Category: M&A, Corporate and Financial News
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AkzoNobel and Axalta Unveil Axanzo as New Coatings Giant
AkzoNobel and Axalta unveil Axanzo, their planned $25 billion coatings giant, combining approximately 100 brands across more than 160 countries.
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Eni Sells Stakes in Indonesian Oil and Gas Projects
Eni sells stakes in Indonesian oil and gas projects to local companies, strengthening domestic ownership while maintaining its regional presence.
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Germany’s Planned Plastics Tax Faces Industry Opposition
Germany plans a €550-per-tonne tax on plastic packaging from July 2027, prompting industry warnings about costs, bureaucracy and recycling investment.
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BASF Considers Bigger Bid for Evonik
BASF considers raising its €10.3 billion offer to acquire German rival Evonik, potentially reshaping Europe’s chemical industry amid growing competition.
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African Investors Struggle to Buy Shares in Dangote’s Refinery
Dangote’s refinery seeks $1.6 billion from investors, but fragmented African financial regulations make buying shares difficult across national borders.
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Shell Buys 30% Stake in Canadian Offshore Oil Project
Shell acquires 30% of Canada’s Bay du Nord offshore oil project, targeting production of up to 175,000 barrels daily by 2031.
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Carlyle Abandons $22 Billion Lukoil Deal
US investment firm Carlyle walks away from buying Russian oil giant Lukoil’s foreign assets as American sanctions complicate the sale.
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Iraq Earns $5 Billion a Month from Oil Exports
Iraq generates up to $5 billion monthly from oil exports, maintaining strong revenues despite regional tensions and disruptions to production.
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The Most-Read Article of the Last 30 Days
BioAmber remains the most-read page on Bioplastics News over the last 30 days, years after the company’s bankruptcy.
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Thai Chemical Leaders Move Toward Mega-Merger
Thai petrochemical giants PTT GC and SCGC advance a massive joint venture, aiming to finalize the mega-merger terms by October.
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Trinseo is undergoing Chapter 11 bankruptcy restructuring
Trinseo’s Chapter 11 restructuring has hit delays as disputes between lender groups move into mediation. The plastics and specialty materials producer filed for bankruptcy protection in May, aiming to eliminate about $2 billion of debt and cut annual interest costs by roughly $140 million. A Texas bankruptcy court appointed mediator Robert D. Drain on September…
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Restructuring at Aramco
Aramco weighs a major gas restructuring and possible Arlanxeo sale as it reshapes its energy, chemicals and downstream portfolio.
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Evonik rejects BASF offer
BASF approaches Evonik with a €10.3 billion takeover offer, but the German chemicals group rejects the proposal as too low.
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TotalEnergies Board Backs CEO for Another Mandate
TotalEnergies’ board backs Patrick Pouyanné for another mandate as Les Echos highlights five achievements that shaped his leadership.
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BASF Should Buy Evonik: Europe Needs a Chemical Champion
BASF confirms exploratory talks regarding potential takeover of Evonik
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Inside Eni’s Offshore Holdings and Fiscal Construction
Eni’s foreign holding structures raise questions about why Libyan assets flow through Dutch entities, taxation, transparency and where profits ultimately land.
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Braskem Ownership Changes Hands
Braskem’s ownership is changing as IG4 takes over Novonor’s stake, while Petrobras remains a major shareholder amid financial pressure.
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BASF Starts Breaking Itself Up
BASF prepares an Agricultural Solutions IPO as restructuring accelerates, potentially reshaping one of Europe’s biggest and most important chemical groups.
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SABIC Decides European Petrochemicals Aren’t Worth It Anymore
SABIC is selling its European petrochemicals business as weak demand, high costs and global competition pressure the region’s downstream industry.
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Braskem’s Debt Crisis Deepens
Braskem’s debt restructuring depends on securing enough creditor support, leaving the Brazilian plastics giant facing renewed financial uncertainty.
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TotalEnergies Takes Full Control of Plastic-to-Oil Plant
TotalEnergies takes full control of Grandpuits plastic pyrolysis, converting difficult waste into synthetic oil for producing new plastics.
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Canada Gets a New Oil Giant
Tamarack Valley and Headwater are merging in a C$10 billion deal, creating a major new Canadian crude oil producer.
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Chemical Recycling Crisis Deepens in Europe
Chemical recycling projects across Europe face closures, delays and investment pauses as weak economics and regulatory uncertainty challenge industry ambitions.
