Haldia Petrochemicals (HPL), one of the largest refiner in India, is planning to invest Rs 62,714 crore ($9 billion) in setting up a 12 Million Tonne Per Annum (MTPA) refinery-cum-petrochemical complex near Kakinada, in the state of Andhra Pradesh. The planned crude-to-chemical complex will produce refinery derivatives and petrochemicals for domestic and export markets. It will … Read more
INEOS Enterprises has announced on Wednesday the sale of INEOS Melamines & Paraform to Prefere Resins Holding GmbH. The agreement covers sites in USA, Germany and Indonesia. INEOS Paraform is Europe’s second largest producer of Paraformaldehyde. It employs around 120 people at its Mainz facility located close to the River Rhine and the port of … Read more
Kaneka Starts New Biopolymers Division Kaneka Americas Holding, Inc. announced on Tuesday the establishment of the new Houston-based Biopolymers Division. PHBH (a copolymer of 3-hydroxybutyrate and 3-hydroxyhexanoate) from Kaneka is a plant-based product offering flexibility as well as heat resistance. It is produced through a novel process of bio-fermentation using renewable plant oils as feed stock. PHBH … Read more
Verus Investment Partners, a leading private equity investment firm, announced today that it has sold its portfolio company VanDeMark Chemical Inc., Lockport, NY. There was no disclosure of financial terms. VanDeMark, an independent manufacturer of phosgene and phosgene derivatives, offers a range of more than 30 chemical compounds used in the production of pharmaceuticals, agrochemicals, … Read more
W. R. Grace & Co. announced today that it has signed an agreement with TechnipFMC PLC to jointly develop improved catalyst and process technology related to TechnipFMC Deep Catalytic Cracking (TDCC). TDCC is a high-severity fluid catalytic cracking process licensed by TechnipFMC and designed to produce very high yields of propylene and other petrochemical feedstocks. … Read more
Air Products announced on Monday that it made an agreement to build, own and operate a second air separation unit (ASU) to support the expansion of Big River Steel LLC at its Osceola mill in Arkansas. The 250 ton / day unit is expected to start in January 2021 to supply oxygen, nitrogen and argon to … Read more
Saudi Aramco announced on Sunday it will buy Royal Dutch Shell’s 50% interest in the SASREF refinery in Jubail Industrial City, Saudi Arabia, for $631 million. The sale is expected to complete later this year, subject to regulatory approval. According to the statement, Aramco will take full ownership of the 305,000 barrels per day refinery … Read more
A joint lab project between Wacker Chemie AG and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. was officially launched in Beijing on Thursday, aiming to further strengthen the upstream-downstream cooperation in the waterproof coatings industry. With the joint labs set up in respective workplaces, the two companies will work together on the fundamental research and … Read more
Dow Chemical is closing its acrylic emulsions facility in east Charlotte this July. The company said that it made the decision after thorough assessments on sustainability of the operations. The company will decommission the plant on July 31st and will supply the product to its customers from other locations. The Charlotte site produces acrylic emulsions … Read more
Nippon Paint Holdings Co. will acquire major Australian paint company, DuluxGroup Ltd. for 300.5 billion yen ($ 2.7 billion) to strengthen its foothold in the overseas market, the two companies announced on Wednesday. The leading manufacturer of paint and coating aims to close the deal by mid – August to purchase DuluxGroup, which has the … Read more
Celanese Corporation announced today its plans to significantly expand methanol production capacity at the company’s Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas. Celanese has recently been granted approvals from the Fairway Methanol LLC board of directors for a second phase expansion, which will increase production to 1.7 million metric tons per year … Read more
Nouryon has completed a €4 million ($4.5 m) expansion at Mahad, India which will increase organic peroxides production capacity at the site by 80 percent. The increased capacity will support growing customer demand in India and the Middle East for organic peroxides, essential in the manufacture of polymer-based products such as athletic shoe soles, wind … Read more
Deepak Fertilizers announced the start of commercial output of nitric acid at its production complex at Dahej, Gujarat. The new facility, with project cost of approximately $79 million, has production capacity of around 92,000 tonne per annum for concentrated nitric acid and around 14,9000 tonne/annum for diluted nitric acid, the company said. This new facility … Read more
Saudi Aramco, the world’s largest crude oil producer and refiner, is in serious discussions to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, as stated in local news report. The agreement on valuation could be reached around June, the Indian newspaper reported, citing people with knowledge of the development. … Read more
MOL Group, a Hungarian energy company, has agreed to acquire Aurora, a recycled plastic compounder with production plants in Baden-Wurttemberg, Germany. The deal is part of the long-term strategy to expand the petrochemicals portfolio, MOL added. The transaction is subject to the relevant approvals for merger control. Aurora is a medium-sized company that mainly produces … Read more
BP, Nouryon and the Port of Rotterdam have partnered to explore the opportunity of making ‘ green hydrogen’ via water electrolysis for BP’s refinery in Rotterdam, the Netherlands. According to Nouryon, green hydrogen produced from water using renewable energy could potentially lead to a 350,000 tons reduction in CO2 emissions per year. The three partners have signed … Read more
CNPC and the Chinese regional government of Xinjiang performed the ground breaking ceremony for the first ethane cracker project in the region on Thursday. The cracker, which will be built with an investment of 9 billion yuan ($1.3 billion) by China National Petroleum Corp (CNPC), China’s leading oil and gas corporation, is the largest investment … Read more
INEOS Styrolution announced that it is planning to set up a new production site for its successful composite StyLight. “The establishment of a new production site reflects growing customer demand. Ever since its introduction at the K in Düsseldorf in 2016, StyLight has caught the attention of designers globally in the automotive, electronics and sports … Read more
Axens to supply several advanced technologies for its state-of-the-art 9 MTPA integrated refinery and petrochemical complex of HPCL to be set in Pachpadra Tehsil of Barmer District of Rajasthan, the engineering firm announced on Monday. As part of the project, Axens will provide the following technologies: – a naphtha hydrotreating unit (NHT) – a semi-regenerative … Read more
Evonik announced on Monday that the company is commissioning a new plant initially for the production of KALCATTM and in the long-term also Metalyst Activated Metal Catalysts at its Catalyst’s manufacturing site in Dombivli, India. This new state of the art production facility allows Evonik to fully utilize its capacities in Dombivli while establishing significant … Read more