Ecovyst

Ecovyst Inc. has sold its Advanced Materials & Catalysts segment to Technip Energies for approximately $530 million. This move significantly reduces Ecovyst’s debt and enhances its financial flexibility, allowing a sharper focus on its core Ecoservices business. Technip Energies gains a leader in catalysts and advanced materials, complementing its engineering and technology offerings to create a more comprehensive solution for clients in the energy and chemical industries.

Ecovyst Inc. will sell its Advanced Materials & Catalysts segment to Technip Energies for $556 million, valuing the segment at 9.8x its 2024 adjusted EBITDA. The sale, expected to close in Q1 2026, allows Ecovyst to focus on its Ecoservices division, expecting net proceeds of ~$530 million for debt repayment and strategic growth. Technip Energies views the acquisition as accretive, enhancing its catalyst technology and enabling expansion in sustainable chemistry and biofuels. Both companies anticipate long-term value creation from the transaction.