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Mergers, Acquisitions, and Partnerships news
(page 14)
13 May 2026
EGC, EVelution Energy and Trafigura MOU to supply DRC cobalt to U.S.
Framework to deliver Congolese cobalt hydroxide to the U.S., targeting up to ~40% of projected U.S. cobalt demand, using the Lobito Atlantic Railway and a new Arizona refinery; construction 2027–2029.
13 May 2026
Avantium sells Ray Technology IP to UPM
Sale transfers Ray Technology patents for bio-based MEG/MPG (up to end‑2023). Seller refocuses on FDCA/PEF; €2.7M proceeds used to repay debt (€2.0M) and dismantle pilot (€0.7M).
13 May 2026
Perpetual Next selects Clarksons to broker maritime biomethanol
Chosen broker will market scalable, waste-to-biomethanol via international offtake, finance and logistics for maritime bunkering as demand rises with decarbonization rules.
13 May 2026
TotalEnergies, EGAS sign Egypt offshore exploration MoU
Agreement to assess a large area in Egypt's north-west offshore, setting technical cooperation for preliminary exploration and subsurface evaluation of deep offshore potential.
13 May 2026
bp takes 40% stake in North Ustyurt PSA, Uzbekistan
40% stake acquired in North Ustyurt PSA; remaining interests split 30%/30% with operator holding 30%. PSA covers six blocks; seismic exploration started after signing in Tashkent.
13 May 2026
bp joins Ustyurt PSA with 40% stake
At OGU 2026, accession documents signed for the Ustyurt PSA covering Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy. Project at early stage; operator conducting seismic surveys.
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12 May 2026
TotalEnergies signs MoU with Syrian Petroleum Company for Block 3 offshore exploration
MoU creates a framework for technical review and commercial discussions to assess exploration of offshore Block 3 in Syria's Mediterranean.
12 May 2026
Boehringer Ingelheim licenses Immunitas preclinical antibody program for chronic inflammatory diseases
Global license of a preclinical antibody that targets pathogenic cells at inflammation sites to provide durable control in chronic immune diseases; includes milestones to €407.5M +royalties
12 May 2026
ABO Energy achieves restructuring milestones and defines strategic priorities
Restructuring draft finds firm viable; sets strategic action areas. Targets sustainable financing by end-July. Won 7.8 MW solar tariff, bid >150 MW wind, sold 16.8 MW farm and 4.5 MW turbine.
12 May 2026
Iberdrola grows Italy renewable capacity to 450 MW with 40 MW Basilicata wind acquisition
Commissioned in 2018, the plant has long‑term incentives ensuring stable cash flows. Near Lucania Complex, it complements Montelungo (20 MW), Etruria and Fenix (243 MW).
12 May 2026
DOMO Engineered Materials joins RadiciGroup to create global tier‑1 compounder
Acquisition closed; combined global tier‑1 compounding platform serving diverse end markets. TECHNYL brand and teams remain; CEO appointed; focus on innovation and sustainability.
12 May 2026
EWE awards Bilfinger contract for Emden hydrogen plant
Final major contract fixes cost and planning for a 320 MW electrolyser, enabling long-term green-hydrogen supply deals. First production slated late 2027; stable regulation needed.
12 May 2026
Asahi Kasei to Realign Material Supply by FY2030
Streamline Mizushima Works by FY2030; no immediate supply impact. Exiting low-margin derivative businesses (¥116.2bn 2025) to boost margins, free capital for pharma, healthcare, homes, electronics.
12 May 2026
PETRONAS LNG signs 20-year charter with MISC for five LNG carriers
174,000-cbm newbuild LNG vessels to be built in Shanghai, delivery 2029–2030; will use XDF2.1 propulsion, shaft generators and onboard reliquefaction; project and ship management arranged.
12 May 2026
Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical agree 45/45/10 equity split for western Japan ethylene JV
Plan to integrate western Japan ethylene assets: close Mizushima plant by 2030 and consolidate operations at a single site to decarbonize, optimize capacity and strengthen competitiveness.
