Corteva Inc. (Indianapolis, Ind.) and bp plc (London) announced the launch of Etlas, their new 50:50 joint venture (JV) that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like…
Technip Energies (Paris, France; www.ten.com) has been awarded two large [1] contracts by Bharat Petroleum Corporation Limited (BPCL; Mumbai, India; www.bharatpetroleum.in) for key projects at its Bina refinery in Madhya Pradesh and Mumbai refinery in Maharashtra, India. The first contract…
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.…
Syensqo S.A. (Brussels, Belgium) and Axens (Rueil-Malmaison, France) announced the launch of Argylium, a new company dedicated to developing and scaling-up commercial demonstration of advanced materials for solid-state batteries in Europe. This collaboration represents an important step toward strengthening Europe’s…
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…