OSLO, NO – WATERLOO, BE – BASF, and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The companies are looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 … Read more
MOL Clean Energy, US, LLC (MCE), a 100 percent subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC (CHW) announce MCE as a Joint Venture shareholder in Ascension Clean Energy (ACE), a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. Other shareholders are CHW, Denbury Inc., a world-leading … Read more
In a recent development in the Brazilian chemical industry, Unipar Carbocloro, a major player in the chlor-alkali and PVC manufacturing sector, has put forward a non-binding proposal to acquire control of Braskem, the leading producer of polyolefins in Brazil. This move holds significant implications for both companies, as well as for the overall market dynamics … Read more
Sumitomo has completed the acquisition of Saconix LLC. from a U.S. private equity fund to make Saconix a wholly-owned subsidiary of the Sumitomo Corporation Group. Saconix is engaged in the distribution and transportation service of sulfuric acid in the US West and Gulf. Sulfuric acid is one of the world’s most used chemicals in a … Read more
Element Solutions Inc, a global specialty chemicals company, has made two significant moves to strengthen its position in the advanced electronics materials markets. These transactions are expected to generate approximately $15 million of annualized adjusted EBITDA and hold great growth potential as the electronics industry improves and new technologies gain customer approvals. Firstly, Element Solutions … Read more
Air Liquide announces that it has invested nearly $70 million U.S. dollars in state-of-the-art plants in North Texas to supply ultra-high purity nitrogen and oxygen to the electronics industry. These investments will support the expansion of two existing manufacturing facilities and will also be used to build, own and operate onsite plants and systems at … Read more
The Chemours Company, DuPont de Nemours, Inc., and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population. The class includes water systems with a current detection of PFAS … Read more
The Chemours Company has entered into a definitive agreement to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., a company founded and backed by Iron Path Capital. With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids … Read more
Shell has recently come under scrutiny for breaching emissions limits at its Monaca polyethylene complex in Beaver County, Pennsylvania. The violations have raised concerns among residents and environmentalists due to the potential health risks associated with increased air pollution. Shell has acknowledged exceeding the total emission limitations for air contaminants at its Pennsylvania plant, primarily … Read more
LanzaTech Global, Inc. and Plastipak Packaging, Inc. announced they have successfully produced PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions. The resin is suitable for food, personal care, and pharmaceutical packaging, as well as other non-packaging applications. PET is a polymer that is molded into plastic bottles and containers for … Read more
Dow, a global chemical company, has entered into a significant long-term supply agreement with New Energy Blue in North America. The partnership aims to produce bio-based ethylene from renewable agricultural residues, specifically corn stover (stalks and leaves). This collaboration marks Dow’s commitment to reducing carbon emissions in plastic production and utilizing sustainable feedstocks for recyclable … Read more
Thyssenkrupp nucera AG & Co. KGaA is partnering with OxyChem to install the latest generation eBiTAC v7 electrolyzers to support the conversion of its Battleground plant in LaPorte, Texas, from the diaphragm to membrane chlor-alkali technology. “The fact that OxyChem has contracted us for the important retrofit of its large chloralkali plant makes us very … Read more
Royal Vopak, a leading global provider of storage and handling solutions for liquid chemicals, gases, and oil products, has announced a binding agreement to sell its terminal in Savannah, USA to BWC Terminals, a US-based bulk liquids storage company. This divestment aligns with Vopak’s strategic goals to enhance its financial performance, expand its presence in … Read more
Braskem, the Brazilian petrochemical company, has received a joint non-binding offer from Apollo Global Management and Abu Dhabi National Oil Company (ADNOC). However, the terms of the offer have divided opinion in the market, with creditor banks not unanimous on the figures, and doubts remain as to whether Petrobras will agree to sell its stake … Read more
DSM and Firmenich have completed their merger, resulting in the creation of DSM-Firmenich, a new company that combines the strengths of both firms. The merger will allow the company to offer a more extensive range of products and services to its customers in four distinct business units. Business Units of DSM-Firmenich The four business units … Read more
Arkema, a leading chemical company, has released its financial results for Q1 2023. Despite continued low volumes and weak demand in Europe, the company has achieved a solid financial performance in line with its full-year guidance for 2023. Sales Decline, But Prices Remain Resilient Arkema reported sales of €2.5 billion for the first quarter of … Read more
Canlak Coatings Inc., a portfolio company of SK Capital Partners and leading formulator and manufacturer of high-quality wood coating systems announced the acquisition of Ceram-Traz Corporation d.b.a Ceramic Industrial Coatings. Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants, and elastomers) products. The acquisition of Ceramic Industrial … Read more
DuPont, a leading global innovation and technology-based company, has announced the acquisition of Spectrum Plastics Group from AEA Investors. The acquisition is expected to be completed by the end of the third quarter of 2023, subject to regulatory approvals and customary closing conditions. The purchase price of $1.75 billion will be paid from existing cash … Read more
Glenfarne Energy Transition partners with Samsung Engineering for green hydrogen and ammonia projects in Chile. Glenfarne Energy Transition has entered into a collaboration agreement with Samsung Engineering to conduct feasibility studies for multiple green hydrogen and ammonia initiatives in Chile. This partnership is a part of Glenfarne’s Hydrogen Fuels Initiative, which aims to advance the … Read more
Covestro, a leading global supplier of high-performance polymer materials, reported its first quarter 2023 results. Despite a challenging business environment and weak demand, the company exceeded its own and analysts expectations. Group sales were down 20.1% to EUR 3.7 billion, and EBITDA was 64.5% lower year over year at EUR 286 million. However, the company’s … Read more