French Technip Energies has entered into a definitive agreement with American Ecovyst Inc. to acquire the Advanced Materials&Catalysts business for $556 million in order to expand its portfolio of catalytic technologies. This is reported in a Technip press release.
The deal includes the Advanced Silicas segment&Zeolyst International, a joint venture with Shell Catalysts&Technologies. The company operates three production facilities in the USA and Europe.
As part of the deal, Technip Energies expects to strengthen its position in the traditional polyethylene and hydrocracking markets, while simultaneously developing the production of environmentally friendly fuels, biocatalysis and deep waste recycling in order to accelerate innovation.
The transaction is expected to be completed in the first quarter of 2026, subject to regulatory approval.
Ecovyst is a company producing catalysts for the mining industry, vehicle manufacturing, and agriculture. The headquarters is located in Malvern, Pennsylvania.
Technip Energies is an international engineering and construction company for the design and construction of facilities for LNG, hydrogen and biodiesel, oil refineries and petrochemical plants. The headquarters is located in Nanterre (France).
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