Linde to Build World’s Largest Green Hydrogen Plant in Germany

Linde will build, own and operate the world’s largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany. The new 24-megawatt electrolyzer will produce green hydrogen to supply Linde’s industrial customers through the company’s existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial … Read more

Celanese to Build Liquid Crystal Polymer Plant in China

Celanese Corporation announced its intent to build a world-scale, multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value Vectra and Zenite LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield locations to place its new LCP facility. “5G, ‘Internet of Things’ … Read more

India to Renew Antidumping Duty on PA imports from Russia, Removes Japan

India’s Directorate General of Trade Remedies (DTGR) has recommended continuation of antidumping duties on phthalic anhydride imported from Russia, for another five years, as it noted that its removal may hurt the domestic industry. But, in case of Japan, it has suggested that the anti-dumping duties may be withdrawn as it was unlikely to cause … Read more

Shell to Acquire Stake in Enerkem’s Renewable Chemicals and Biofuels Plant

Shell will take a 40% interest in a waste-to-fuels plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. The approximately C$875 million (US$686 million) commercial-scale facility will be constructed in Varennes, Québec, and will produce low-carbon fuels and renewable … Read more

Jindal Acquires Domo Chemicals’ Nylon Films Business

Jindal Films has signed an agreement for the acquisition of 100% of the shares in Italy-based nylon film specialist DOMO Films Solutions Spa (DFS) from private owned group DOMO Chemicals. DFS is one of the major European producers of nylon films (both biax-oriented BOPA and cast extruded CPA) for flexible packaging in food, pharma, medical … Read more

OpenGate Capital to Acquire Solvay’s North America, Europe Amphoteric Surfactant Business

Private equity firm OpenGate Capital is to acquire the amphoteric surfactant manufacturing business from Solvay. The acquisition is subject to the satisfaction of works council consultations and regulatory approvals. The Business is a key player in surfactants, with a focus on the production of amphoterics primarily utilised in body care, hair care, and home care … Read more

Evonik Buys Polymers Business from Durect Corporation

Evonik has closed its previously announced acquisition of the Lactel Absorbable Polymers product line from Durect Corporation on December 31, 2020. All Durect employees associated with the Lactel business in Birmingham, Ala., accepted the offer to join Evonik in similar roles, according to Essen, Germany-based Evonik. The deal closed Dec. 31, 2020. Evonik will integrate … Read more

INEOS Completes the Acquisition of BP’s Global Aromatics & Acetyls Business

INEOS completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. The deal was first announced at the end of June 2020. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business. … Read more

L&T Hydrocarbon Wins EPCC Contracts worth $1.5 Billion from HRRL, India

India’s L&T Hydrocarbon Engineering on Monday said it has won an order from HPCL Rajasthan Refinery (HRRL) worth over Rs 7,000 crore ($958 million), the biggest EPCC contract in petchem sector in India. HRRL is a joint venture between Hindustan Petroleum Corporation (HPCL) and the government of Rajasthan. The EPCC contract is for setting up … Read more

Advanced Petrochemical Signs Offtake Agreements for New PP Project

Saudi-based Advanced Petrochemical Company, a key manufacturer of polypropylene products, said its subsidiary, Advanced Global Investment Company (AGIC), has signed off-take agreements for the sale of polypropylene with US-based Vinmar International and Tricon Dry Chemicals – and Mitsubishi Corporation of Japan. As per the long-term deal, AGIC will supply 250,000 metric tonnes per annum of … Read more

India May Impose Anti-Dumping Duty on Chinese PET Resin

India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries. The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty of $15.54-200.66 per MT of the imported product for five … Read more

UPL Reduces Gross Debt by $410 Million

UPL said the company has completed the pre-payment of US$410 million of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on 28 December 2020, was done using the cash on its balance sheet, UPL said. This prepayment is in line with its commitment to reduce debt. UPL is committed towards deleveraging its balance … Read more

SIBUR, Sinopec Close JV Deal for $10-11 Billion Amur Gas Chemical Complex

SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec) have closed the deal to set up a joint venture (JV) at the Amur Gas Chemical Complex after obtaining all the necessary approvals from the regulators of both countries. SIBUR and Sinopec will hold interest in the JV in the amount of 60% and 40%, respectively. … Read more

Indian Specialty Chemicals firm Anupam Rasayan files for IPO

Anupam Rasayan, a specialty chemicals manufacturer based in Gujarat India, has filed its draft red herring prospectus with the capital market regulator of India, SEBI for  Rs 760 crore ($103.3 million) initial public offering (IPO). Anupam Rasayan intends to use the proceeds mainly for debt repayment. The company has decided to reserve a portion for … Read more

Sumitomo to Examine Combined Propane Dehydrogenation-CO2 Utilization Tech in Singapore

Sumitomo Chemical has begun exploring a possible combination of a propane dehydrogenation (PDH) technology that converts propane gas into propylene, with another technology that efficiently synthesizes methanol, using hydrogen and carbon dioxide (CO2), by-products from PDH. This initiative is under consideration in Sumitomo Chemical’s petrochemical complex in Singapore, and supported by the Singapore Economic Development … Read more

Johnson Matthey and thyssenkrupp Renew Partnership for Ammonia Tech

Johnson Matthey (JM), a global leader in sustainable technologies, and thyssenkrupp, a technology provider for world-scale ammonia plants, have signed an agreement to renew their collaboration around ammonia process and catalyst supply. The partnership was founded two decades ago and sees thyssenkrupp exclusively use JM’s world class catalysts for its uhde ammonia process built in … Read more

Solvay to Use Renewable Gas for its Cyclopentanone Unit in Melle, France

Solvay has begun a process of decarbonizing the cyclopentanone unit of its Melle plant in France. Through an agreement with an agricultural cooperative for the next fifteen years, the entire cyclopentanone production already relies solely on biomethane gas, a green source of energy. The cooperative built a facility to convert waste biomass into 18 GWh … Read more

Indian Oil Awards Contract to Marie Tecnimont for Acrylic Acid and Butyl Acrylate Units

Maire Tecnimont S.p.A has announced that its subsidiary Tecnimont SpA, through its Indian entity Tecnimont Private Limited, has been awarded an EPCC Lump Sum contract by Indian Oil Corporation Limited (IOCL). The said contract is for the implementation of new Acrylic Acid and Butyl Acrylate Units, for the production of relevant high added value products … Read more

Ineos Styrolution Breaks Ground on New China ABS Plant

Ineos Styrolution, a styrenics supplier has broken ground on its new 600,000 metric ton ABS (acrylonitrile butadiene styrene) plant located in Ningbo as part of its plan to expand into China. The development follows an earlier acquisition by Ineos of two polystyrene production sites in Ningbo and Foshan. In a news release, Ineos officials said … Read more

PPG to Acquire Finland’s Paint Producer Tikkurila for $1.35 billion

PPG Industries has entered into a definitive agreement to acquire Finland’s Tikkurila at €25 a share or for about €1.1 billion ($1.35 billion) in cash. The acquisition cost includes assumption of debt and cash, PPG said in a statement on Friday. The transaction is expected to close in the second quarter of 2021. “The combination … Read more