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Mutares closes $450m acquisition of SABIC engineering thermoplastics unit

The business, rebranded NexPoint Materials under a new chemicals and materials division, employs about 2,800 people and generates roughly $2.5bn in annual revenue. The post Mutares closes $450m acquisition of SABIC engineering thermoplastics unit appeared first on PE Hub .

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Germany’s Energy Demand Falls as High Prices Hit Oil Consumption

Germany’s energy demand dropped by 1.9% over the first half of the year on surging oil and gas prices, according to preliminary data released by the Working Group on Energy Balances (AGEB), an…

  • Germany's energy demand fell 1.9% in H1 due to high oil and gas prices.
  • Oil product usage dropped 8%, with diesel down 6% and gasoline 0.6%.
  • Wind and solar generation increased to 22.2% of energy consumption.

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