BASF Acquires Crop Protection Technology from AgriMetis

BASF Agricultural Solutions acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis, an industry leader in biotechnological innovations for crop protection. With this technology, BASF will provide farmers with a more efficient solution and improved formulation to protect against troublesome weeds. “The Glu-L technology builds on BASF’s continued commitment to innovative solutions that help … Read more BASF Acquires Crop Protection Technology from AgriMetis

Braskem’s new La Porte Polypropylene Plant begins Commercial Production

Braskem, a Brazilian petrochemical producer said on September 10th that the company’s 450,000 metric tons per year polypropylene plant in LaPorte, Texas, along the Houston Ship Channel completed its initial commercial production. “The launch of commercial production at our new world-class polypropylene production line in La Porte clearly affirms Braskem’s position as the North American … Read more Braskem’s new La Porte Polypropylene Plant begins Commercial Production

DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

DuPont announced it has divested its trichlorosilane (TCS) business and its equity interest in the Hemlock Semiconductor joint venture to Hemlock for $725 million. The deal has received regulatory approval and was closed at signing. Dupont owned 40.25% stake in Hemlock JV before signing of this deal. DuPont received pre-tax cash proceeds of $550 million … Read more DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

Synthetic Biology Startup Zymergen Raises $300 Million in Funding

Zymergen, a developer of biomanufacturing technologies that could reshape any number of industries, said it has raised $300 million in funding. The investment, announced on Tuesday, was led by Baillie Gifford & Co., the U.K.-based funds giant, with participation from Baron Capital Inc. and a sovereign wealth fund that declined to be identified, said Josh … Read more Synthetic Biology Startup Zymergen Raises $300 Million in Funding

Johnson Matthey, KBR Sign Strategic Alliance for Ammonia-Methanol Coproduction Process

Johnson Matthey (JM), (London, UK), a leader in sustainable technologies, and KBR, (Houston, USA) announced that they have signed a global strategic alliance agreement to license a ground-breaking ammonia-methanol coproduction process that combines the company’s market leading ammonia and methanol process technologies. Under the collaboration the JM and KBR coproduction process makes the most of … Read more Johnson Matthey, KBR Sign Strategic Alliance for Ammonia-Methanol Coproduction Process

Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

Sun Chemical and its parent company, DIC Corporation, have acquired Seller Ink Industria e Comércio de Tintas e Vernizes Ltda., a specialty inks and coatings manufacturer based in São Paulo, Brazil. With over 25 years of experience, Seller Ink has a strong market presence in both the security ink and the metal decorating markets. With … Read more Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

Air Liquide Announces $160 Million Upgrade Plan to Aid Eastman Expansion

Air Liquide announces a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas supporting Eastman’s growth and production in Longview, Texas. Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX). With … Read more Air Liquide Announces $160 Million Upgrade Plan to Aid Eastman Expansion

Dow Reports No Major Damage from Hurricane Laura

Dow, one of the largest chemical producers in the world, issued a statement that its sites along the U.S. Gulf Coast reported no major damage from Hurricane Laura. “Dow has robust weather preparedness plans and began implementing them as Hurricane Laura approached,” Dow said in a statement. Dow’s sites in Sabine, Beaumont, Deer Park, La … Read more Dow Reports No Major Damage from Hurricane Laura

Evonik to Acquire Porocel for $210 Million to Grow Catalyst Business

Evonik is acquiring the Porocel Group, a catalyst rejuvenation firm, for US$210 million to accelerate the growth of its catalysts business. The purchase price (enterprise value) is 9.1 times adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2019, which is an attractive valuation for a high-quality asset in the catalyst sector. The transaction … Read more Evonik to Acquire Porocel for $210 Million to Grow Catalyst Business

Chemetry and Braskem to Build Ethylene Dichloride Plant

Chemetry and Braskem will construct and operate a Demonstration Plant using Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC) in Brazil. The eShuttle technology has been pioneered in Chemetry’s laboratories and fully integrated pilot plant in Moss Landing, California. The eShuttle EDC Process uses a unique metal halide ion process to produce high … Read more Chemetry and Braskem to Build Ethylene Dichloride Plant

Sasol Updates on the Progress of Lake Charles Chemicals Project (LCCP)

