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Mergers, Acquisitions, and Partnerships news
(page 2)
9 June 2026
GSK to acquire Nuvalent for $10.6 billion
Includes two late-stage ROS1 and ALK NSCLC inhibitors under FDA review for 2026 decisions, plus a HER2 candidate; expected to be accretive to profit from 2027 and funded by debt and cash.
9 June 2026
Technip Energies, Airbus, Safran and Tereos form Rebound JV to build 160,000 t/y Alcohol‑to‑Jet SAF at Dunkirk
JV to develop a 160,000 t/y Alcohol‑to‑Jet SAF plant at Port of Dunkirk; partners will fund development, run pre‑FEED/FEED and seek FID after permitting, feedstock and offtake agreements.
9 June 2026
PTT Global Chemical positions Map Ta Phut as regional hub for high‑value, low‑carbon businesses with Toray and Mitsubishi
Turning agricultural residues into bio‑based chemicals; trialled at 50,000‑L fermentation scale; pilot‑scale bio muconic and adipic acid targeted by 2028; pathway to 100% bio‑based nylon 6,6 and expanded market access.
8 June 2026
Honeywell reaffirms 2026 guidance and issues Honeywell Technologies outlook
Full-year sales $38.8–39.8B; adjusted EPS $10.35–10.65 and free cash flow $5.3–5.6B. Post-spin Honeywell Technologies sales $19.9–20.2B; adjusted EPS $3.95–4.15.
8 June 2026
Uniper and Ksi Lisims LNG sign LOI for 2 mtpa Canadian LNG supply
LOI outlines a 2 mtpa long-term LNG purchase, with first volumes possible in 2032 from a proposed 12 mtpa BC floating export facility designed for low emissions.
8 June 2026
Meccanoplastica showcases INEOS recycled HDPE at PLAST 2026
Live blow-moulding demo will produce 200ml cosmetic bottles with advanced recycled HDPE; 4L samples use Recycl-IN HDPE with 50% post‑consumer recyclate to support regulatory targets.
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8 June 2026
Johnson & Johnson to acquire Firefly Bio for $1 billion to add Firelink DAC platform
Targets KRAS-driven solid tumours with a selective protein degrader; closing expected later this year pending regulatory approvals.
8 June 2026
PETRONAS and Eni form Searah JV to boost regional energy security
50:50 JV combines 19 gas assets across Malaysia and Indonesia, targets 300k→500k boe/d and plans $20bn investment backed by a $6bn credit facility.
8 June 2026
Siemens and Infineon partner to add CoolSiC SiC modules to SENTRON 3QD2 breakers
SiC power modules boost semiconductor circuit breakers for faster, denser, more reliable protection in data centers, factories and battery storage.
8 June 2026
Roche and Nurix partner to co-develop and co-commercialise BTK degrader bexobrutideg
Collaboration targets B‑cell malignancies, immunology and neurology with an oral, brain‑penetrant BTK degrader planned for Phase 3 in summer 2026.
6 June 2026
MOL secures OFAC licence to continue NIS acquisition talks
US licence allows continuation of talks to buy a majority stake in a Serbian oil company until 16 June 2026, enabling finalisation of transaction documentation.
5 June 2026
Honeywell sets June timetable for Aerospace spin-off and 1-for-2 reverse split
Record date June 15; distribution expected June 29 with one new share per two held; new Nasdaq ticker for Aerospace; concurrent 1-for-2 reverse split reduces outstanding and authorized shares.
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
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.
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.
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