Akzo Nobel N.V. (Amsterdam) and Axalta Coating Systems Ltd. (Philadelphia, Pa.) have entered into a definitive agreement to combine in an all-stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. The…
BASF (Ludwigshafen, Germany; www.basf.com) and ExxonMobil (Houston, Tex.; www.exxonmobil.com) have formed a strategic collaboration to advance methane pyrolysis technology, a next step toward delivering efficient, cost-competitive low-emission hydrogen solutions for industrial use. The companies have signed a joint development agreement…
Sulzer Ltd. (Winterthur, Switzerland) has been selected by Inpasa, a leading bioenergy producer in Latin America, as the primary equipment supplier of process pumps and agitators for its latest phase of industrial expansion in Brazil. Inpasa is building new biofuel…
BASF SE (Ludwigshafen, Germany) signed a multi-year cooperation agreement with Air Liquide Group’s (Air Liquide) subsidiary, Shanghai Chemical Industry Park Industrial Gases Co., Ltd. (SCIPIG), and Shenergy Group’s subsidiary, Shanghai Shenji Energy & Environment Technology Co., Ltd. (Shenji). The collaboration…
Zachry Group (San Antonio, Tex.) has been awarded the Front-End Engineering Design (FEED) scope for the Lake Charles Methanol II Project, a groundbreaking initiative that will establish the world’s largest low-carbon “blue” methanol facility and rank as the fifth-largest methanol…
Parker Hannifin Corp. (Cleveland, Ohio), the global leader in motion and control technologies, announced that it has entered into a definitive agreement to acquire Filtration Group Corp. on a cash-free, debt-free basis for a cash purchase price of $9.25 billion,…
Solvay S.A. (Brussels, Belgium) and Noveon Magnetics announced the execution of a supply agreement for light and heavy rare earth materials. Under the said agreement, Solvay will supply Noveon with rare earth oxides starting in 2026. The partnership is a…
LOTTE Chemical (Seoul, South Korea) announced that it held a completion ceremony for LOTTE Chemical Indonesia (LCI) in Cilegon, Banten Province, Indonesia. The ceremony was attended by LOTTE Group Chairman Shin Dong-bin, LOTTE Chemical CEO Lee Young-jun, Indonesian President Prabowo…
Petrovietnam Chemical and Services Corporation (PVChem), a member of the Vietnam National Industry and Energy Group (Petrovietnam), and the German industrial gases specialist Messer SE & Co. KGaA (Bad Soden, Germany) officially signed a Joint Venture Agreement to establish Cái…
Mitsubishi Gas Chemical Co. (MGC; Tokyo) announced the completion of construction of a new plant expansion at MGC Electrotechno (Thailand) Co., Ltd. (ETT), a subsidiary of MGC Electrotechno Co. (ET) dedicated to manufacturing BT materials for semiconductor packages. The MGC…