BASF SE (Ludwigshafen, Germany; www.basf.com) has reached an agreement with Cognis Holding Luxembourg S.à r.l. controlled by Permira Funds, GS Capital Partners and SV Life Sciences to acquire the specialty chemicals company Cognis for an equity purchase price of €700…
The engineering and construction company M+W Group (formerly M+W Zander; Stuttgart, Germany; www.mwgroup.net) has successfully completed its first order to build a lithium-ion battery plant. In Varkaus, Finland the Finnish battery manufacturer European Batteries Oy has commissioned its new factory…
Global chemical output is expected to grow 7.2% in 2010, the American Chemistry Council (Arlington, Va.; www.americanchemistry.com) says in its just released 2nd Quarter 2010 Situation & Outlook report. The anticipated 2010 gain will be followed by a more moderate 5.0%…
KBR, Inc. (Houston; www.kbr.com) has been awarded a contract by Tierra Del Fuego Power & Chemical Co., Ltd. to provide licensing and process design for a grassroots ammonia plant in Tierra Del Fuego, Argentina. KBR will license its conventional ammonia…
Praxair (China) Investment Co. (Shanghai; www.praxair.cn) has signed a multi-year agreement with Evergreen Solar Energy China Co. to supply bulk industrial gases for its solar wafer manufacturing facility in Wuhan, China. Evergreen Solar develops, manufactures and markets solar-power products based…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Power Group has been awarded a contract by Sinopec Wuhan Co. for the design and supply of three circulating fluidized-bed (CFB) steam generators for the Sinopec Wuhan…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says a subsidiary of its Global Engineering and Construction Group has been awarded contracts by SOCAR & TURCAS Rafineri A.S. (STRAS) for its planned grassroots refinery to be built within the Petkim Petrokimya A.S.…
Akzo Nobel N.V. (Amsteredam, the Netherlands; www.akzonobel.com) today announced the sale of its National Starch business to Corn Products International (Westchester, Ill.). The company will receive $1.3 billion in cash and the buyer will assume certain pension and employee benefit liabilities.…
Overall production in the chemical industries fell by 0.9% in May, following a 0.4% gain in April, but wider industrial production surged ahead by a greater-than-expected 1.2% in May, the American Chemistry Council (ACC; Arlington, Va.; www.americanchemistry.com) Weekly Chemistry and…
RWE Power (Cologne, Germany; www.rwe.com) and Linde-KCA-Dresden GmbH (www.linde-kca.com), a subsidiary of The Linde Group (Munich, Germany; www.linde.com), have signed a framework agreement on the use of technology developed by RWE Power for drying lignite. This turns Linde-KCA-Dresden into a provider…