BASF and Zhejiang Guanghua Technology Co., Ltd. (KHUA) have signed a Letter of Intent (LoI) for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site to KHUA. This agreement marks a significant milestone in the long-term partnership between both parties. KHUA, a reputed manufacturer of saturated polyester resins for the powder coatings industry … Read more
KEZAD Group, the leading operator of integrated and purpose-built economic zones in the UAE, has recently announced an agreement with Global Fluorine Chemical Factory LLC (GFCF) for the establishment of the second phase of their operations in KEZAD Mussafah. This development will enable GFCF to triple its production capacity, marking a significant step towards the … Read more
LyondellBasell announced that PetroChina Guangxi Petrochemical Company will license the LyondellBasell polyethylene technology at their facility located in Qinzhou City, Guangxi, P.R. of China. The newly licensed technology will comprise the LyondellBasell leading high-pressure Lupotech process technology which will be used for both a 100 kiloton per year (KTA) Autoclave and a 300 KTA Tubular … Read more
Gelest, Inc., a Mitsubishi Chemical Group company, recently commenced the construction of a new production facility at its global headquarters in Morrisville, PA. The groundbreaking ceremony marked a significant milestone for the company. The new facility will occupy a 50,000-square-foot building and is scheduled for completion by September 2024. To support the initial phase of … Read more
HPCL Rajasthan Refinery Limited (HRRL) received a substantial financial boost for its upcoming project in Barmer, Rajasthan, as the Rural Electrification Corporation Limited (REC) granted a loan of Rs 47.85 billion. In a press release, the company stated, “HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement on 4 July 2023 under a consortium arrangement … 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
Syclus intends to build and operate a plant for the production of renewable ethylene from sustainable ethanol in Chemelot Industrial Park, Geleen, Netherlands. With an annual production capacity in the range of 100,000 tonnes, this renewable ethanol-to-ethylene production plant would be a first in Europe, paving the way for a more sustainable way of producing … 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
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