Evonik Industries AG (Essen, Germany; www.evonik.com) has completed the activities to acquire the specialty additives business (Performance Materials Division) of the Air Products (Lehigh Valley, Pa.; www.airproducts.com) for $3.8 billion (approx. €3.5 billion) by the end of the year as…
Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) has completed the sale of its European surfactants business to Innospec Inc. (Littleton, Colo.; www.innospecinc.com) for an enterprise value of $225 million. This business represented approximately $24 million of EBITDA in 2015. Huntsman intends…
LanzaTech (Skokie, Ill.; www.lanzatech.com) has been selected by the U.S. Department of Energy’s (DOE) Bioenergy Technologies Office (BETO) to receive a $4-million award to design and plan a demonstration-scale facility using industrial off-gases to produce 3 million gal/yr of low-carbon…
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com) has signed a share purchase agreement with Petroleo Brasileiro S.A. (Petrobras) for the acquisition of its 100% stake in Companhia Petroquimica de Pernambuco (Petroquímica Suape) and Companhia Integrada Têxtil de…
SNC-Lavalin (Montreal, Quebec, Canada; www.snclavalin.com) has signed and closed an agreement to sell its ongoing activities in France and in Monaco to Ciclad and Impact Holding for a nominal amount, including its investment in Société d’Exploitation de l’Aéroport de Mayotte.…
Global Bioenergies (Evry, France; www.global-bioenergies.com) signed a contribution agreement with the shareholders of Syngip B.V. to transfer all Syngip shares to Global Bioenergies S.A. The transaction’s completion remains subject to the fulfillment of several condition,s including approval by the shareholders of…
ES FiberVisions (ESFV), a joint venture between FiberVisions LLC, a subsidiary of Indorama Ventures PCL (Bangkok, Thailand; www.indoramaventures.com), and Japan's JNC Corp. held an opening ceremony to celebrate the completion of its newest plant in Rayong, Thailand. This facility was…
The Saudi Arabian Mining Company (Ma’aden; Riyadh, Saudi Arabia; www.maaden.com) has announced plans to expand its phosphate-based business with the addition of a third project to manufacture phosphate fertilizers, which will be executed gradually over the coming seven years. Upon…
Wison Engineering Services Co. (Shanghai; www.wison-engineering.com) announced that its non-wholly owned affiliated company, Wison Engineering Ltd., has been awarded an engineering, procurement and construction management (EPC) contract for a new liquefied natural gas (LNG) project by Astana Trans Oil LLP,…
Formosa Mitsui Advanced Chemicals Co. (FMAC), a joint venture of Mitsui Chemicals Inc. (MCI; Tokyo; www.mitsuichem.com) and Formosa Plastics Corp. (FPC) plans to increase the capacity of its lithium-ion, battery-use, electrolyte solution production facilities. Currently, the plant’s production capacity is…