TPC Group to Be Acquired by ENEOS Holdings

ENEOS Holdings has agreed to acquire TPC Group, North America's largest independent C4 hydrocarbon processor, in a deal expected to strengthen ENEOS's position in the petrochemical C4 value chain and expand its U.S. operations. The acquisition includes TPC Group's Houston petrochemical operations and terminal facilities in Port Neches and Lake Charles. Regulatory approvals are expected by October 2026, with no planned changes to day-to-day operations prior to closing.