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Mergers, Acquisitions, and Partnerships news
(page 56)
7 June 2023
Axens and KMG Collaborate on Kazakhstan Polyethylene Project
The project aims to produce 1,250,000 tons of polyethylene annually using AlphaButol® technology, following successful past collaboration on refinery modernization.
7 June 2023
Irving Oil Reviews Whitegate Refinery's Future
The company is considering options including a sale of key assets. The review, driven by industry challenges, could impact Ireland's energy security. The government is monitoring the situation.
6 June 2023
Solvay to Produce Green Hydrogen for Peroxides in Italy
The Hydrogen Valley Rosignano Project will cut CO2 emissions by 15% using a 756-ton green hydrogen plant powered by a 9.5 MW photovoltaic installation, operational by mid-2026.
1 June 2023
Carbios and Indorama Ventures to Build PET Biorecycling Plant in France
The joint venture will invest €230M to construct a PET biorecycling plant in Longlaville, France, with plans to start construction by end of 2023 and commission by 2025.
30 May 2023
Plug Power Expands into Finland's Green Hydrogen Market with PEM Electrolyzer and Liquefaction Technology
Plug plans three green hydrogen plants in Finland, producing 850 TPD by 2030. Projects will support ammonia, green steel, and local mobility, creating 1,000 direct and 3,000 indirect jobs.
22 May 2023
Greenalia and P2X-Europe Partner on eFuel Project in Galicia
The Breogán project will produce sustainable aviation fuel using green hydrogen and biogenic CO2 in Galicia, aiming for 20,000 tonnes of synthetic hydrocarbons annually.
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22 May 2023
thyssenkrupp nucera and H2 Green Steel to Build Major Electrolysis Plant in Sweden
The agreement secures over 700MW capacity for a large-scale electrolysis plant in Boden, Sweden, using alkaline water electrolysis technology to produce green hydrogen for steel production.
17 May 2023
Arkema Acquires Polytec PT, Expanding Adhesives for Batteries and Electronics
The acquisition enhances Bostik’s offerings in thermal interface materials and engineering adhesives, aiming for €50M turnover in 5 years, leveraging global presence and expertise.
11 May 2023
Eastman Secures Feedstock for French Molecular Recycling Facility
Eastman has secured over 80% of the feedstock for its French molecular recycling facility, partnering with Citeo, Paprec, and Interzero. The facility will recycle 200,000 metric tonnes annually by 2026.
10 May 2023
Arcadia Chooses Topsoe and Sasol for 2026 eFuels Plant in Denmark
The agreement marks a key milestone for the eFuels plant, aiming to produce sustainable aviation fuels to meet EU mandates and decarbonize the aviation sector by converting CO2 and H2 into eFuel.
9 May 2023
TotalEnergies Acquires Iber Resinas to Boost Plastic Recycling in Europe
The acquisition enhances production of circular polymers, expands recycled product range, and improves feedstock access, supporting the goal of 30% circular polymers by 2030.
9 May 2023
GC Ventures invests in Interface Polymers to enhance plastic recyclability
Polarfin® additives improve recyclability of mixed plastics in food packaging. GC subsidiary allnex partners with Interface Polymers to develop recyclable resins for packaging.
8 May 2023
ABB, Lhyfe, and Skyborn to Develop Major Renewable Hydrogen Project in Sweden
The SoutH2Port project in Sweden will produce 240 tons of hydrogen daily, powered by offshore wind, aiding decarbonization and creating jobs. ABB will optimize integration with automation and digital tech.
8 May 2023
WACKER Acquires ADL Biopharma to Boost Biotechnology Business
The acquisition expands fermentation capacity by 2,000 cubic meters, enhances recovery and purification processes, and aims to grow customer relationships in food, pharmaceutical, and consumer goods sectors.
5 May 2023
ORGANICA Feinchemie Joins WeylChem Group After ICIG Acquisition
The acquisition boosts WeylChem's workforce to 1,500 and sales to €730M. ORGANICA will operate as WeylChem ORGANICA, focusing on custom synthesis and contract manufacturing.
