Specialty chemical manufacturer Solenis and hygiene solutions provider Diversey Holdings have announced a definitive merger agreement, in which Solenis will acquire Diversey in an all-cash transaction valued at approximately $4.6 billion. Following the merger, Diversey will become a private company. Solenis, headquartered in Wilmington, Delaware, was acquired by Platinum Equity in 2021 and produces specialty … Read more
Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand. Aluminum Alkyls are used as co-catalysts for manufacturing polyolefins, synthetic rubber, pharmaceuticals, and other fine chemicals. “This investment supports Gulbrandsen’s commitment to meet the growing needs of our customers … Read more
The Momentive Performance Materials group (Momentive) announced a growth investment to build a new manufacturing facility in Rayong, Thailand. Breaking ground on what will be home to a new state-of-the-art facility, this new site will expand Momentive’s manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries including beauty and … Read more
BASF announced its investment in a new citral plant as part of its Verbund site in Zhanjiang, China, and menthol and linalool downstream plants at its Verbund site in Ludwigshafen, Germany. These plants are expected to come on stream from 2026 onwards. The investment is driven by growing demand from the global flavor and fragrance … Read more
Aimia Inc. has signed an agreement to acquire Giovanni Bozzetto S.p.A., also known as Bozzetto Group, from Chequers Capital and other minority shareholders. The purchase price is based on an enterprise value of approximately $328 million and is expected to be financed with a combination of cash and debt. The executive management team of Bozzetto … Read more
Sumitomo Chemical India Limited recently faced an accident at their Bhavnagar site in Gujarat on February 24, 2023. Following this incident, the Gujarat Pollution Control Board (GPCB) issued an order on its website, instructing the company to restrict and close its operations at the Bhavnagar site. The GPCB has set certain conditions that the company … Read more
SABIC’s participation in the Shareek program highlights the company’s commitment to enhancing partnerships with the private sector and supporting sustainable growth in the national economy. The program, launched by Crown Prince Mohammed bin Salman bin Abdulaziz, aims to develop public-private partnerships and build a prosperous national economy by attracting investments and developing industries associated with … Read more
Johnson Matthey, a UK-based sustainable technology company, has been selected by Perstorp AB to provide the methanol license and engineering services for its Project Air initiative in Sweden. The project aims to substitute all the fossil methanol used by Perstorp in Europe as raw material for chemical products with sustainable methanol. The plant is expected … Read more
Merck, a leading science and technology company, has reported a strong performance in the fiscal year 2022, delivering profitable growth despite challenges. The company’s group net sales increased by 12.9% (organically: 6.4%) to €22,232 million compared with the previous year, driven by all regions and business sectors, particularly Life Science. The Big 3 businesses – … Read more
Synthomer plc, a leading specialty chemical company, has completed the sale of its laminates, films, and coated fabrics businesses to Surteco North America, Inc. The sale, which was approved by Synthomer shareholders in January 2023, has now been finalized, following the satisfaction of the conditions precedent as outlined in the circular to Synthomer shareholders published … Read more
Archroma, a leading sustainable specialty chemicals and solutions provider, recently announced the completion of its acquisition of Huntsman Textile Effects, a business division of Huntsman Corporation. The acquisition, which was first announced in August 2022, adds over 2,300 employees in 33 countries and 10 production sites to Archroma’s global workforce. With this acquisition, Archroma’s global … Read more
Gujarat Alkalies and Chemicals Limited (GACL), a leading player in the Indian chemical industry, has recently expanded its Caustic Soda Lye Plant at its Dahej Complex from 785 MTPD to 1310 MTPD in line with its growth plans. As a part of this expansion, a new 700 MTPD Caustic Evaporation Unit (CEU) has also been … Read more
Evonik, a global leader in silica manufacturing, has announced an investment in the expansion of its production plant for fumed aluminum oxide in Yokkaichi, Japan. The expansion, which is set to become operational in 2025, will be the company’s first alumina plant in Asia and will focus on the production of specialty solutions for lithium-ion … Read more
Shell Nanhai BV, a subsidiary of Shell PLC, along with China National Offshore Oil Corp. (CNOOC), has awarded a contract to Shell Catalyst & Technologies (SC&T) for the third expansion of ethylene production capacity at the CNOOC & Shell Petrochemicals Co. Ltd.’s (CSPC) petrochemical complex in Huizhou City, Guangdong Province, China. The project is a … Read more
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company reported its financial results for the full year and fourth quarter of 2022. The company delivered a robust financial performance in 2022 despite the challenges posed by COVID-19, supply chain disruptions, and other external factors. Net Sales: Celanese Corporation generated record net sales of … Read more
Arkema, a French multinational chemical company, has announced its 2022 full-year financial results, reporting impressive growth in sales and EBITDA, despite a challenging macroeconomic environment. The company also provided its outlook for 2023, which includes the continuation of its strategic priorities and the implementation of its cutting-edge innovation focused on sustainable development and decarbonization. Sales … Read more
Air Liquide and Sasol have signed two Power Purchase Agreements (PPAs) with TotalEnergies and its partner Mulilo for the long-term supply of renewable power to Sasol’s Secunda site, where Air Liquide operates the world’s largest oxygen production site. The PPAs will provide a total capacity of 260 MW, adding to the 220 MW signed with … Read more
Kanoria Chemicals & Industries Limited (KCI) has performed Bhumi Puja for setting up a new Formaldehyde plant at the existing manufacturing facility at GIDC, Ankleshwar Gujarat on 23rd February 2023. The upcoming Formaldehyde plant will be with the latest Metal Oxide-based technology. This 300 TPD (tons per day) new capacity with superior technology will cater … Read more
INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires … Read more
Toray Industries, Inc. has announced its plan to establish a new research facility at its Nagoya Plant in Aichi Prefecture to accelerate its R&D efforts towards green transformation and advanced mobility. The new facility will integrate diverse elemental technologies from within and outside the Toray Group to develop materials using the concept of fusing green … Read more