India’s Nayara Energy has been forced to cut down operations at its massive oil refinery in Gujarat after getting caught up in the latest round of European Union sanctions aimed at Russian-linked businesses. Nayara runs one of India’s largest oil refineries at the coastal town of Vadinar, handling around 400,000 barrels a day. That’s nearly … Read more
Nuberg EPC, a preeminent Indian Global EPC and turnkey project management company, has bagged the contract for India’s largest Chlor-Alkali project, commissioned by Mundra Petrochemical Ltd. (MPL), a subsidiary of Adani Enterprises. The project is poised to make a significant impact in the industry with a capacity of 2,200 TPD, utilizing a 100% NaOH process. … Read more
Bondalti, a leading chemical company, has announced the initiation of a public takeover bid, facilitated through its Barcelona-based entity, Bondalti IBERICA, targeting the acquisition of 100% of Ercros’ shares. The offer, formally presented to the Spanish National Securities Market Commission (CNMV), will be executed entirely in cash, offering a price of 3.6 euros per Ercros … Read more
Portuguese industrial conglomerate Bondalti has initiated a bold move in the chemical industry, announcing a takeover bid valued at 329 million euros ($357 million) for the entire shareholding of Ercros, a Barcelona-based chemical company. The offer, exclusively in cash, stands at 3.6 euros per share of Ercros, marking a substantial premium of 40.6% over the … Read more
In a significant development within the chemical industry, two leading Indian state (Maharatna CPSE) entities, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL), have formally solidified their collaboration through the signing of a joint venture agreement (JVA) on 28th February 2024 in Delhi. The agreement aims to establish an ammonium nitrate plant utilizing … Read more
Orica, an Australian chemicals company, has agreed to fully acquire Cyanco Intermediate (Cyanco) from an affiliate of Cerberus Capital Management for a total of $640m. Cyano is a US-based manufacturer and distributor of sodium cyanide, primarily serves the gold mining industries in the US, Canada, Mexico, Latin America, and Africa. The company operates production facilities … Read more
Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. The company plans to use advanced auto thermal gas reforming technology and employ carbon capture and secure geologic storage to produce low-carbon hydrogen … Read more
INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites. The first production sites include Rafnes in Norway, which … Read more
The Dow Chemical Company, a wholly owned subsidiary of Dow, announced the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054. The notes represent the Company’s inaugural green financing instrument, in alignment with Dow’s Green Finance Framework published on our website on January 25, … Read more
BASF initiated the process to divest its shares in the two joint venture companies BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China in the fourth quarter of 2023. As part of its global strategy for 1,4-butanediol (BDO), BASF assessed the market environment and product carbon … Read more
Air Liquide and Dow renewed their industrial gas supply agreement in Stade, one of the largest chemical production sites in Lower Saxony, Germany. In this context, Air Liquide will supply industrial gases under a long-term agreement and invest close to 40 million euros in the modernisation of its assets, enabling operational efficiency and reducing CO₂ emissions. … Read more
Coromandel International, an agricultural chemicals maker, announced that its board of directors approved a proposal to establish new phosphoric acid and sulphuric acid plants at Kakinada in Andhra Pradesh, investing Rs 10.29 billion. The board meeting on January 30 sanctioned the proposal, as per a stock exchange filing by Coromandel International. The new plants will … Read more
Kemira has completed the divestment of its Oil & Gas related portfolio to Sterling Specialty Chemicals LLC, a US subsidiary of Artek Group, a global industrial chemicals group based in India. The divestment was announced on December 4, 2023. The transaction enables Kemira to focus on its core businesses and accelerate its profitable growth strategy … Read more
MAIRE announces that Tecnimont (Integrated E&C Solutions) has been awarded a FEED contract by MadoquaPower2X to develop an integrated green hydrogen and green ammonia plant located in the industrial zone of Sines, Portugal. MadoquaPower2x is a consortium comprised of Madoqua Renewables, Power2X and Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund. The project involves the production of green … Read more
AGC, a world-leading manufacturer of glass, chemicals, and high-tech materials, has announced that it has decided to construct a new production facility for FORBLUE™ S-SERIES, a fluorinated ion-exchange membranes suitable for producing green hydrogen at its Kitakyushu Site (Tobata-ku, Kitakyushu City). AGC will invest approximately 15 billion Japanese yen for the new facility, which is scheduled to … Read more
Charleston, USA. Evonik, one of the world’s leading silica producers, invests in a plant expansion for precipitated silica at its site in Charleston, USA. The new line in South Carolina is satisfying the high demand in particular from the tire industry in North America and makes the supply chains of Evonik partners in the region resilient … Read more
Arsenal Capital Partners , a private equity firm that specializes in investments in industrial and healthcare companies, announced that it has completed a majority investment in Polycorp Ltd., a leading manufacturer of engineered elastomer solutions. The terms of the transaction were not disclosed. Polycorp is headquartered in Elora, Ontario, and employs approximately 250 full-time … Read more
Rallis India Ltd’s Board of Directors, in their meeting on January 23, 2024, greenlit the expansion plan for the Pendimethalin Plant located at the Dahej SEZ unit. The proposed augmentation, slated to increase the capacity by approximately 2000 MT/Annum, entails an investment of around Rs. 150 million, to be sourced from internal accruals. Presently, the … Read more
Shell Deutschland GmbH has taken a final investment decision (FID) to convert the hydrocracker of the Wesseling site at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils, used in making high-quality lubricants such as engine and transmission oils. Crude oil processing will end at the Wesseling site by … Read more
Solvay is further extending its leadership position in the global hydrogen peroxide market by expanding the capacity of its Shandong Huatai Interox Chemical site in China. Building on its existing partnership with Huatai Chemical, the strategic alliance will enable the site to produce 48 kilotons of photovoltaic-grade hydrogen peroxide annually by 2025. This strategic investment … Read more