Praxair, Inc., a leading global supplier of carbon dioxide (CO2) and other industrial gases, has completed its acquisition of Yara International ASA’s European CO2 business. Praxair also finalized the acquisition of Yara’s remaining 34% stake in the Yara Praxair Holding AS industrial gas joint venture.
In 2015, Yara’s European CO2 business provided liquid CO2 and dry ice primarily to the food and beverage industries, generating revenue of 112 million euros. The business operates CO2 liquefaction plants and dry ice production facilities across the UK, Ireland, Scandinavia, Germany, Benelux, France and Italy. The Yara Praxair Holding AS joint venture, operating in Scandinavia, was formed in 2007.
“These transactions are consistent with our business strategy to expand our presence in resilient end-markets such as food and beverage, as well as drive growth through synergistic acquisitions,” said Steve Angel, chairman and chief executive officer of Praxair.
Neste has bought the European rights for Alterra Energy’s liquefaction technology, strengthening its chemical recycling capabilities. Alterra is a US-based company that has developed a thermochemical solution for liquefying difficult-to-recycle plastics.
Lonza appoints Maria Soler Nunez as Head, Group Operations. Maria joins Lonza from Novartis where she has led the quality organization since 2020. Maria will commence her tenure with Lonza Group on 1 August 2022, succeeding Stefan Stoffel, who is retiring from Lonza.
AkzoNobel has announced that Gregoire Poux-Guillaume will become the company’s new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.