Category: Regions

NextChem has signed a binding agreement to acquire the entire share capital of Ballestra Group, a global leader in the licensing, design and engineering of processing plants, as well as the supply of proprietary technologies and equipment for the chemical industry. Founded in 1960 and headquartered in Milan, Ballestra is the holding of a group of companies comprising BUSS ChemTech AG (Switzerland) and Ballestra Engineering and Projects Pvt. Ltd (India). It operates in over 120 countries with approximately 450 employees and offices in Europe and Asia. NextChem says that the acquisition will bring intellectual property, advanced proprietary technologies and distinctive engineering competences to its value proposition in specialty chemicals, including fluorine derivatives for lithium-ion batteries and for the metals and mining industries. This acquisition will also create cross-selling opportunities with Tecnimont, Maire Group’s integrated engineering and construction services business unit, in relation to energy transition and material transformation projects. The enterprise value is €108.3 million, resulting in a purchase price of approximately €126.5 million, subject to adjustments at closing, which is expected in the first half of 2026.

Clariant says that it closed the divestment of its legal entity (Clariant Venezuela S.A.) in Venezuela for $1.8 million to CMV Química CA, Venezuela as part of its ongoing footprint optimisation. In 2024, Clariant’s operations in Venezuela generated sales of around $3.8 million and employed around 60 people.

Deepak Nitrite Ltd says that its wholly-owned subsidiary, Deepak Chem Tech Ltd, has begun production at its new nitric acid plant in Nandesari, Vadodara district, Gujarat. The 70,000 t/a plant has been completed at a reported investment cost of $57 million. According to the company’s filing, the new plant will allow Deepak to “reestablish supply security for key intermediates, support greater resilience across the group’s chemical value chain and enable deeper penetration into high-value applications”.

Prime Minister Narendra Modi laid a foundation stone for a new ammonia-urea plant at Namrup in Assam on December 21st. The plant, to be constructed by the Assam Valley Fertiliser and Chemical Company Ltd (AVFCCL), will have a urea production capacity of 1.27 million t/a, and the project is scheduled for commissioning in 2030.

Dangote Fertilizer, Africa’s leading fertilizer producer, has awarded contracts to several major companies for the provision of licenses and technical expertise for the development of two new planned ammonia-urea complexes, one in Nigeria and the other in Ethiopia, as well as the provision of basic engineering and design services for the related plants.

The African Development Bank has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10 billion, and with the potential to position Namibia as a pioneer in the global green hydrogen economy. The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), will support frontend engineering design (FEED) studies for solar and wind generation, battery energy storage systems, and electrolyser capacity and desalination infrastructure, aiming to de-risk the project and attract the financing required for its realisation.

Barents Blue AS has announced Proton Ventures as a new partner in the Barents Clean Ammonia Project (project formerly known as the Barents Blue project). Barents Blue says that the Dutch engineering and project development company, a pioneer in the clean ammonia industry, “will bring significant resources and industry expertise to the project and the value chain for clean ammonia, important for the realisation of Europe’s largest clean ammonia production plant located in Finnmark, Northern Norway”.

Uralchem JSC and three Indian fertiliser companies; Rashtriya Chemicals and Fertilizers Ltd (RCF), National Fertilizers Ltd (NFL), and Indian Potash Ltd (IPL) have signed a memorandum of understanding to set up a joint venture to construct a urea plant in Russia. The signing ceremony was held in New Delhi in December during a state visit by Russian president Vladimir Putin to India.

Mitsubishi Heavy Industries says that it has succeeded in producing 99% pure hydrogen by cracking ammonia using steam as the heating source. The production of hydrogen at pilot scale using the steam heating was conducted at the company’s pilot plant in the Nagasaki District Research & Innovation Centre, marking a world first. By contrast to technologies that use heat from burner combustion, MHI’s steam heating system operates at lower reaction temperatures, reducing operating costs. In addition, because a combustion furnace is not required, the system offers excellent features such as the potential for miniaturisation.

Oman’s Ministry of Transport, Communications and Information Technology has signed a memorandum of understanding with a consortium comprising HIF EMEA GmbH, Acciona Nordex Green Hydrogen and Al Meera Investments to jointly explore the development of a low carbon methanol supply and bunkering hub at Dhofar in Oman. This strategic collaboration aligns with Oman’s Vision 2040 strategy, supporting national decarbonisation targets and positioning Oman as a pre-eminent green maritime and bunkering hub in the Middle East.