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Mergers, Acquisitions, and Partnerships news
(page 50)
16 October 2024
Power2X and Advario to Build e-SAF Hub in Rotterdam
The hub will produce 250,000 tonnes/year of e-SAF, using green methanol and hydrogen, supporting Europe's decarbonization and meeting 40% of e-SAF demand by 2030.
11 October 2024
Lhyfe and Elyse Energy to produce e-methanol from green hydrogen at Nantes Saint-Nazaire Port
The Green Coast project aims to decarbonize maritime transport using e-methanol, supported by local and regional initiatives for a low-carbon industrial transition.
10 October 2024
KazMunayGaz-Aero and NextChem Partner on SAF Development
They signed an MOU in Milan to produce sustainable aviation fuel and low-carbon hydrogen, using circular solutions to minimize waste and environmental impact.
9 October 2024
Perpetual Next Partners with Air Liquide for Biomethanol Production
Perpetual Next develops a biomethanol production chain using torrefaction and gasification, with facilities planned in the Netherlands, Estonia, and the USA.
9 October 2024
VTTI and Connex to Develop Renewable Feedstock Facility in Amsterdam
The facility will process 400,000 tons of renewable feedstock annually by 2027, supporting sustainable fuel production and offering advanced pretreatment services in Northern Europe.
3 October 2024
LANXESS to Sell Urethane Systems to UBE Corporation
The sale, valued at €460M, includes 5 sites and 400 employees. Proceeds will reduce net debt. Transaction expected to close in H1 2025, pending regulatory approval.
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1 October 2024
Covestro and ADNOC Sign Investment Agreement for Public Takeover Offer
ADNOC offers €62/share, supporting Covestro's growth strategy. A 10% capital increase will raise €1.17 billion. Shareholders gain a 54% premium.
1 October 2024
Covestro Backs ADNOC's €1.17 Billion Takeover with Strategic Investment
The agreement supports sustainable growth, offers a 54% premium to shareholders, and ensures governance continuity, with a 10% capital increase for strategic implementation.
30 September 2024
Vioneo to produce fossil-free plastics from green methanol in Antwerp
The project aims to cut CO2 emissions, create jobs, and needs stakeholder support, regulatory backing, and customer commitment for success.
24 September 2024
CARBIOS and Selenis Partner to Produce Sustainable PETG for Cosmetics and Healthcare
The partnership leverages enzymatic depolymerization and polymerization expertise to create sustainable PETG from PET waste, meeting high standards for cosmetics and healthcare packaging.
23 September 2024
Northvolt Cuts 1600 Jobs in Sweden
Operations in Sweden are scaled back to focus on battery production, affecting 1,600 jobs. Support measures for impacted employees are in place, with ongoing union negotiations.
20 September 2024
Eskom and Sasol Partner to Explore LNG for South Africa's Energy Needs
The MoU aims to assess LNG needs, infrastructure, and supply for power generation, supporting South Africa's energy transition and decarbonization efforts.
18 September 2024
Sinopec and Técnicas Reunidas JV awarded petrochemical project in Kazakhstan
The €2.3B steam cracker project in Atirau will use local gas to produce 1,300 kta of ethylene. Completion is expected by 2028, with Lummus Technologies as the technology licensor.
16 September 2024
SkyNRG and Skellefteå Kraft's Project SkyKraft
Project SkyKraft explores producing eSAF from renewable energy and biogenic CO2 in Northern Sweden, supporting EU decarbonization and Skellefteå's green industry growth.
16 September 2024
E-Lyte Opens First German Electrolyte Production Plant
The new plant in Kaiserslautern produces 20,000 tons of electrolytes annually for batteries, enhancing sustainability and efficiency. The project is backed by the German Environmental Innovation Programme.
13 September 2024
FUCHS to Acquire Swiss Lubricant Firm STRUB & Co. AG
The acquisition will provide market access and a research plant in Switzerland. Both companies share a focus on innovation and customized solutions. Completion is expected by end of 2024.
12 September 2024
€35M Investment Boosts Abolis Biotechnologies
An international consortium's investment will expand biomanufacturing, accelerate R&D, and foster strategic partnerships in healthcare, cosmetics, and chemicals, driving sustainable biotech innovation.
12 September 2024
bp and Iberdrola Approve 25MW Green Hydrogen Plant in Castellón
The 25 MW green hydrogen project at Castellón refinery will be operational by late 2026, funded by 15M euros from the EU. It aims to decarbonize industry and create up to 500 construction jobs.
11 September 2024
Kazakhstan Begins Construction of Atyrau Polyethylene Plant
The plant will produce 1.25 MT of polyethylene annually by 2029, creating 8,000 construction jobs and 800 permanent jobs, boosting GDP by 1.2%, and reducing import dependency.
10 September 2024
Worley Supports Shell’s Decarbonization at Rheinland Park, Germany
Two projects at Rheinland Park: converting a hydrocracker to produce base oils and installing a 100 MW electrolyzer for renewable hydrogen, aiming to cut carbon emissions significantly.
9 September 2024
Methanex to Acquire OCI Global’s Methanol Business for $2.05 Billion
The acquisition includes two methanol plants in Texas, a low-carbon methanol business, and a facility in the Netherlands. Expected to boost Methanex's production by 20% and add $275M in annual EBITDA.
3 September 2024
Eni and Snam Launch Italy's First Carbon Capture and Storage Project
The Ravenna CCS project begins CO2 injection, capturing 25,000 tonnes annually, with plans to store up to 4 million tonnes by 2030, supporting Italy's decarbonization and climate goals.
29 August 2024
PPG to Sell Silicas Business to QEMETICA
The $310M transaction, closing in Q4 2024, includes manufacturing sites in the US and Netherlands. PPG will focus on coatings and specialty products. QEMETICA aims to expand globally.
28 August 2024
Lhyfe, OX2, and Velarion to Create 300MW Green Hydrogen Cluster in Ånge, Sweden
The project in Ånge will combine wind power and green hydrogen to produce carbon-neutral products, including a green ammonia fertilizer plant, boosting local industry and job creation.
27 August 2024
Skovgaard, Vestas, and Topsoe Launch World's First of its Kind Green Ammonia Plant
The new plant in Ramme, Denmark, converts renewable power to green ammonia, demonstrating cost-effective production and aiding in decarbonizing industries. Funded by the Danish EUDP, it produces 5,000 tons annually.
22 August 2024
LYB Acquires APK AG Recycling Technology
The acquisition enhances LYB's Circular and Low Carbon Solutions with APK's solvent-based recycling tech, aiming to boost recycling of flexible plastic waste and meet sustainability goals.
14 August 2024
Topsoe to Supply Technology for HOLBORN's Hamburg Renewable Fuels Refinery
The Hamburg refinery will use HydroFlex™ to produce 220,000 tons/year of SAF and renewable diesel by 2027, addressing rising SAF demand and supporting the energy transition.
12 August 2024
Honeywell and Repsol Partner on Renewable Fuels
The collaboration aims to scale biofuel production using waste materials and explore advanced recycling technologies to reduce carbon emissions and support energy transition goals.
9 August 2024
Port of Moerdijk and Perpetual Next to Build Biomethanol Plant
A biomethanol plant with a 220,000-tonne capacity will be built by mid-2025, supported by local partnerships and infrastructure connections. Demand for biomethanol is rising globally.
6 August 2024
CARBIOS and FCC Environment to Develop UK PET Biorecycling Plant
The project aims to use enzymatic depolymerization to recycle hard-to-recycle PET waste, supporting the UK's circular economy and enhancing waste management efficiency.
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