Elkem (Oslo, Norway) announced the opening of a new energy recovery plant at the Elkem Salten site in the northern part of Norway. The installation positions Elkem Salten as one of the most energy effective silicon plants in the world,…
Lanxess AG (Cologne, Germany) announced that it has started up a new production line for the manufacture of water-based compounds in Nantong, China. The business belongs to the Urethane Systems (URE) business unit which is also producing polyurethane dispersions, an important…
ECI Group (Manchester, U.K.) has signed an Engineering Expertise Agreement with Shandong Yulong Petrochemical Co. Ltd., a subsidiary of China’s Nanshan Group, for a dual-stream plant capable of producing 200,000 metric tons per year (m.t./yr) of ethylene vinyl acetate (EVA)…
Solenis LLC (Wilmington, Del.) has merged with Sigura Water (Alpharetta, Ga.), an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. The combined company generates approximately $3.5 billion of revenue. Headquartered in Wilmington, Delaware,…
Sika AG (Baar, Switzerland) has signed a definitive agreement to acquire MBCC Group (Mannheim, Germany), the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of CHF 5.5 billion (€5.2…
Johnson Matthey plc (JM; London) has been working to commercialize its range of high nickel cathode materials, principally for the automotive industry. Following a detailed review and ahead of reaching a number of critical investment milestones, JM concluded that the potential…
The Chemours Company (Wilmington, Del.) announced a new facility dedicated to the expansion of its hydrofluoroolefin (HFO) platform Opteon1150, chemically referred to as HFO-1336mzzE. Opteon 1150 is a non-ozone depleting, low global warming potential (GWP) product. The new plant, located…
Honeywell UOP (Des Plaines, Ill.) announced that Big West Oil has selected ISOALKY technology to produce alkylate used to make clean-burning motor fuels at its Salt Lake City refinery. The refiner is the second in North America to revamp its…
Oilon Group Oy (Lahti, Finland) celebrates the inauguration of a new production facility for industrial heat pumps in Kokkola, Finland. The new factory will quadruple Oilon’s production capacity of industrial heat pumps. “Large industrial-scale heat pumps are a very cost-efficient…
Lanxess AG (Cologne, Germany) will transfer its High Performance Materials (HPM) business unit to an independent legal corporate structure. HPM is one of the leading suppliers of high-performance plastics. The materials are used primarily in the automotive, electrical and electronics…