Invista Licenses Nylon-6,6 Technology for New Line in China

INVISTA Textiles (U.K.) Ltd. and China Resources Yantai Nylon Co., Ltd., a subsidiary of China Resources Holdings, signed an agreement for the licensing of INVISTA’s nylon 6,6 polymerization technology. With INVISTA’s leading expertise in nylon 6,6 production technology and process, this partnership continues to exemplify INVISTA’s commitment to promoting the development of the nylon 6,6 … Read more

Huntsman to Consider Sale of Textile Effects Division

Huntsman Corporation (HUN) Tuesday announced plans to review strategic options for its Textile Effects Division. The Board of Directors has authorized management to conduct a strategic review of the Textile Effects Division, which is headquartered in Singapore, including a possible sale of the division. The review will begin early in the first quarter of 2022. … Read more

India’s Grasim Industries Commissions Caustic Soda Units at Rehla, Balabhadrapuram

Grasim Industries has commissioned caustic soda projects at Rehla, Jharkhand and Balabhadrapuram, Andhra Pradesh. The ongoing expansion project at Rehla has been completed and the company has successfully commissioned Phase-II of the expansion project — 80 tons per day (tpd) caustic soda lye at Rehla, taking overall caustic soda lye capacity of Rehla unit to … Read more

India’s Meghmani Organics Ltd Acquires Kilburn Chemicals

Meghmani Organics Limited (MOL) announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid INR 1.32 billion as per the National Company Law Tribunal (NCLT) approved resolution plan dated 16th December 2021. Thus, the Company has diversified its Pigment Division’s product offering with Kilburn Chemicals acquisition, fast-tracking its foray into Titanium … Read more

Novatek, Uniper Sign Blue Ammonia, Hydrogen Supply Deal

Novatek and Uniper signed a term sheet on the long-term supply of large volumes of low-carbon ammonia. These supplies will be delivered to Uniper’s markets in Germany and North-West Europe. Novatek is developing a major low-carbon ammonia production facility on the Yamal Peninsula in northwestern Siberia, making use of the vast local gas reserves. Carbon … Read more

Lotte Chemical Consortium to Build Clean Hydrogen Plant at Ulsan

LOTTE Chemical will cooperate with Samsung Engineering and POSCO for the eco-friendly hydrogen business. LOTTE Chemical, Samsung Engineering, and POSCO announced on the 28th that they have entered an MOU for ‘a partnership for the development of hydrogen business in Korea and abroad.’ The top management gathered at Hotel Signiel in Jamsil, Seoul for the … Read more

Monolith receives $1Bn US DOE Loan for Clean Hydrogen, Carbon Black Expansion

Methane pyrolysis technology company Monolith, a leader in clean materials production, has received conditional approval for a $1.04-billion loan from the US Department of Energy (DOE). Established via the Title XVII Innovative Energy Loan Guarantee Program, the loan will allow Monolith to expand its clean hydrogen and carbon black production facilities in Hallam, Nebraska. Monolith … Read more

Cummins, Sinopec Launch JV to Produce Green Hydrogen Technologies in China

Cummins Inc. and China Petrochemical Corporation announced the formation of a 50:50 joint venture — Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd. The joint venture will accelerate the affordability and availability of green hydrogen through increased technological innovation, research and development, and manufacturing capacity. Cummins Enze, located in Foshan, Guangdong Province in China, will initially … Read more

Cargill agrees $1 Billion Deal to Acquire Croda’s Biobased Performance, Industrial Chemical businesses

Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 0.915 ($1.03 billion) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solutions. The transaction, which is subject to regulatory approvals, … Read more

EU approves €900M German Scheme to Produce Green Hydrogen Overseas

The European Commission has approved, under EU State aid rules, a €900 million ($1 billion) German scheme to support investments in the production of renewable hydrogen in non-EU countries, which will be then imported and sold in the EU. The scheme, called ‘H2Global’, aims at meeting the EU demand for renewable hydrogen that is expected … Read more

Norway’s Equinor Joins Forces with France’s Engie on Belgian Blue Hydrogen

Norway’s Equinor said that it collaberated with France’s Engie to develop a project designed to produce low-carbon hydrogen from natural gas in Belgium. The announcement of the H2BE project — which aims to produce hydrogen from natural gas using autothermal reforming (ATR) combined with carbon capture and storage (CCS) — follows a memorandum of understanding … Read more

Lotte Chemical to Invest $211M to Expand Ethylene Oxide Adduct Production

Lotte Chemical Corp., a petrochemical unit of South Korean conglomerate Lotte Group, said Friday it will spend 250 billion won (US$211.4 million) to expand its domestic production line of ethylene oxide adduct (EOA). The expansion of the production line in Daesan, a county in the central South Chungcheong Province, will help boost its EOA production … Read more

Entegris to Acquire CMC Materials for $6.5 Billion

Entegris, Inc. and CMC Materials, Inc announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each … Read more

Sika Expands Adhesives, Sealants Output in India to meet Demand

Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra in India. Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market. On its three … Read more

BASF SE reaches Milestone of MDI Capacity Expansion Project

BASF SE has announced that the implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for BASF’s Verbund site in Geismar, Louisiana, is progressing on schedule. Over time, BASF plans to double the capacity from 300,000 metric tons per year to approximately 600,000 m.t./yr. “This investment in the attractive North American MDI market strengthens … Read more

Air Products awards Thyssenkrupp JV Contract for Electrolysis Plant in Saudi Arabia

Air Products has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis plant for one of the world’s largest green hydrogen projects at NEOM in Saudi Arabia. Under this contract, thyssenkrupp will engineer, procure and fabricate the plant based on their large-scale 20 megawatt (MW) alka-line water electrolysis … Read more

India’s Deepak Fertilisers to Invest $291M on Ammonium Nitrate Complex

Smartchem Technologies Ltd. (STL), a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), said it would invest ₹ 22 billion to set up a technical ammonium nitrate (TAN) complex at Gopalpur Industrial Park in Odisha. The ground-breaking and foundation-laying ceremony was held on Thursday. The project is located at Tata Steel Industrial Park, … Read more

BASF to Carve Out Mobile Emission Catalysts, Invest ~$5.1B in Battery Materials by 2030

BASF said it will strengthen its focus on battery materials and recycling and will establish a separate mobile emissions catalyst, automotive catalysts recycling and associated precious metal services entity. The new entity will be named BASF Automotive Catalysts and Recycling. The move came keeping in view with the automotive industry’s shift toward electromobility. The new … Read more

Reliance Industries, TA’ZIZ enter $2B JV for Chemical Production

Reliance Industries (RIL) announced its first investment in West Asia with Abu Dhabi Chemical Derivatives Company RSC (TA’ZIZ). According to a RIL statement, the two have agreed to launch TA’ZIZ EDC & PVC, a chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi. “The new joint venture (JV) will construct and … Read more