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Mergers, Acquisitions, and Partnerships news
(page 60)
1 April 2022
Air Liquide and EQIOM's K6 Project Secures European Innovation Fund Support
The K6 project aims to make a cement plant carbon-neutral by capturing 8 million tons of CO2 in 10 years, using innovative technology and receiving €150 million from the European Innovation Fund.
30 March 2022
Eastman Negotiates Normandy Site for Molecular Recycling Facility
The facility will recycle 160,000 tonnes of polyester waste annually, create 350 jobs, and reduce emissions by 80%. Expected operational by 2025, it has support from global brands and local authorities.
25 March 2022
Northvolt to Convert Kvarnsveden Paper Mill into Gigafactory
The new gigafactory in Borlänge, Sweden, will start operations in late 2024, employ up to 1,000 people, and produce over 100 GWh of cathode material annually using 100% clean energy.
23 March 2022
Volkswagen and SEAT Unveil Spain Electrification Plan
The plan includes a €7B investment, a new battery cell factory in Valencia, and aims to transform Spain's automotive industry, creating 3,000 jobs and boosting e-mobility across Europe.
23 March 2022
Stellantis Invests in Termoli Battery Plant with ACC
The Termoli plant will be transformed into a battery facility, increasing capacity to 120 GWh by 2030. This supports Stellantis' goal of 5M annual EV sales and 400 GWh battery capacity.
10 March 2022
OMV and ALBA to Build Sorting Plant in Germany
The plant will sort mixed plastic waste for chemical recycling, processing 200,000+ t annually. It aims to enhance circular economy efforts and reduce environmental impact.
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9 March 2022
French State Supports Air Liquide's 200 MW Hydrogen Project in Port-Jérôme
The project, using Siemens Energy tech, aims to decarbonize Normandy's industry and boost hydrogen mobility. It seeks €190M from IPCEI and plans CO2 capture with partners, targeting 2025 completion.
5 March 2022
KfW, Gasunie, and RWE to Build LNG Terminal in Brunsbüttel
The LNG terminal in Brunsbüttel will have an 8 billion m3 regasification capacity, enhancing Germany's energy security and future-proofing for green hydrogen derivatives like ammonia.
3 March 2022
SkyNRG's Project Wigeon: Expanding SAF Production in the U.S.
SkyNRG's Project Wigeon aims to produce 50 million gallons of SAF annually in Washington, supplying major West Coast airports with support from Boeing and other partners.
24 February 2022
Carbios and Indorama Ventures to Build Bio-Recycled PET Plant in France
The plant will use enzymatic technology to recycle PET, processing 50,000 tons of waste annually. The project, costing €200 million, aims to create 150 jobs and advance the circular economy.
21 February 2022
thyssenkrupp to Build Three Polymer Plants for SASA in Turkey
The project includes PET and Co-PET plants with a combined capacity of 416,000 tons/year and a resin plant using MTR® technology. The scope covers engineering, components, and technical services.
15 February 2022
HyDeal España: Largest Renewable Hydrogen Hub in Asturias
HyDeal España will produce and deliver renewable hydrogen, aiming for 9.5 GW solar and 7.4 GW electrolysers by 2030. It targets 6.6 million tons of hydrogen over 20 years, reducing Spain's CO2 emissions.
4 February 2022
Volvo and Northvolt to Open 3,000-Job Battery Plant in Gothenburg
The plant, operational by 2025, will produce 50 GWh of battery cells annually, support Volvo's electric car goals, and focus on sustainable production with fossil-free energy.
2 February 2022
ESE and Nordic Ren-Gas Partner on €100M Hydrogen Project in Mikkeli
The project will assess a Power-to-Gas facility's feasibility, aiming to produce renewable methane and hydrogen, enhancing carbon neutrality and district heating in Mikkeli.
1 February 2022
Verkor Chooses Dunkirk for First Gigafactory
The Gigafactory in Dunkirk will produce low-carbon batteries for EVs by 2025, expanding to 50 GWh by 2030, creating 1,200 direct jobs and supporting Europe's battery value chain.