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Anellotech Goes Bankrupt: Another Advanced Recycling Dream Collapses
Anellotech is liquidating after nearly two decades developing technologies to convert biomass and plastic waste into petrochemical feedstocks. The US company had promoted its Plas-TCat process as a route to BTX aromatics, ethylene and propylene from mixed plastic waste. Its collapse raises fresh questions about the economics, scalability and commercial viability of advanced recycling technologies.…
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War Hits Arab Petrochemical Giants
Middle Eastern petrochemical producers took a direct hit from the regional war. Saudi Arabia’s SABIC saw operating income fall 27%, while UAE-based Borouge reported a 27% decline in net profit and 18% lower sales volumes. Saudi Kayan and Sipchem also suffered from weaker volumes and higher costs, while Yansab bucked the trend, posting its strongest…
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Japan Resonac Dumps Petrochemicals on Shareholders
Resonac separates its petrochemicals operations, handing control of Crasus to shareholders as the Japanese group shifts towards higher-value businesses.
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Plastic Giant Braskem Drowns in $11 Billion Debt
Mounting debt, cheaper imports and shrinking market share are pushing one of Latin America’s largest petrochemical producers into financial restructuring.
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Braskem Makes Money but Can’t Pay the Bills
Braskem is making money again, but a massive $10.9 billion debt burden shows why profits alone cannot fix the petrochemical giant’s financial troubles.
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Shell to sell European Chemicals Business
Shell considers selling its European and US chemical assets as weak margins, high costs and declining competitiveness reshape the future of its global chemicals business.
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Shell Sells European Renewables — and It Makes Perfect Sense
Shell has agreed to sell its European onshore renewables business to TotalEnergies as the British energy major continues to reshape its portfolio and concentrate capital on businesses offering stronger returns.
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Novamont Lost €70 Million in 2025
According to Eni’s 2025 Annual Report, Novamont recorded a net loss of approximately €70 million in 2025. That’s a €110 million loss in two years
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EU agricultural subsidies for Royal UAE family
Talking about misallocation of EU funding.
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Eni and Versalis — The Crescentino Bioethanol and the R&D Credit Grey Zone
The Crescentino Question: Versalis, Proesa® and the Grey Zone of Italy’s R&D Tax Credits
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The Governance Risk Inside ENI’s Versalis Strategy and the Novamont Deal
ENI, Versalis and the Governance Questions Behind the Novamont Deal
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Five Article 2446 Triggers at Versalis Raise Questions About ENI’s Disclosure Practices
Five Article 2446 Triggers at Versalis Raise Questions About ENI’s Disclosure Practices
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Why Is ENI Receiving Major EU Financing Amid Legal and Antitrust Scrutiny? (Updated)
The €1.2 Billion Question: Why Is ENI Receiving Major EU Financing Amid Legal and Antitrust Scrutiny?
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The Novamont Takeover: How Losses, Litigation and Strategic Control Ended in Eni’s Hands
The Novamont Takeover: How Losses, Litigation and Strategic Control Ended in Eni’s Hands
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The Fall of Versalis? How €7 Billion in Losses Came Before a €2 Billion Rescue
Eni says Europe’s chemicals sector is in “structural and irreversible decline.” Investors now face a fresh €2 billion turnaround gamble.
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European Economic and Social Committee in the middle of corruption scandal
The secretary general has been accused of misappropriating public funds and channeling contracts to her friends and family.
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Public Money for Big Oil? Questions Sent to the EIB About Its Financing of ENI
Public Money for Big Oil? Questions Sent to the European Investment Bank About Its Financing of ENI
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EU is losing the global competition by betting on Bio-economy
Here’s a summary of global competition based on McKinsey insights.
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Vioneo Bioplastics says no to EU hundred millions subsidy
Vioneo would rather be sent to the moon than having to deal with communist European Commission 😂
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Response to attacks against Carbios and its executives
Clermont-Ferrand (France), March 4, 2026 (8:45 a.m. CET). Carbios (Euronext Growth Paris : ALCRB) denounces the destabilization operation to which it has been subjected for several months and formally contests all allegations made against the Company and its executives in proceedings initiated by its former executive. In response to the attempts by this former executive to…
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ENI is best performer on the Italian Stock Exchange
ENI had a super good year on the stock exchange. ENI’s share were one of the best in the European energy sector. And ENI is involved in great deals. It’s an excellent year for ENI.
