Fluor Corp. (Irving, Tex.; www.fluor.com) has signed an agreement with U.K.-based private equity firm Arle Capital Partners to acquire 100% of Netherlands-based Stork Holding B.V. for an investment of €695 million ($755 million). Stork is a global provider of maintenance,…
Celanese Corp. (Irving, Tex.; www.celanese.com) announced that it has successfully concluded the sale of its atmospheric (vinyl and acrylics) emulsions unit in La Canonja (Tarragona), Spain. Financial details of the transaction were not disclosed. IQOXE, a Tarragona-based petrochemical company specializing…
Mitsubishi Chemical Corporation (MCC; Tokyo; www.m-kagaku.co.jp) and Taiyo Nippon Sanso Corporation (TNSC) announced plans to jointly market a dehydration system using the MCC-developed Zebrex zeolite membranes for bioethanol production processes in the U.S. MCC provides the zeolite membranes and modules…
Wood Group (Houston; www.woodgroup.com) has agreed to acquire The Infinity Group, a family-owned Texas Gulf Coast industrial construction and maintenance contractor serving the petrochemical, refining and gas processing sectors, for an initial consideration of $150 million. Established in 1952, Infinity…
Fluor Corp. (Irving, Tex.; www.fluor.com) has completed a world-scale isononanol (INA) plant for BASF and China Petroleum & Chemical Corporation (Sinopec) in the Maoming Hi-tech Industrial Development Zone, Maoming, China. The plant, which is a first-of-its-kind in China, was recently…
Platform Specialty Products Corp. (West Palm Beach, Fla.; www.platformspecialtyproducts.com), a global diversified specialty chemicals company, announced that the scheme of arrangement with Alent plc (Woking, U.K.; www.alent.com), dated August 17, 2015, including the terms and conditions of Platform's previously-announced recommended…
LUXI Chemical Group Co., Ltd. will use Honeywell UOP’s (Des Plaines, Ill.; www.uop.com) Advanced Methanol-to-Olefins (MTO) process to convert methanol derived from gasified coal into 293,000 metric tons per year (m.t./yr) of ethylene and propylene at its facility in Liaocheng,…
Invista (Wichita, Kan.; www.invista.com) and LanzaTech (Skokie, Ill.; www.lanzatech.com) have developed a metabolic ‘toolkit’ that has been successfully applied to generate novel metabolic pathways to bio-derived butadiene and key precursors, such as 1,3 butanediol and 2,3 butanediol, resulting in new…
LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) announced that it has entered into a definitive agreement to acquire the polypropylene (PP) compounding assets of Zylog Plastalloys Ltd. (Zylog) of India. Upon completion of the acquisition, LyondellBasell will double its automotive customer base…
Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) announced the acquisition of Indian polyethylene terephthalate (PET) manufacturer Micro Polypet Private Limited (MicroPet), subject to necessary legal approvals. Situated in Panipat district, Haryana state, India, the plant is 90 km north…