Article

Weekly Roundup from our partner etasca with insights from ppPLUS.

1️⃣ OCI Global has completed the $1.9 billion sale of its methanol business to Methanex Corporation. The transaction also incorporates OCI’s 50% stake in the Natgasoline LLC. JV with Proman, resolving a long-standing dispute.

Methanex corporation created in ppPLUS.

2️⃣ HyOrc Corporation (clean tech company) and ACETECH METALS LTD have signed an MoU to build a waste-to-green methanol plant in the UK. The project will start with a 35 tpd Refuse derived fuel-to-methanol facility, targeting 12,000 tpa output.

3️⃣ EcoCeres has signed a multi-year agreement to supply British Airways with SAF made from biomass feedstocks such as used cooking oil. British Airways is targeting 10% SAF usage by 2030 under its BA Better World strategy and in line with the UK’s SAF mandate.

EcoCeres entity and subsidiary set up in ppPLUS.

4️⃣ Mitsui O.S.K. Lines, Ltd. has completed the acquisition of LBC Tank Terminals Group for $1.7 billion. This is MOL’s third major acquisition after MOL Nordic Tankers (2019) and Fairfield Chemical Carriers (2024).

5️⃣ Mitsubishi Chemical Group and ENEOS officially launched their new 20 000 tpy advanced recycling facility in Japan, using Mura Technology’s Hydro-PRT® chemical recycling process.

More details with subsidiaries and site-models on Mitsubishi and ENEOS in ppPLUS.

6️⃣ The UK government is stepping in to support operations at Prax Lindsey Oil Refinery after parent company state oil entered administration. The refinery, acquired by Prax Group from TotalEnergies in 2021, has reportedly lost £75 million since the takeover.

Prax Group and Refinery modelled in ppPLUS, and a detailed analysis on the developments and consequences.

7️⃣ As reported by the Financial Times, aramco and ADNOC Group are scaling back their $60bn M&A spree as oil prices fall and shareholder pressure mounts. Aramco is pausing bids like Castrol and ADNOC is rethinking its $52bn pipeline of deals including major deals, Covestro and Borouge.

Corporate details on these developments available in ppPLUS. (Companies search)

8️⃣ The U.S. House has passed Donald Trump’s “One Big Beautiful Bill,” cutting back key clean energy tax credits from the IRA. Solar, wind, EV, and home efficiency incentives now expire or require construction start by end-2027. Nuclear, geothermal, hydropower, and carbon capture credits remain intact. The clean hydrogen credit (45V) is limited to projects beginning by 2027. Battery storage incentives are not explicitly cut but may be impacted depending on project classification.