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Eneos to acquire TPC Group for $1.28 billion
PRIVATEAug 08, 2026•1 day ago
Acquiring Company
ENEOS
Acquired Company
TPC Group
QueenslandHoustonEnergyOil And GasBiomass EnergyManufacturingOil And Gas
Description
Eneos will acquire TPC Group in a $1.28 billion deal to strengthen its presence in the U.S. petrochemical market. The acquisition is aimed at leveraging TPC's operations and addressing its past financial struggles. The sale is expected to close by August 7, 2026, allowing both companies to integrate operations effectively. This move may impact supply chains in the chemicals industry as ownership changes hands.
Company Information
Company
ENEOS
Location
Queensland, Australia
About
ENEOS is Japan’s largest oil company, which is significantly increasing its production of green hydrogen using its own technology in Queensland.
Queensland
HoustonEnergyOil And GasBiomass EnergyManufacturingOil And Gas