Air Liquide S.A. (Paris, France) increased its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG). The joint venture will invest up to €86 million to acquire hydrogen and nitrogen production units from Atyrau…
Nouryon (Amsterdam, the Netherlands) signed an agreement to divest its Salt Specialties business, including brands such as JOZO, NEZO, Suprasel, Sanal, and KNZ to the Salins Group, an international salt company headquartered in France. The closing of this transaction is…
Hexpol AB (Malmö, Sweden) acquired 100% of VICOM 2002 S.L., a Spanish polymer compounder active in the wire and cable product sector. VICOM's turnover in 2020 amounted to around 30 million EUR. The company employs some 30 people in its…
Lukoil-Nizhegorodnefteorgsintez, a subsidiary of Lukoil (Moscow, Russia), will use a range of Honeywell UOP (Des Plaines, Ill.) process technologies at its Kstovo refinery to produce cleaner-burning high-octane fuels that comply with Euro-V and Class 5 standards in Russia. UOP will provide…
Chevron Phillips Chemical Co. LLC (The Woodlands, Tex.) announced that Bruce Chinn, currently president, Chevron Chemicals, will become chief executive officer. B.J. Hebert, currently executive vice president and chief operating officer, will become president and chief operating officer. Chinn and…
Shell (The Hague, the Netherlands) has announced plans to manufacture sustainable aviation fuels (SAF) in the Wesseling section of its Rhineland Refinery in Germany. To this end, the company wants to set up its first commercial Bio-PTL (Power-to-Liquid) plant. The…
Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has commenced development of a 40-megawatt (MW) class gas turbine that is fueled by 100% ammonia (NH3). The project was started in response to the increasing global focus on decarbonization.…
Covestro AG (Leverkusen, Germany) has signed an agreement related to the sale of its 51% share in the joint venture Pearl Covestro Polyurethane Systems FZCO, which operates systems house business in Dubai (United Arab Emirates), to the current co-shareholder Pearl…
Bp plc (London) and SABIC (Jubail, Saudi Arabia) have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long-established relationship between the two companies…
Enegix Energy (Chadstone, Australia) has unveiled the Base One green hydrogen project in cooperation with the Brazilian State Government of Ceará, representing an investment of $5.4 billion. Under the terms of the MoU, Enegix will set up the world’s largest…