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Technip Energies to acquire Ecovyst’s Advanced Materials & Catalysts business

Technip Energies (Paris) has entered into a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. (Malvern, Pa.) for a purchase price of US$556 million, representing an EBITDA multiple of ~9.8.  This strategic transaction strengthens Technip…

Worley awarded FEED verification contract for Preem renewable-fuels project

Worley Ltd. (North Sydney, Australia)  has been awarded a contract by Preem AB (Stockholm, Sweden) for Front-End Engineering Design (FEED) verification for the planned conversion of the ICR plant at the Lysekil refinery in Sweden. The project aims to transform the…

Evonik Oxeno starts up upgraded OMP cloud-based planning platform

OMP N.V. (Antwerp, Belgium) and Evonik Oxeno announced the successful launch of a significant digital transformation milestone: the move of OMP’s Unison Planning to the cloud across Evonik Oxeno’s production sites in Marl and Antwerp. With this project going live,…

IFF inaugurates expansion at natural ingredients site in France

International Flavors & Fragrances Inc. (IFF; New York City) inaugurated its expanded LMR Naturals site in Grasse following a €10 million investment. The expansion increases the facility’s footprint by 75 percent to 4,687 square meters and includes a state-of-the-art pilot…

Global Impact Coalition launches spinoff Sustainable Olefins project

The Global Impact Coalition (GIC) announced the launch of a dedicated spin-off structure to advance its Sustainable Olefins project. Starting with a feasibility study, this marks the first step toward exploring a new methanol-based route to electro-Sustainable Aviation Fuel (e-SAF) and…

Emvolon and Freepoint Commodities announce collaboration on renewable methanol production and marketing

Emvolon Inc. (Woburn, Mass.) and Freepoint Commodities LLC (Stamford, Conn.), a leading global commodities merchant, announced their intention to enter into a long-term a strategic collaboration to accelerate the production and distribution of renewable methanol. By combining Emvolon’s proprietary technology…

ACFC to launch new lubricants facility in New Caney, Tex.

Lubricants and specialty blending company America Clean Fuel Corp. (ACFC; Houston) announced that its state-of-the-art blending facility in New Caney, Texas, will officially come online in one month. With a capacity of 1,000 barrels per day, the plant is purpose-built…

Saint-Gobain reorganizes construction chemicals activities in Germany

Saint-Gobain S.A. (Courbevoie, France) is reorganizing its construction chemicals footprint in Germany in order to accelerate growth and synergies: • Transfer of Saint-Gobain Weber GmbH dry mortars to the long-existing joint venture “Franken Maxit Mauermörtel GmbH & Co. KG” (Franken…

HIF Global to construct Tasmania e-Fuels facility at former Burnie Paper Mill site

E-Fuels company HIF Global (Houston) announced that it plans to locate the HIF Tasmania e-Fuels Facility at the former Burnie Paper Mill site in South Burnie. The move will bring new life to one of the region’s most significant industrial…

Symrise starts up new pentylene glycol plant in Granada

Symrise AG (Holzminden, Germany) announced the opening of a new production unit at its facility in Granada, Spain. The plant is dedicated to Hydrolite 5 green, the high-quality, biobased pentylene glycol from its Cosmetic Ingredients division. Symrise is providing European…