Ametek, Inc. (Berwyn, Pa.; www.ametek.com) has announced that it has acquired Controls Southeast, Inc. (CSI), a manufacturer of custom-engineered thermal solutions, from Industrial Growth Partners for approximately $160 million. Based near Charlotte, NC, Controls Southeast has annual sales of approximately…
Solazyme, Inc. (South San Francisco, Calif.; www.solazyme.com), a renewable oil and bioproducts company, and Sasol Olefins & Surfactants have announced that they have finalized commercial terms for the supply of an algal oil rich in erucic acid (C22:1) that is…
Ashland Inc. (Covington, Ken.; www.ashland.com) has opened its new gelcoats production facility in the Chemical Industry Park of Changzhou Yangtze Riverside Economic Development Zone. This $60 million dollar facility, which is Ashland’s most advanced gelcoats plant in the world, serves…
Johnson Matthey Davy Technologies (JM Davy; London, U.K. www.davyprotech.com) and The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that PetroChina Guangdong Petrochemical Co., a subsidiary of PetroChina Company Ltd. (PetroChina), China's largest oil-and-gas producer and distributor, has selected LP Oxo…
ABB (Zurich, Switzerland; www.abb.com), a power and automation technology group, announced today the acquisition of Alstom’s ring motor business to enhance its gearless mill drive (GMD) system business. The parties agreed not to disclose financial details of the transaction. The…
Sibur (Moscow, Russia; www.sibur.com) a gas processing and petrochemicals company and China Petroleum and Chemical Corporation (Sinopec Corp.), a major global petroleum and petrochemical enterprise group entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners…
Neville Venture (Pittsburgh, Pa. www.nevchem.com), a joint venture between US-based companies GTC Technology and Neville Chemical Co., has signed a strategic partnership agreement with Versalis (Eni) for the production of hydrocarbon resins at Versalis’s plant in Priolo, Italy. GTC also…
Rive Technology (Princeton, N.J.; www.rivetechnology.com), a provider of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries, today announced the closing of a $20 million round of financing from leading energy investors.…
The Manufacturing PMI (Purchasing Manager’s Index) for the U.S. rose by 4.5 points in July to 55.4, its highest level in two years, according to data from the Institute for Supply Management that was included in the American Chemistry Council’s…