Proman has signed an MoU with Mitsubishi Corporation to explore building a world-scale ultra-low-carbon ammonia facility in Lake Charles, Louisiana. The proposed plant would produce approximately 1.2 million tonnes per year of clean ammonia by incorporating state-of-the-art carbon capture and sequestration technology. The proposed ultra low-carbon ammonia facility will be located on Proman’s existing site … Read more
Tokyo-based INPEX Corporation, Paris-based Air Liquide Group, Oklahoma City-based LSB Industries, Inc., and Houston-based Vopak Moda Houston LLC have agreed to collaborate on the pre-FEED for the development of a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel. If the development proceeds, the project’s first phase is targeted to produce more … Read more
Solenis, a leading global producer of specialty chemicals for water-intensive industries, completed the acquisition of CedarChem LLC on October 2, 2023. As part of the acquisition, Solenis will acquire all CedarChem operating assets. Headquartered in Cedartown, Georgia, CedarChem offers a full suite of water and wastewater treatment products for industrial and municipal markets, primarily in … Read more
Baystar (Bayport Polymers LLC) launches a new era in high-performance polyethylene (PE) production and enhanced sustainability with the start-up of its new Bay 3 polyethylene unit. The new unit is the first of its kind in North America, bringing proprietary Borstar technology from Borealis and more than doubling Baystar’s production capacity in Pasadena, TX. New … Read more
TPC Group has announced that it has completed the initial phase of its di-isobutylene (DIB) capacity upgrade to supply the growing global demand for DIB driven by the adoption of low global warming potential refrigerants. These next-generation refrigerants are mandated by the Kigali Amendment to the United Nations’ Montreal Protocol, which is estimated to reduce … Read more
Eastman Chemical Company announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain … Read more
Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection, and other industries, announced that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV. The plant has approximately 60 employees. … Read more
Huntsman Corporation (NYSE: HUN) announced construction has commenced on the 30-ton MIRALON® carbon nanotube materials plant, originally announced at Huntsman’s 2021 Investor Day event. The new plant, which converts methane gas to carbon nanotubes and clean-burning hydrogen, will be one of the largest of its kind in the Americas. It represents a major step forward in … Read more
Cinis Fertilizer AB has signed an agreement with Ascend Elements, Inc., a leading American manufacturer of engineered battery materials. The agreement pertains sourcing of sodium sulphate, an input for Cinis Fertilizer’s production of environmentally friendly mineral fertilizer. This agreement and collaboration with K+S Minerals and Agriculture GmbH, a global potash player and Europe’s largest salt … Read more
ExxonMobil announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities. “With the startup of these two new lines, ExxonMobil is delivering high-value materials for a … Read more
Euclid Chemical, a leading manufacturer of concrete and masonry construction products, has announced the opening of a new admixture plant in Calgary, Alberta. This facility will enable the company to better serve its customers in the region by providing high-quality admixture solutions that meet their needs. Positioned in a prime location with access to nearby … Read more
DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions … Read more
ICL, a leading global specialty minerals company, celebrated the groundbreaking of its battery materials manufacturing plant in St. Louis, which is expected to be the first large-scale lithium iron phosphate (LFP) facility in the U.S. The $400 million facility is planned to be operational by 2025 and will help meet growing demand from the energy … Read more
DuPont announced that it has completed the previously announced acquisition of Spectrum Plastics Group, a recognized leader in specialty medical devices and components markets. “I am pleased to welcome our talented Spectrum colleagues to DuPont,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. “We are excited to add Spectrum’s best-in-class advanced manufacturing capabilities, … Read more
Chase Corporation, a prominent global manufacturer of protective materials for high-reliability applications, has recently disclosed that it is set to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm. The all-cash transaction, which includes the assumption of debt, is valued at approximately $1.3 billion. Under the terms of … Read more
Hy2gen, a leading company in the renewable energy sector, has recently unveiled its ambitious plans to construct a state-of-the-art renewable ammonia production facility in Campeche, Mexico. With a massive capacity of 200MW, the plant, known as the Marengo project, aims to generate an impressive annual output of 180,000 tonnes of renewable ammonia. The primary target … Read more
Toray Industries, Inc. announced plans to increase regular tow carbon fiber production capacity at two facilities. Capital investments will add lines to the Spartanburg plant in South Carolina, USA of Toray Composite Materials America, Inc., and the Gumi plant in Gyeongsangbuk-do, Korea of Toray Advanced Materials Korea Inc. These investments will increase the Toray Group’s … Read more
Gelest, Inc., a Mitsubishi Chemical Group company, recently commenced the construction of a new production facility at its global headquarters in Morrisville, PA. The groundbreaking ceremony marked a significant milestone for the company. The new facility will occupy a 50,000-square-foot building and is scheduled for completion by September 2024. To support the initial phase of … Read more
Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its acquisition of Diversey Holdings, Ltd. The transaction, valued at an enterprise value of approximately $4.6 billion, was executed in an all-cash deal and became effective on July 5. Diversey is a leading provider of hygiene, infection prevention and cleaning products and … Read more
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator. Novachem offers a strong, innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. Signing and closing took place on 30 June 2023, subject to official approval by the authorities. Novachem will be … Read more