Prime Highlights
- Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts business, enhancing its capabilities in specialty catalysts and advanced materials.
- The deal supports Technip’s growth in sustainable fuels, circular chemistry, and carbon capture, strengthening recurring revenue and innovation opportunities.
Key Facts
- Around 330 employees from AM&C will join Technip Energies, with operations across three sites in the US and Europe.
- The acquired portfolio includes Advanced Silicas and Zeolyst International, providing expertise in silica-based materials and zeolite catalysts for hydrocracking and advanced recycling.
Background
Technip Energies has completed the acquisition of the Advanced Materials & Catalysts business from Ecovyst Inc., strengthening its capabilities in specialty catalysts and advanced materials.
The Paris-listed engineering and technology group said the deal supports its growth strategy for the Technology, Products and Services segment by boosting recurring revenue and expanding opportunities in sustainable fuels, circular chemistry and carbon capture. These areas are key to the global energy transition.
The AM&C business will continue to operate under its existing leadership team. Around 330 employees will now join Technip Energies, supported by research, manufacturing and commercial teams based at three sites in the United States and Europe.
The acquired portfolio includes Advanced Silicas, a supplier of silica-based specialty materials, and Zeolyst International, a joint venture with Shell Catalysts & Technologies. Zeolyst focuses on zeolite-based catalysts used in hydrocracking, sustainable fuels and advanced recycling.
Technip Energies said AM&C brings more than 40 years of industry experience and is expected to contribute to earnings and cash flow immediately, improving the company’s financial profile.
Chief executive Arnaud Pieton said the transaction marks a major step in the company’s evolution. He said combining advanced catalysts with Technip’s process technologies and engineering expertise will help customers improve efficiency, reliability and emissions performance across their assets.
Ecovyst chief executive Kurt Bitting said Technip Energies offers the scale and technical depth needed to expand product development and market reach for the AM&C business.
Paul Whittleston, president of AM&C, said joining Technip Energies will allow the business to scale faster, drive innovation, and deliver greater value to customers while supporting a more sustainable future.
Evercore advised Technip Energies on the deal, while Gibson Dunn provided legal support, and EY-Parthenon handled accounting and tax advice.
Technip Energies operates in 34 countries with more than 17,000 employees and focuses on LNG, hydrogen, sustainable chemistry and carbon management.
