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Mergers, Acquisitions, and Partnerships news
(page 74)
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.
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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.
1 December 2017
Sustainable Biogas Plant at Chemelot
The biogas plant will process 700 ktonnes of manure into biogas, dried manure pellets, and pure water, reducing methane and ammonia emissions and supporting Chemelot's sustainability goals.
1 December 2017
Oxea to Boost European DOTP Production to 60,000 mt/year
A German partner will build a modular DOTP unit, with Oxea supplying 2-EH and marketing DOTP. This will reduce imports and enhance delivery reliability for various industries.
29 November 2017
Novamont Expands Biopolyester Production
The Patrica plant's capacity for ORIGO-BI biopolyesters will double to 100,000 tonnes annually by Q1 2018, enhancing Novamont's bioplastic supply chain and integrating new technologies.
13 November 2017
Phosphea Acquires Elixir’s Feed Phosphate Operations in Serbia
The acquisition enhances production capacity and workforce, strengthening the company's position in the European feed phosphates market and supporting its long-term growth strategy.
1 November 2017
Solvay Sells Chlorine Assets to CUF
Solvay's Torrelavega assets sold to CUF, which plans a €55M investment in a new chlorine unit. Employees stay with Solvay. Asset transfer expected Q1 2018 after mercury-based unit shutdown.
29 October 2017
Borealis Advances to FEED Phase for New PDH Plant in Belgium
The plant, set for 2022, will produce 740 KTA using Honeywell UOP's Oleflex™ technology. Oiltanking Antwerp Gas Terminal and Air Liquide are key partners, pending final investment decision in Q3 2018.
10 October 2017
Evonik Opens New Site in France
The new site in Tours will focus on plant-based cosmetic ingredients, leveraging local scientific collaboration and advanced biotechnological processes for high-yield, resource-efficient production.
13 September 2017
Sabic Expands in Europe with New Polypropylene Facilities
New pilot plant and extrusion facility in Geleen to drive innovation in polypropylene products, supporting sustainable solutions for automotive, healthcare, packaging, and more.
11 September 2017
BP and Bridas form Pan American Energy Group (PAEG)
Creates Argentina's largest privately owned integrated oil & gas company by combining upstream and downstream assets in a cash-free 50:50 tie-up; completion expected early 2018.
18 July 2017
Avantium and AkzoNobel Sign Contract for Pilot Biorefinery in Delfzijl
The pilot plant will validate the Zambezi process to convert biomass into raw materials, aiming for commercial scale. Expected operational in Q2 2018, it will create about 20 jobs.
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