3 May 2023
INEOS Inovyn and HyMove to Enhance Hydrogen Transport in Eastern France
New hydrogen systems and distribution network to decarbonize transport in Eastern France by 2026, supporting national emission targets and creating jobs in hydrogen technology.
2 May 2023
Air Liquide and Holcim Partner to Decarbonize Belgian Cement Plant
The project will use CryocapTM technology to cut CO2 emissions by 1.1 million tons annually, aiming for carbon neutrality by 2030. The captured CO2 will be stored offshore via Antwerp@C CO2 Export Hub.
28 April 2023
LyondellBasell Acquires Full Ownership of QCP
QCP's recycled polymers, used in various products, will now be fully owned by LyondellBasell, advancing their circular and low carbon solutions strategy. Veolia remains a feedstock supplier.
25 April 2023
German Companies Collaborate on Hydrogen Grid
The alliance aims to connect Wilhelmshaven's hydrogen import and production with industrial centers in North Rhine-Westphalia and Lower Saxony, supporting Germany's climate-neutral goals by 2045.
24 April 2023
Norwegian and Norsk e-Fuel to Build E-Fuel Plant in Mosjøen
The new plant will produce sustainable aviation fuels, aiming for a 45% emissions reduction by 2030. The project will use renewable energy and recycled CO2, starting production by 2026.
18 April 2023
Nippon Gases to Build CO2 Plant in Germany
A new plant in Zörbig will purify and liquefy biogenic CO2, reducing transport emissions and enhancing supply security. The project supports sustainability and promotes workforce diversity.
14 April 2023
Cepsa and Bio-Oils to Build Largest 2G Biofuels Plant in Huelva
The new plant will produce 500,000 tons of SAF and renewable diesel annually, create 2,000 jobs, and reduce CO2 emissions by up to 90%, with operations starting in 2026.
12 April 2023
Axens Partners with BioTJet for Sustainable Aviation Fuel Production in France
The BioTJet project uses BioTfueL® technology to produce sustainable aviation fuel from non-food biomass, supported by ADEME, with a final investment decision expected by end 2024.
12 April 2023
Heidelberg Materials and Linde to Build First Large-Scale CCU Facility in Cement Industry
The facility will capture and reuse 70,000 tonnes of CO₂ annually, supported by €15M from BMWK, enhancing CO₂ supply for food and chemical industries. Operations start in 2025.
6 April 2023
Evonik Sells Lülsdorf Site and Cyanuric Chloride Business to ICIG
The sale includes over 600 employees and all production plants. The transaction awaits antitrust clearance and Evonik committee approval, with completion expected by mid-2023.
4 April 2023
Técnicas Reunidas starts engineering for CETAER's e-methanol plant in Spain
The plant will produce 37,000 tonnes of e-methanol annually from green hydrogen and CO2, starting in 2026, with plans to expand to 300,000 tonnes by 2030. The project has received IDAE's "Pioneers 3 Plan" subsidy.
3 April 2023
INEOS Phenol Acquires Mitsui Phenols Singapore Assets
The acquisition adds over 1 million tonnes capacity annually, enhancing INEOS's operations in Asia and integrating with sites in the USA, Belgium, and Germany.
27 March 2023
ADNOC to Develop Low-Carbon Ammonia Chain in North Rhine-Westphalia
ADNOC signed an MoU to produce and transport low-carbon ammonia in North Rhine-Westphalia, aiming to support industrial decarbonization and renewable energy initiatives.
27 March 2023
LyondellBasell and EEW Partner on Advanced Waste Sorting
The LOI explores a strategic partnership to extract and recycle plastics from incineration waste, supporting advanced sorting infrastructure and reducing CO2 emissions by diverting plastics from incineration.
21 March 2023
Stora Enso and Kolon Partner on Bio-Based Materials
They signed a Joint Development Agreement to create and commercialize bio-based polyesters and renewable binder resins for packaging, car tires, electronics, and more, leveraging their combined expertise.
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