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Sealed Air to be Acquired by CD&R for $10.3 Billion
https://www.prnewswire.com/news-releases/sealed-air-to-be-acquired-by-cdr-for-10-3-billion-302617038.html
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Agilyx investment transaction in GreenDot completed
https://www.agilyx.com/agilyx-investment-transaction-in-greendot-completed
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Honeywell Completes Spin-Off of Solstice Advanced Materials
https://www.honeywell.com/us/en/press/2025/10/honeywell-completes-spin-off-of-solstice-advanced-materials
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Erg Bio Raises $6.5M to Enable a Bioeconomy Built on Non-Food, Widely Available Biomass
https://www.synbiobeta.com/read/erg-bio-6-5-million-seed-for-aviation-fuels
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Dynamics of European Financial Markets explained (Video)
The financial markets were made so complex to make sure nobody understands how they really work and to enable the middle man (banker) to thrive on this complexity. This article will be deleted in 24 h. The video lasts 3 minutes.
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How China bought French Vencorex?
What happened with Vencorex? What about Covestro AG? Summary What happened to the Vencorex patents? The French government allowed all Vencorex patents to be sold for one symbolic euro. Relationship Between Wanhua and BorsodChem Ownership History Operational Integration Strategic Role in the Vencorex Deal Instagram View this post on Instagram A post shared by Visible…
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Neste to receive EU Innovation Fund support for developing a new co-processing technology
https://www.neste.com/news/neste-to-receive-eu-innovation-fund-support-for-developing-a-new-co-processing-technology
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ENI merges Novamont with Matricia
Sometimes I wonder if Matricia was a project created to obtain millions in EU funding. Follow the money. Who benefited from the crime? Who was the final beneficiary of this project?
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ADNOC Nears EU Approval for €14.7B Covestro Takeover
EU chemical industry is falling apart. Europe will soon have no chemical industrial assets. The EU should block this decision. The European Commission has no industrial policy
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Aduro reports decline in sales for first quarter 2026
https://www.wastetodaymagazine.com/news/aduro-reports-decline-in-sales-for-first-quarter-2026
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Agilyx investment transaction in GreenDot completed
https://www.prnewswire.com/news-releases/agilyx-investment-transaction-in-greendot-completed-302586321.html
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A fiscal incentive program to produce sustainable aviation fuel from used cooking oil in Indonesia
A fiscal incentive program to produce sustainable aviation fuel from used cooking oil in Indonesia
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BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company
https://www.basf.com/global/en/media/news-releases/2025/10/p-25-203?WT.mc_id=P_203e
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Shell abandons biofuel project in Rotterdam
https://www.hydrocarbonprocessing.com/news/2025/10/update-shell-to-take-600-mm-hit-from-scrapped-rotterdam-biofuels-project
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BASF presents progress on “Winning Ways” strategy
https://www.basf.com/global/en/media/news-releases/2025/10/p-25-196?WT.mc_id=P_196e
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NEXE Innovations Reports Q4 and Fiscal 2025 Results
https://fox5sandiego.com/business/press-releases/globenewswire/9537167/nexe-innovations-reports-q4-and-fiscal-2025-results-expands-partnerships-delivers-repeat-orders-and-maintains-strong-financial-position
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Solvay is shutting down EU facilities in response to weak demand and high energy costs
European citizens wanted to move forward after the covid crisis, but Ursula von der Frankestein (EU Commission) had other plans. She wanted to fed us with net zero bullshit, green deal dogma and the Russia/ Ukrainian war. The EU council is complicit as they have allowed Frankestein to get a second mandate. Europe has a…
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Solvay / Syensqo CEO Kadri fired
DISCLAIMER: First of all, I apologise for the tone of voice and vocabulary I’ll be using to describe the “legacy” of Kadri, CEO of Solvay / Syensqo. Short history and summary Solvay is a Belgian chemical company that used to be one of the biggest player around. Remember this picture with chemistry celebrities … that…
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Advocates push bill to shift packaging waste costs to producers to reduce plastics & trash
https://www.waer.org/news/2025-09-22/advocates-push-bill-to-shift-packaging-waste-costs-to-producers-to-reduce-plastics-trash
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Minderoo Foundation invests €5 million to accelerate ocean innovation and impact
