Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd., to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park, Lianyungang City, Jiangsu Province, China. Air Products will own 80
LyondellBasell Signs MOU with Bora for Expansion in China
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world announced it has signed a Memorandum of Understanding (MoU) to expand in China through a Joint Venture (JV) with the Liaoning Bora Enterprise Group (Bora). “China is
German Chemical Industry in the Doldrums
Lack of demand from industrial customers and the global economic uncertainties continue to create problems for the German chemical and pharmaceutical industry. Weak numbers for the second quarter of 2019 have prompted the German Chemical Industry Association (VCI) to lower
SNF Investing $1.2 Billion to Meet Polyacrylamide Demand
Over the last two years SNF has added 75,000 metric tonne per year powder-grade polyacrylamide (PAM) production capacity globally to match the increased demand for EOR (Enhanced Oil Recovery) applications. By the end of 2020, SNF will add 75,000 metric
Koch Methanol Acquires Majority Ownership Stake in YCI Methanol One
Koch Methanol Investments, LLC (Koch Methanol) and Yuhuang Chemical Industries Inc. (YCI), a wholly owned subsidiary of Shandong Yuhuang Chemical Company, have recapitalized YCI Methanol One, LLC (the “Joint Venture”). As a result of this transaction, Koch Methanol is the
Dow to Retrofit Louisiana Cracker for On-purpose Propylene
As part of the Company’s current slate of low capital intensity, high-return incremental growth investments, Dow announced it will retrofit proprietary fluidized catalytic dehydrogenation (FCDh) technology into one of its mixed-feed crackers in Plaquemine, Louisiana, to produce on-purpose propylene. The
Motiva to Acquire Flint Hills Port Arthur Cracker
Saudi Aramco’s US subsidiary Motiva Enterprises has agreed to buy Flint Hills Resources’ cracker and related chemical assets at Port Arthur, Texas, USA. Financial terms were not disclosed. The deal is expected to close in the fourth quarter of 2019.
Rain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany
Rain Carbon Inc., a leading global producer of carbon-based products, initiated the phased start-up of its hydrogenated hydrocarbon resins production facility in Castrop-Rauxel, Germany on Thursday. Once operational in the fourth quarter of 2019, the state-of-the-art plant will have a
Dow to Sell its Acetone Derivatives Business to Altivia
Dow announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to ALTIVIA Ketones & Additives, LLC, an affiliate of ALTIVIA, a privately held producer of chemicals headquartered in Houston, Texas. “This divestiture illustrates Dow’s
Saudi Aramco to Acquire 20% Stake in RIL’s O2C Jamnagar Unit
Saudi Aramco signed a letter of intent for a proposed purchase of a 20% stake in the oil-to-chemicals (O2C) business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast. Reliance values
SKC, Kuwait’s PIC form $1-billion JV in South Korea
SKC of South Korea and Petrochemical Industries Company (PIC) of Kuwait have agreed to establish a propylene chemicals joint venture worth $1.2 billion. PIC will hold a 49 percent stake worth $476.2 million in the new company whereas South Korea’s
INEOS Styrolution Breaks Ground on 100kt Bayport ASA Plant
INEOS Styrolution, the global leader in styrenics, today announces that the company hosted a groundbreaking ceremony for its new 100kt ASA (acrylonitrile styrene acrylate) plant in Bayport, Texas. The development of the new site is part of a bigger expansion
Air Products Awarded Contract to Supply POSCO Chemical’s Manufacturing Site
Air Products announced it has been awarded a contract by POSCO Chemical to supply on-site nitrogen to a new anode material manufacturing site being built in Sejong, South Korea. POSCO Chemical is an affiliate of POSCO Group, the largest integrated
Aramco’s Refinery and Petchems Project in India Cost Rises by 36%
India has increased the cost estimate of the planned refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant,
Grace Licenses Unipol PP Process Tech to Datong Coal Mine Group
W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its Unipol PP Process Technology to Datong Coal Mine Group Co., Ltd. The Unipol PP facility, located in Datong, China,
Vopak, Mitsubishi, Covestro, AP Ventures Invest in Hydrogen Storage Tech
Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest €17 million into Hydrogenious LOHC Technologies GmbH and its Liquid Organic Hydrogen Carrier (LOHC) technology for hydrogen logistics. With its innovative Liquid Organic Hydrogen Carrier technology, Hydrogenious LOHC Technologies was able
Eni, ADNOC Close Partnership Agreements in Refining and Trading
Eni and ADNOC, said they closed their strategic partnership, announced in January, through which Eni acquired a 20 percent equity interest in ADNOC refining. The partners – which include Austria’s OMV – also set up a new trading joint venture.
Huntsman to Buy Sasol’s 50% Interest out of Maleic Anhydride JV in Germany
Huntsman Corporation announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture. The joint venture owns a manufacturing facility in Moers, Germany with
Sekisui Chemical Begins Polyolefin Foam Production Line in Wuxi City, China
Sekisui Chemical announced that Sekisui Youngbo, a consolidated subsidiary of the High Performance Plastics Company, commenced mass production and sales in May 2019. Sekisui Youngbo is a company that primarily manufactures polypropylene foams (“PP foams”) for automotive interiors; its establishment
Bunge Limited, BP to form a Bioenergy JV in Brazil
Bunge Limited , a leader in agriculture, food and ingredients, announced an agreement with BP plc to form a 50:50 joint venture that will create a leading bioenergy company in Brazil. The joint venture, to be called BP Bunge Bioenergia,