Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and the mechanical recycling of plastics, announces that it has signed an agreement to acquire Rialti S.p.A., an Italian polypropylene compounder, and recycler. Closing of this transaction is subject to customary regulatory approvals. … Read more
Air Liquide has sold its 19% stake in the fuel cell and hydrogen production technologies provider Hydrogenics Corporation to Cummins, who owns the remaining 81% of the company. With a large portfolio of technologies, Air Liquide is more than ever committed to the development of hydrogen and the Group is a leader in developing and … Read more
OSLO, NO – WATERLOO, BE – BASF, and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The companies are looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 … Read more
Imerys, the world leader in mineral-based specialty solutions, acquired an 80% stake in British Lithium, a private company that has developed a processing route to produce battery-grade lithium carbonate from Cornish granite. The transaction will bring together Imerys’ expertise in mining, infrastructure in Cornwall, R&D and process development capabilities, as well as its lithium mineral … Read more
French specialty materials company Arkema has announced its plan to acquire PIAM, a South Korean-based global leader in polyimide films and graphite sheets. With over 30% global market share, PIAM specializes in providing cutting-edge materials for high-growth markets such as mobile devices and electric vehicles. The acquisition, subject to regulatory approval, will allow Arkema to … Read more
Maire Tecnimont S.p.A. announces that its Integrated E&C Solutions subsidiaries Tecnimont and Tecnimont Arabia Limited have been awarded two lump-sum turn-key EPC contracts related to a petrochemical expansion at the SATORP Refinery, in Jubail, Kingdom of Saudi Arabia. The petrochemical facility will enable the conversion of internally produced refinery off-gases and naphtha, as well as … Read more
Aramco and TotalEnergies awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco President and CEO, and Patrick Pouyanné, TotalEnergies Chairman and CEO. … Read more
Honeywell International Inc. (Charlotte, N.C.) announced that SASA Polyester Sanayi A.Ş. will build the world’s largest Propane Dehydrogenation (PDH) unit in Yumurtalık, Türkiye using the latest generation of Honeywell Oleflex technology. The facility will have the capacity to produce 1 million tons of propylene per year. The Honeywell UOP Oleflex process is used to produce … Read more
Mitsui & Co., Ltd. has decided, and agreed with Celanese Corporation, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands B.V., which manufactures and sells functional food ingredients and concluded related agreements. The purchase price for the shares is $472.5 million. Following the acquisition, Nutrinova will become … Read more
India’s two leading state-owned oil and gas companies, Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), have entered into a memorandum of understanding (MoU) to jointly explore downstream opportunities in the petrochemical sector. The collaboration aims to leverage the strengths of both companies, including their subsidiaries, through greenfield projects, acquisitions, and global … Read more
Abu Dhabi National Oil Co. (ADNOC) has reportedly made a significant offer exceeding €10 billion ($10.9 billion) to acquire Covestro AG, a leading chemicals giant. The news of the potential takeover caused Covestro’s stock to surge, with shares jumping by double digits. ADNOC, traditionally an oil and gas producer, aims to diversify its portfolio and … Read more
Hong Kong SAR, China – BASF has broken ground on a polyethylene (PE) plant at its Verbund site in Zhanjiang, China. The new plant with a capacity of 500,000 metric tons of PE annually will serve the fast-growing demand in China. The plant is scheduled to start up in 2025. “China’s demand for PE has … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of Shanghai Saifu Chemical Development Co., Ltd., one of the most respected market leaders in specialty distribution with expertise in Personal Care Chemicals in China. The acquisition of Saifu in China fits Brenntag’s acquisition strategy as a leading consolidator in the industry … Read more
The Lubrizol Corporation, a global leader in specialty chemicals, is advancing its commitment to continued growth in India with several significant projects across its portfolio. The company is pledging more than 150 million USD of in-region investment, including breaking ground on India’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its site in … Read more
The China National Chemical Engineering Corporation (CNCEC) has recently partnered with Aeon Corporation, led by Russian billionaire Roman Trotsenko, to construct a methanol plant in Volgograd. This joint venture, marked by the signing of an engineering, procurement, and construction contract, was announced during the St. Petersburg International Economic Forum. The project holds significant importance for … Read more
Shell is making good progress towards its target to become a net-zero emissions energy business by 2050, by reducing emissions from its operations, and from the fuels and other energy products it sells to customers. Shell will continue to make progress by aiming to achieve near-zero methane emissions by 2030 and to eliminate routine flaring … Read more
MOL Clean Energy, US, LLC (MCE), a 100 percent subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC (CHW) announce MCE as a Joint Venture shareholder in Ascension Clean Energy (ACE), a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. Other shareholders are CHW, Denbury Inc., a world-leading … Read more
Yara and Cepsa have agreed on a strategic partnership to set up the first clean hydrogen maritime corridor between the ports of Algeciras and Rotterdam for the decarbonization of European industry and maritime transport. The partnership envisages Yara Clean Ammonia (YCA) supplying Cepsa with clean ammonia volumes, which will allow the energy company to get … Read more
PETRONAS Chemicals Group Berhad (PCG) has reached the final investment decision (FID) to fully acquire the 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) plant located in Gebeng, Kuantan from BASF PETRONAS Chemicals Sdn. Bhd. (BPC). The plant will broaden PCG’s product portfolio and its derivatives to further strengthen PCG’s derivatives product offerings. The FID … Read more
Anupam Rasayan, a prominent player in custom synthesis and specialty chemicals in India, has recently signed a Letter of Intent (LOI) with a leading Japanese specialty chemical company. The agreement entails a projected revenue of $265 million (Rs 21.86 billion) over the course of the next five years. The purpose of this partnership is to … Read more