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Mergers, Acquisitions, and Partnerships news
(page 65)
20 March 2019
Hyundai Engineering Pre-Selected for Polimery Police Project
The Polimery Police project aims to boost Poland's polypropylene production, reducing imports and creating jobs. The project budget is capped at EUR 1.52bn, with completion expected by Q4 2022.
7 March 2019
Braskem and Haldor Topsoe Launch Renewable MEG Demo Unit in Denmark
A new demo unit in Denmark converts sugar into renewable MEG, aiming to reduce production costs and enhance sustainability in the chemical industry. The global MEG market is valued at $25 billion.
4 March 2019
AGC Acquires Spanish Pharma Plant Malgrat Pharma Chemicals
The acquisition enables AGC to produce synthetic pharmaceutical intermediates and active ingredients in Europe, enhancing its CDMO business and expanding its presence in the European market.
1 March 2019
Shell Joins Rotterdam W2C Project
The Rotterdam W2C project will convert 360,000 tons of waste into bio-methanol, reducing CO2 emissions by 300,000 tons annually. Supported by Dutch authorities, it aims for a final investment decision in 2019.
18 February 2019
Total Acquires Synova for Recycled Polypropylene
The acquisition boosts recycled polypropylene supply for automotive use, enhancing vehicle efficiency and reducing CO2. Total also advances in bioplastics and partners on polystyrene recycling projects.
6 February 2019
Essar Oil UK Acquires BP Assets to Boost Growth
The acquisition enhances logistics infrastructure, supports retail expansion, and strengthens competitiveness in the UK market, with plans to grow to 400 retail sites and increase aviation fuel supply.
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6 February 2019
Isobutene from Wheat Straw Produced at Demo Scale
The OPTISOCHEM project converts wheat straw into bio-isobutene, aiming for commercial production. Partners include Clariant, INEOS, and others, with ongoing R&D until May 2021.
21 December 2018
Zijin Finalizes Investment in Serbia's RTB Bor Group
On December 18th, the company signed closing documents with the Serbian government, acquiring 63% equity in RTB Bor Group.
4 December 2018
SABIC and PLASTIC ENERGY Partner on Recycled Feedstock Supply
They plan to build a plant in the Netherlands to produce TACOIL from mixed plastic waste, supporting a circular economy and sustainability goals.
28 November 2018
CARBIOS and KEM ONE to Develop PET Biorecycling Plant in French Chemical Valley
A Letter of Intent outlines plans for a PET biorecycling demonstration plant in Saint-Fons, France, aiming to create a circular economy for plastics and fibers using innovative, sustainable technology.
22 October 2018
BASF and Nornickel Partner for European Battery Materials
A new plant in Finland will produce battery materials for 300,000 electric vehicles annually, using renewable energy. A long-term supply agreement ensures local nickel and cobalt sourcing.
6 October 2018
Borealis to Build 750,000 Tonne/Year PDH Plant in Belgium
The new PDH plant in Belgium will use Honeywell UOP’s Oleflex™ technology, partner with Oiltanking for logistics, and sell by-product hydrogen to Air Liquide, enhancing energy efficiency and supply reliability.
12 September 2018
thyssenkrupp secures MOL contract for Hungarian chemical complex
The new complex in Hungary will produce 200,000 tons of polyether polyol annually by 2021, enhancing efficiency and automation. The project supports MOL's 2030 growth strategy in petrochemicals.
5 July 2018
Praxair to Sell European Assets to Taiyo Nippon Sanso
The sale, worth 5 billion euros, includes Praxair's industrial gases businesses in 12 countries and 2,500 employees. The deal is contingent on the Praxair-Linde merger and regulatory approvals.
18 June 2018
Eastern Denmark's Largest Biogas Plant Commissioned
The new plant converts industrial residues into bio-natural gas and fertilizer, supporting circular economy and significant carbon savings. It will produce 8 million cubic meters of gas annually.
