OMV AG (Vienna, Austria) and Wood plc (Aberdeen, U.K.) signed a Memorandum of Understanding (MoU) to enter into a mutually exclusive collaboration agreement for the commercial licensing of OMV’s proprietary ReOil technology. The two companies aim to agree on a…
BASF SE (Ludwigshafen, Germany) is expanding its high oleic canola seed production and processing business in North America through the completed acquisition of Cargill’s Idaho Falls seed production facility. This acquisition will expand the production capacity and reliability for InVigor…
DuPont (Wilmington, Del.) completed the previously announced divestiture of the majority of its former Mobility & Materials segment (the M&M Business) to Celanese Corp. (Dallas, Tex.) for a purchase price of $11 billion in cash, subject to customary transaction adjustments…
Hexpol AB (Malmö, Sweden) has signed an agreement to acquire 100% of the shares in McCann Plastics LLC from the McCann family. The company is specialized in niche thermoplastic compounds, with special focus on roto molding applications. The acquisition is…
Itochu Corp. (Tokyo) has been selected for a sustainable aviation fuel (SAF) demonstration project by the Japanese Civil Aviation Bureau, Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The aim of the project is to demonstrate the blending of imported…
Clariant AG (Muttenz, Switzerland) has completed the acquisition of BASF’s U.S. based Attapulgite business assets for $60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility,…
JGC Corp. (Yokohama, Japan) announced that domestic EPC operating company JGC Japan Corporation (JGC Japan) has started technical development on carbon dioxide (CO2) capture applying unused cold energy from liquefied natural gas (LNG). These efforts support development and demonstration in…
Alfa Laval AB (Lund, Sweden) has signed an agreement to deliver compact heat exchangers to the world’s largest green hydrogen plant, which is to be constructed in the Middle East. The facility, powered by renewable energy, will be part of…
Baker Hughes (Houston) has backed Levidian’s world-first decarbonization technologies with a £12m investment at a £130m valuation – opening up global collaboration opportunities. The cash injection will enable the further scale up of Levidian’s business, including both LOOP, Levidian’s decarbonization…
Sandvik AB (Stockholm, Sweden) has completed the previously announced acquisition of the mining related business of Schenck Process Group (SP Mining). SP Mining is one of the market leaders in screening, feeding, screening media and train loading solutions in the…