11 May 2026
Petrobras posts R$32.7 billion net profit in 1Q26
Net profit R$32.7bn; adjusted EBITDA R$59.6bn; investments R$26.8bn. Production and refining records supported cash generation and higher derivatives output.
11 May 2026
Ecovyst adds $100M Term Loan B to fund INEOS Calabrian sulfur business acquisition
Plans a $100M Term Loan B add-on to finance acquisition of INEOS’s Calabrian sulfur dioxide and related sulfur derivatives business; close targeted end-Q2 2026 with ~2x net leverage.
11 May 2026
POSCO Holdings invests USD 765m for 30% stake in Australian lithium JV with Mineral Resources
Secures rights to 30% of spodumene concentrate from Wodgina and Mt. Marion; aims to link upstream mining supply with downstream processing and capture dividend income.
11 May 2026
Worley partners with Baker Hughes to deliver integrated LNG solutions
Non-exclusive MOU to jointly develop integrated, lower-carbon LNG projects - combining EPCM/EPCI delivery, modular liquefaction, advanced turbomachinery and digital tools to derisk and speed delivery
11 May 2026
GSK partners with Sino Biopharmaceutical (CTTQ) for exclusive China launch of bepirovirsen
Potential first-in-class CHB treatment under priority review in China; deal provides access to 5,000+ medical centres at launch, local import/distribution, hospital access and initial 5.5-yr supply.
11 May 2026
Sumitomo Corporation: Noirmoutier 500 MW Offshore Wind Farm in France Begins Commercial Operation
Construction complete; commercial operation started. 12 km offshore; ~25‑yr life. Annual output ≈ supply for 800k users. Power sold under long‑term fixed‑price PPA; financed via syndicated loan.
11 May 2026
Shanghai Petrochemical commissions phase‑one of 30,000‑t large‑tow carbon fiber project — China’s largest 48K single‑line
Phase-one (2 lines) of a 30,000-t large-tow carbon-fiber project in Ordos began production. Single-line >3,000 t (48K); +50% capacity, 188-day build, >60% green power
8 May 2026
INA, MOL and Syrian Petroleum Company discuss reactivating INA’s Syria operations
Three-day talks assessed restarting oil and gas operations. Joint experts will evaluate technical, operational, commercial and regulatory prerequisites and set a reactivation roadmap.
8 May 2026
MOL Group Q1 2026: USD 212m profit amid supply disruptions and price controls
Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
7 May 2026
ALTTION joins AIQBE as strategic ally
Offers industrial protection services: anti-corrosion, passive fire protection, rope access, turbine maintenance and automation; will share solutions and best practices in technical forums.
7 May 2026
Worley appointed feasibility advisor for St George’s Araxá niobium and rare earths project
Appointed feasibility advisor to provide consulting and engineering for feasibility studies, metallurgy and process, mine planning, plant/tailings design, procurement and construction.
7 May 2026
Borouge expands UAE logistics network with Gulftainer and Etihad Rail partnerships
Agreements secure East Coast export access, streamline inland logistics, and create an integrated rail corridor from Ruwais to ports—boosting multimodal resilience, predictability and lower emissions.
7 May 2026
Moeve Q1 2026 Clean CCS EBITDA €506m, ramps Spain energy-transition capex
Q1 net income €147m; capex €272m (69% to energy transition); operating cash flow €283m; FID for 300MW Andalusian green hydrogen; non-binding talks with Galp; net debt €2.56bn (1.6x).
7 May 2026
Iberdrola sells 5 TWh in Italy via long-term PPAs
Signed five agreements with major Italian chemical, manufacturing and food firms, backed by 90 MW new PV under Energy Release 2.0 to provide stable, competitive, decarbonised supply.
7 May 2026
SPIE Joins Consortium to Build PanTera Actinium‑225 Production Facility in Mol
Consortium to build facility boosting production of a cancer radioisotope; scope includes HVAC, sanitation and technical gases. Construction started; equipment integration planned late 2026.
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