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Bondalti in €329M takeover bid for Ercros
Portuguese industrial conglomerate Bondalti has initiated a bold move in the chemical industry, announcing a takeover bid valued at 329 million euros ($357 million) for the entire shareholding of Ercros, a Barcelona-based chemical company. The offer, exclusively in cash, stands at 3.6 euros per share of Ercros, marking a substantial premium of 40.6% over the…
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Coal India and BHEL Partner for Ammonium Nitrate Project
In a significant development within the chemical industry, two leading Indian state (Maharatna CPSE) entities, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL), have formally solidified their collaboration through the signing of a joint venture agreement (JVA) on 28th February 2024 in Delhi. The agreement aims to establish an ammonium nitrate plant utilizing…
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Orica to acquire mining chemicals company Cyanco for $640m
Orica, an Australian chemicals company, has agreed to fully acquire Cyanco Intermediate (Cyanco) from an affiliate of Cerberus Capital Management for a total of $640m. Cyano is a US-based manufacturer and distributor of sodium cyanide, primarily serves the gold mining industries in the US, Canada, Mexico, Latin America, and Africa. The company operates production facilities…
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Lake Charles Methanol plans to build $3.2 bn plant
Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. The company plans to use advanced auto thermal gas reforming technology and employ carbon capture and secure geologic storage to produce low-carbon hydrogen…
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INEOS Inovyn launches Ultra Low Carbon Chlor-Alkali range
INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites. The first production sites include Rafnes in Norway, which…
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