Section: Industry News

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.

NEXTCHEM has signed a binding agreement to acquire Ballestra Group for around €126.5 million. The announcement was made by Maire – Nextchem’s parent company – on 24th December.

Prayon has officially opened a new sodium hexametaphosphate (SHMP) production unit at its Engis complex in Belgium. The €30 million investment is designed to strengthen the company’s position in the food and technical phosphates market.

The Mosaic Company has sold its Mosaic Potash Carlsbad business in New Mexico to newly-formed company International Minerals Carlsbad for $30 million.

Trade body Fertilizers Europe says the EU’s new carbon border adjustment mechanism (CBAM) package “will significantly weaken the mechanism and prevent it from delivering on its promises”.

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.