The Mosaic Co. (Tampa, Fla.) announced that it has signed a definitive agreement to sell Mosaic Potash Carlsbad, Inc., including the operations, assets and liabilities of the Mosaic mine in Carlsbad, New Mexico to International Minerals Carlsbad, LLC for $30…
MAIRE S.p.A. (Milan) announced that NEXTCHEM has signed a binding agreement to acquire the entire share capital of Ballestra Group, a global leader in the licensing, design and engineering of processing plants, as well as the supply of proprietary technologies…
Bp plc (London) has reached an agreement to sell a 65% shareholding in lubricants business Castrol to Stonepeak, at an enterprise value of $10.1 billion. This represents an implied EV / LTM EBITDA of around 8.6x reflecting the strength of…
Tata Chemicals Ltd. (TCL; Mumbai, India) announced that Tata Chemicals International Pte. Limited (TCIPL) a 100% subsidiary of TCL, has signed a Share Purchase Agreement (SPA) to acquire 100% equity shares of Novabay Pte. Limited (Novabay) manufacturer of premium grade…
Cable manufacturer Prysmian S.p.A. (Milan, Italy) and Versalis S.p.A., Eni’s chemical company, have signed a strategic partnership to give new life to plastic cable scrap, through an innovative chemical recycling process, developing a dedicated supply chain. Following this agreement, Prysmian…
Borealis Group (Vienna, Austria) announced a strategic partnership with chemical-recycling technology company BlueAlp (Eindhoven, the Netherlands). The partnership will see Borealis transfer its majority share in Renasci, a chemical recycling company based in Ostend, Belgium, to BlueAlp, while acquiring a…
Plug Power Inc. (Latham, N.Y.) announced it has successfully installed a 5MW GenEco electrolyzer system for Cleanergy Solutions Namibia’s groundbreaking green hydrogen project. The Walvis Bay project plant, which officially opened in September, represents Africa’s first fully integrated commercial green…
KBR, Inc. (Houston) announced that it has been awarded a contract for its PureMSM green methanol technology by Fikrat Al-Tadweer for a pioneering biomethanol plant in Saudi Arabia for transforming landfill-gas into clean fuels. KBR’s PureM solution is designed for…
ORLEN S.A. (Płock, Poland) has signed an agreement with Synthos S.A. (Oswiecim, Poland) to acquire full ownership of S54, the company developing a new butadiene extraction unit. Once completed, the unit will become an integral part of ORLEN’s Production Plant…
Clariant AG (Muttenz, Switzerland) announced that it signed and closed the divestment of its legal entity (Clariant Venezuela S.A.) in Venezuela for around $1.8 million (CHF ~ 1.4 million) to CMV Química, C.A., Venezuela as part of the ongoing footprint…