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…
Several 2025 year-end reports and data releases paint a nuanced picture of the global chemical process industries (CPI) as we head into 2026. The complex picture reflects the diversity of industry sectors comprising the CPI, and the wide range of…
Editor’s note: The following is a question-and-answer conversation between Chemical Engineering magazine senior editor Scott Jenkins and Sean Carpenter, solutions analyst at Lightning Eliminators & Consultants, Inc. (LEC), a leading provider of lightning protection solutions. Chemical Engineering’s questions appear below…
Tata Chemicals Ltd. (TCL; Mumbai, India) announced that Tata Chemicals International Pte. Limited (TCIPL) a 100% subsidiary of TCL, has signed a Share Purchase Agreement (SPA) to acquire 100% equity shares of Novabay Pte. Limited (Novabay) manufacturer of premium grade…
Cable manufacturer Prysmian S.p.A. (Milan, Italy) and Versalis S.p.A., Eni’s chemical company, have signed a strategic partnership to give new life to plastic cable scrap, through an innovative chemical recycling process, developing a dedicated supply chain. Following this agreement, Prysmian…
Borealis Group (Vienna, Austria) announced a strategic partnership with chemical-recycling technology company BlueAlp (Eindhoven, the Netherlands). The partnership will see Borealis transfer its majority share in Renasci, a chemical recycling company based in Ostend, Belgium, to BlueAlp, while acquiring a…
IFQ Logger 2 is a next-generation portable converter and data logger engineered for demanding wastewater and environmental monitoring applications. The new device is built for high performance across a wide range of field conditions and integrates with this company's existing…
Plug Power Inc. (Latham, N.Y.) announced it has successfully installed a 5MW GenEco electrolyzer system for Cleanergy Solutions Namibia’s groundbreaking green hydrogen project. The Walvis Bay project plant, which officially opened in September, represents Africa’s first fully integrated commercial green…
KBR, Inc. (Houston) announced that it has been awarded a contract for its PureMSM green methanol technology by Fikrat Al-Tadweer for a pioneering biomethanol plant in Saudi Arabia for transforming landfill-gas into clean fuels. KBR’s PureM solution is designed for…
ORLEN S.A. (Płock, Poland) has signed an agreement with Synthos S.A. (Oswiecim, Poland) to acquire full ownership of S54, the company developing a new butadiene extraction unit. Once completed, the unit will become an integral part of ORLEN’s Production Plant…