursue high-growth markets. Completion Aug 3, 2026.
30 March 2026
Holcim acquires majority stake in Cementos Pacasmayo
Acquisition expands Peru footprint: target had 2025 sales $630M, 28% adj. EBITDA; 3 plants (~5Mtpa) and 28 ready-mix/precast sites. Deal ~7.1x EBITDA post $40M synergies; EPS accretive Y1, ROIC Y3.
30 March 2026
Golden Pass LNG (QatarEnergy/ExxonMobil) achieves first LNG production
First LNG produced from Train 1 of the 18 mtpa Sabine Pass project, enabling sustained liquefaction and paving way for first cargo and full exports beginning Q2 2026.
30 March 2026
TotalEnergies completes UK North Sea merger with NEO NEXT
Merger completed; combined group renamed; one party holds a 47.5% stake. It becomes the largest independent producer on the UK Continental Shelf, with 2026 output >250,000 boe/d.
30 March 2026
Itabus fleet adopts Enilive HVO
Entire 100-vehicle fleet runs on HVO made from waste, cutting CO2eq by 79.5%. In 2025 it logged 20M km, used over 3M L HVO (53% avg, 75% peak in Dec).
30 March 2026
UBE obtains food-contact approval for UBECycle recycled PE/PA films
Accredited migration testing plus RecyClass‑certified recycling (following Paulowsky acquisition) confirm regulatory compliance and open use of mechanically recycled PE/PA in regulated packaging.
30 March 2026
GSK's bepirovirsen accepted for regulatory review in China for chronic hepatitis B
China NMPA accepted NDA for bepirovirsen after Phase III B-Well trials showed significant functional cure rates in treated CHB patients; granted Breakthrough Therapy; acceptable safety.
30 March 2026
Eneve acquires Nemon to enter Iberian market
Acquisition opens Iberian market, adds 30 specialists, supports 100+ suppliers, expands platform with software for billing, forecasting, market comms and trading; integration under way
29 March 2026
LOTTE Chemical to merge with HD Hyundai Chemical after Daesan spin-off, pivots to specialty materials
Targets >60% specialty by 2030; building a 500k t/yr compounding plant; creating hydrogen value chain—four fuel-cell plants (80MW) and 450‑bar H2 hub; expanding high-end copper foil and TMAH output.
29 March 2026
Merck: WINREVAIR Phase 2 CADENCE shows proof‑of‑concept in CpcPH‑HFpEF
Met primary endpoint with significant PVR reduction at 24 weeks vs placebo. Also favorable mPAP/PAWP, NT‑proBNP and 6MWD trends, delayed clinical worsening; safety consistent with known profile.
27 March 2026
TotalEnergies and EDF agree 12‑year nuclear supply for French refining and chemicals sites
12‑year nuclear allocation (from 1 Jan 2028) will supply ~60% (~400 MW) of refining & chemical sites in France, sharing variability costs while the utility operates the plants.
26 March 2026
Nufarm and bp extend Carinata offtake to 2050 to scale biofuels feedstock
Milestone‑based funding to scale Carinata seed technology; capital‑light expansion of non‑food Carinata oil supply for SAF and renewable diesel, with purchase access secured.
26 March 2026
ADNOC and OMV appoint executive team for Borouge Group International AG
Roger Kearns, Dr. Stefan Doboczky and Dr. Hasan Karam to lead; interim CFO until May 2026; supervisory board set; deal on track to close by end‑March 2026, forming a global polyolefins leader
26 March 2026
Arkema builds recyclable speed board for Zephir record attempts
Eco-designed speed board uses recyclable liquid thermoplastic resin with recycled carbon fiber and matching foam, delivering thermoset-like performance, precision and full chemical recyclability.
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