30 May 2018
TOTAL and DOMO Chemicals Launch 60 Million Euro Benzene Project
The project involved building a new benzene unit, a 1.6 km pipeline, and a DOMO production unit. It enhances competitive positioning and strengthens integration at the Leuna chemical park.
30 May 2018
Mitsui Chemicals and Prime Polymer Launch New PP Compounds Company in Netherlands
The new company will be Mitsui Chemicals’ first European base for automotive-use PP compounds, starting June 2020, to meet rising demand for lightweight materials due to stricter environmental regulations.
20 April 2018
AkzoNobel and INEOS Partner to Expand Chelates Production
The partnership will see new chelates production facilities at INEOS’s Cologne site, operational by 2020, enhancing sustainability and meeting rising demand due to the European phosphate ban.
17 April 2018
Air Liquide Invests €80M in Hydrogen Production for Covestro
A new hydrogen unit in Antwerp will enhance energy efficiency, reduce CO2 emissions, and support aniline production for polyurethanes, starting operations in 2020.
3 April 2018
Nel ASA Halts H2V Power-to-Gas Project
Due to limited progress and financing issues, Nel will focus on other high-value projects. The H2V project's halt won't impact Nel's order backlog or future hydrogen initiatives in Europe.
23 March 2018
INEOS Advances VAM Project in Europe
A MOU has been signed and FEED studies started for a VAM plant in Europe, with potential sites in the UK or Belgium. Construction is planned for 2019, with operations starting in early 2021.
19 March 2018
MOL/JSR Synthetic Rubber Plant in Hungary Completed
The new plant in Tiszaújváros will produce 60,000 tons of S-SBR annually, creating over 100 jobs. It supports MOL's strategy to expand its petrochemical value chain and invest in chemical growth.
16 February 2018
Consortium Secures Initial Funding for Rotterdam Waste-to-Chemistry Project
The project will convert 360,000 tons of waste into 220,000 tons of methanol, supported by Dutch authorities. Final investment decision expected in 2018, with Rabobank as lead advisor.
13 February 2018
AkzoNobel and Evonik Launch Chlorine and Potassium Hydroxide Plant
The new plant in Germany uses advanced membrane electrolysis to produce chlorine, potassium hydroxide, and hydrogen, enhancing sustainability, efficiency, and reducing CO2 emissions by 25-30%.
23 January 2018
Aquafil and Genomatica Partner for Sustainable Bio-Nylon
The partnership aims to produce sustainable caprolactam for nylon using plant-based ingredients, offering eco-friendly, high-performance alternatives for apparel, carpets, and fibers without process changes.
23 January 2018
Shell and ITM to Build Hydrogen Plant at Rhineland Refinery
The world's largest hydrogen electrolysis plant, "Refhyne," will be operational by 2020, producing 1,300 tons of hydrogen annually using surplus electricity instead of natural gas.
22 January 2018
Yara Advances Rare Earth Elements Extraction
The EU Horizon 2020 program funds a project to extract rare earth elements from phosphate used in fertilizer, aiming to reduce Europe's reliance on imports and enhance resource utilization.
12 January 2018
Synvina Extends PEF Pilot Phase in Antwerp
The pilot phase extension aims to optimize FDCA production for PEF. Technical improvements are needed, delaying the Reference Plant startup by 24-36 months, now expected in 2023-2024.
10 January 2018
Indorama Expands European Leadership with ZILS Acquisition
The new owners will start maintenance in January 2018, increasing the workforce by 10%. Production begins in the second half of 2018, with 80% for Europe and Turkey, and 20% for the Americas and Middle East.
1 January 2018
Chimcomplex Completes Purchase of Valcea Chemical Platform
The acquisition of Oltchim SA's assets in Ramnicu Valcea, worth 589.3 million lei plus VAT, was fully paid, finalizing the ownership transfer on December 8, 2018.
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