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Mergers, Acquisitions, and Partnerships news
(page 56)
7 May 2025
Marubeni and ExxonMobil Sign Low-Carbon Ammonia Agreement
The deal secures 250,000 tonnes of low-carbon ammonia annually for Japan, supporting decarbonization goals and aiming to establish a global low-carbon ammonia market by 2030.
6 May 2025
Ecovyst completes Waggaman, Louisiana sulfuric acid asset acquisition
Acquired Waggaman sulfuric acid production assets from Cornerstone Chemical, boosting capacity, network flexibility and supply reliability for virgin sulfuric acid and regeneration services.
6 May 2025
SunGas: Beaver Lake green methanol project enters FEED
Project moves into FEED with engineering firms and technology licensors selected; >$2bn investment, >500,000 t/yr green methanol capacity and construction targeted for mid‑/second‑half 2026.
30 April 2025
INEOS and Covestro Sign 8-Year LNG Supply Deal to Boost European Industry
The agreement ensures long-term energy security for European operations, supporting industrial resilience and addressing energy transition challenges.
28 April 2025
Topsoe to Provide SAF Technology for Zhejiang Jianglan Project
The SAF plant in Zhoushan City will produce 300,000 tons annually, starting December 2026, initially for Europe, later for China, reducing CO2 emissions by 698,000 tons annually.
27 April 2025
Blending Obligation Boosts Perpetual Next's Green Gas Initiatives
The blending obligation mandates green gas in the grid by 2027, enhancing production opportunities and supporting national climate goals.
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23 April 2025
Calpine and ExxonMobil Sign CO2 Storage Deal
Agreement to store 2M MTA CO2 from Baytown Energy Center, supporting low-carbon power and steam. Part of ExxonMobil's CCS expansion, enhancing energy security and industrial competitiveness.
23 April 2025
Nobian and Partners Launch Rare Metal Recycling for Electrolyzers
A new initiative recycles rare metals from electrolyzers, enhancing circularity and reducing reliance on virgin materials in the chlor-alkali industry.
21 April 2025
Aramco and BYD Partner on New Energy Vehicle Tech
The agreement aims to enhance vehicle efficiency and environmental performance through joint R&D, focusing on innovative technologies for energy transition and climate solutions.
16 April 2025
Coolbrook and Tenova Partner for CO2-Free Metal Production
The partnership aims to electrify high-temp metal processes, cutting CO2 emissions by integrating RDH™ technology into acid regeneration plants, with plans to expand further.
14 April 2025
Öresundskraft and INEOS to Store 210,000 Tonnes of CO₂ Annually from Sweden in Denmark
The agreement advances cross-border CCS efforts, with storage starting 2028, highlighting international cooperation for climate goals and expanding EU's CO₂ storage capacity.
14 April 2025
Wanhua’s Acquisition of Vencorex: A Critical Juncture for European Chemical Industry
The acquisition raises concerns over job losses, foreign ownership, and automation, but offers potential in green chemistry and highlights the need for regulatory reassessment and community resilience.
9 April 2025
Aramco, Sinopec, Yasref Plan Petrochemical Expansion
The agreement aims to develop a fully-integrated petrochemical complex at Yasref, enhancing production and diversifying output, coinciding with Yasref's 10th anniversary.
9 April 2025
LANXESS Sells Urethane Systems to UBE Corporation
The sale completed on April 1, 2025, for €500M. Proceeds will redeem a bond, reducing leverage to ~3x. This concludes LANXESS's portfolio transformation.
9 April 2025
Clariant and Technip Energies Launch New Catalyst for Low Steam-to-Oil Styrene Production
New catalyst achieves 0.76 S/O ratio, boosting energy efficiency and sustainability in styrene production, suitable for existing, revamped, and new plants.
8 April 2025
Solvay Expands European Rare Earths Production Capacity
The La Rochelle facility begins rare earth production for magnets, aiming to meet 30% of Europe's demand by 2030, enhancing sustainability and supply chain partnerships.
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.
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.
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