Bondalti in €329M takeover bid for Ercros

Portuguese industrial conglomerate Bondalti has initiated a bold move in the chemical industry, announcing a takeover bid valued at 329 million euros ($357 million) for the entire shareholding of Ercros, a Barcelona-based chemical company. The offer, exclusively in cash, stands at 3.6 euros per share of Ercros, marking a substantial premium of 40.6% over the … Read more

Coal India and BHEL Partner for Ammonium Nitrate Project

In a significant development within the chemical industry, two leading Indian state (Maharatna CPSE) entities, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL), have formally solidified their collaboration through the signing of a joint venture agreement (JVA) on 28th February 2024 in Delhi. The agreement aims to establish an ammonium nitrate plant utilizing … Read more

Lake Charles Methanol plans to build $3.2 bn plant

Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. The company plans to use advanced auto thermal gas reforming technology and employ carbon capture and secure geologic storage to produce low-carbon hydrogen … Read more

INEOS Inovyn launches Ultra Low Carbon Chlor-Alkali range

INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages.  The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites. The first production sites include Rafnes in Norway, which … Read more

Dow announces completion of inaugural green bond offering

The Dow Chemical Company, a wholly owned subsidiary of Dow, announced the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054.  The notes represent the Company’s inaugural green financing instrument, in alignment with Dow’s Green Finance Framework published on our website on January 25, … Read more

BASF to divest stake in its two joint ventures in Korla, China 

BASF initiated the process to divest its shares in the two joint venture companies BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China in the fourth quarter of 2023.   As part of its global strategy for 1,4-butanediol (BDO), BASF assessed the market environment and product carbon … Read more

Air Liquide is boosting efficiency and slashing CO₂ emissions at its Stade, Germany site

Air Liquide and Dow renewed their industrial gas supply agreement in Stade, one of the largest chemical production sites in Lower Saxony, Germany. In this context, Air Liquide will supply industrial gases under a long-term agreement and invest close to 40 million euros in the modernisation of its assets, enabling operational efficiency and reducing CO₂ emissions.  … Read more

India’s Coromandel to invest Rs 10.29 Bn to increase production capacity

Coromandel International, an agricultural chemicals maker, announced that its board of directors approved a proposal to establish new phosphoric acid and sulphuric acid plants at Kakinada in Andhra Pradesh, investing Rs 10.29 billion.  The board meeting on January 30 sanctioned the proposal, as per a stock exchange filing by Coromandel International. The new plants will … Read more

Tecnimont awarded a FEED for an integrated green hydrogen and ammonia plant in Portugal 

MAIRE announces that Tecnimont (Integrated E&C Solutions) has been awarded a FEED contract by MadoquaPower2X to develop an integrated green hydrogen and green ammonia plant located in the industrial zone of Sines, Portugal. MadoquaPower2x is a consortium comprised of Madoqua Renewables, Power2X and Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund.  The project involves the production of green … Read more

Shell invests to repurpose German Energy and Chemicals Park Rheinland

Shell Deutschland GmbH has taken a final investment decision (FID) to convert the hydrocracker of the Wesseling site at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils, used in making high-quality lubricants such as engine and transmission oils. Crude oil processing will end at the Wesseling site by … Read more

Solvay and Huatai to expand hydrogen peroxide capacity in China

Solvay is further extending its leadership position in the global hydrogen peroxide market by expanding the capacity of its Shandong Huatai Interox Chemical site in China. Building on its existing partnership with Huatai Chemical, the strategic alliance will enable the site to produce 48 kilotons of photovoltaic-grade hydrogen peroxide annually by 2025. This strategic investment … Read more

SABIC Finalizes $6.4 Bn Investment Decision for Fujian Petrochemical Complex

The Saudi Basic Industries Corporation (SABIC), the leading global company in diversified chemicals, announced on Sunday that it has endorsed the final investment decision for the SABIC Fujian Petrochemical Complex Project (Saudi-Chinese Gulei Ethylene Complex Project) to be established in Fujian Province, China.   SABIC Fujian Petrochemical Company Limited, based on a 51% to 49% equity … Read more

INOX Air Products plans $3B green ammonia plant in India

INOX Air Products, a manufacturer of industrial and medical gases, announced on Tuesday the formalisation of a memorandum of understanding with the government of Maharashtra, India, for the establishment of a cutting-edge green ammonia plant, involving a substantial investment of $3 billion.  The ambitious project is slated to be operational within a timeframe of 3 … Read more

LyondellBasell invests $500M in Saudi petchems JV, to explore new PDH/PP complex

LyondellBasell (LYB) today announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corporation (Alujain) for approximately $500 million. Enabled by its Spheripol polypropylene (PP) technology, the joint venture positions LYB to grow and upgrade its core PP business through access to advantaged feedstocks, plus additional product marketing … Read more

Saudi Chemical inks MoU to set up ammonium nitrate, nitric acid facility in Ras Al Khair

Saudi Chemical Co. Holding (SCCH) and its subsidiary, Saudi Chemical Co. Ltd. (SCCL), have recently inked a non-binding memorandum of understanding (MoU) with Dyno Nobel, marking a significant stride in the chemical industry. The collaboration is geared towards establishing a state-of-the-art facility in Ras Al Khair to produce ammonium nitrate and nitric acid.  According to … Read more

Cepsa, C2X set up joint project to develop green methanol plant in Europe

Cepsa, which is owned by Mubadala and Carlyle, and C2X, an independent company majority owned by A.P. Moller Holding with A.P. Moller – Maersk as minority owner, announce a joint ambition to develop a green methanol plant in the port of Huelva, southern Spain. Green methanol is made by using green hydrogen and non-fossil sources of … Read more

LyondellBasell polyolefin tech selected for China Coal Shaanxi chemical complex

LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, announced that China Coal Shaanxi Yulin Energy & Chemical Co., Ltd. (China Coal Shaanxi), will use the LyondellBasell Spherizone, Hostalen Advanced Cascade Process (Hostalen ACP) and Lupotech T technology for its new facility.  The process technology will be used for a 300 kilotons per annum (KTA) Spherizone polypropylene plant, a 300 KTA Hostalen ACP high-density … Read more

India’s DCM Shriram to invest $1.44 billion in Gujarat by 2028

DCM Shriram Ltd has committed to investing Rs 120 billion ($1.44 billion) in the manufacturing of chemical and petrochemical products in Bharuch by 2028. This substantial investment indicates the company’s confidence in the growth prospects of the sector and its commitment to expanding its operations.  As India’s second-largest chlor alkali manufacturer, DCM Shriram aims to … Read more

Aramco, Rongsheng in talks to buy stake in each other’s units

Aramco and Rongsheng Petrochemical (Rongsheng) planned to buy stake in each other’s units, according to a memorandum of understanding (MOU) the two sides signed.  The MOU is another milestone following the agreement the two parties reached in March last year, marking an important step forward in fostering cross-border investment.  Under the MOU, Aramco and Rongsheng … Read more

Mitsubishi Chemical sells Indonesian PTA business to Lintas Citra Pratama

In a strategic move to enhance its business portfolio and reinforce its commitment to sustainable growth, Mitsubishi Chemical Group Corporation has recently announced the decision to transfer shares of its subsidiary, PT Mitsubishi Chemical Indonesia (MCCI). The shares will be transferred to PT Lintas Citra Pratama, a company with plans to commercialize paraxylene, a key … Read more