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Mergers, Acquisitions, and Partnerships news
(page 59)
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.
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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.
1 August 2024
Trafigura Acquires Greenergy
Trafigura completes acquisition of Greenergy's European and Canadian supply businesses, aiming to enhance growth and support a lower carbon future.
1 August 2024
Verdalia acquires four biomethane plants in northern Italy
The plants, operational by Q2 2026, will produce 230 GWh of biomethane annually, eliminating 53,000 tons of CO2 emissions. ESG consultants Healthy Business Advisory will partner on the projects.
1 August 2024
Gunvor and VARO to Develop SAF Facility in Rotterdam
The SAF facility will process various feedstocks, produce SAF or HVO, and leverage existing infrastructure. Completion of FEED is expected in Q4 2024, supporting aviation's decarbonization goals.
30 July 2024
ICIG Acquires Clariant's Bioethanol Plant in Romania
The site will be run by Corden BioChem, expanding its fermentation capacity. ICIG plans significant investments and will rehire many former employees.
29 July 2024
Perpetual Next Forms US and Europe Biomethanol Partnerships
Secured feedstock for 440,000 tonnes of biomethanol annually. New plants in Florida and Estonia using wood waste, boosting production and EBITDA with advanced torrefaction technology.
25 July 2024
Siemens Energy secures hydrogen project contract from EWE in Germany
The 280 MW electrolysis plant in Emden will produce 26,000 tons of green hydrogen annually by 2027, reducing CO2 emissions by 800,000 tons. The project is part of the "Clean Hydrogen Coastline" initiative.
24 July 2024
ANDRITZ to design carbon capture plant for Westenergy in Finland
The project aims to capture CO2 from flue gases at a waste-to-energy plant, liquefy it, and use it for carbon-neutral e-fuels. The final investment decision is expected in early 2025.
17 July 2024
Lhyfe and Elyse Energy to Produce E-Methanol from Green Hydrogen at Nantes Port
The project aims to decarbonize maritime transport using e-methanol from green hydrogen. A feasibility study is underway, with a project presentation set for September 2024.
16 July 2024
Messer to Build 10 MW Green Hydrogen Plant in Düren
The plant will produce up to 180 kg of hydrogen per hour, powering fuel cell buses. NEUMAN & ESSER will supply electrolyzers and compressors. Funded by BMDV, it will be operational by fall 2025.
15 July 2024
Pecém Complex Chooses Stolthaven and GES for Green Ammonia Terminal
Pecém Complex selects a consortium to develop a green ammonia terminal, advancing its hydrogen hub. The project aims to meet 25% of Rotterdam's import demand by 2030.
15 July 2024
German Government Funds RWE Hydrogen Projects
Germany grants over €619M for hydrogen projects, including a 300-MW electrolyser in Lingen and a 100-MW plant in Rostock. Federal and state governments cover 70% and 30% of funding, respectively.
10 July 2024
Lummus and MOL Launch Waste Plastic Recycling Plant in Hungary
The plant will process 40,000 tons of waste plastics annually, using advanced pyrolysis technology to produce circular petrochemicals with zero direct scope 1 emissions.
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