Verdant Specialty Solutions, a Samyang Company, announced that it closed its acquisition of the assets of Lubrizol’s Elmendorf site, including the associated product portfolio and the on-site Research and Development laboratory. The Elmendorf acquisition significantly strengthens Verdant’s position in the…
On December 30, 2025 Saint-Gobain S.A. (Courbevoie, France) formed a joint venture (JV) with a subsidiary of Indocement Tunggal Prakarsa (a publicly traded Indonesian cement company 53% owned by Heidelberg Materials) to acquire Indocement’s mortars business in Indonesia. The JV…
Westlake Corp. (Houston) announced that it has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (collectively, ACI). Headquartered in Portugal, ACI is a global manufacturer of specialty materials, primarily serving the wire and cable sectors.…
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…
As industries navigate a rapidly changing technological landscape, the need for efficient, sustainable and forward-thinking process solutions has never been greater. From optimizing production lines to reducing emissions and maximizing energy efficiency, the challenges facing manufacturing and processing sectors today…
A first-of-its-kind demonstration unit is showcasing hydrogen liquefaction using magnetocaloric cooling, a process that demands much lower energy consumption than conventional methods used in industry. A joint venture between Magnotherm Solutions GmbH (Darmstadt, Germany; www.magnotherm.com) and Helmholtz-Zentrum Dresden-Rossendorf (HZDR; Dresden,…