Ineos (London) announced that INEOS Phenol completed its acquisition of the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million. The business has a turnover of…
A new joint venture — Envalior — has emerged from the combination of two industry leaders in engineering materials – DSM N.V. (Heerlen, the Netherlands) Engineering Materials (DEM) and Lanxess AG (Cologne, Germany) High Performance Materials (HPM) – under the…
Chevron Lummus Global LLC (CLG) announced a recent contract award from Petróleo Brasileiro S.A. (Petrobras) for a new 12,580 barrel/day (bbl/d) hydroisodewaxing (HIDW) unit at the GasLub Hub, a lubricant plant in Itaboraí, Rio de Janeiro state, Brazil. Chevron Lummus…
TotalEnergies Corbion (Gorinchem, the Netherlands), POSCO International and ESOL announced a partnership aimed at developing the PLA recycling infrastructure and technology in South Korea. Over the coming years, the partnership will contribute to the Korean Government framework for Carbon Neutrality.…
Honeywell International, Inc. (Charlotte, N.C.) announced that Biotrend Energy (Istanbul) signed equipment supply, production license, and warranty agreements to build Türkiye’s first commercialized advanced waste recycling plant using Honeywell UOP UpCycle Process Technology. The facility will convert mixed waste plastics into…
Neste Corp. (Espoo, Finland) has successfully concluded its second series of industrial-scale processing runs with liquefied waste plastic at its refinery in Porvoo, Finland. The goal of the processing runs is to further increase the company’s understanding of how different…
Venator Materials PLC (Wynyard, U.K.) announced that it has completed the sale of its Iron Oxide business to Cathay Industries. The enterprise value of the transaction was $140 million and Venator expects to receive cash proceeds of approximately $130 million…
Kraton Corp. (Houston) announced a significant expansion of its styrene-butadiene-styrene block copolymers (SBS) supply capability at its Belpre, Ohio facility starting in 2024. The production capacity is expected to increase by 24,000 metric tons per year (m.t./yr) by 2025. "We…
Saint-Gobain (Courbevoie, France) has signed a binding agreement for the sale of its glass processing business Glassolutions in Switzerland to the privately-owned German group AEQUITA. The business generated sales of around €25 million in 2022 and employs approximately 70 people…
Honeywell International Inc. (Charlotte, N.C.) announced that SGP BioEnergy will implement Honeywell’s Experion System Technology at its Golden City Biorefinery in Colón, Panama. As one of SGP’s key automation contractors, Honeywell will deploy its Experion technology solutions for the plant’s distributed…