Royal DSM, a global science-based company focused on health and nutrition, has announced the completion of the sale of its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The sale agreement was first announced on May 31, 2022. Divestment of Materials Businesses The transaction covers all of DSM’s … Read more
Neogen Chemicals Limited, a prominent Indian manufacturer of specialty chemicals based on Bromine and Lithium, has signed a license agreement with MU Ionic Solutions Corporation (MUIS), a joint venture between Mitsubishi Chemical Corporation (MCC) and UBE Corporation. As part of the agreement, Neogen will obtain proprietary and confidential manufacturing technology for making electrolyte solutions, which … Read more
Hainan Baling Chemical New Material Co., Ltd., a subsidiary of China Petroleum & Chemical Corporation (Sinopec), has launched production of its styrene-butadiene copolymer (SBC) project in Hainan, China, which will reach an annual production capacity of 170,000 tons. Sinopec now has the largest world’s largest production capacity of SBC plants. Baling New Material and Sinopec … Read more
BASF, a leading chemical company, announced its plan to establish compounding capacities for its certified compostable biopolymer ecovio® in Shanghai, China. The move is aimed at better supporting local customers in Asia and meeting their needs for film applications, including certified compostable shopping and organic waste bags, soil-biodegradable agricultural mulch films, and packaging. Benefits for … Read more
Chambal Fertilisers and Chemicals Limited, a leading producer of urea fertilizers in India, has recently awarded an engineering, procurement, and construction (EPC) contract to Larsen & Toubro Limited on April 5, 2023. The contract is for the Technical Ammonium Nitrate (TAN) Project, which involves setting up a new plant for the manufacture of Technical Ammonium … Read more
German specialty chemicals company, Evonik, has signed an agreement to sell its Lülsdorf site and associated cyanuric chloride business in Wesseling, Germany, to Luxembourg-based International Chemical Investors Group (ICIG). The purchase price has not been disclosed. The transfer of ownership is set to take place in mid-2023, pending antitrust clearance and approval from Evonik committees. … Read more
L&T Energy Hydrocarbon (LTEH), a business unit of Larsen & Toubro (L&T), has recently been awarded several offshore packages by a prestigious client in the Middle East. The scope of work includes engineering, procurement, construction, and installation of various new offshore facilities, as well as integration with existing installations. Repeat orders signify customer satisfaction Commenting … Read more
Linde announced that it has signed a long-term agreement with ExxonMobil for the off-take of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas. Linde previously announced that it will build, own and operate an on-site complex to supply clean hydrogen and nitrogen to OCI Global’s new world-scale blue ammonia plant. Linde’s … Read more
Indigo Paints, one of India’s leading paint companies, has acquired a 51% controlling stake in Apple Chemie India Private Limited (ACIPL), a rapidly growing firm specializing in construction chemicals and waterproofing. The acquisition was a combination of primary capital infusion and secondary share purchase transactions with the promoters, with Indigo Paints having the option to … Read more
INEOS Phenol has announced that it has agreed to acquire the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million. The business has a turnover of $750 million and produces over 1 million tonnes of product each year, including cumene (410 … Read more
Yara Clean Ammonia and Enbridge Inc. have signed a letter of intent to develop and construct a world-scale low-carbon blue ammonia production facility as equal partners. The proposed facility will be located at the Enbridge Ingleside Energy Center (EIEC) near Corpus Christi, Texas. The production facility will be capable of supplying low-carbon ammonia to meet … Read more
ExxonMobil said it is investing nearly INR 9 billion (USD $110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. The company made the announcement in the presence of Deputy Chief Minister Devendra Fadnavis, Industry Minister Uday Samant, and senior officials from Maharashtra. • Investing nearly … Read more
Evonik has officially begun construction of its $220 million global-scale production facility for pharmaceutical specialty lipids in Lafayette, Indiana, in the United States. The new facility is expected to secure the industry’s access to critical excipients needed for mRNA vaccines and other nucleic acid therapies. The plant is scheduled to go onstream in 2025. “Our … Read more
LG Chem Ltd. initiated the construction of a plant for supercritical pyrolysis and aerogel production in Seongmun National Industrial Complex, located 150 kilometers southwest of Seoul. With an investment of 310 billion won ($238.6 million), this new facility will enhance LG Chem’s plastic recycling businesses and enable the production of aerogel insulation material using the … Read more
Saudi Arabian Oil Company (Aramco) is partnering with China’s NORINCO Group and Panjin Xincheng Industrial Group to construct a large integrated refinery and petrochemical complex in northeast China. The Huajin Aramco Petrochemical Company (HAPCO) joint venture, with Aramco owning a 30% stake, NORINCO Group 51%, and Panjin Xincheng Industrial Group 19%, will oversee the project … Read more
Croda India, a wholly-owned subsidiary of UK-based Croda International Plc and a leading player in specialty chemicals, has announced plans to construct a new manufacturing facility at Dahej in the state of Gujarat. The company has earmarked an investment of Rs 5 billion for the first phase of the project, which will focus on producing … Read more
INEOS Styrolution America LLC and Agilyx ASA are advancing the development of a previously announced 100 tons per day TruStyrenyx™ chemical recycling facility in Channahon, Illinois. The facility aims to recycle post-use plastics to high-value, virgin-equivalent products. TruStyrenyx is a partnership between Agilyx and Technip Energies and provides an all-in-one solution for the chemical recycling … Read more
Evonik Catalysts has announced its plans to increase production capacities for its activated nickel powder catalysts marketed under the KALCAT and Metalyst brands. The company is set to expand its production sites in Hanau, Germany, and Dombivli, India in response to the growing demand for precious metal-free powder hydrogenation catalysts in the pharmaceutical, agrochemical, and … Read more
Saudi Aramco, the world’s largest oil producer, has entered into a $3.6 billion deal to purchase a 10% stake in Rongsheng Petrochemical Co, one of China’s oil refining giants. As part of the agreement, Aramco has committed to supply 480,000 barrels of crude oil per day to Rongsheng’s refinery in Zhejiang province over a 20-year … Read more
ADNOC announced that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia. The announcement was made following the signing of a memorandum of understanding (MoU) between the Government of North Rhine-Westphalia, ADNOC and Currenta … Read more