Aimia Inc. has signed an agreement to acquire Giovanni Bozzetto S.p.A., also known as Bozzetto Group, from Chequers Capital and other minority shareholders. The purchase price is based on an enterprise value of approximately $328 million and is expected to be financed with a combination of cash and debt. The executive management team of Bozzetto … Read more
Johnson Matthey, a UK-based sustainable technology company, has been selected by Perstorp AB to provide the methanol license and engineering services for its Project Air initiative in Sweden. The project aims to substitute all the fossil methanol used by Perstorp in Europe as raw material for chemical products with sustainable methanol. The plant is expected … Read more
bp has launched the HyVal green hydrogen cluster in Valencia, a public-private collaborative initiative that aims to develop up to 2GW of electrolysis capacity by 2030 for green hydrogen production. The initiative is led by bp and will play an instrumental role in decarbonizing the Castellón refinery’s operations, including the use of green hydrogen, biofuels, … Read more
Renewable energy companies Everfuel and Hy24 have formed a joint venture to support the development of electrolyser capacity in the Nordic region. The two companies will contribute €200m in equity to construct renewable hydrogen infrastructure in Denmark, Norway, Sweden, and Finland. The joint venture aims to develop up to 1GW of renewable hydrogen projects. The … Read more
Arkema, a French multinational chemical company, has announced its 2022 full-year financial results, reporting impressive growth in sales and EBITDA, despite a challenging macroeconomic environment. The company also provided its outlook for 2023, which includes the continuation of its strategic priorities and the implementation of its cutting-edge innovation focused on sustainable development and decarbonization. Sales … Read more
Carbon Clean, a global leader in cost-effective carbon capture solutions, has been awarded the contract to supply carbon capture equipment for Ørsted’s FlagshipONE eMethanol project in Sweden. The project involves the production of 50,000 tonnes of eMethanol per year for the shipping industry, which is responsible for about 3% of global carbon emissions. Carbon Clean’s … Read more
Italian technology company NextChem and its subsidiary MyRechemical have signed an agreement with Dutch joint venture Dimeta to explore opportunities to produce low-carbon renewable and recycled carbon dimethyl ether (DME) from waste for use in LPG. DME is similar to propane and can be blended with LPG without requiring changes to appliances or infrastructure, offering … Read more
Casa dos Ventos, a renewable energy company, and Comerc Eficiência, an energy efficiency company of the Comerc Energia Group, signed a partnership with the TransHydrogen Alliance (THA), whose objective is to create new supply chains for the energy transition of European countries. The purpose of the agreement is to enable the export of green ammonia … Read more
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in the European chemical sector for a generation. The plant will have the lowest carbon footprint in Europe, three times lower than the average European steam … Read more
Holiferm Limited and Sasol Chemicals, a business unit of Sasol Ltd., announced a collaboration to produce and market rhamnolipids and mannosylerythritol lipids (MELs). This collaboration expands the partnership announced in March 2022 between the two companies to develop and commercialise another biosurfactant product, sophorolipids. The partnership will use Holiferm’s proprietary technology to develop the fermentation-derived … Read more
Tata Chemicals Europe and Vertex Hydrogen have signed a ‘Heads of Terms’ offtake agreement for over 200 megawatts of low carbon hydrogen. TCE is one of Europe’s leading producers of sodium carbonate, salt, sodium bicarbonate and other products used in the manufacture of food and animal feed, glass, detergents, chemicals and several other industry applications. … Read more
Nuberg EPC, the leading Indian Global EPC company announced that it has been awarded 550 TPD (tons per day) Sulfuric Acid Plant project on EPC based contract in Neratovice, Czech Republic. The project is owned by Spolana s.r.o, a leading chemical manufacturer located on the Elbe riverbank in Neratovice, Czech Republic. Spolana a.s is one … Read more
On 3 January 2023, Arkema finalized the divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon. Febex is a global player in phosphorus derivatives (high purity phosphoric acid, sodium hypophosphite and derivatives), used primarily in electronics and in the pharmaceuticals industry. Part of the Performance Additives Business Line and with little … Read more
Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of … Read more
Versalis S.p.A., Eni’s chemical company, has acquired the technology to produce enzymes for second-generation ethanol from Royal DSM N.V. The agreement has a strategic value for Versalis as it integrates with proprietary Proesa technology, applied at the Crescentino plant for the production of sustainable bioethanol and chemical products from lignocellulosic biomass, improving the competitiveness of … Read more
Manali Petrochemicals (MPL), a part of Singapore’s AM International, has acquired UK-based Penn Globe for £21 million. Penn Globe is a market leader in foam control agents and chemical products like lubricants, surface coatings, release agents and silicone emulsions. The boards of the two companies unanimously approved the acquisition. “The addition of Penn Globe is … Read more
TotalEnergies and Air Liquide are innovating to produce and valorize renewable, low carbon hydrogen at the Grandpuits zero crude platform. Under a long-term contract committing TotalEnergies to purchase the hydrogen produced for the needs of its platform, Air Liquide will invest over €130 million ($135 million) in the construction and operation of a new unit … Read more
Maire Tecnimont S.p.A. has announced that its subsidiary MyRechemical has been awarded by Alia Servizi Ambientali S.p.A. a basic engineering contract for a waste-to-methanol and hydrogen plant to be located in Empoli (Tuscany), Italy. The scope of work includes the basic engineering design of the plant and the provision of necessary documentation to start the … Read more
Repsol and Navantia Seanergies, Navantia’s green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable hydrogen production in Spain. The signing took place at Navantia’s Turbine Factory in Ferrol, a center that will play a key role in this agreement. The two companies have agreed to combine knowledge and efforts … Read more
Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I. This will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up … Read more