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Mergers, Acquisitions, and Partnerships news
(page 65)
9 May 2023
GC Ventures invests in Interface Polymers to enhance plastic recyclability
Polarfin® additives improve recyclability of mixed plastics in food packaging. GC subsidiary allnex partners with Interface Polymers to develop recyclable resins for packaging.
8 May 2023
ABB, Lhyfe, and Skyborn to Develop Major Renewable Hydrogen Project in Sweden
The SoutH2Port project in Sweden will produce 240 tons of hydrogen daily, powered by offshore wind, aiding decarbonization and creating jobs. ABB will optimize integration with automation and digital tech.
8 May 2023
WACKER Acquires ADL Biopharma to Boost Biotechnology Business
The acquisition expands fermentation capacity by 2,000 cubic meters, enhances recovery and purification processes, and aims to grow customer relationships in food, pharmaceutical, and consumer goods sectors.
5 May 2023
ORGANICA Feinchemie Joins WeylChem Group After ICIG Acquisition
The acquisition boosts WeylChem's workforce to 1,500 and sales to €730M. ORGANICA will operate as WeylChem ORGANICA, focusing on custom synthesis and contract manufacturing.
3 May 2023
INEOS Inovyn and HyMove to Enhance Hydrogen Transport in Eastern France
New hydrogen systems and distribution network to decarbonize transport in Eastern France by 2026, supporting national emission targets and creating jobs in hydrogen technology.
2 May 2023
Air Liquide and Holcim Partner to Decarbonize Belgian Cement Plant
The project will use CryocapTM technology to cut CO2 emissions by 1.1 million tons annually, aiming for carbon neutrality by 2030. The captured CO2 will be stored offshore via Antwerp@C CO2 Export Hub.
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28 April 2023
LyondellBasell Acquires Full Ownership of QCP
QCP's recycled polymers, used in various products, will now be fully owned by LyondellBasell, advancing their circular and low carbon solutions strategy. Veolia remains a feedstock supplier.
25 April 2023
German Companies Collaborate on Hydrogen Grid
The alliance aims to connect Wilhelmshaven's hydrogen import and production with industrial centers in North Rhine-Westphalia and Lower Saxony, supporting Germany's climate-neutral goals by 2045.
24 April 2023
Norwegian and Norsk e-Fuel to Build E-Fuel Plant in Mosjøen
The new plant will produce sustainable aviation fuels, aiming for a 45% emissions reduction by 2030. The project will use renewable energy and recycled CO2, starting production by 2026.
18 April 2023
Nippon Gases to Build CO2 Plant in Germany
A new plant in Zörbig will purify and liquefy biogenic CO2, reducing transport emissions and enhancing supply security. The project supports sustainability and promotes workforce diversity.
14 April 2023
Cepsa and Bio-Oils to Build Largest 2G Biofuels Plant in Huelva
The new plant will produce 500,000 tons of SAF and renewable diesel annually, create 2,000 jobs, and reduce CO2 emissions by up to 90%, with operations starting in 2026.
12 April 2023
Axens Partners with BioTJet for Sustainable Aviation Fuel Production in France
The BioTJet project uses BioTfueL® technology to produce sustainable aviation fuel from non-food biomass, supported by ADEME, with a final investment decision expected by end 2024.
12 April 2023
Heidelberg Materials and Linde to Build First Large-Scale CCU Facility in Cement Industry
The facility will capture and reuse 70,000 tonnes of CO₂ annually, supported by €15M from BMWK, enhancing CO₂ supply for food and chemical industries. Operations start in 2025.
6 April 2023
Evonik Sells Lülsdorf Site and Cyanuric Chloride Business to ICIG
The sale includes over 600 employees and all production plants. The transaction awaits antitrust clearance and Evonik committee approval, with completion expected by mid-2023.
