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Mergers, Acquisitions, and Partnerships news
(page 59)
8 July 2022
Vulcan Updates on Zero Carbon Lithium™ Projects in Germany and Italy
Vulcan collaborates with Enel Green Power on geothermal lithium in Italy and advances its Zero Carbon Lithium™ Project in Germany with positive EIA results and ongoing community support.
30 June 2022
Trinseo and GMP to Build Recycling Plant in Netherlands
The new plant will recycle polystyrene for food packaging, aiming for a 2024 startup. It will enhance circularity and sustainability, supporting long-term agreements and further research.
23 June 2022
Air Liquide and Siemens Energy Form Joint Venture for Renewable Hydrogen Electrolyzers
The joint venture will produce industrial-scale renewable hydrogen electrolyzers in Berlin, starting in 2023, with a 3 GW capacity by 2025. It aims to advance hydrogen technology and decarbonize industries.
23 June 2022
Green Fuels Hamburg: Sustainable Aviation Fuel Production
Green Fuels Hamburg aims to produce 10,000 tonnes of CO2-neutral kerosene annually by 2026, leveraging local renewable energy and Fischer-Tropsch synthesis, with support from TUHH, Hamburg Senate, and Emirates.
22 June 2022
Moderna to Establish UK Vaccine Research and Manufacturing Centre
NHS patients will access next-gen mRNA vaccines via a new UK facility, boosting pandemic response and job creation. The centre will enhance R&D and local manufacturing for various diseases.
22 June 2022
Lamor and Resiclo to Build Chemical Recycling Plant in Finland
The plant in Porvoo will recycle 10,000 tons of plastic annually, aiming for 40,000 tons by 2026. Construction starts in 2022, with operations in 2023. Total investment is EUR 12 million.
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22 June 2022
LOTTE and Sasol to Explore Joint Production of EV Battery Materials
The companies will study building a plant in the US or Germany to produce battery-grade electrolyte solvents, using proprietary technologies and aiming to minimize carbon footprint.
16 June 2022
Toray and LG Chem Form Battery Separator Film JV in Hungary
The JV will invest $375M, start plant construction next year, and target European battery firms. LG Chem aims for management control in 30 months, leveraging synergies in fabric and coating technologies.
15 June 2022
Lhyfe and Chantiers de l’Atlantique Partner on Offshore Green Hydrogen Production
The agreement aims to develop offshore hydrogen production platforms, leveraging renewable energy sources, with plans for large-scale deployment and solutions for port areas.
15 June 2022
Indaver and INEOS Styrolution Sign Agreement for Recycled Styrene Monomer Plant in Antwerp
The agreement enables production of polystyrene from recycled feedstock, reducing waste and fossil use. The new plant will meet food-grade standards and start production in 2024.
15 June 2022
HH2E and MET Group to Develop Major Green Hydrogen Plant in Germany
The project in Lubmin aims for 100 MW capacity by 2025, scalable to 1 GW by 2030, producing up to 60,000 tonnes of green hydrogen annually, with a total investment potentially exceeding 1 billion euros.
13 June 2022
Chevron finalizes Renewable Energy Group acquisition
The acquisition enhances Chevron's renewable fuels capabilities. CJ Warner, former REG CEO, joins Chevron's Board, bringing expertise in traditional and renewable energy sectors.
8 June 2022
Plug to Build Green Hydrogen Plant at Port of Antwerp-Bruges
A 35-tons-per-day green hydrogen plant will be built at Port of Antwerp-Bruges, producing 12,500 tons annually. Construction starts in late 2023, with production by late 2024 and commissioning in 2025.
7 June 2022
Sustainable Large-Scale Production of Antimicrobial Peptides Developed by mk2 Biotechnologies, WACKER, and TUM
The project aims to develop cost-efficient, scalable production of antimicrobial peptides via sustainable fermentation, targeting applications in personal care, food, animal breeding, and crop protection.
3 June 2022
Viridi to Build Green Hydrogen Plant in Cadiz
The €210M project aims to start by late 2025, creating 300 construction jobs and 50 permanent roles. It will produce 30,000 tonnes of green methanol annually, primarily for export to Germany.
