Evonik Industries AG (Essen, Germany; www.evonik.com) has acquired the silica business of the U.S. company J.M. Huber Corp. (Edison, N.J.; www.huber.com) for $630 million. This enables Evonik to expand its position in North America and Asia in this profitable and…
Akzo Nobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) and Indian manufacturing company Atul Ltd. (www.atul.co.in) have announced their intention to jointly invest in the production of monochloroacetic acid (MCA) in India, which will include setting up a world-class MCA plant at…
Praj Industries Ltd. (Pune, India; www.praj.net) has entered into a binding agreement with Indian Oil Corp. Ltd. (IOCL) to set up three new second-generation (2G) bioethanol plants — one each at Panipat, Haryana and Dahej, Gujarat. These plants will have…
Atlas Copco (Stockholm, Sweden; www.atlascopco.com) has agreed to acquire the business of hb Kompressoren Druckluft- und Industrietechnik GmbH, a German distributor and service provider of industrial air compressors and related systems. Hb Kompressoren is based close to Stuttgart and operates…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has reached an agreement to sell its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone. “The divestment of Acetow is another significant step in Solvay’s transformation towards a multi-specialty chemical group…
Lonza (Basel, Switzerland; www.lonza.com) and the PolyPeptide Group jointly announced today that PolyPeptide Laboratories Holding (PPL) has entered into a definitive agreement to acquire the peptides business and operations of Lonza in Braine-l’Alleud, Belgium. Lonza’s Braine facility, with approximately 280…
INEOS Styrolution, (Frankfurt, Germany; www.ineos-styrolution.com) has revealed plans to expand the company’s plant in Altamira, Mexico responding to growing demand in the Americas region. The copolymer plant produces a variety of ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate)…
Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has developed new-grade products to be added to the lineup of its high-purity solvents, “Solfine” series, and decided to install a new purification plant to produce the new-grade products at its Tokuyama Plant…
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia. CB&I previously announced an award of the technology license and…
Borealis AG (Vienna, Austria; www.borealisgroup.com) and Algerian industrial group Asmidal signed a Memorandum of Understanding on 22 November 2016. The document reflects the parties' interest in evaluating opportunities to jointly develop a melamine production project in Algeria. A feasibility study…