Recent developments
Portfolio realignment in coatings
Stahl completed the carve-out of its wet-end leather chemicals business, creating Muno under Wendel and refocusing on speciality coatings for flexible materials and packaging. Resources shift to performance and packaging coatings, signaling portfolio streamlining toward higher-growth applications, sustainability requirements, and faster customer-driven innovation.
Catalyst capabilities consolidation
Technip Energies closed the acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst, adding Advanced Silicas and the Zeolyst International JV with Shell. AM&C retains leadership and US/EU manufacturing; 330 employees transfer. The accretive deal deepens catalyst offerings for refining, petrochemicals, and low-carbon processes.
Leadership change and capacity
At Topsoe, Scaltritti to succeed Baan as CEO on June 1, 2026. Under Baan, the company scaled SOEC electrolyzers with Europe’s largest facility, opened a Bayport, Texas catalyst plant, and formed Zaffra with Sasol for sustainable aviation fuel. SBTi validated a 2040 net-zero target, supported by the issuance of green hybrid securities, indicating continuity in catalysts and decarbonization.