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Mergers, Acquisitions, and Partnerships news
(page 7)
29 June 2026
Technip Energies, Alterra and Neste launch Nerea modular solution for chemical recycling
Standardized modular plant converts mixed, hard-to-recycle plastics into petrochemical-grade feedstock while reducing pre‑investment, complexity and schedule risk to accelerate scale-up.
29 June 2026
Acelen Renewables and Trafigura agree feedstock supply and offtake for Bahia biorefinery
Integrated deal secures used cooking oil feedstock and offtake for a HEFA biorefinery, linking production to North American and European markets.
29 June 2026
XRG to acquire 32% upstream stake in Vaca Muerta for ARGENTINA LNG
Acquisition alongside YPF and Eni to supply an integrated 12 MTPA ARGENTINA LNG project; deal needs regulatory approvals and covers three Vaca Muerta blocks.
29 June 2026
Eni takes 32% stake in Vaca Muerta blocks for Argentina LNG
Acquires 32% of three Vaca Muerta blocks to feed 12 MTPA LNG capacity via two 6 MTPA floating units; deal completion subject to regulatory approvals.
29 June 2026
Metsä Group and Qutwo advance next-generation AI for the forest industry
The partnership will deploy Qutwo OS to optimise wood procurement and tissue converting lines, aiming to raise wood value and lower variable costs between forest and mill.
29 June 2026
Mitsubishi Gas Chemical and Gold Hydrogen MOU for green methanol from natural hydrogen in South Australia
Feasibility study to use natural hydrogen from a South Australia project as core feedstock for green methanol, with a preliminary study planned in H2 2026.
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26 June 2026
Sasol and Topsoe refocus SAF partnership; Zaffra JV to wind down
Zaffra JV will be wound down as partners shift to a technology-led licensing model under their Single Point Licensor framework, with six licences already signed.
25 June 2026
Vitol and IRH finalize 20-year 1.0 mtpa LNG FOB supply agreement
1.0 mtpa of LNG to be supplied on FOB terms for 20 years; deal follows a prior announcement on 5 November 2025.
25 June 2026
Vitol and IRH sign 20-year, 1.0 mtpa LNG SPA
1.0 mtpa LNG to be delivered FOB over 20 years under a newly executed SPA, reinforcing long-term, diversified supply and global market presence.
25 June 2026
Toray identifies ferroptosis‑inhibiting lead compound, partners with Kyushu University
Novel lead compound inhibits ferroptosis and showed activity in kidney‑disease animal models; Toray and Kyushu will hunt lipid‑peroxidation biomarkers to evaluate effects.
25 June 2026
OCI court-appointed independent non-exec directors continue review of NNS cash offer
They stress independence under an Enterprise Court mandate, aim to finalise assessment by end-June 2026, and have not authorised an EGM to approve the proposed transaction.
25 June 2026
thyssenkrupp and GlobalLogic partner to deploy Physical AI and autonomous robotics
Deploy Physical AI and autonomous robotics to remove engineering bottlenecks, protect frontline workers and accelerate decarbonization across heavy industry.
25 June 2026
ORLEN and Naftogaz sign two MoUs to expand LNG cooperation and sustainability support
Two MoUs to expand LNG trading, shared use of regasification and transmission infrastructure across the Baltic/CEE, plus exchange on sustainability, decarbonisation, green finance and ESG.
25 June 2026
Nextchem (MAIRE) completes acquisition of Ballestra Group including Mazzoni and BUSS ChemTech
Adds full NPK fertilizer technologies, fluorine and oleochemistry capabilities; integrates ~460 staff, pilot plants and a €270m backlog; transaction paid at €148.2m.
25 June 2026
ONGC and bp sign technical services contract for Western Offshore Basin
Technical services contract appoints a TSP for the Western Offshore Basin to deploy technology and operating practices to curb decline and improve recovery.
25 June 2026
Vattenfall: Swedish state to acquire 60% of Videberg Kraft
Risk‑sharing and financing terms agreed to enable new nuclear on the Värö Peninsula; ownership structure effective 2027; Rolls‑Royce SMR selected to supply three small modular reactors.
25 June 2026
Siemens and Ucaneo to scale electrochemical Direct Air Capture
A standardized automation and digital platform will enable rapid global rollout of an electrified electrochemical DAC process through licensed operators.
25 June 2026
UPM and ANDRITZ form multi‑year tissue innovation partnership
Shared access to a pilot-scale PrimeLineTIAC in Graz enables manufacturers to trial a standard hardwood pulp, speed commercialization, and optimize dry‑crepe, textured and TAD processes.
24 June 2026
AkzoNobel to hold EGM on proposed all‑share merger with Axalta
Shareholders to vote at Amsterdam EGM on Aug 5, 2026; merger closing expected end‑2026/early‑2027 if approved.
24 June 2026
Saipem sells Saudi shallow-water drilling unit to ADES for $285m
Deal covers five jack-up rigs; SAS posted 2025 revenues of SAR 636m (USD 170m). Buyer will bareboat-charter one rig back; closing targeted by Q3 2026 subject to approvals.
24 June 2026
TotalEnergies enters Bab Gas Cap concession in Abu Dhabi
Takes 10% stake in Bab Gas Cap with partners including ADNOC (operator), bp and CNPC; project targets 1.5 bcfd and connects to Ruwais LNG and condensate growth.
24 June 2026
bp takes 10% stake in ADNOC-led Bab Gas Cap concession
Concession to tap three Bab Field reservoirs, producing up to 1.5 bcfd of gas and condensate; supports UAE gas self-sufficiency and LNG export growth.
24 June 2026
OCI confirms NNS intends EUR 4.10 per‑share voluntary cash offer
NNS plans a voluntary all‑cash offer at EUR 4.10 cum dividend per share; OCI board (excluding court‑appointed members) backs a cash option tied to the Orascom combination.
24 June 2026
Air Liquide invests €70M in Kazakhstan to supply Silleno polyethylene plant
€70M project to build two large, high‑purity nitrogen units at NIPT SEZ to support Silleno’s world‑scale polyethylene plant; commissioning targeted end‑2028.
24 June 2026
GSK commences tender offer for Nuvalent
Tender offer launched at $124 per share; requires majority of Class A shares tendered and HSR clearance; no guaranteed delivery; offer set to expire July 14, 2026.
24 June 2026
Lilly completes acquisition of Centessa to advance orexin R2 agonists
Closed June 24, 2026; adds a clinical-stage portfolio of orexin receptor 2 agonists for narcolepsy and other sleep‑wake disorders.
24 June 2026
MAIRE, Samruk‑Kazyna and ACIK to explore HEFA-based SAF in Kazakhstan
MoU launches feasibility work on HEFA feedstocks, infrastructure options and an AIFC-linked investment framework; technology pathways and commercial/financial feasibility to be assessed.
23 June 2026
Petrobras and Pemex sign MoU for E&P and industrial cooperation
Non-binding two-year framework to evaluate joint projects in deepwater exploration, mature-field revitalisation, refining, petrochemicals and emissions reduction.
23 June 2026
Evonik builds Lülsdorf–Wesseling methanol pipeline to secure methionine feedstock
Shared regional storage and a new 4 km methanol pipeline improve feedstock security for methionine production while cutting Scope‑3 emissions and enabling future green methanol.
22 June 2026
ArcelorMittal and AWS to industrialise AI and supply low‑carbon steel
Cloud, AI and edge tech will be deployed at plant floors for predictive maintenance, quality control, process optimisation and digital twins; plus a multi‑year lower‑carbon structural steel supply for Europe and the UK.
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