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Chemical Engineering

Northvolt receives funding for world-scale LIB recycling, capacity expansion

Northvolt AB (Stockholm, Sweden) announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, enabling the company to make further investments in expanding its production and recycling capacity for…

Covestro to acquire DSM’s Resins & Functional Materials business

Royal DSM N.V. (Geleen, the Netherlands) has reached an agreement to sell its Resins & Functional Materials and associated businesses (together, RFM) to Covestro AG (Leverkusen, Germany) for an Equity Value of €1.6 billion. The proposed transaction is another step…

TechnipFMC awarded contract for Shell’s Moerdijk furnace upgrade

TechnipFMC (Houston) has been awarded a significant contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at the Moerdijk petrochemicals complex in the Netherlands. The new furnaces…

ABB completes commissioning of groundbreaking conveyor system at world’s largest open-pit copper mine

ABB (Zurich, Switzerland), working with TAKRAF, has completed commissioning and testing for the world's highest-powered gearless conveyor drive system, enabling continuous operations at Chuquicamata copper mine in Chile ABB has provided engineering design, gearless conveyor drives, electrical equipment for power…

Hexion to divest three business units for $425 million

Hexion Inc. (Columbus, Ohio) announced that it has entered into a definitive agreement to sell its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and Investindustrial. The consideration consists of $335…

Tokuyama and Formosa Plastics form IPA joint venture

Tokuyama Corp. (Tokyo) hereby announces that, at a Board of Directors’ meeting held on September 25, 2020, the decision was taken to establish a 50-50 joint venture (JV) in Taiwan with Formosa Plastics Corp. (Taiwan) for the purpose of manufacturing…

Air Liquide acquires majority stake in France-based cryogenics expert Cryoconcept

Air Liquide (Paris) has acquired 80% of the capital of the French company Cryoconcept, which specialises in dilution refrigeration - a technology allowing to reach very low temperatures. This transaction enables Air Liquide to strengthen its expertise in the field…

Corbion and Total to build first world-scale PLA plant in Europe

Total S.A. (Paris, France) and Corbion (Amsterdam, the Netherlands) announced their intention to build a new PLA (Poly-Lactic Acid) bioplastics plant in Europe through their Total Corbion PLA joint venture. The plant is expected to have a capacity of 100,000…

Showa Denko to consolidate German subsidiaries

Showa Denko K.K. (SDK; Tokyo) has announced that its consolidated subsidiary Showa Denko Carbon Holding GmbH (SDCH) will merge with its consolidated subsidiary Showa Denko Europe GmbH (SDE), and that the surviving company SDCH will change its company name into…

Calgon Carbon adds activated-carbon production capacity in Belgium

Calgon Carbon Corp. (Pittsburgh, Pa.), a wholly owned subsidiary of Kuraray Co., announced that it will add an industrial reactivation furnace at its Chemviron operations in Feluy, Belgium. The Feluy site is the largest reactivation facility in the world, and…