Cyclyx International, a joint venture between Agilyx and ExxonMobil, announces LyondellBasell has acquired 25% equity ownership of the joint venture (JV). LyondellBasell joining Cyclyx, which was formed in December 2020, further accelerates innovation and development of the necessary infrastructure for a nationwide circular economy for plastics. “Investing in plastic waste value chain experts such as … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has acquired 100% of the shares of BLH SAS (“BLH”), a well-known distributor of flavors & fragrances focused on the fine perfumery market in France. The acquisition strengthens Azelis’ global footprint in flavors & fragrances, which was created … Read more
Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon solutions, completed the acquisition of Nanocyl SA, a worldwide leader in multi-wall carbon nanotubes (MWCNTs) based in Sambreville, Belgium. The acquisition expands Birla Carbon’s presence in the Energy Systems market, creating a leadership position in material critical to Lithium-Ion battery performance along with … Read more
Eastman Chemical Company announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain … Read more
LG Chem Ltd, a prominent South Korean petrochemicals manufacturer, has announced its decision to divest its polariser businesses to Chinese companies in a strategic move aimed at enhancing its competitiveness in the market. The transaction is valued at approximately 1.1 trillion Korean Won (approximately $815.6 million USD). The polariser business division of LG Chem is … Read more
Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection, and other industries, announced that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV. The plant has approximately 60 employees. … Read more
Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR, and Chemiehaven) for a total purchase price of EUR 407 million including a conditional deferred payment of EUR 19.5 million. The total expected cash receipt net of transaction costs and net debt items … Read more
In response to the expressed interest from the Abu Dhabi National Oil Company (Adnoc), the Board of Management at Covestro AG has taken a significant step by initiating open-ended discussions with Adnoc. The outcome of these discussions, including the form and potential conditions of any agreement, remains uncertain and contingent upon the course of the … Read more
The State-owned Oil and Natural Gas Corporation (ONGC) is set to inject INR 150 billion into ONGC Petro-additions Ltd (OPaL) as part of a comprehensive financial restructuring initiative. This strategic move is expected to lead to the gradual exit of gas utility GAIL from the petrochemical firm, as reported by the news agency PTI. Presently, … Read more
Nippon Paint Holdings (NPHD) has officially received approval from its Board of Directors during the August 29, 2023 meeting for the acquisition of shares in two Indian-based paint manufacturers: Nippon Paint (India) Private Limited (NPI) and Berger Nippon Paint Automotive Coatings Private Limited (BNPA), collectively referred to as NPI and BNPA. The acquisition process involved … Read more
DuPont announced that it has completed the previously announced acquisition of Spectrum Plastics Group, a recognized leader in specialty medical devices and components markets. “I am pleased to welcome our talented Spectrum colleagues to DuPont,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. “We are excited to add Spectrum’s best-in-class advanced manufacturing capabilities, … Read more
Chase Corporation, a prominent global manufacturer of protective materials for high-reliability applications, has recently disclosed that it is set to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm. The all-cash transaction, which includes the assumption of debt, is valued at approximately $1.3 billion. Under the terms of … Read more
Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. for RMB 24.6 billion ($3.4 billion), through its subsidiary Aramco Overseas Company BV, based in the Netherlands. The acquisition follows the signing of definitive strategic agreements by both … Read more
Abu Dhabi National Oil Company (ADNOC) has officially announced its commencement of formal negotiations with OMV AG to explore the possibility of creating a new combined petrochemicals holding entity. The proposed merger aims to integrate their respective existing shareholdings in Borouge plc and Borealis AG. Currently, Borouge is listed on the Abu Dhabi Securities Exchange … Read more
Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its acquisition of Diversey Holdings, Ltd. The transaction, valued at an enterprise value of approximately $4.6 billion, was executed in an all-cash deal and became effective on July 5. Diversey is a leading provider of hygiene, infection prevention and cleaning products and … Read more
In June 2022, Borealis received a binding offer from AGROFERT, a.s. for the acquisition of its nitrogen business including fertilizer, melamine and technical nitrogen products. On July 5, 2023, the transaction, valuing the business on an enterprise value basis at EUR 810 million, has been completed. AGROFERT is a Czech-based group active in a number … Read more
INEOS, a leading global chemical company, has announced its plans to acquire several key businesses and infrastructure assets in a strategic deal with TotalEnergies. The acquisition will involve INEOS taking over TotalEnergies’ 50% share of Naphtachimie, Appryl, Gexaro, and 3TC, which are currently joint ventures between the two companies. These businesses, located at the Lavera … Read more
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator. Novachem offers a strong, innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. Signing and closing took place on 30 June 2023, subject to official approval by the authorities. Novachem will be … Read more
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