Chemical Industry News, Data & Insights

Technip Energies Acquires Ecovyst's Advanced Materials & Catalysts Business

Key highlights

Acquisition Overview

Technip Energies is set to acquire Ecovyst's Advanced Materials & Catalysts business, which includes Advanced Silicas and Zeolyst International. This strategic move aims to enhance Technip Energies' catalyst capabilities and broaden its process technology offerings.

Financial Impact

The acquisition is expected to be immediately accretive to earnings and cash flow. On a pro-forma basis for 2024, it will increase the Technology, Products & Services (TPS) segment's contribution to Segment EBITDA from 39% to approximately 45%.

Business Details

Advanced Materials & Catalysts, with a total revenue of $223 million and an EBITDA margin of ~25% for 2024, brings over 40 years of expertise in the chemicals and downstream sectors. The business operates three manufacturing facilities in the US and Europe and employs 330 people.

Timeline and Conditions

The transaction is anticipated to close by the first quarter of 2026, subject to customary regulatory approvals and closing conditions.

Technological Advancements

The acquisition will enhance Technip Energies' development of integrated technology and catalyst solutions, particularly in areas like circular chemistry, carbon capture, and sustainable fuels. The deal also secures leading positions in markets with long-term visibility, such as polyethylene and hydrocracking, while unlocking growth opportunities in emerging applications like Sustainable Aviation Fuel (SAF) and advanced recycling.