Bondalti in €329M takeover bid for Ercros

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

Coal India and BHEL Partner for Ammonium Nitrate Project

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 to acquire mining chemicals company Cyanco for $640m

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 plans to build $3.2 bn plant

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 launches Ultra Low Carbon Chlor-Alkali range

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

Dow announces completion of inaugural green bond offering

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 to divest stake in its two joint ventures in Korla, China 

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 is boosting efficiency and slashing CO₂ emissions at its Stade, Germany site

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

India’s Coromandel to invest Rs 10.29 Bn to increase production capacity

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 completes the divestment of its Oil & Gas related portfolio

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

Tecnimont awarded a FEED for an integrated green hydrogen and ammonia plant in Portugal 

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 to plans $100 Mn facility for fluorinated ion-exchange membranes in Japan

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

Evonik expands silica capacity in US site in Charleston

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 acquires majority stake in Polycorp

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 to expand herbicide capacity

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 invests to repurpose German Energy and Chemicals Park Rheinland

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 and Huatai to expand hydrogen peroxide capacity in China

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

Birla Carbon starts carbon black facilities in both India and Thailand

Mumbai, India / Marietta, USA – Birla Carbon, the leader in sustainable carbon solutions, announced the establishment of two new carbon black manufacturing sites in Naidupet, Andhra Pradesh, India, and Rayong, Thailand.  “We are excited to augment our expansion plans in support of key customers in the fast-growing markets of India and Southeast Asia,” stated John Loudermilk, … Read more

India’s Epsilon Carbon plans $1.2 Bn investment in integrated carbon complex

Epsilon Carbon Pvt. Ltd., a prominent player in the chemical industry, has officially inked a Memorandum of Understanding (MoU) with the Government of the Indian State of Odisha. The commitment entails a substantial investment of Rs 100 billion ($1.2 billion) spread over a decade, earmarked for the establishment of a cutting-edge Integrated Carbon Complex (ICC) … Read more

SABIC Finalizes $6.4 Bn Investment Decision for Fujian Petrochemical Complex

The Saudi Basic Industries Corporation (SABIC), the leading global company in diversified chemicals, announced on Sunday that it has endorsed the final investment decision for the SABIC Fujian Petrochemical Complex Project (Saudi-Chinese Gulei Ethylene Complex Project) to be established in Fujian Province, China.   SABIC Fujian Petrochemical Company Limited, based on a 51% to 49% equity … Read more