Wedoany.com Report on Feb 10th, Axens recently announced the completion of its acquisition of 100% equity in Eurecat, becoming the sole owner of the company after receiving regulatory approval. This transaction aims to enhance Axens' capabilities in catalyst recycling, off-site reactivation, and metal reuse on a global scale, marking a significant step in its strategic development.

Eurecat is a company specializing in spent catalyst regeneration, repair, recycling, and off-site activation of new catalysts, while also providing services such as catalyst loading and unloading. The company's business covers the entire lifecycle of catalysts for the refining, biofuels, chemicals, and natural gas markets, with facilities in the Americas, Europe, the Middle East, and Asia.

Following the acquisition, Eurecat will continue to operate as an independent company, serving the entire catalyst market, including all operators and manufacturers. Existing commercial and technical confidentiality measures will be maintained to ensure customer continuity and neutrality. Axens plans to further develop catalyst cycling solutions, such as regeneration and recycling, based on Eurecat's expertise, to provide high-value services and reduce environmental footprint.

Quentin Debuisschert, Chairman and CEO of Axens, stated: "Through this acquisition, Axens reaffirms its commitment to catalyst recycling and sustainable management. This transaction also supports Axens' strategy in metal recycling, extending to battery-related activities." Eurecat's experience in catalyst material recycling lays the groundwork for developing recycling processes for other metal-containing materials, helping Axens achieve its circular economy goals.