Aramco (Dhahran, Saudi Arabia) has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemical Co. (Petro Rabigh), the refining and petrochemical complex located on the Kingdom of Saudi Arabia’s west coast, from…
Arcadium Lithium plc (Philadelphia, Pa.) announced it has acquired the lithium metal business of Li-Metal Corp. (Markham, Ont., Canada). The all-cash $11-million acquisition includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility…
Chevron Corp. (Houston) announced the relocation of the company’s headquarters from San Ramon, Calif., to Houston, Tex. and senior leadership changes. Chevron Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will move to Houston before the end of…
Nippon Shokubai Ltd. (Tokyo) has announced a plan to build a superabsorbent polymers (SAP) plant with 50,000 metric tons per year (m.t./yr) at its Indonesian subsidiary, PT. Nippon Shokubai Indonesia (NSI). This new plant will augment an existing SAP plant…
Parker Hannifin Corp. (Cleveland, Ohio) announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully…
OCI Global N.V. (Amsterdam, the Netherlands) announced that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project under construction in Beaumont, Texas (OCI Clean Ammonia), to Woodside Energy Group Ltd.…
The Lubrizol Corp. (Cleveland, Ohio) announced that it signed a Memorandum of Understanding to purchase a 120-acre plot in Aurangabad, India, where it plans to construct a new manufacturing facility to initially support the region’s growing transportation and industrial fluid…
Veolia (Paris) announced that its subsidiary Veolia North America has signed an agreement for the divestment of Veolia North America Regeneration Services, which includes its sulfuric acid and hydrofluoric acid regeneration activities for refineries, to private equity firm American Industrial…
Nitrile compounds (R–N≡N) are important for the manufacturing of fragrances, pharmaceuticals, superglue and chemical-resistant gloves. Currently, such nitrile compounds require the use of highly toxic cyanide in their synthesis. Now, an alternative cyanide-free chemo-enzymatic cascade process is being developed by…
Process heating systems are critical parts of chemical process industries (CPI) facilities. Unfortunately, the reliable, efficient operation of utility systems is often taken for granted, and they receive little engineering attention. This is perhaps understandable, since these systems play a…