McDermott International, Inc. (Houston; www.mcdermott.com) and Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC), announced that KIPIC has awarded McDermott a technology contract for the basic engineering, technology license and catalyst for an integrated Low…
John Crane (Chicago, Ill.; www.johncrane.com) finalized its purchase of the Industrial Division of Advanced Diamond Technologies (ADT). ADT, based in Romeoville, Illinois, is a leader in the development and application of diamond films for industrial, electronic, mechanical and medical applications. “John…
The Saudi Arabian Oil Company (Saudi Aramco; Dhahran; www.saudiaramco.com) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture (JV) in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Abdulaziz…
The Chemours Co. (Wilmington, Del.; www.chemours.com) announced a strategic partnership with UniEnergy Technology LLC (UET), a redox flow battery (RFB) manufacturer headquartered in Mukilteo, Washington. With their long run time, maintaining full storage capacity over 20 years, scalability and improved…
BASF SE (Ludwigshafen, Germany; www.basf.com) has announced that BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc. Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as…
Emerson (St. Louis, Mo.; www.emerson.com) has acquired Bioproduction Group (Bio-G), a leader in simulation, modeling, and scheduling software for biomanufacturing. Bio-G’s scheduling and modeling systems combined with Emerson’s extensive life sciences technology and expertise portfolio will help companies bring therapies…
Sandvik Group (Stockholm, Sweden; www.home.sandvik.com) has acquired privately-owned Newtrax, a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment. “By including Newtrax into the Sandvik family we further…
Nouryon (formerly AkzoNobel Specialty Chemicals; www.nouryon.com) has completed a €4-million expansion at Mahad, India which will increase organic peroxides production capacity at the site by 80%. The increased capacity will support growing customer demand in India and the Middle East…
Sumitomo Chemical Co. (Tokyo, Japan; www.sumitomo-chem.co.jp) and Zymergen (Emeryville, Calif.; www.zymergen.com) announced that they have signed a multi-year partnership to bring new specialty materials to the market. This collaboration between the two companies will enable the development of new materials…
Toyo Engineering Corp. (Tokyo; www.toyo-eng.com), together with Toyo Engineering Corporation (China) (Toyo-China, President Benli Dong), have concluded a comprehensive engineering partnership agreement with BASF SE (Ludwigshafen, German; www.basf.com) in Asia Pacific for the term of 5 years. The agreement covers…