Air Liquide S.A. continues its development of biomethane activities with the construction in the USA of its largest biomethane production unit in the world. This will bring the worldwide biomethane production capacity of the Group to 1.8 TWh. The new production unit in the State of Illinois will allow Air Liquide to keep providing low-carbon … Read more
Perstorp has acquired GEO’s Di-Methylolpropionic Acid (DMPA) business, further emphasizing its commitment as the sustainable specialty solution provider within the resins and coatings segment. This acquisition further accentuates the company’s strategic presence in Polyurethane and Alkyds dispersions – a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition significantly bolsters … Read more
Hydrogen Optimized, a subsidiary of Key DH Technologies Inc., announced that it has entered into a confidential Letter of Intent (LOI) with a large industrial company to provide more than 40 MW of RuggedCell water electrolyser capacity for hydrogen production. The LOI provides for high current unipolar RuggedCell systems to be deployed at one or … Read more
WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets. The Titusville … Read more
Huntsman Corporation (HUN) Tuesday announced plans to review strategic options for its Textile Effects Division. The Board of Directors has authorized management to conduct a strategic review of the Textile Effects Division, which is headquartered in Singapore, including a possible sale of the division. The review will begin early in the first quarter of 2022. … Read more
Methane pyrolysis technology company Monolith, a leader in clean materials production, has received conditional approval for a $1.04-billion loan from the US Department of Energy (DOE). Established via the Title XVII Innovative Energy Loan Guarantee Program, the loan will allow Monolith to expand its clean hydrogen and carbon black production facilities in Hallam, Nebraska. Monolith … Read more
Entegris, Inc. and CMC Materials, Inc announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each … Read more
BASF SE has announced that the implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for BASF’s Verbund site in Geismar, Louisiana, is progressing on schedule. Over time, BASF plans to double the capacity from 300,000 metric tons per year to approximately 600,000 m.t./yr. “This investment in the attractive North American MDI market strengthens … Read more
Baltimore-based Tilley Company, Inc., a portfolio company of SK Capital Partners, announced a merger with Phoenix Aromas and Essential Oils. Phoenix is a leading global distributor of high-quality flavor and fragrance ingredients and compounds, serving the food and beverage, personal care, pharmaceutical, air care, and fragrance markets. The combination of Tilley and Phoenix creates a … Read more
Altamira MS Holdings, a portfolio company of Edgewater Capital Partners, announced that it is continuing its investment in building a leading engineered components platform and has acquired Precision Fluorocarbon, LLC (PFI). PFI is a manufacturer of highly engineered, mission-critical PTFE components, such as custom diaphragms, bellows, and machined components, utilized primarily in semiconductor and industrial … Read more
Standard Lithium Ltd., announced that Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has completed its US$100 million investment in Standard Lithium through a direct private placement. The Direct Investment is intended to support the Company’s strategic development goals and will be used by the Company to pursue the following objectives: Continue to … Read more
GranBio Technologies and Birla Carbon have been awarded $730,000 in funding from P3Nano and USFS to advance scale-up and commercial introduction of the Nanocellulose Dispersion Composite (NDC) rubber masterbatch for the tire and rubber goods markets. P3Nano is a public private partnership between the U.S. Endowment for Forestry & Communities and the USDA Forest Service … Read more
Lummus Technology announced that it has executed a memorandum of understanding (MoU) with Braskem Netherlands B.V., a subsidiary of Braskem, the largest biopolymer producer in the world. The MOU is for the licensing of Braskem’s green ethylene technology for two ethanol to ethylene conversion projects under development in North America and Asia, signaling a global … Read more
Trinseo has begun work to explore the divestiture of its styrenics businesses and plans to launch a formal sales process in the first quarter of 2022. The scope of this potential divestiture is expected to include the Feedstocks and Polystyrene reporting segments as well as the Company’s 50% ownership of Americas Styrenics. The company had … Read more
DuPont on November 2nd said it has signed a definitive agreement to acquire electronics materials specialist Rogers Corporation for $5.2 billion. With this acquisition, Dupont said it will expand its leading position in high growth markets such as electric vehicles, advanced driver assistance systems (ADAS), 5G telecommunications and clean energy. The acquisition is expected to … Read more
Eastman Chemical Company announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1 billion dollars. The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and … Read more
Ecolab Inc. has entered into an agreement to acquire Purolite, a provider of high-end ion exchange resins for the separation and purification of solutions, which is critical to safe, high quality drug production and biopharma product purification in the life sciences industries. It also provides purification and separation solutions for critical industrial markets like microelectronics, … Read more
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 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
LG Chem Ltd. announced that it will invest around 60 billion won to construct an Acrylonitrile butadiene styrene (ABS) compound plant at the site of the company’s Ohio Tech Center in the United States with an annual production capacity of 30,000 tons by 2023. The plant will produce customized ABS products locally that reflect customer … Read more