The Board of Lucite International Group Ltd., (Southampton, UK; www.lucite.com), has announced that the company will be acquired by Mitsubishi Rayon Co. for a total cash consideration of approximately $1.6 billion. The purchase is subject to approval by the relevant…
Today, PricewaterhouseCoopers LLP, (PwC) released its quarterly report Chemical Compounds: Global Chemicals Mergers & Acquisitions Analysis – Third Quarter 2008, which provides details on deal transactions and reveals trends in the chemical industry. Chemical Compounds reported 27 deals, valued at over $50 million,…
Laboratoires Sérobiologiques (LS; www.laboratoires-serobiologiques.com), the active ingredients business of Cognis Care Chemicals, has begun to enhance its production site in Pulnoy, France. With this step, LS wants to further establish its site in France as a technology center for the…
Borealis AG (www.borealisgroup.com) has selected LyondellBasell’s (Rotterdam, Netherlands; www.lyondellbasell.com) Lupotech T technology for a new 350,000 ton/yr low density polyethylene (LDPE) plant; start-up is expected in 2013. “This investment is an important step in our growth strategy and our selection…
Novo Nordisk A/S (Bagsvaerd, Denmark; www.novonordisk.com) today announced a major investment in a new insulin production plant in Tianjin, China. The plant has been designated Novo Nordisk’s primary production base in the Asia Pacific region and will supply both China…
SulphCo, Inc. (Houston, Tex.; www.sulphco.com), a technology company with a patented ultrasound process to desulfurize crude oil, announced today, that in October field trials it successfully duplicated on a commercial scale the positive results recently produced in its Houston laboratory.…
Lurgi GmbH (Frankfurt, Germany; www.lurgi.com) has signed a global agreement for the use of Intergraph SmartPlant Enterprise software and has joined the worldwide Software License Agreement (SLA) of it's parent company Air Liquide (www.airliquide.com). Lurgi is a global company that specializes…
Outotec Oyj (Espoo, Finland; www.outotec.com) and Eesti Energia (www.energia.ee) have agreed to form a joint company for the development and marketing of sustainable, energy-efficient and economically viable oil shale processing methods. Eesti Energia will have a majority 60% stake and…
Foster Wheeler Ltd., (Clinton, N.J.; www.fwc.com), a global engineering and construction contractor and power equipment supplier, announced that its South African subsidiary, Foster Wheeler South Africa, has been awarded a front-end-engineering design (FEED) contract. The contract was awarded by Sasol…
K-TEK Corp., (Prairieville, La.; www.ktekcorp.com), a leading manufacturer of instrumentation for liquid-level measurement, has announced the integration of ASI Instruments to the corporation’s product lines. ASI Instruments specializes in level detection and measurement for dry-bulk solids. ASI Instruments will become…