Syensqo S.A. (Brussels, Belgium) and Axens (Rueil-Malmaison, France) announced the launch of Argylium, a new company dedicated to developing and scaling-up commercial demonstration of advanced materials for solid-state batteries in Europe. This collaboration represents an important step toward strengthening Europe’s…
Samsung E&A (Seoul, South Korea) announced that it held a groundbreaking ceremony for its Wabash Low-Carbon Ammonia Project on the 5th January. Held at the Hay Adams Hotel in Washington, D.C., the ceremony was attended by approximately 70 project and…
Syensqo S.A. (Brussels, Belgium) announced that it has completed the previously announced divestment of its Oil & Gas business unit to SNF Group (Andrézieux-Bouthéon, France) for an Enterprise Value of €135 million. Syensqo’s Oil & Gas Business Unit, a global…
Metso Corp. (Espoo, Finland) has successfully completed the divestment of its Ferrous business to SMS group, a global company providing technology and services in plant construction and mechanical engineering for the metals industry. The businesses divested include, for example, the travelling grate…
Phillips 66 Ltd. (Houston) has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving…
Technip Energies (Paris) announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc. (Malvern, Pa.) , a global leader in specialty catalysts and advanced materials. This strategic transaction expands Technip Energies’ portfolio by…
Moeve (Madrid, Spain) has signed a strategic agreement with Pretium Renovables to promote the development of renewable biomethane in Spain. The energy company has invested in this company, which specializes in developing biomethane projects, as a strategic partner to promote…
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…