https://www.minderoo.org/media/minderoo-foundation-invests-5-million-to-accelerate-ocean-innovation-and-impact
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CBE JU call closes with 248 project proposals submitted
https://www.cbe.europa.eu/news/cbe-ju-call-closes-248-project-proposals-submitted
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Portugal to invest €30 million to strengthen recycling and waste recovery
Translated by Google Translate Notice of the Environmental Fund, financed by the PRR and framed within REPowerEU, supports the installation of sorting lines, composting plants, electric vehicles and wastewater treatment systems, with a participation rate of up to 100% and completion by December 31, 2025. Boosting the circular economy and carbon neutrality: investment promotes waste…
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Indika Energy establishes new subsidiary in bio-based chemical industry
https://indonesiabusinesspost.com/5171/corporate-affairs/indika-energy-establishes-new-subsidiary-in-bio-based-chemical-industry
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Bioweg raises EUR16 million to drive sustainable alternatives to microplastics
https://www.premiumbeautynews.com/en/bioweg-raises-eur16-million-to,26329
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Cascade Bio Secures $6M to Scale Breakthrough Biocatalysts
https://lasvegassun.com/news/2025/sep/09/cascade-bio-secures-6m-to-scale-breakthrough-bioca
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Xampla secures USD14 million new investment
https://www.premiumbeautynews.com/en/plastic-alternatives-xampla,26259#
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ENI launched a new company to manage its oilfield chemicals business
ENI is preparing to get rid of Versalis by peeling off profitable assets
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One World Products Expands Eco Bio Plastics Division
https://finance.yahoo.com/news/isiah-thomas-one-world-products-142041614.html
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Policy shifts drive investment in fresh packaging solutions
https://www.pressreader.com/vietnam/vietnam-investment-review-9bbd/20250825/281706915785795
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Netherlands offers subsidies to switch to recycled, bio content
https://www.sustainableplastics.com/news/netherlands-offers-subsidies-switch-recycled-bio-content
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Eden Materials turns farm waste into affordable bioplastics to disrupt $700B plastics market
https://www.calcalistech.com/ctechnews/article/05y3u03jx
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One World Products Acquires Eco Bio Plastics, Advancing U.S. Manufacturing and Sustainable Packaging Innovation
https://www.newmediawire.com/news/one-world-products-acquires-eco-bio-plastics-advancing-u-s-manufacturing-and-sustainable-packaging-innovation-7081311
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One World Products buys Eco Bio Plastics
https://ecoplasticsinpackaging.com/mergers-acquisitions/one-world-products-buys-eco-bio-plastics
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Cellugy secures €8,1M to eradicate microplastics in personal care products with biobased alternative (FREE)
Read Cellugy secures €8,1M to eradicate microplastics in personal care products with biobased alternative
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EBRD mulls 40 mln euro loan to MKG Agrinvestment for ethanol plant in Serbia (FREE)
Read EBRD mulls 40 mln euro loan to MKG Agrinvestment for ethanol plant in Serbia
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New Iridium Raises $2.65M in Seed Funding to Accelerate Sustainable Chemical Platform (FREE)
Read New Iridium Raises $2.65M in Seed Funding to Accelerate Sustainable Chemical Platform
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Mitsubishi Heavy Industries invests in Japanese startup (FREE)
Read Mitsubishi Heavy Industries places bet on Japanese clean fuels production start-up
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Teknor Apex Acquires Danimer Scientific to Further Diversify Sustainable Materials Portfolio (FREE)
Read Teknor Apex Acquires Danimer Scientific to Further Diversify Sustainable Materials Portfolio
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LyondellBasell enters into an agreement and exclusive negotiations with AEQUITA for the sale of four European Strategic Assessment assets (FREE)
Read LyondellBasell enters into an agreement and exclusive negotiations with AEQUITA for the sale of four European Strategic Assessment assets
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Agilyx Joint Venture, Plastyx Ltd, reaches 75% of 2025 goal (FREE)
Read Agilyx Joint Venture, Plastyx Ltd, reaches 75% of 2025 goal
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Ireland to invest €27m in circular economy projects (FREE)
Read Ireland to invest €27m in circular economy projects
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Neste’s NAPCON technology divestment to Lummus Technology completed (FREE)
Read Neste’s NAPCON technology divestment to Lummus Technology completed
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