kemicalinfo Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Egypt with a capacity of … Read more
Specialty chemicals company Evonik has begun work to expand its POLYVEST® HT plant in Marl, Germany. The Coating & Adhesive Resins business line expects the additional production capacity for its hydroxyl-terminated polybutadienes (HTPB) – marketed under the brand name POLYVEST® – to be ready as early as the second quarter of 2024 following the double-digit … Read more
OCI Global, a leading global producer and distributor of hydrogen products announced that it has reached an agreement for the sale of 100% of its indirect interest in its large-scale US greenfield nitrogen fertilizer facility Iowa Fertilizer Company LLC, located in Wever, Iowa, USA to Koch Ag & Energy Solutions for a total consideration of … Read more
Abu Dhabi National Oil Company P.J.S.C. (ADNOC) and OCI Global, announced that they have entered into a sale and purchase agreement for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc. Fertiglobe is listed on the Abu Dhabi Securities Exchange and is the world’s largest seaborne exporter of urea and ammonia … Read more
Specialty chemicals company LANXESS has completed the expansion of its production capacity for sustainable light-color sulfur carriers by several kilotons. The project, with an investment volume in the double-digit millions, was completed at the Mannheim site in around two years as planned. The additional volumes will be available from 2024. “Sustainability is becoming an increasingly … Read more
LyondellBasell (LYB) has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund. The grant will support the fully-electrified, industrial-scale advanced recycling demonstration plant the company plans to build at its Wesseling, Germany site. The company’s MoReTec plant is one of the 41 projects selected in the EU Innovation Fund ‘Third … Read more
Solvay is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia. Pending the results of an in-depth feasibility study and customary regulatory approvals, Solvay and ENOWA plan to begin operation of the groundbreaking plant by 2030. The facility is poised to emerge … Read more
Dow launched two caustic soda products – Caustic DEC and TRACELIGHT™ DEC, part of Dow’s Decarbia™ portfolio of reduced-carbon solutions, with up to 90% lower carbon dioxide*. Powered by renewable energy, this electrolysis production process helps lower our customers` Scope 3 emissions, thereby supporting their sustainability goals while maintaining the same product quality. The electrolysis … Read more
INEOS has announced an agreement with LyondellBasell to buy its Ethylene Oxide (EO) and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant and the 165kt Glycol Ethers plant together with all associated third-party business on the site, for $700 million. … Read more
Chevron Corporation has announced an expected organic capital expenditure range of US$15.5 – US$16.5 billion for consolidated subsidiaries (CAPEX) and an affiliate capital expenditure (affiliate CAPEX) budget of approximately US$3 billion for 2024. Upstream spending in 2024 is expected to be about US$14 billion. Of this planned expenditure, two thirds is allocated to the United … Read more
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, is set to develop in the largest green hydrogen facility in Indonesia with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer. The announcement was … Read more
NewMarket Corporation announced its entry into a definitive purchase agreement to acquire AMPAC Intermediate Holdings, LLC, the ultimate parent company of American Pacific Corporation (AMPAC), for approximately $700 million. Based in Cedar City, Utah, AMPAC is the leading North American manufacturer of critical performance additives used in solid rocket motors for space launch and military … Read more
Toyo Engineering Corp. (Tokyo) has been awarded engineering and procurement contract for an acetylene black project by Denka SCGC Advanced Materials Co., Ltd., a joint venture company of Denka Company Ltd. and SCG Chemicals plc (SCGC; Bangkok, Thailand). Acetylene Black is a type of carbon black used for applications such as EV lithium-ion batteries and high-voltage transmission cables for … Read more
KBR announced that its PurifierTM ammonia technology has been selected by PT Pupuk Sriwidjaja Palembang (Pusri), a subsidiary of PT Pupuk Indonesia for its planned Pusri 3B Ammonia Plant to be built in South Sumatera Province, Indonesia. This will be KBR’s twelfth ammonia plant licensed to Pupuk Indonesia. Under the terms of the contract, KBR will provide … Read more
Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Texize, Inc. of Greenville, SC. Texize is a leading regional manufacturer of industrial and commercial soaps, detergents, and other associated cleaning products. “We are very pleased to welcome Texize to the Paladin Holdings portfolio,” said Andrew Fulford, Managing Partner of Makai Capital Partners. “Texize has … Read more
Dow announced that its board of directors has declared Final Investment Decision on the Company’s Fort Saskatchewan Path2Zero investment to build the world’s first net-zeroi Scope 1 and 2 emissionsii integrated ethylene cracker and derivatives facility in Alberta, Canada. Aerial photograph of Dow, Inc.’s manufacturing site in Fort Saskatchewan, Alberta, Canada The $6.5 billion project, excluding governmental incentives and subsidies, includes … Read more
LyondellBasell, a global leader in the chemical industry, announced the establishment of a new distribution hub in the United Kingdom for its Polyolefins grades. This strategic move is part of our ongoing commitment to enhancing the customer experience by placing inventories closer to our customers’ facilities reducing lead times on orders. This distribution hub in … Read more
Abu Dhabi National Oil Company (ADNOC) is reportedly contemplating the acquisition of European energy firm Wintershall Dea, signaling a strategic move to bolster its international presence, as reported by Bloomberg, citing informed sources. Wintershall Dea, valued at potentially over €10 billion ($11 billion), has garnered interest from various entities, including UK-listed Harbour Energy. German chemical … Read more
With the approval of funding from the German Federal Ministry for Economic Affairs and Climate Action and the State of Rhineland-Palatinate, BASF has come a major step closer in building a proton exchange membrane electrolyzer. In cooperation with Siemens Energy, work on the water electrolysis at the Ludwigshafen site – the so-called Hy4Chem-EI project – … Read more
Diamines and Chemicals Limited, a prominent player in the chemical industry, has recently received a communication from the Gujarat Pollution Control Board (GPCB) regarding the proposed expansion of synthetic organic chemicals within its existing manufacturing unit situated at Plot No. 13, PCC Area, P.O. Petrochemicals, Vadodara-391350. Consolidated Consent & Authorization (CC&A): The company has … Read more