UPL Ltd, an Indian agrochemical company said it has entered into definitive agreements to acquire a majority stake in Yoloo Laoting Bio-technology Co. Ltd, an agrochemical firm based in China’s Heibei province, from Beijing Yoloo Bio-Technology Corp. Ltd. UPL will own 75% stake in Yoloo Laoting for RMB 93.33 million ($13.3 million). The remaining 25% … Read moreUPL to Acquire Chinese Agrochemical Company
Celanese Corporation, a global chemical and specialty materials company, and Beijing Oriental Yuhong Waterproof Technology Co., Ltd., announced they have signed a comprehensive strategic cooperation and development agreement. The agreement aims to further expand cooperation in product research and development, expansion into emerging markets, and the advancement of industry, safety and environmental protection practices and … Read moreCelanese Signs Strategic Agreement with Chinese Firm on R&D
ADNOC (Abu Dhabi National Oil Co.) said Tuesday it signed an agreement with China’s Rongsheng Petrochemicals Co. to explore local and international opportunities which will support the delivery of its 2030 smart growth strategy. Both companies will look into opportunities for ADNOC’s sale of refined products to Rongsheng, downstream investments in both China and the … Read moreADNOC Signs Framework Agreement with China’s Rongsheng Petrochemical
LG Chem announced on Thursday it has opened a technical service and development center in Osan, Gyeonggi Province, marking the country’s largest petrochemical technology center. The company invested 110 billion won ($94.8 million) in establishing the center, it said. The petrochemical tech center is part of LG Chem’s plan to boost its competitiveness in the … Read moreLG Chem Opens New Petchem Technology Center in South Korea
SIBUR and Tatneft have closed the sale and purchase of certain production and other assets that to date have been registered in the name of Sibur Togliatti and Togliattisintez legal entities. After the deal, Tatneft intends to further develop the acquired assets in line with its gas and petrochemical strategy, while SIBUR will concentrate efforts … Read moreSibur Closes Sale of Petchem Units Based in Togliatti, Russia to Tatneft
Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020. The cathode materials will be supplied from Umicore plants in different regions with the majority of volumes initially produced in Korea. A vast portion of … Read moreUmicore Announces Cathode Materials Supply Deal with Samsung SDI
LyondellBasell announced that Ulsan PP Co., Ltd., a joint venture between PolyMirae Company Ltd, a 50-50 partnership of LyondellBasell and Daelim, and SK Advanced broke ground in the southeastern port city of Ulsan, South Korea. This new plant will utilize LyondellBasell’s world leading fifth generation Spheripol technology and is expected to begin production in May … Read moreUlsan PP Breaks Ground on New Polypropylene Plant in South Korea
BP and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) have signed a memorandum of understanding (MOU) to explore the creation of a new equally-owned joint venture to build and operate a 1 million tonne per annum (tpa) acetic acid plant in eastern China. A proposed plant in Zhoushan, Zhejiang Province would produce acetic acid – … Read moreBP Signs MoU with ZPCC to Build 1 MMt Acetic Acid Plant in China
Solvay has started the operation of its new Veradel PESU (polyethersulfone) line at its plant in Panoli, India. Solvay is raising capacity to address significant demand mainly from the Healthcare and Water Treatment industries, for this high-performance thermoplastic material. This capacity increase is a part of Solvay’s plan, announced in 2017, to raise sulfone polymers … Read moreSolvay’s New Polyethersulfone Unit in India Comes On-stream
Toray Industries, Inc., announced on Thursday that Toray Industries (India) Private Limited began manufacturing polyamide (PA) and polybutylene terephthalate (PBT) at a new facility in September. PA and PBT resins offer outstanding toughness and resistance to heat and chemicals. Key applications include components for automotive and electrical and electronic. This first Indian plastic compounding unit … Read moreToray Starts Manufacturing Resin Compounds in India
Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company. With this transaction, which has approximately €70 million ($86 million) impact on the net debt, the Group will support the growth of its customers in … Read moreArkema Completes the Acquisition of its Partner’s Stake in Sunke
A major fire broke out at the naphtha cracker unit of the Haldia Petrochemicals Limited here on Friday injuring 15 people, reported Business Today with reference to a senior police officer’s statement. The fire broke out when a naphtha pipe line exploded during repair at the naphtha cracker unit. The fire was brought under control … Read moreFire broke out at Haldia Petrochemical’s Naphtha Cracker in West Bengal, India
SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production. The MoU was signed at the meeting between the Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang in St Petersburg. … Read moreSIBUR and Sinopec Sign MoU to set up Nitrile Rubber JV
The Sarawak Petchem Sdn Bhd-owned methanol plant project’s ground breaking ceremony was held on Wednesday. The project is estimated to cost over RM 8 billion ($2 billion). The plant, which will have a production capacity of about 1.7 million tonnes per annum, will receive 160 million standard cubic feet per day of natural gas feedstock … Read moreSarawak Petchem Breaks Ground for Methanol Plant
DuPont Electronics & Imaging (E&I) has signed an agreement with SK Siltron to sell its Compound Semiconductor Solutions (CSS) business, which makes materials for electric motors. The $450 million sale to SK Siltron, based in South Korea, is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction … Read moreDuPont Sells Semiconductor Business for $450 Million
Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd., to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park, Lianyungang City, Jiangsu Province, China. Air Products will own 80 percent of the JV, and Debang Group will own 20 percent. The JV will own and operate … Read moreAir Products to Form JV with Debang Group to Operate Syngas Project in China
Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates … Read moreSika Acquires Chinese Silicones Seals Manufacturer
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world announced it has signed a Memorandum of Understanding (MoU) to expand in China through a Joint Venture (JV) with the Liaoning Bora Enterprise Group (Bora). “China is the largest, fastest growing market in the world for our core products,” said Bob Patel, … Read moreLyondellBasell Signs MOU with Bora for Expansion in China
Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the merger of Excel Crop Care Limited (‘ECC’) with itself (SCIL). The aforementioned merger process has been successfully … Read moreSumitomo Chemical Completes Merger of ECC with SCIL
BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion ($1.27 billion). The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant … Read moreDIC to Acquire BASF’s Global Pigments Business