Hexcel Corp. (Stamford, Conn.; www.hexcel.com) has made a strategic investment in Oxford Performance Materials (OPM). OPM produces thermoplastic, carbon-fiber-reinforced 3D printed parts for commercial aerospace and space and defense applications. Hexcel Chairman, CEO and President Nick Stanage said, “Aerospace adoption…
SABIC (Riyadh, Saudi Arabia; www.sabic.com) has signed a Project Development Agreement (PDA) with Shenhua Ningxia Coal Industry Group Co. (SNCG), a subsidiary of Shenhua Group Corp., effective May 30, 2016. The PDA relates to the two parties’ potential joint development…
Lukoil (Moscow; www.lukoil.com) has fully commissioned the Oil Deep Conversion Complex in Volgograd as part of a vacuum gasoil (VGO) hydrocracking facility at the company’s wholly owned oil refinery OOO Lukoil-Volgogradneftepererabotka. The capacity of the site, said to be Russia’s…
Technip (Paris, France; www.technip.com) and FMC Technologies, Inc. (Houston; www.fmctechnologies.com) announced that the companies will combine to create a global company, which will be called TechnipFMC, with an equity value of $13 billion based on pre-announcement share prices. The companies…
Sumitomo Chemical Co. (Tokyo; www.sumitomo-chem.co.jp) has decided to expand its production capacity for the feed additive methionine by adding a new production line in its Ehime Works in Niihama City, Ehime Prefecture, Japan, to meet the active demand in the…
Gevo, Inc. (Englewood, Colo.; www.gevo.com) has entered into an agreement with Clariant (Muttent, Switzerland; www.clariant.com) to develop catalysts to enable Gevo’s ETO technology. As previously disclosed, Gevo’s ETO technology, which uses ethanol as a feedstock, produces tailored mixes of propylene,…
A joint development program focused on bio-based PBS (polybutylene succinate) compounds for injection molding has been launched by Reverdia (www.reverdia.com), a joint venture (JV) between Royal DSM N.V. (Heerlen, the Netherlands; www.dsm.com) and starch-derivatives maker Roquette (Lestrem, France; www.roquette.com), and…
Polynt Group (Bergamo, Italy; www.polynt.it) and Reichhold Group (Durham, N.C.; www.reichhold.com) announced a definitive agreement to effect the combination of the two businesses. The business combination is expected to create a leading global, vertically-integrated manufacturer of resins for composites and…
Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced that current Senior Vice President, General Counsel, Corporate & Government Affairs and Corporate Secretary Karen G. Narwold has been promoted to Executive Vice President and Chief Administrative Officer of the company, effective immediately. …
Akzo Nobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) has completed phase one of the €2.5-million expansion of its performance coatings plant in Cikarang, Indonesia. The investment will increase capacity at the facility by 40%, and will help the company meet growing…