Versalis Takes Control of Novamont
Versalis is taking full control of renewables specialist Novamont by acquiring the 64% stake held by joint venture partner Mater-Bi, which is held by equity funds Investitori Associati II and NB Renaissance.
renewable
BioBTX and Agilyx Collaborate on Renewable Aromatics
Agilyx ASA to explore the scale-up of the former’s integrated cascading catalytic pyrolysis (ICCP) process in a commercial demonstration plant.
Maire Tecnimont and Dimeta Explore DME from Waste
NextChem and its subsidiary MyRechemical – both part of Italy’s Maire Tecnimont group – and Dutch company Dimeta have agreed to jointly explore new opportunities to develop plants for producing renewable and recycled carbon dimethyl ether (DME) from waste.
TotalEnergies Sells Half of Renewable Projects Portfolio
TotalEnergies is selling half of its portfolio of renewable projects to French insurance specialist Crédit Agricole Assurances. The transaction, which implies an enterprise value of $300 million, includes 23 solar power plants and six wind farms, of which 25 are already operational and four are due to be commissioned in the first half of this year.
Inovyn Secures “Green” Power for Norway
Inovyn, PVC-producing subsidiary of Ineos, has inked two long-term power supply deals with Norway’s Statkraft, which claims to be Europe’s largest renewables producer. From May, Inovyn will draw 100 MW of exclusively renewable energy from Statkraft for an annual renewable energy production of 876 GWh per year and an additional 30 MW (263 GWh) from 2026.
Arkema Ups Expansion Plans for Pebax Elastomers
Arkema has boosted its previously announced expansion plans for Pebax elastomer at its Serquigny site in France. The company will now increase capacity by 40% rather than the 25% it announced in January this year.
Shell to Build Europe’s Largest Renewable Hydrogen Plant
Shell is going ahead with plans to bring Europe’s largest renewable hydrogen plant on stream by 2025.
Neste, Covestro and SK Geo Centric Partner on PU Feedstock
A collaboration between Neste, Covestro and SK Geo Centric aims to use renewable raw materials to produce MDI – a key feedstock for polyurethane production.
