Borealis Group (Vienna, Austria) and YILDIRIM Group’s YILFERT Holding signed a binding agreement for the acquisition of Borealis’ shares in fertilizer business Rosier SA. The offer values the business (enterprise value) at €35 million, resulting in a valuation of roughly…
Saint-Gobain (Courbevoie, France) has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022.…
The ORLEN Unipetrol Group (Prague, Czech Republic) announced it expansion into the segment of mechanical recycling by acquiring REMAQ, a leading player in the region of Central and Eastern Europe, in its group. An Italian-Czech company, REMAQ, s.r.o. was established…
Technip Energies (Paris) has reached an agreement with INEOS Acetyls as their sole supplier of early engineering services in support of the deployment and application of INEOS Acetyls CATIVA technology. This agreement continues Technip Energies long lasting involvement in supporting…
Sibur (Moscow, Russia) has launched production of polyethylene terephthalate (PET) granules using recycled feedstock. The new product, Vivilen rPET granules, contains up to 25–30% recycled polymers and will now be manufactured at POLIEF. Once the facility reaches its design capacity, each…
LyondellBasell (Rotterdam, the Netherlands) announced that Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN) will be using the LyondellBasell Lupotech T high-pressure polyethylene technology. The Lupotech T process technology will be used for a 250,000 metric tons per year (m.t./yr) low-density…
Thyssenkrupp Uhde (Dortmund, Germany) has won an order from Nippon Coke & Engineering Co., Ltd. (NCE; Tokyo, Japan) to build and supply a new low-emission, top-charge coke oven battery in Japan. The new battery will be installed at the Kitakyushu…
Global Bioenergies (Evry, France) announced the end of the REWOFUEL project, which ran from 1 June 2018 to 30 June 2022. This project brought together several European industry leaders, including Repsol, Sekab and Fibenol, with the objective of demonstrating the…
Arkema (Colombes, France), together with a consortium of companies, is exploring and advancing the recyclability of post-consumer PET (from bottles and other plastic items) to regain monomers for reuse as raw materials for more sustainable polyester powder resins for the…
Earlier this year, Neste Corp. (Espoo, Finland) and Marathon Petroleum Corp. (Findlay, Ohio) announced an agreement to establish a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California (the Martinez Renewable Fuels…