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Mergers, Acquisitions, and Partnerships news
(page 68)
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.
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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.
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.
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.
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