As part of the Company’s current slate of low capital intensity, high-return incremental growth investments, Dow announced it will retrofit proprietary fluidized catalytic dehydrogenation (FCDh) technology into one of its mixed-feed crackers in Plaquemine, Louisiana, to produce on-purpose propylene. The
Motiva to Acquire Flint Hills Port Arthur Cracker
Saudi Aramco’s US subsidiary Motiva Enterprises has agreed to buy Flint Hills Resources’ cracker and related chemical assets at Port Arthur, Texas, USA. Financial terms were not disclosed. The deal is expected to close in the fourth quarter of 2019.
Hyosung to Invest $825 M in Carbon Fiber Manufacturing Plant
South Korea’s Hyosung announced on Tuesday it will invest 1 trillion won ($829 million) by 2028 to expand its carbon fiber production capacity, vowing to raise the country’s competitiveness to lessen dependence on other countries. To achieve this, it will
Rain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany
Rain Carbon Inc., a leading global producer of carbon-based products, initiated the phased start-up of its hydrogenated hydrocarbon resins production facility in Castrop-Rauxel, Germany on Thursday. Once operational in the fourth quarter of 2019, the state-of-the-art plant will have a
Elkem ASA Acquires Silicones Producer Basel Chemie
Elkem ASA acquires Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for
Ion Exchange Inaugurates R&D Centre in Telangana, India
Ion Exchange (India) Limited, a leading water and environment management solutions provider, announces the launch of its new Research & Development Centre at Patancheru in Telangana, of Southern India. The centre will focus on the company’s Chemicals, Resins and Membranes
Domo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M
DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High-Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland.
Dow to Sell its Acetone Derivatives Business to Altivia
Dow announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to ALTIVIA Ketones & Additives, LLC, an affiliate of ALTIVIA, a privately held producer of chemicals headquartered in Houston, Texas. “This divestiture illustrates Dow’s
Saudi Aramco to Acquire 20% Stake in RIL’s O2C Jamnagar Unit
Saudi Aramco signed a letter of intent for a proposed purchase of a 20% stake in the oil-to-chemicals (O2C) business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast. Reliance values
SKC, Kuwait’s PIC form $1-billion JV in South Korea
SKC of South Korea and Petrochemical Industries Company (PIC) of Kuwait have agreed to establish a propylene chemicals joint venture worth $1.2 billion. PIC will hold a 49 percent stake worth $476.2 million in the new company whereas South Korea’s
INEOS Styrolution Breaks Ground on 100kt Bayport ASA Plant
INEOS Styrolution, the global leader in styrenics, today announces that the company hosted a groundbreaking ceremony for its new 100kt ASA (acrylonitrile styrene acrylate) plant in Bayport, Texas. The development of the new site is part of a bigger expansion
Huntsman Sells its Intermediates, Surfactants Businesses to Indorama for $2.1 B
Huntsman Corporation announced on Friday that it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion. The transaction comprises a
Air Products Awarded Contract to Supply POSCO Chemical’s Manufacturing Site
Air Products announced it has been awarded a contract by POSCO Chemical to supply on-site nitrogen to a new anode material manufacturing site being built in Sejong, South Korea. POSCO Chemical is an affiliate of POSCO Group, the largest integrated
Aramco’s Refinery and Petchems Project in India Cost Rises by 36%
India has increased the cost estimate of the planned refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant,
Grace Licenses Unipol PP Process Tech to Datong Coal Mine Group
W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its Unipol PP Process Technology to Datong Coal Mine Group Co., Ltd. The Unipol PP facility, located in Datong, China,
Vopak, Mitsubishi, Covestro, AP Ventures Invest in Hydrogen Storage Tech
Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest €17 million into Hydrogenious LOHC Technologies GmbH and its Liquid Organic Hydrogen Carrier (LOHC) technology for hydrogen logistics. With its innovative Liquid Organic Hydrogen Carrier technology, Hydrogenious LOHC Technologies was able
Marubeni Corp Partners with Japanese Firm on Plastic Recycling
Marubeni Corp., Marubeni Plax Corp. and Chubu Nihon Plastics Co., Ltd have signed a partnership agreement to jointly undertake a plastic recycling business and also work together on the ECONET PROJECT that Chubu Nihon promotes in order to establish a
Eni, ADNOC Close Partnership Agreements in Refining and Trading
Eni and ADNOC, said they closed their strategic partnership, announced in January, through which Eni acquired a 20 percent equity interest in ADNOC refining. The partners – which include Austria’s OMV – also set up a new trading joint venture.
Grillo Sells Methanesulfonic Acid from Methane Tech to BASF
Grillo has sold its IP and know-how regarding the production of MSA from methane to BASF. BASF will utilize the acquired IP and know-how within its own R&D activities on MSA. Grillo has developed a novel process and optimized it
BASF to Build Tert-Butylamine Plant at Nanjing, China
BASF SE plans to invest in a second production plant for tert-butylamine (tBA) at BASF Specialty Chemicals Co. Ltd (BSNJ) in Nanjing, China. With this expansion, BASF’s global annual production capacity of tBA will increase by more than 30%. The