The Lake Charles Chemicals Project (LCCP) continued operations with its exceptional safety record with a recordable case rate (RCR) of 0.11, according to the Company.   After the ethoxylates (ETO) expansion achieved beneficial operation in January 2020, the alcohol expansion and the alumina expansion, as well as the new Guerbet unit, achieved beneficial operation in … Read more Sasol Updates on the Progress of Lake Charles Chemicals Project (LCCP)

Nouryon to Build Expandable Microspheres Plant in the US

Nouryon has selected Green Bay, Wisconsin, US as the location for a new facility to produce its Expancel expandable microspheres. The expansion project, which was announced last year, strengthens the company’s position in expandable microspheres, which are used to make customers’ end products lighter and reduce costs. “This new plant will meet the fast-growing demand … Read more Nouryon to Build Expandable Microspheres Plant in the US

UPL Opens New R&D Center in North Carolina

UPL Ltd. announced the opening of a new, state-of-the-art research and development hub in Research Triangle Park, NC, USA. The OpenAg Center, located in the Alexandria Center for AgTech – Research Triangle at 5 Laboratory Drive, will enable UPL to leverage its advanced R&D capabilities in partnership with other innovation based companies to characterize, develop … Read more UPL Opens New R&D Center in North Carolina

Hanwha Group Bids for 50% Stake in Sasol’s Ethane Cracking Center

Hanwha Group is seeking to acquire a 50% in an ethane cracking center (ECC) of Sasol’s Lake Charles complex in Louisiana, according to a Business Korea report. The acquisition is estimated to cost around 3.4 billion, according to industry sources. Hanwha Group has reinforced its financial power with support from local financial firms. Hanwha Solutions … Read more Hanwha Group Bids for 50% Stake in Sasol’s Ethane Cracking Center

SK Capital to Acquire the Specialty Polymers Business from Baker Hughes

Funds advised by SK Capital Partners, LP a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced it has signed a definitive agreement to acquire the specialty polymers business from Baker Hughes. The financial terms of the deal have not been disclosed. The specialty polymers business, with manufacturing operations in Barnsdall, … Read more SK Capital to Acquire the Specialty Polymers Business from Baker Hughes

SK Capital Buys Majority Stake in Techmer PM

SK Capital, which manages a growing portfolio of companies focused on the specialty materials, chemicals, and pharmaceuticals sectors, has acquired a majority interest in Techmer PM LLC, a designer and producer of engineered compounds and colour and additive concentrates for the plastics and fibre industries. The financial terms of the deal have not been disclosed. … Read more SK Capital Buys Majority Stake in Techmer PM

Air Liquide to Invest $100M for Gas Supply to SDI in Texas

Air Liquide has signed a long-term agreement with Steel Dynamics, Inc. (SDI), one of the largest steel producers and metals recyclers in the United States, to supply gaseous oxygen, nitrogen, and argon to SDI’s new Electric Arc Furnace (EAF) steel mill in Sinton, Texas. To support the new agreement, Air Liquide plans to invest over … Read more Air Liquide to Invest $100M for Gas Supply to SDI in Texas

Maroon Group Acquires Holland Chemicals

Maroon Group LLC has acquired Holland Chemicals, a value-added distributor of specialty chemicals and ingredients to the personal care, household & industrial cleaning, food, and industrial markets. Holland Chemicals’ management team, led by Jonathon Rhodes, will continue to actively manage the business on a day-to-day basis. The addition of Holland Chemicals (Burr Ridge, Illinois) marks … Read more Maroon Group Acquires Holland Chemicals

PolyOne Completes Clariant Masterbatch Acquisition

PolyOne Corporation, a leading global provider of specialized polymer solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd.  PolyOne also announced that it has changed its name and will now be called Avient. “We proudly welcome our newest associates and valued customers from Clariant Masterbatch.  They are … Read more PolyOne Completes Clariant Masterbatch Acquisition

Nova Chemicals to Restart Construction at Corunna site in Ontario – COVID-19

Nova Chemicals is resuming construction activities at its new polyethylene plant and the cracker expansion project in a phased manner. The company said it has slowly increased the number of employees engaged in the construction of the Corunna site starting Thursday, April 16. Late last month Nova Chemicals announced that most of the construction workers … Read more Nova Chemicals to Restart Construction at Corunna site in Ontario – COVID-19