Verdant Specialty Solutions, a global specialty chemical company, announced the acquisition of Baze Chemical. Baze is an ethoxylate specialty chemical company based in Odessa, Texas, serving customers in the oil and gas production, water treatment, and mining industries. Baze was acquired from its founder, Mr. Curtis Baze. Terms of the acquisition were not disclosed. Through … Read more
Chemplast Sanmar Limited CSL), on consolidated basis, expects to register a significant increase in its Revenue for H1FY22, as compared to the same period in the previous financial year. In terms of overall volume, both CSL and its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), together saw production increase of around 30 – 35% … Read more
Epsilyte Holdings LLC, a leading provider of advanced materials has acquired StyroChem Canada, Ltd., a leading North American producer of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec, from PMC Capital Partners, LLC. Details of the transaction were not announced. Epsilyte is owned by Balmoral Funds and management. This acquisition creates one of the largest … Read more
Uzbekneftegaz JSC, the state-owned holding company of Uzbekistan’s oil and gas industry, has announced the signing of agreements with three of Europe’s leading banks to finance capacity expansion of Shurtan Gas Chemical Complex. The cooperation agreements relate to €1.1 billion of capital to finance the expansion of the Shurtan Gas Chemical Complex’s (Shurtan GCC Upgrade … Read more
Air Liquide, TotalEnergies and Lotte, are combining forces with other large international companies to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to reach 1.5 billion euros ($1.7 Billion) and has already secured initial commitments of 800 million euros ($928 million). Its objective is to … Read more
Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021. With this acquisition, Acetyls Holding and its subsidiary Company namely Yellowstone Chemicals have become subsidiaries of the Company w.e.f. 01 October … Read more
Linde India said that its board has approved the proposal for setting-up of a 250 tonnes per day (TPD) merchant air separation unit at Dahej, Gujarat, to secure growth in the gases business in Western markets and deliver cost savings. The board has approved a capital expenditure of Rs 138.6 crores ($18.7 million) towards the … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024. The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of … Read more