TechnipFMC (Houston; www.technipfmc.com) has been awarded a significant Engineering, Procurement and Construction management (EPCM) services contract for the construction of a new naphtha complex for Motor Oil Hellas’ Corinth Refinery in Greece. This new naphtha complex will have a capacity…
Avantium (Amsterdam, the Netherlands; www.avantium.com) announced that its wholly owned subsidiary, Avantium Renewable Polymers,has signed a letter of intent to locate its new flagship plant at Chemie Park Delfzijl, the Netherlands. The 5,000-ton facility will produce plant-based FDCA (furandicarboxylic acid)…
Borealis AG (Vienna, Austria; www.borealisgroup.com) and NOVA Chemicals Corp. (Calgary, Alberta; www.novachem.com), announced they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC. Formed in 2018, Novealis is the joint venture (JV)…
INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) plans to build a world-scale ABS (acrylonitrile butadiene styrene) plant in Ningbo, China. The new production site will be adjacent to the recently acquired polystyrene plant in Ningbo. Less than a year after announcing the…
Pembina Pipeline Corporation (Calgary, Alb., Canada; www.pembina.com), along with Petrochemical Industries Company K.S.C. (PIC) of Kuwait, has announced that Canada Kuwait Petrochemical Corporation (CKPC) has executed a lump sum engineering, procurement and construction (EPC) contract related to the construction of…
Rockwell Automation, Inc. (Milwaukee, Wis.; www.rockwellautomation.com) announced that it has signed an agreement to acquire privately held Avnet Data Security, LTD, an Israeli-based cybersecurity provider with over 20 years of experience providing cybersecurity services. Avnet offers a full set of…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced its largest-ever investment in the United States in winning a long-term onsite business-model supply agreement for a project with Gulf Coast Ammonia (GCA) in Texas City, Texas. Air Products will build, own and…
Istanbul, Turkey-based Alkim Alkali Kimya A.S. (Alkim), one of the largest sodium sulfate producers in the world, decided to invest in its Koralkim facility near Dazkırı on the coast of lake Acıgöl to produce up to 50,000 tons per year…
Showa Denko K.K. (SDK; Tokyo; www.sdk.co.jp) has decided to establish its subsidiary’s second factory in Shanghai to produce high-purity gases for electronics. Shanghai Showa Electronics Materials Co., Ltd. (SSE), which is SDK’s wholly owned subsidiary producing high-purity gases for electronics,…
Ametek Inc. (Berwyn, Pa.; www.ametek.com) announced that it has signed a definitive agreement for the sale of its Reading Alloys business to Kymera International, a leading specialty materials company that is owned by affiliates of Palladium Equity Partners, LLC. Founded…