EDL Anlagenbau GmbH (EDL; Leipzig, Germany; www.edl.poerner.de) sold a license for its two-stage extraction technology to the Middle East in the 4th quarter of 2018. With this technology process, oils are produced in an efficient and eco-friendly way. These oils…
Evonik Industries AG (Essen, Germany; www.evonik.com) has signed an agreement to sell its Methacrylates business to Advent International (Boston, Mass.; www.adventinternational.com) for €3 billion. The selling price (enterprise value) is 8.5 times the business’ EBITDA. The transaction is subject to…
Axens (Rueill-Malmaison, France; www.axens.net) has announced that it has taken an equity interest in the French company Arol Energy (Le Bourget-du-Lac, France; www.arol-energy.com), an expert in biogas purification systems. Arol Energy has many years of experience in the development and…
Industrial gases specialist Messer Group GmbH (Bad Soden, Germany; www.messergroup.com) acquired the majority of Linde AG’s (Munich, Germany; www.linde.com) gases business in North America and certain Linde and Praxair (Danbury, Conn.; www.praxair.com) business activities in South America with effect from…
BASF SE (Ludwigshafen, Germany; www.basf.com) and The Linde Group’s Engineering Division (Pullach, Germany; www.linde-engineering.com) have agreed on a collaboration to serve natural gas processing applications using BASF’s adsorbent technology and Linde’s adsorption & membrane technology. This collaboration brings together two…
One of the world’s largest copper reserves will soon be accessed with the help of high-capacity overland conveyors from thyssenkrupp AG (Essen, Germany; www.thyssenkrupp.com). The Industrial Solutions business area (www.thyssenkrupp-industrial-solutions.com) recently won a contract to supply a material handling system…
BASF Venture Capital GmbH (Ludwigshafen, Germany; www.basf-vc.com) is investing $2 million into Alchemist Accelerator’s (San Francisco, Calif.; www.alchemistaccelerator.com) fund, allocating at least half towards investments in -D printing, agtech, material informatics, nutrition, and technology game-changers. This investment supports BASF’s strategy…
Praxair, Inc. (Danbury, Conn.; www.praxair.com), a wholly-owned subsidiary of Linde plc., has announced the completion of a major investment project at its Geismar, Louisiana facility, bringing a new plant online that will increase carbon monoxide supply to customers in the…
Honeywell announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP (Des Plaines, Ill.; www.uop.com) for the second phase of an integrated petroleum-refining and petrochemical complex in Zhoushan, Zhejiang Province. The complex is…
The Circa Group (Melbourne, Australia; www.circagroup.com.au) says that its FC5 commercial demonstration plant is now online, paving the way to a regular supply of Circa’s bio-based solvent Cyrene. A joint venture between Circa and Norwegian pulp and paper company Norske…