Environment
JM to acquire Cormetech, materially enhancing scale in clean air solutions
Under the terms of the transaction, JM will acquire Cormetech for an enterprise value of $360 MM payable in cash on completion, which represents a 10.3x acquisition multiple based on Cormetech's expected 2026 EBITDA.
India ethanol push drives big rise in land farmed to make fuel
India depends on imports for some 85% of its oil, so using more ethanol, made from crops such as sugarcane, rice and maize, is central to its plans to boost its energy security and reduce planet-heating emissions.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
