Technip Energies has signed a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. (NYSE: ECVT) for US$556 million, a move that significantly enhances its catalyst and process technology capabilities. The transaction is expected to close in Q1 2026.
According to the company, this acquisition supports Technip Energies’ strategy to grow its Technology, Products & Services segment.
Technip Energies will acquire the full Advanced Materials & Catalysts business, including:
- Advanced Silicas – A manufacturer of specialty silica-based materials for plastics, chemicals, and industrial applications.
- Zeolyst International – A 50:50 joint venture with Shell Catalysts & Technologies, focused on custom zeolite-based catalysts used in hydrocracking, sustainable fuels, and advanced recycling.
Together, these businesses generated US$223 million in revenue in 2024. The acquisition includes three manufacturing facilities in the US and Europe and a team of 330 employees.
The acquisition expands Technip Energies’ catalyst value chain by establishing a scalable platform built on high-value silicas and zeolites, which supports its proprietary process technologies. It also strengthens Technip Energies’ presence in established markets such as polyethylene and hydrocracking, while opening new growth opportunities in sustainable aviation fuel, biocatalysis, and plastics recycling. On the research and development side, the deal adds experience and expertise in catalyst design and materials science, complementing Technip Energies’ existing process technology laboratories.
