- In September 2023, Valvoline Global Operations made a strategic equity investment in HAERTOL Chemie GmbH, a leading European manufacturer of automotive heat transfer fluids. This move aligns with Valvoline’s commitment to expanding its product offerings and enhancing global customer service. Since 2018, Valvoline and HAERTOL have collaborated through an international licensing and distribution partnership, with Valvoline distributing HAERTOL’s premium coolant, FROSTOX®HT-12, in North America and the Asia Pacific. The strengthened relationship is expected to drive innovation in automotive technologies and create value for consumers worldwide
- In May 2023, ORLEN Południe marked the successful completion of its first year of operations at its BioPG plant in Trzebinia, Poland. The facility converts glycerol, a biodiesel by-product, into renewable propylene glycol (BioPG), significantly reducing the carbon footprint compared to fossil-based alternatives. BASF supplied the BioPG technology, leveraging its H9-66 catalyst for efficient glycerol conversion, while Air Liquide Engineering & Construction provided licensing, proprietary equipment, and basic engineering services. With an annual capacity of 30,000 metric tons, the plant aims to meet 75% of Poland’s propylene glycol demand
- In February 2022, Chevron Corporation announced its agreement to acquire Renewable Energy Group (REG) in an all-cash transaction valued at USD 3.15 billion. This acquisition aimed to strengthen Chevron’s renewable fuels production and expand its feedstock capabilities. REG, a pioneer in the renewable fuels industry, brought expertise in biodiesel and sustainable fuel solutions, complementing Chevron’s existing infrastructure. The deal was expected to accelerate Chevron’s goal of reaching 100,000 barrels per day of renewable fuel production by 2030
