Ingevity completes sale of CTO refinery and assets

Ingevity ( (NGVT) ) has provided an update.

On January 1, 2026, Ingevity amended its asset purchase agreement related to the sale of certain businesses by excluding non-lignin dispersant products sold for agricultural chemical applications from the asset package. On the same date, the buyer acquired substantially all assets and certain rights and liabilities tied to Ingevity’s industrial specialties product line—excluding specified businesses—and its North Charleston, South Carolina crude tall oil (CTO) refinery and related operations. On January 5, 2026, Ingevity announced it had completed the all-cash sale of its North Charleston CTO refinery assets and the majority of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC for $110 million at closing plus up to $19 million in contingent consideration, subject to post-closing adjustments. Management framed the divestiture as a pivotal move to simplify and streamline the portfolio, reduce earnings volatility, and strengthen margins and cash flow, while sharpening the company’s focus on higher-margin specialty applications in activated carbon and pavement technologies and retaining its Pavement Technologies business and other lignin-based dispersant products.

The most recent analyst rating on (NGVT) stock is a Hold with a $60.00 price target. To see the full list of analyst forecasts on Ingevity stock, see the NGVT Stock Forecast page.

Spark’s Take on NGVT Stock

According to Spark, TipRanks’ AI Analyst, NGVT is a Neutral.

Ingevity’s overall stock score reflects significant financial challenges, with declining revenue and high leverage being major concerns. However, positive technical indicators and strategic initiatives, such as divestitures and debt reduction, provide some optimism. The company’s valuation remains unattractive due to negative earnings, but recent corporate actions and leadership changes could support future growth.

To see Spark’s full report on NGVT stock, click here.

More about Ingevity

Ingevity Corporation is a specialty materials and chemicals company that develops and manufactures products and technologies designed to purify, protect and enhance the environment. Operating across three segments—Performance Materials (activated carbon), Advanced Polymer Technologies (caprolactone polymers), and Performance Chemicals (specialty chemicals and pavement technologies)—its solutions serve applications such as adhesives, agrochemicals, asphalt paving, biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity runs 24 locations globally and employs around 1,500 people, with its shares listed on the New York Stock Exchange under the symbol NGVT.

Average Trading Volume: 282,969

Technical Sentiment Signal: Buy

Current Market Cap: $2.16B

For an in-depth examination of NGVT stock, go to TipRanks’ Overview page.