Orica to acquire mining chemicals company Cyanco for $640m

Orica, an Australian chemicals company, has agreed to fully acquire Cyanco Intermediate (Cyanco) from an affiliate of Cerberus Capital Management for a total of $640m.  Cyano is a US-based manufacturer and distributor of sodium cyanide, primarily serves the gold mining industries in the US, Canada, Mexico, Latin America, and Africa. The company operates production facilities … Read more

Lake Charles Methanol plans to build $3.2 bn plant

Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. The company plans to use advanced auto thermal gas reforming technology and employ carbon capture and secure geologic storage to produce low-carbon hydrogen … Read more

Dow announces completion of inaugural green bond offering

The Dow Chemical Company, a wholly owned subsidiary of Dow, announced the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054.  The notes represent the Company’s inaugural green financing instrument, in alignment with Dow’s Green Finance Framework published on our website on January 25, … Read more

Kemira completes the divestment of its Oil & Gas related portfolio

Kemira has completed the divestment of its Oil & Gas related portfolio to Sterling Specialty Chemicals LLC, a US subsidiary of Artek Group, a global industrial chemicals group based in India. The divestment was announced on December 4, 2023.  The transaction enables Kemira to focus on its core businesses and accelerate its profitable growth strategy … Read more

Evonik expands silica capacity in US site in Charleston

Charleston, USA. Evonik, one of the world’s leading silica producers, invests in a plant expansion for precipitated silica at its site in Charleston, USA. The new line in South Carolina is satisfying the high demand in particular from the tire industry in North America and makes the supply chains of Evonik partners in the region resilient … Read more

Arsenal acquires majority stake in Polycorp

Arsenal Capital Partners , a private equity firm that specializes in investments in industrial and healthcare companies, announced that it has completed a majority investment in Polycorp Ltd., a leading manufacturer of engineered elastomer solutions. The terms of the transaction were not disclosed.   Polycorp is headquartered in Elora, Ontario, and employs approximately 250 full-time … Read more

Solenis to expand with new production facility in Virginia

Solenis, a leading global producer of specialty chemicals for water-intensive industries, will invest $193 million to expand its operation in the City of Suffolk, Virginia. The company will build a new 80,000-square-foot production facility, packaging facility and tank farm, and add a new rail spur to accommodate production of polyvinylamine (PVAm) polymer products, which are … Read more

PPG is considering the potential divestiture of its precipitated silica business

PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, announced that it has engaged Morgan Stanley & Co. LLC as financial advisor to assist in a review of strategic alternatives for its silica products business.  PPG’s silica products business, which operates within the company’s specialty coatings and materials strategic business unit, manufactures … Read more

Usalco acquires Brenntag Southwest coagulants business

USALCO, LLC, a leading provider of water treatment solutions for municipal and commercial customers, announced that it has acquired the coagulant manufacturing business of Brenntag Southwest, Inc.  Brenntag’s coagulants business is based in Houston, TX, and serves a diverse group of municipal and commercial water treatment customers in Texas, a key growth region for USALCO. … Read more

PQ plans to install sodium silicates furnace at Georgia site

PQ LLC., a leading global producer of sodium silicates, specialty silicas, and derivative products, announced plans to expand its existing Augusta, Georgia-based manufacturing facility with an on-site sodium silicate furnace.  The new, high-efficiency furnace will significantly increase PQ’s production capabilities in the Southeastern United States as well as enhance its broader silicate supply network. The … Read more

OCI Global Announces Agreement for the Sale of IFCO to Koch

OCI Global, a leading global producer and distributor of hydrogen products announced that it has reached an agreement for the sale of 100% of its indirect interest in its large-scale US greenfield nitrogen fertilizer facility Iowa Fertilizer Company LLC, located in Wever, Iowa, USA  to Koch Ag & Energy Solutions for a total consideration of … Read more

INEOS acquires LyondellBasell EO business for $700M

INEOS has announced an agreement with LyondellBasell to buy its Ethylene Oxide (EO) and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant and the 165kt Glycol Ethers plant together with all associated third-party business on the site, for $700 million.  … Read more

Chevron announces $16 billion 2024 CapEx budget

Chevron Corporation has announced an expected organic capital expenditure range of US$15.5 – US$16.5 billion for consolidated subsidiaries (CAPEX) and an affiliate capital expenditure (affiliate CAPEX) budget of approximately US$3 billion for 2024.  Upstream spending in 2024 is expected to be about US$14 billion. Of this planned expenditure, two thirds is allocated to the United … Read more

NewMarket to acquire additives maker American Pacific for $700 million

NewMarket Corporation announced its entry into a definitive purchase agreement to acquire AMPAC Intermediate Holdings, LLC, the ultimate parent company of American Pacific Corporation (AMPAC), for approximately $700 million.  Based in Cedar City, Utah, AMPAC is the leading North American manufacturer of critical performance additives used in solid rocket motors for space launch and military … Read more

Paladin Holdings acquires industrial cleaning chemicals firm Texize

Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Texize, Inc. of Greenville, SC. Texize is a leading regional manufacturer of industrial and commercial soaps, detergents, and other associated cleaning products.  “We are very pleased to welcome Texize to the Paladin Holdings portfolio,” said Andrew Fulford, Managing Partner of Makai Capital Partners. “Texize has … Read more

Dow’s Board of Directors approves Net-zero Cracker in Canada

Dow announced that its board of directors has declared Final Investment Decision on the Company’s Fort Saskatchewan Path2Zero investment to build the world’s first net-zeroi Scope 1 and 2 emissionsii integrated ethylene cracker and derivatives facility in Alberta, Canada.   Aerial photograph of Dow, Inc.’s manufacturing site in Fort Saskatchewan, Alberta, Canada  The $6.5 billion project, excluding governmental incentives and subsidies, includes … Read more

Brenntag Acquires North American NaOH Distributor, OWI Chlor Alkali

Brenntag, the global market leader in chemicals and ingredients distribution, today announced the acquisition of OWI Chlor Alkali (Old World Specialty Chemicals, LLC, and Old World Logistics, LLC) from Old World Industries, LLC in Northbrook, Illinois. The business units will be integrated into Brenntag Essentials’ existing network in North America, significantly expanding Brenntag Essentials’ local … Read more

Orbia and Solvay Seal JV for North American PVDF Production for Li-ion Batteries 

Orbia’s Fluorinated Solutions business and Solvay have signed their joint venture agreement to create the largest polyvinylidene fluoride (PVDF) production facilities for battery materials in the North America region. This partnership brings security of supply with Inflation Reduction Act (IRA) compliant materials and leading-edge PVDF technology together for solutions that are critical to the North … Read more

LyondellBasell acquires 25% stake in Cyclyx JV

Cyclyx International, a joint venture between Agilyx and ExxonMobil, announces LyondellBasell has acquired 25% equity ownership of the joint venture (JV). LyondellBasell joining Cyclyx, which was formed in December 2020, further accelerates innovation and development of the necessary infrastructure for a nationwide circular economy for plastics. “Investing in plastic waste value chain experts such as … Read more

Air Liquide to invest 140 Mn Euros in low-carbon industrial gas platform in Quebec

Through an investment of more than 140 million euros (more than 200 million Canadian dollars), Air Liquide announced that it will establish in Bécancour, Québec (Canada), a breakthrough platform supplying low-carbon industrial gases including hydrogen, oxygen, nitrogen, and argon. In addition to the Group’s 20 MW PEM electrolyzer, currently the world’s largest in operation, the … Read more