4 April 2023
Técnicas Reunidas starts engineering for CETAER's e-methanol plant in Spain
The plant will produce 37,000 tonnes of e-methanol annually from green hydrogen and CO2, starting in 2026, with plans to expand to 300,000 tonnes by 2030. The project has received IDAE's "Pioneers 3 Plan" subsidy.
3 April 2023
INEOS Phenol Acquires Mitsui Phenols Singapore Assets
The acquisition adds over 1 million tonnes capacity annually, enhancing INEOS's operations in Asia and integrating with sites in the USA, Belgium, and Germany.
27 March 2023
ADNOC to Develop Low-Carbon Ammonia Chain in North Rhine-Westphalia
ADNOC signed an MoU to produce and transport low-carbon ammonia in North Rhine-Westphalia, aiming to support industrial decarbonization and renewable energy initiatives.
27 March 2023
LyondellBasell and EEW Partner on Advanced Waste Sorting
The LOI explores a strategic partnership to extract and recycle plastics from incineration waste, supporting advanced sorting infrastructure and reducing CO2 emissions by diverting plastics from incineration.
21 March 2023
Stora Enso and Kolon Partner on Bio-Based Materials
They signed a Joint Development Agreement to create and commercialize bio-based polyesters and renewable binder resins for packaging, car tires, electronics, and more, leveraging their combined expertise.
15 March 2023
TotalEnergies and Paprec Launch Advanced Plastic Film Recycling in France
A new agreement secures waste supply for an advanced recycling plant in Grandpuits, set to process 15,000 tons annually by 2024, producing recycled plastics with properties of food-grade virgin plastics.
13 March 2023
LyondellBasell to Acquire Mepol Group
The acquisition enhances sustainable solutions, combining expertise in recycled compounds. Regulatory approval pending. Mepol will operate independently until closing.
16 February 2023
SUEZ, Loop Industries, and SK Geo Centric to Build Recycled PET Plant in France
The new facility in Saint-Avold, France, will produce 70,000 metric tons of recycled PET annually, creating 200 jobs and reducing CO2 emissions by 255,000 tonnes. Construction starts in 2025.
8 February 2023
LyondellBasell and KIRKBI Invest in APK for Recycling Technology
The investment aims to enhance solvent-based recycling for LDPE, increasing recycling of multi-layer packaging and supporting a circular economy with high-quality recycled materials.
1 February 2023
Engie and Equinor Complete H2BE Feasibility Study in Ghent
The 1 GW H2BE hydrogen project at Rodenhuize in Ghent moves to the next development phase, with over 20 potential off-takers and support from investment funds and Belgian authorities.
17 January 2023
Vulcan and Stellantis Partner on Geothermal Energy for German Plant
The project aims to decarbonize the Rüsselsheim plant by 2025, producing clean electricity and heat. It includes a pre-feasibility study, with funding support from the local government.
17 January 2023
PureCycle to Build First European Recycling Plant in Belgium
The new plant in Antwerp-Bruges' NextGen District will recycle 59,000 metric tons of polypropylene annually, with potential expansion. Construction starts post-permitting in 2024, creating 65-70 jobs.
12 January 2023
Borealis Acquires Majority Stake in Renasci's Ostend Facility
The acquisition boosts access to chemically recycled feedstock, enhancing the portfolio of recycled products and supporting circular economy goals with Renasci's Smart Chain Processing technology.
5 January 2023
Germany and Norway to Build Hydrogen Pipeline
Germany and Norway will strengthen their energy partnership, aiming for a hydrogen supply by 2030. A joint feasibility study will assess the technical and economic viability of the project.
4 January 2023
LANXESS and TotalEnergies Partner on Sustainable Styrene
They will supply biocircular styrene from tall oil for sustainable ion exchange resins, certified by ISCC PLUS. This supports their climate-neutral goals and customer demand for low-carbon solutions.
22 December 2022
Polimery Police Nears Completion with First Propane Delivery
The first 22,000 tonnes of propane have been delivered to the new gas terminal in Police, Poland, marking a key milestone in the final phase of the Polimery Police chemical complex project.
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