Bain Capital Private Equity, a leading global private investment firm, announced the acquisition of Porus Labs, a leading manufacturer of agricultural and specialty chemicals. Bain Capital’s resources and industry experience will enable Porus Labs to unlock significant growth through investments in talent, business development, capacity expansion, process engineering, and developing or acquiring distinctive chemical capabilities. … Read more
In a recent development in the Brazilian chemical industry, Unipar Carbocloro, a major player in the chlor-alkali and PVC manufacturing sector, has put forward a non-binding proposal to acquire control of Braskem, the leading producer of polyolefins in Brazil. This move holds significant implications for both companies, as well as for the overall market dynamics … Read more
Elkem ASA has acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additional turnover of around NOK 360 million per year. VUM was founded in 1954 and … Read more
Toray Industries, Inc., announced that it will again increase production capacity for Torayfan biaxially oriented polypropylene (BOPP) film at the Tsuchiura Plant in Ibaraki Prefecture. The move is part of ongoing efforts to meet the growing demand for automotive capacitor film in an expanding market for electrified vehicles. When they go online in 2025, the … Read more
Sumitomo has completed the acquisition of Saconix LLC. from a U.S. private equity fund to make Saconix a wholly-owned subsidiary of the Sumitomo Corporation Group. Saconix is engaged in the distribution and transportation service of sulfuric acid in the US West and Gulf. Sulfuric acid is one of the world’s most used chemicals in a … Read more
Element Solutions Inc, a global specialty chemicals company, has made two significant moves to strengthen its position in the advanced electronics materials markets. These transactions are expected to generate approximately $15 million of annualized adjusted EBITDA and hold great growth potential as the electronics industry improves and new technologies gain customer approvals. Firstly, Element Solutions … Read more
Solvay S.A. (Brussels, Belgium) and Sapio are partnering in the joint development of the Hydrogen Valley Rosignano Project, a large-scale hydrogen production plant with locally-sourced green energy in Rosignano, Italy. Led by two technology leaders in the hydrogen economy, this project will further enable the decarbonization of Solvay’s activities in Rosignano, leading to a 15% … Read more
Johnson Matthey, a global leader in sustainable technologies, is set to supply Fujian Zhongjing Petrochemical Group with the latest butanediol (BDO) technology. This technology is essential for the production of bio-degradable plastics (PBAT), as China intensifies its efforts to eliminate single-use plastics and combat pollution. The construction of three BDO plants will take place in … Read more
Air Liquide announces that it has invested nearly $70 million U.S. dollars in state-of-the-art plants in North Texas to supply ultra-high purity nitrogen and oxygen to the electronics industry. These investments will support the expansion of two existing manufacturing facilities and will also be used to build, own and operate onsite plants and systems at … Read more
Oil Natural Gas Commission (ONGC) will become Net-Zero by 2038 and invest Rs 1 trillion ($12.1 billion) by 2030 on energy transition projects to reduce carbon emissions, Arun Kumar Singh, Chairman & CEO, ONGC announced during an interaction with the journalists in Mumbai on 29 May 2023. By doing so, the Energy Maharatna will prepare … Read more
The Chemours Company, DuPont de Nemours, Inc., and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population. The class includes water systems with a current detection of PFAS … Read more
The Chemours Company has entered into a definitive agreement to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., a company founded and backed by Iron Path Capital. With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids … Read more
LG Chem Ltd., South Korea’s leading chemicals company, has recently commenced the construction of its fourth carbon nanotube (CNT) plant in the country. The new facility, named CNT 4, will be located in LG Chem’s Daesan complex, situated in Seosan, approximately 83 kilometers away from Seoul. This expansion aims to significantly increase the production capacity … Read more
Shell has recently come under scrutiny for breaching emissions limits at its Monaca polyethylene complex in Beaver County, Pennsylvania. The violations have raised concerns among residents and environmentalists due to the potential health risks associated with increased air pollution. Shell has acknowledged exceeding the total emission limitations for air contaminants at its Pennsylvania plant, primarily … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Sirius International, a well-established distributor of specialty chemicals in the Benelux market. This acquisition complements Azelis’ lateral value chain in-home care and industrial cleaning with an attractive … Read more
LanzaTech Global, Inc. and Plastipak Packaging, Inc. announced they have successfully produced PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions. The resin is suitable for food, personal care, and pharmaceutical packaging, as well as other non-packaging applications. PET is a polymer that is molded into plastic bottles and containers for … Read more
China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi’an, China. The agreement, signed during Kazakh President Kassym-Jomart Tokayev’s visit to China, marks that Sinopec will participate … Read more
Dow, a global chemical company, has entered into a significant long-term supply agreement with New Energy Blue in North America. The partnership aims to produce bio-based ethylene from renewable agricultural residues, specifically corn stover (stalks and leaves). This collaboration marks Dow’s commitment to reducing carbon emissions in plastic production and utilizing sustainable feedstocks for recyclable … Read more
Air Products, a leading industrial gas giant, has recently signed a significant $1 billion investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (UNG). The agreement entails the acquisition, ownership, and operation of a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan. This move highlights Air Products’ commitment to expanding its … Read more
Thyssenkrupp nucera AG & Co. KGaA is partnering with OxyChem to install the latest generation eBiTAC v7 electrolyzers to support the conversion of its Battleground plant in LaPorte, Texas, from the diaphragm to membrane chlor-alkali technology. “The fact that OxyChem has contracted us for the important retrofit of its large chloralkali plant makes us very … Read more