Encina, Flint Hills to Build Renewable Aromatics Manufacturing Plant in Corpus Christi

Encina Development Group and Flint Hills Resources, a Koch Industries company, have signed a non-binding term sheet for manufacturing renewable chemicals and fuels from waste plastic. The term sheet contemplates that the parties may enter into a definitive agreement that includes building a waste plastic to renewable chemicals and renewable fuels plant in Corpus Christi, … Read more

LANXESS to Acquire US-based Emerald Kalama Chemical

Specialty chemicals company LANXESS signed a binding agreement to acquire 100% shares in Emerald Kalama Chemical on February 14, 2021. Emerald Kalama is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. The enterprise value of Emerald Kalama … Read more

Shell to Grow its Chemicals Business as part of its Transition Strategy

Shell committed to expanding its chemical business on Thursday, setting targets for the division as it moves the company towards net carbon neutrality. In a strategy update, the company’s CEO Ben van Beurden laid out targets to increase cash generation from chemicals by $1-2 billion per year and reduce exposure to commodity chemicals by around … Read more

ExxonMobil Launches Low Carbon Solutions Business Unit

ExxonMobil has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement. ExxonMobil Low Carbon Solutions is advancing plans … Read more

Air Liquide Inaugurates Low-Carbon Hydrogen Production Unit in Canada

Air Liquide has completed the construction of the world’s largest PEM (Proton Exchange Membrane) electrolyzer in Bécancour, Québec, Canada. Supplied with renewable energy, this unit is now producing up to 8.2 tonnes per day of low-carbon hydrogen. With this large-scale investment, the Group confirms its long-term commitment to the hydrogen energy markets and its ambition … Read more

Shintech Invests $1.3B to Increase Capacity at Plastics Plants

Shintech Louisiana LLC announced that the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge, Louisiana. The company, which manufactures polyvinyl chloride resins, or PVC, says will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at … Read more

Shell to Acquire Stake in Enerkem’s Renewable Chemicals and Biofuels Plant

Shell will take a 40% interest in a waste-to-fuels plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. The approximately C$875 million (US$686 million) commercial-scale facility will be constructed in Varennes, Québec, and will produce low-carbon fuels and renewable … Read more

PPG to Acquire Finland’s Paint Producer Tikkurila for $1.35 billion

PPG Industries has entered into a definitive agreement to acquire Finland’s Tikkurila at €25 a share or for about €1.1 billion ($1.35 billion) in cash. The acquisition cost includes assumption of debt and cash, PPG said in a statement on Friday. The transaction is expected to close in the second quarter of 2021. “The combination … Read more

BASF Completes First Phase of MDI Synthesis Unit at Geismar, Louisiana

BASF SE announced that the implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for production facilities at the company’s Verbund site in Geismar, Louisiana, is progressing on schedule. Over time, BASF targets to double the capacity from 300,000 metric tons per year to approximately 600,000 metric tons per year. With this stepwise capacity … Read more

Trinseo to Acquire Arkema’s PMMA Business for $1.36 billion

Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, has entered into a binding agreement to purchase Arkema’s polymethyl methacrylates (PMMA) and activated methyl methacrylates (MMA) businesses, the company announced Monday. The transaction is valued at €1.137 billion (~$1.36 billion). “This acquisition will be a catalyst for portfolio transformation toward … Read more

Huntsman to Acquire Gabriel Performance Products

Huntsman Corp. announced its agreement to acquire Gabriel Performance Products from funds owned by Audax Private Equity. Under the terms of the agreement, Huntsman will pay $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel is a North American specialty chemical manufacturer of specialty additives and epoxy curing … Read more

Arkema Completes Acquisition of Colorado Photopolymer Solutions

Arkema has completed the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of photopolymer formulation services. The deal was completed earlier this month. The financial terms of the deal have not been disclosed. CPS is a developer and marketer of value-added, formulated photopolymer resin solutions for energy curing technology, especially for three-dimensional (3D) printing … Read more

PPG to Acquire Transportation Coatings Firm Ennis-Flint for $1.15 Billion

PPG Industries has entered into a definitive agreement to purchase coatings manufacturer Ennis-Flint for $1.15 billion, adding a range of pavement marking products, including paint and thermoplastics, to its portfolio. “The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,” Michael McGarry, chairman and chief … Read more

LyondellBasell Buys $2-billion Stake in Sasol’s Lake Charles Base Chemicals Unit

Update: Sasol said on Wednesday its Lake Charles base chemicals unit joint venture (JV) with LyondellBasell Industries had been established, following closure of the deal on December 1. The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants and associated infrastructure. According to the agreement signed in … Read more

Nexus Fuels, Shell Sign Supply Deal for Plastic Liquid Feedstock to Produce Chemicals

Nexus Fuels LLC (Nexus) and Shell announced a supply agreement, for 60,000 tonnes over four years, of pyrolysis liquid made from plastic waste, which is then converted into chemical products. Nexus, a leader in plastic waste molecular recycling, will supply fully circular, ISCC Plus-certified product from its plant in Atlanta. This enhanced collaboration follows a … Read more

Final LDPE Unit at Sasol’s Lake Charles Complex Reaches Beneficial Operation

Sasol’s low-density polyethylene (LDPE) unit at the Lake Charles Chemicals Complex (LCCP) at Louisiana, USA, reached beneficial operation on November 15. The LDPE unit is the seventh and final LCCP unit to come on line. The LCCP is now 100% complete with total capital expenditure forecast to be within the previously communicated guidance of $12.8-billion. … Read more

Evonik Completes Acquisition of Porocel

Evonik announced that the company completed the acquisition of desulfurization catalyst rejuvenation firm, Porocel Group for US$ 210 million, as planned. Porocel’s global activities in the field of desulfurization catalyst rejuvenation, sulfur recovery catalysts, and alumina-based purification adsorbents represent an expansion of Evonik’s catalyst portfolio. Evonik is integrating the company into the Smart Materials Business … Read more

Solvay Renews Materials Deal with Boeing

Solvay announced that the company has been awarded a new long-term enterprise agreement for composites and adhesives by Boeing. Solvay provides material solutions across all commercial and defense programs at Boeing for applications including primary and secondary structures, interiors and surfacing. Solvay supplies Boeing with a large portfolio of advanced materials including thermoset and thermoplastic … Read more

Univar, PVS Chloralkali Announce New Hydrochloric Acid Agreement

Univar Solutions Inc. and PVS Chloralkali Inc., a wholly owned subsidiary of PVS Chemicals Inc. (PVS), announced a new agreement where PVS will transfer railcars located in Ohio, Illinois and Virginia and sourcing agreements for Hydrochloric Acid (HCL) to Univar Solutions. “This agreement further expands Univar Solutions’ large and robust network for its HCL business … Read more

Celanese to Expand GUR Polyethylene Production Capacity at Texas Facility

Celanese has announced the ‘addition of a new GUR ultra-high molecular weight polyethylene production line (UHMW-PE)’ at its Bishop manufacturing complex in Texas, US. The expansion is expected to support significant growth of the company’s portfolio of GUR engineered materials. “Electric vehicle demand is expected to have a compounded annual growth rate of greater than … Read more