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Mergers, Acquisitions, and Partnerships news
(page 48)
4 April 2025
Bayer and Iberdrola España to Electrify and Decarbonize Asturias Plant
The project uses renewable energy for steam production, reducing CO2 emissions and enhancing industrial competitiveness, with completion expected by June 2026.
27 March 2025
IFF and Kemira Launch Joint Venture for Biobased Materials Production
Alpha Bio will invest €130M to produce 44,000 MT of biopolymers by 2027, using IFF's DEB technology in Finland, creating 30 jobs and offering sustainable alternatives to fossil-based products.
27 March 2025
TotalEnergies and Partners Advance Northern Lights CCS Phase 2
Phase 2 of Northern Lights CCS will boost CO2 storage to 5 million tons annually by 2028, backed by a $700M investment and a 15-year deal with Stockholm Exergi for 900,000 tons of CO2 storage.
26 March 2025
BASF and Forestal partner on e-methanol production in Spain using OASE technology
The project uses carbon capture to produce e-methanol, enhancing sustainable fuel production for industrial transport and chemical synthesis.
25 March 2025
LANXESS Boosts 2024 Earnings
EBITDA up 19.9% to EUR 614M. Sales down 5.2%. Strong cash flow, debt reduced. Cost savings ahead of plan. Urethane Systems sale to UBE finalizes specialty chemicals shift.
18 March 2025
LyondellBasell, Covestro to Close PO11 Unit in Netherlands
Closure due to global overcapacity, high costs, and weak demand. LYB to safely shut down by 2026. Commitment to European market and ongoing customer support remain.
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17 March 2025
Freepoint Eco-Systems Secures $50M Finance Facility with ING
A $50M loan supports a new Ohio facility to upcycle hard-to-recycle plastic, marking a significant step in expanding global waste plastic upcycling.
13 March 2025
AnQore Advances Sustainable Toy Supply Chain
ELIX uses sustainable raw materials for E-LOOP CR products, reducing carbon footprint and supporting circular solutions in the toy industry.
12 March 2025
Futerro Begins Engineering for European Biorefinery in France
The biorefinery will use fermentation, polymerisation, and recycling to produce renewable polymers, aiming to reduce carbon footprint and support Europe's green chemistry transition.
12 March 2025
RWE and TotalEnergies Sign 15-Year Green Hydrogen Deal for Leuna Refinery
The agreement involves 30,000 metric tons of green hydrogen annually, reducing CO2 emissions by 300,000 tons, supported by a hydrogen network and storage facilities in Germany.
11 March 2025
Latvenergo and H2Pro Partner on Green Hydrogen in Latvia
They signed an MOU to explore deploying electrolysis technology in Latvia, aiming for cost-effective green hydrogen production integrated with renewable energy sources.
10 March 2025
WasteFuel and ITC Begin FEED for Green Methanol Plant in Ankara
The facility will produce green methanol for shipping, using biogas from waste. A final investment decision is due in 2026, potentially making Türkiye a sustainable marine fuel hub.
10 March 2025
Dow, ING, Invest-NL, Polestar Capital, and Vopak fund Xycle's first chemical recycling plant in Rotterdam
Xycle secures funding to build a plant using pyrolysis to recycle 21,000 tons of plastic waste annually, operational by Q4 2026, with plans for global expansion.
7 March 2025
Rely and Verso Energy Sign MOU for Seven Global e-Fuels Plants
The MOU aims to develop e-Fuels plants producing sustainable aviation fuel, integrating carbon capture technology to lower costs and emissions.
6 March 2025
Draslovka Partners with Natron Energy on Sodium-Ion Batteries
The partnership focuses on developing Prussian blue materials for sodium-ion batteries, enhancing production capabilities in the EU and U.S., and promoting sustainable energy solutions.
6 March 2025
WACKER Adopts Biogenic Carbon for Silicon Production
A new contract enables the shift to biogenic carbon, reducing CO2 emissions and advancing climate-neutral silicon production at the Holla site.
3 March 2025
ANDRITZ to Design 100 MW Green Hydrogen Plant in Germany
The plant will support Germany's Hydrogen Core Network and European Hydrogen Backbone, aiding decarbonization. Commissioning is set for 2027, with operations expected by 2028.
3 March 2025
OMV and ADNOC to Form $60 Billion Polyolefins Leader
The new entity will be the fourth-largest globally, acquiring Nova Chemicals, with headquarters in Vienna and Abu Dhabi, and aims for significant growth and synergies. Completion by Q1 2026.
28 February 2025
TUSAŞ and ASPİLSAN Enerji Sign Agreement for Aviation Battery Cell Development
The agreement aims to boost local production of aviation batteries, reducing foreign reliance and enhancing Türkiye's defense and aviation competitiveness.
27 February 2025
CALB Begins Zero-Carbon AI Gigafactory in Portugal
Construction started on a zero-carbon AI gigafactory in Portugal, with new tech unveiled and strategic agreements signed, marking a collaborative milestone for the EV battery and energy storage sectors.
25 February 2025
Vulcan and BASF Begin Seismic Surveys for Geothermal Project
Seismic surveys start in Ludwigshafen for geothermal heat and lithium project, aiming to supply renewable energy and district heating, supporting Europe's green transition.
25 February 2025
Vulcan to Start Seismic Surveys for Geothermal Project with BASF
Seismic surveys approved for geothermal heat project in Germany, aiming to supply renewable heat and sustainable lithium, supporting decarbonization and green electromobility.
23 February 2025
Lone Star Funds to Acquire RadiciGroup's Specialty Chemicals and Polymers Business
The acquisition will close in late 2025, with Radici family retaining Advanced Textiles. Lone Star aims to enhance growth and operational excellence.
19 February 2025
Covestro U.S. Sites Achieve 100% Renewable Electricity
Four U.S. sites reach net-zero Scope 2 emissions via RECs and a vPPA with Ørsted, cutting 90,000 tons of CO2 annually, advancing climate-neutral goals by 2035.
18 February 2025
Industrial Group to Acquire Northvolt Systems Industrial Division
The acquisition includes assets, employees, and contracts, ensuring seamless operations. The move aligns with a strategic focus on large-scale cell manufacturing. Regulatory approval pending.
18 February 2025
TotalEnergies and Air Liquide Partner to Decarbonize Refineries with Green Hydrogen
Two projects in the Netherlands will produce 45,000 tons of green hydrogen annually, cutting CO2 emissions by 450,000 tons at refineries in Belgium and the Netherlands by 2030.
18 February 2025
Air Liquide and TotalEnergies Invest in European Decarbonization Projects
Two electrolyzer projects in Europe aim to produce renewable hydrogen, cutting CO2 emissions by 500,000 tonnes annually, with completion by 2027 and 2029.
10 February 2025
Momentum Global Ventures Boosts Investment in Perpetual Next
Perpetual Next secures funding for 15 biofuel projects, reduces debt, and gains public support, positioning for strategic partnerships and expansion in methanol and biogas production.
7 February 2025
bp and Iberdrola begin building Spain's largest green hydrogen plant
The project will create 500 jobs, use 25 local firms, and produce 2,800 tonnes of green hydrogen annually, cutting 23,000 tonnes of CO2 emissions. Completion is expected in 2026.
3 February 2025
UPM Biochemicals partners with Bilfinger for biorefinery maintenance
A new biorefinery in Leuna will produce 220,000 tons of hardwood-based biochemicals annually, using sustainable forestry and advanced maintenance for efficient, eco-friendly operations.
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