The State Oil Company of Azerbaijan Republic (SOCAR) has awarded Fluor Corp. (Irving, Tex.; www.fluor.com) a contract to provide project-management contractor services for its new oil-and-gas processing and petrochemical complex (OGPC) in Azerbaijan. Fluor will book the contract for an…
Clariant (Muttenz, Switzerland; www.clariant.com) has announced that its Heat Generating Material (HGM) for the Catofin process technology for producing propylene from propane demonstrated excellent performance at the propane dehydrogenation (PDH) plant of Ningbo Haiyue New Material Co. Limited in Ningbo…
BASF SE (Ludwigshafen, Germany; www.basf.com) and ExxonMobil Research and Engineering Co. (EMRE) have concluded an agreement on EMRE’s Flexsorb technology. The agreement provides BASF with the right to sublicense the technology and supply the related solvent to third parties. The…
The Supervisory Board of Lanxess AG (Cologne, Germany; www.lanxess.com) has resolved to appoint Michael Pontzen as a member of the board of management, effective April 1, 2015. He will assume the role of chief financial officer (CFO) at the specialty…
Synthomer plc (Essex, U.K.; www.synthomer.com; ), a producer of carboxylated styrene butadiene rubber (SBR) for carpet, paper and speciality applications, has announced an expansion of its Kluang plant in Johor State, Malaysia to produce a range of specialty SBR to…
A. Schulman, Inc. (Akron, Ohio; www.aschulman.com) has executed a definitive agreement to acquire all of the issued and outstanding capital stock of privately held Citadel Plastics Holdings, Inc., a portfolio company of private equity firms HGGC and Charlesbank Capital Partners,…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has agreed with Emery Oleochemicals and ERCA Group to buy their jointly-owned new alkoxylation facility, ERCA Emery Surfactant B.V., in the Moerdijk integrated industrial park in the Netherlands. As an on-pipe facility, commissioned in 2014,…
Evonik Industries AG (Essen, Germany; www.evonik.com) has signed an agreement with Monarch Catalyst Pvt. Ltd., Dombivli (India) to acquire 100% of the company’s shares. The transaction is expected to close during the first half year of 2015 after the required…
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Alcoa Inc. (Pittsburgh, Pa.; www.alcoa.com) has signed a definitive agreement to acquire RTI International Metals, Inc., a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense, energy and medical device markets. Alcoa will purchase…