2 June 2022
AGROFERT to Acquire Borealis' Nitrogen Business in Europe
The acquisition includes fertilizer, melamine, and technical nitrogen products, valued at EUR 810 million. The deal awaits regulatory approval and is expected to close in the second half of 2022.
31 May 2022
HyDeal España partners with four EPC firms
The firms will design Europe's largest renewable hydrogen hub, aiming for competitive costs. Production starts in 2025, targeting 150,000 tons of hydrogen annually by 2026, reaching 330,000 tons by 2030.
31 May 2022
Nippon Shokubai and Arkema Partner to Mass-Produce LiFSI Electrolyte Salts in France
The partnership aims to mass-produce ultrapure LiFSI electrolyte salts for electric vehicle batteries, enhancing performance and supporting Europe's battery value chain. Production starts by end-2025.
31 May 2022
DSM and Firmenich to Merge, Leading in Nutrition, Beauty, and Well-being
The merger combines expertise in perfumery, taste, health, and nutrition, enhancing innovation and sustainability. It aims to better serve customers and drive growth with a strong global footprint.
31 May 2022
LANXESS to Acquire DSM Elastomers for EUR 310 Million
The acquisition, valued at an EBITDA multiple of 6, will be EPS accretive by 2011. The deal includes EPDM plants in the Netherlands and Brazil, pending antitrust approval and employee consultation.
24 May 2022
Xycle to Begin Building Plastic Recycling Plant in 2024
The plant will convert 21,000 tons of plastic into raw materials annually, aiming for global expansion. It reduces CO2 emissions and fossil raw material use in the chemical industry.
20 May 2022
Circa and Valmet Partner to Scale Biochemical Production
The partnership aims to optimize the Furacell™ process, targeting 80 ktpa Cyrene™ production by 2030, leveraging Valmet's expertise in biomass-to-energy solutions and plant automation.
3 May 2022
Altris to Produce Cathode Material in Sandviken, Sweden
The new facility, Ferrum, will produce 2000 metric tonnes of sustainable sodium-ion battery cathode material annually, with production starting in early 2023.
27 April 2022
MOL and Plug Power to Build Major Green Hydrogen Plant in Hungary
The new plant will produce 1,600 tons of green hydrogen annually, reducing 25,000 tons of CO2. It supports carbon neutrality goals and energy independence, operational by 2023.
22 April 2022
European Consortium Announces €1 Billion Green Hydrogen and Ammonia Project in Portugal
The project in Sines will use 500MW of electrolysis to produce 50,000 tons of green hydrogen and 500,000 tons of green ammonia annually, creating 200+ jobs and supporting Portugal's National Hydrogen Strategy.
13 April 2022
Galp and Northvolt to Build Lithium Conversion Plant in Setúbal
Setúbal's new plant will produce 28,000-35,000 tons of lithium hydroxide annually by 2026, creating 200 direct and 3,000 indirect jobs with a €700 million investment.
12 April 2022
Shell Signs First Agreement for Rotterdam Hydrogen Pipeline
The hydrogen pipeline in Rotterdam will connect the Maasvlakte to Pernis by 2024-2025, supporting sustainable industry and linking to national and international networks.
11 April 2022
Gasunie, HES, and Vopak to Develop Hydrogen Import Terminal in Rotterdam
The terminal will import green ammonia as a hydrogen carrier, operational by 2026, supporting green hydrogen demand in energy, transport, and petrochemicals, leveraging Rotterdam's strategic location.
8 April 2022
Lhyfe and wpd Partner for Green Hydrogen Production at Swedish Offshore Wind Farm
The project will produce green hydrogen using offshore wind power in Söderhamn, Sweden, aiming for 600 MW capacity and 240 tonnes daily output, enhancing local industry and supporting climate goals.
7 April 2022
Raffinerie Heide Advances Green Hydrogen Project
The State Government of Schleswig-Holstein has budgeted €194 million for the HySCALE100 project, aiming to decarbonize petrochemical and cement industries with large-scale green hydrogen production.
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