Specialty chemical manufacturer Solenis and hygiene solutions provider Diversey Holdings have announced a definitive merger agreement, in which Solenis will acquire Diversey in an all-cash transaction valued at approximately $4.6 billion. Following the merger, Diversey will become a private company. Solenis, headquartered in Wilmington, Delaware, was acquired by Platinum Equity in 2021 and produces specialty … Read more
Merck, a leading science and technology company, has reported a strong performance in the fiscal year 2022, delivering profitable growth despite challenges. The company’s group net sales increased by 12.9% (organically: 6.4%) to €22,232 million compared with the previous year, driven by all regions and business sectors, particularly Life Science. The Big 3 businesses – … Read more
Synthomer plc, a leading specialty chemical company, has completed the sale of its laminates, films, and coated fabrics businesses to Surteco North America, Inc. The sale, which was approved by Synthomer shareholders in January 2023, has now been finalized, following the satisfaction of the conditions precedent as outlined in the circular to Synthomer shareholders published … Read more
Archroma, a leading sustainable specialty chemicals and solutions provider, recently announced the completion of its acquisition of Huntsman Textile Effects, a business division of Huntsman Corporation. The acquisition, which was first announced in August 2022, adds over 2,300 employees in 33 countries and 10 production sites to Archroma’s global workforce. With this acquisition, Archroma’s global … Read more
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company reported its financial results for the full year and fourth quarter of 2022. The company delivered a robust financial performance in 2022 despite the challenges posed by COVID-19, supply chain disruptions, and other external factors. Net Sales: Celanese Corporation generated record net sales of … Read more
INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires … Read more
Fluor has won a contract from Dow to provide front-end engineering and design (FEED) and engineering, procurement, and construction management (EPCM) services for the world’s first net-zero carbon emissions ethylene cracker and derivatives complex. This will be located in Fort Saskatchewan, Alberta, Canada. Fluor will start with the initial FEED award in Q1 and expects … Read more
Huntsman Corporation announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman … Read more
Univar Solutions Brasil Ltda., a subsidiary of Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, announced a distribution agreement with SI Group for Ibuprofen, an active pharmaceutical ingredient (API) used to produce ibuprofen drugs for the pharmaceutical market. “Our strategic relationship with SI Group provides customers in Brazil … Read more
OCI N.V. and Linde plc, a leading global industrial gases and engineering company, announced a partnership where Linde will supply clean hydrogen and nitrogen to OCI’s new blue ammonia facility under development in Beaumont, Texas under a long-term agreement. Linde will build, own and operate an on-site complex which will include autothermal reforming with carbon … Read more
DuPont, a leading global chemical company, recently released its fourth quarter and full year 2022 results. The company’s net sales showed a decline in the fourth quarter of 2022, while it increased in the full year 2022. In this article, we will delve into the details of DuPont’s financial performance and analyze the key drivers … Read more
Chevron Phillips Chemical Co. LLC (CPChem) and Nexus Circular LLC have entered into a long-term commercial agreement for the supply of circular liquid feedstocks from Nexus’ advanced recycling facility. CPChem has been a customer of Nexus for over two years, receiving consistent bulk shipments of ISCC PLUS certified materials. The new agreement further strengthens the … Read more
Solenis, a leading global producer of specialty chemicals, completed the acquisition of the stock of the Grand Invest Group on February 6, 2023. As part of the acquisition, Solenis will acquire all Grand Invest Group operating assets, including key strategic production and warehousing facilities. Headquartered in Lima, Peru, the Grand Invest Group serves a range … Read more
Sumitomo Chemical has decided to acquire FBSciences Holdings, Inc., a U.S. company engaged in the business of biostimulants, a group of naturally-derived agricultural materials and a class of biorationals*. The acquisition is due to be completed subject to the prescribed procedures. Biorationals, which have a global market valued today at about $10 billion, about one-tenth … Read more
TCL Specialties LLC (TCLS), a subsidiary of TCL (Thirumalai Chemicals Limited, India), will be breaking ground this month for two manufacturing facilities in Marshall County, West Virginia – one to make food ingredients (malic and fumaric acids) and the second to make maleic anhydride. TCL Chairman Sarathy said these facilities will be located just outside … Read more
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its … Read more
INEOS Olefins & Polymers USA announced it has entered into a renewable power purchase agreement which will enable the construction of a new 310-megawatt solar project located in north central Texas. The INEOS Hickerson Solar Farm will be constructed, owned and operated by a subsidiary of NextEra Energy Resources, LLC, the world’s largest generator of … Read more
Air Products and The AES Corporation announced plans to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4 gigawatts (GW) of wind and solar power generation, along with electrolyzer capacity capable of producing over 200 metric … Read more
Air Products and The AES Corporation announced plans to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4 gigawatts (GW) of wind and solar power generation, along with electrolyzer capacity capable of producing over 200 metric … Read more
Clariant and Dorf Ketal announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business, a provider of chemical technologies and services to the North American oil and gas industry. The transaction announced today is subject to regulatory and other customary closing conditions and is expected to be finalized during … Read more