Air Products Announces $4.5 Billion Blue Hydrogen Complex in Louisiana

Air Products has announed a $4.5 billion blue hydrogen clean energy complex in Eastern Louisiana, the company’s largest-ever Investment in the US. Air Products will build, own and operate the megaproject, which will produce over 750 million standard cubic feet per day (MMSCFD) of blue hydrogen in Ascension Parish, Louisiana. ‘Blue’ products are produced utilising … Read more

ExxonMobil to Build Its First Large-Scale Plastic Waste Advanced Recycling Facility

ExxonMobil plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas, and is expected to start operations by year-end 2022. By recycling plastic waste back into raw materials that can be used to make plastic and other valuable products, the technology could help address the challenge of plastic waste in the … Read more

Clariant, Linde Co-develop Novel Catalysts for Ethylene Production

Clariant Catalyts has teamed up with Linde Engineering to develop new catalysts for the oxidative de-hydrogenation of ethane (ODH-E), an innovative, low-emissions catalytic technology for the production of ethylene. The novel catalyst is a step change in selectivity and productivity, now making ethylene production via ODH-E commercially feasible. Clariant’s ODH catalysts are available exclusively for … Read more

Dow to Build World’s First Net-Zero Carbon Emissions Ethylene and Derivatives Complex

Dow announced its plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site with respect to scope 1 and 2 carbon dioxide emissions. The project would more than triple Dow’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site, while retrofitting the site’s existing assets to net-zero carbon emissions. … Read more

Verdant Specialty Solutions Expands Surfactants Portfolio with the Acquisition of Baze Chemical

Verdant Specialty Solutions, a global specialty chemical company, announced the acquisition of Baze Chemical. Baze is an ethoxylate specialty chemical company based in Odessa, Texas, serving customers in the oil and gas production, water treatment, and mining industries. Baze was acquired from its founder, Mr. Curtis Baze. Terms of the acquisition were not disclosed. Through … Read more

Epsilyte Acquires StyroChem to Expand Capacity and Customer Solutions

Epsilyte Holdings LLC, a leading provider of advanced materials has acquired StyroChem Canada, Ltd., a leading North American producer of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec, from PMC Capital Partners, LLC.  Details of the transaction were not announced. Epsilyte is owned by Balmoral Funds and management. This acquisition creates one of the largest … Read more

Hexion Holdings to Launch IPO, Spinoff Epoxy Business

Hexion Holdings Corporation today announced its plan to separate into two independent companies through an IPO and spinoff of its epoxy business. The two companies will be Hexion Holdings, composed of the Company’s Adhesives and Versatic Acids and Derivatives product lines, and Hexion Coatings and Composites (US) Inc. (HCC), composed of Hexion Holdings’ former epoxy-based … Read more

DL Chem Seals $2.5 Billion Acquisition of US Chemical Maker Kraton

DL Chemical Co., South Korea’s leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion, taking a step closer to its goal of becoming one of the world’s top 20 chemicals companies. DL Chemical, formerly known as Daelim Industrial Co., has signed a definitive agreement to buy 100% of the US-listed company … Read more

Origin Materials Announces New Partnership with Alliance to End Plastic Waste

Origin Materials, Inc., the world’s leading carbon negative materials company, announced it has joined the Alliance to End Plastic Waste, a global non-profit organization. Members of the Alliance include industry leaders across the plastics value chain, working towards a common goal of developing, deploying and scaling solutions to end plastic waste in the environment. As … Read more

Huntsman announces Specialty Amines Expansion Project

Huntsman Corp. announced that its Performance Products division has completed the initial phases of a project to expand and widen its portfolio of E-GRADE specialty amines at its Conroe, Texas facility. These specialty amines also include quaternary amine alternatives to tetramethylammonium hydrox-ide (TMAH) and related products. The new facility is expected to be completed and … Read more

Private Equity Firm makes $4.3 Billion Offer to Buy Tronox

Apollo Global Management Inc, a private equity firm has approached pigment manufacturer Tronox Holdings Plc, with a $4.3 billion all-cash offer, according to a news report by Reuters. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox. The pigment manufacturer has hired advisers to consider the bid and has yet to decide on … Read more

Mitsubishi Corporation and Shell sign MoU to Collaborate on Hydrogen Plans in Canada

Mitsubishi Corporation and Shell Canada have signed a Memorandum of Understanding relating to the production of low-carbon hydrogen through the use of carbon capture and storage (CCS) near Edmonton, Canada. Mitsubishi aims to build and start-up the low-carbon hydrogen facility near the Shell Energy and Chemicals Park Scotford towards the latter half of this decade, … Read more

LyondellBasell Considers Sale of Houston Refinery

LyondellBasell announced it is weighing strategic options for its Gulf Coast-based Refining Segment, including a potential sale. “While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system,” said Bob Patel, CEO of LyondellBasell. “To that end, … Read more

Polytek Acquires Specialty Resin & Chemical

Polytek Development Corp., a manufacturer of specialty polymers, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners. Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and … Read more

PPG Reports Worsening Supply Disruptions, Customer Parts Shortages

PPG announced that it expects sales volumes in the third quarter 2021 will be lower by $225 million to $275 million, compared to what the company anticipated at the start of the third quarter. PPG’s sales volumes are being impacted by the increasing disruptions in commodity supplies; further reductions in customer production due to certain … Read more

DSM to acquire First Choice Ingredients for $453 Million

Royal DSM announced signing an agreement to acquire First Choice Ingredients, a leading supplier of dairy-based savory flavorings for an enterprise value of US$453 million. This transaction represents an EV/EBITDA multiple of 19.8x based on the estimated 2021 Adjusted EBITDA. The estimated 2021 sales amount to about US$75 million. With headquarters in Germantown (WI, USA) … Read more

Arkema Acquires Ashland’s Performance Adhesives business for $1.65 Billion

Arkema S.A. signed an agreement related to the acquisition of Ashland Global Holdings Inc.’s Performance Adhesives business for $1.65 billion. The company said that the acquisition is perfectly aligned with the Group’s ambition to become a pure Specialty Materials player by 2024. With estimated sales of around $360 million and an estimated EBITDA at a … Read more

LANXESS Plans $1.3 Billion Acquisition of IIF’s Microbial Control Business

LANXESS AG announced it plans to acquire the microbial control business from New York-based International Flavors & Fragrances (IFF) in a deal valued at $1.3 billion. According to a company press release, LANXESS expects the deal to be completed in the second quarter of 2022 following approval from regulators. It will be Lanxess’s second-largest acquisition … Read more

Indorama Ventures to Acquire Oxiteno for $1.3 Billion

Indorama Ventures Public Company Limited (IVL) agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business. Oxiteno is a leading integrated surfactants producer, catering to highly attractive end-use markets … Read more