1 February 2022
BASF Expands Polyamide Portfolio in Europe with Solvay Acquisition
BASF will market new polyamide and polyphthalamide grades in Europe, enhancing its plastics portfolio for various industries, including E&E and automotive, following the acquisition of Solvay’s PA66 business.
17 January 2022
Eastman to invest $1 billion in France for world's largest molecular plastics recycling facility
The facility will recycle 160,000 metric tonnes of plastic waste annually, create 350 jobs, and reduce carbon emissions by up to 80%. Operational by 2025, it supports EU sustainability goals.
15 January 2022
Unimot Group Signs Preliminary Deal to Acquire Lotos Fuel Terminals and Bitumen Plants
The acquisition will make Unimot the third-largest fuel storage and second-largest bitumen seller, doubling its workforce and potentially adding PLN 70-100 million in annual EBITDA.
14 January 2022
Evonik to Build Industrial-Scale Rhamnolipids Plant in Slovakia
Investing a three-digit million-euro sum, the new plant will produce bio-based, biodegradable rhamnolipids, enhancing partnerships and market position in biosurfactants. Completion is expected in two years.
13 January 2022
Maire Tecnimont Secures €250M EPC Contract for Covestro Aniline Plant in Antwerp
The project will expand aniline production in Antwerp, with completion expected by 2024. It will use advanced technologies for safety and efficiency, enhancing the site's infrastructure and logistics.
12 January 2022
Aramco Invests in PKN Orlen's Gdansk Refinery
Aramco acquires stakes in a Gdansk refinery, wholesale business, and jet fuel venture. Also signs MoUs to explore opportunities in Central and Eastern Europe, including R&D.
12 January 2022
PKN ORLEN and LOTOS Group Merger Nears Completion
Four partners selected to meet EU conditions, ensuring energy security, diversification, and expansion into new markets. No collective redundancies planned; focus on strategic growth and R&D.
12 January 2022
SABIC, Saudi Aramco, and PKN Orlen Sign MOU for Growth in Poland and CEE
The MOU explores potential petrochemical projects, including a new facility in Poland, asset expansions, and a new cracker. A joint development agreement may follow the exploration phase.
11 January 2022
Plastic Energy and TotalEnergies Partner on Advanced Recycling Plant in Spain
A new plant in Sevilla will recycle 33,000 tons of plastic waste annually into food-grade polymers by 2025, enhancing circular economy efforts in Europe.
11 January 2022
Nobian and Vulcan Partner on Lithium Project for European EV Batteries
The partnership will assess producing lithium hydroxide in Germany, leveraging electrolysis expertise and geothermal resources to support Europe's growing EV battery market and sustainability goals.
3 January 2022
Trinseo Acquires Heathland B.V.
The acquisition enhances access to recycling technologies and aligns with 2030 sustainability goals, focusing on climate change, sustainable products, and circular economy initiatives.
2 January 2022
Westlake Acquires Hexion Epoxy Business
The $1.2B acquisition adds a leading portfolio of specialty resins, coatings, and composites, enhancing capabilities in high-growth, sustainable sectors like wind energy and lightweight automotive components.
21 December 2021
GreenH2Atlantic Advances Renewable Hydrogen in Sines, Portugal
A 100 MW green hydrogen project in Sines, Portugal, funded by the EU's Horizon 2020, aims to start construction in 2023 and operation by 2025, supporting Europe's decarbonization goals.
17 December 2021
Ineos and Petroineos Partner with Plastic Energy on Plastic Recycling Breakthrough
The trial at Grangemouth aims to convert hard-to-recycle plastic into food-grade material, enhancing circularity and reducing landfill. The project uses advanced recycling to create sustainable packaging.
17 December 2021
Apollo Funds Acquire Kem One Group
The acquisition supports growth and modernization plans. Apollo aims to enhance production reliability and reduce environmental impact. Frédéric Chalmin remains CEO, with Jim Voss as Chairman.
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