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Mergers, Acquisitions, and Partnerships news
(page 69)
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.
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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.
16 December 2021
ENGIE and Equinor Launch H2BE for Low-Carbon Hydrogen in Belgium
The H2BE project will produce low-carbon hydrogen from natural gas using ATR and CCS, supporting Belgium's hydrogen strategy and aiming for operations before 2030 to meet decarbonization targets.
15 December 2021
bp Awards Engineering Contracts for UK Carbon Capture Projects
Two consortiums will design and submit plans for a UK power station and carbon capture plant, with one selected for construction in 2023, aiming to support the UK's net zero goals.
14 December 2021
Galp and Northvolt Form Aurora to Develop Lithium Plant in Portugal
Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by 2026, supporting the battery value chain and energy transition efforts.
22 November 2021
Air Liquide and BASF Secure EU Funding for CCS Project in Antwerp
The Kairos@C project aims to cut 14.2M tons of CO2 in Antwerp by 2035 using innovative CCS technologies, contributing to EU climate goals and supported by the European Innovation Fund.
11 November 2021
Vita Group and Evonik Develop Efficient PU Mattress Recycling Process
The new hydrolysis process recycles flexible PU foams into original polyol, reducing mattress waste and supporting circular economy goals in the PU foam industry.
28 October 2021
Rosneft and Maire Tecnimont to Develop VGO Hydrocracking Complex in Ryazan
The project at Ryazan Refining includes design, equipment supply, construction, and commissioning. It aims to convert dark petroleum into Class 5 light products using efficient, eco-friendly technology.
26 October 2021
MetalNRG and EQTEC to Restart Biomass Power Plant in Tuscany
The plant will convert local straw and wood waste into green energy, generating €2M annual revenue and €750K EBITDA. Full operation expected by Q2 2022 with a 20% unlevered IRR.
20 October 2021
Neste and Ravago to Form Joint Venture for Chemical Recycling in the Netherlands
The joint venture will build a facility in Vlissingen to recycle 55,000 tons of plastic waste annually, leveraging advanced liquefaction technology and aiming for global expansion. Regulatory approval pending.
20 October 2021
Air Liquide Expands Renewable Hydrogen Project in Port Jerome, France
The project will build a 200 MW electrolyzer, cutting 250,000 tonnes of CO2 annually by 2025. It supports a low-carbon hydrogen network in Normandy and has secured key EU and French funding.
6 October 2021
Shell and Pryme Partner on Plastic Waste to Chemicals Agreement
The agreement involves supplying pyrolysis oil from a Rotterdam plant, operational in 2022, with a second plant planned for 2024. It aims to enhance circular chemical production and plastic waste recycling.
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