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Petronas Chemicals to acquire Perstorp for $2.4 billion
Perstorp AB (Malmö, Sweden) announced that it will be acquired by PETRONAS Chemicals Group Berhad (PCG; Kuala Lumpur, Malaysia). PCG signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. »
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BASF expands antioxidants production capacity in Singapore
BASF SE (Ludwigshafen, Germany) has expanded the production capacity for its antioxidant Irganox 1010 at its site on Jurong Island, Singapore, by integrating an additional production line into the existing production facilities. »
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Technip Energies licenses epichlorohydrin process technology for new plant in Malaysia
Technip Energies (Paris) announced that OCIKUMHO Sdn. Bhd., a joint venture between OCIM Sdn. Bhd. and Kumho P&B Chemicals has signed a license agreement for a 100,000-ton/yr EPICEROL plant for the production of epichlorohydrin (ECH) from glycerine. ECH is a compound mainly used to produce epoxy resins. »
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Metso Outotec and CSIRO cooperating to provide agitation technologies for alumina refineries
Metso Outotec Corp. (Helsinki, Finland) and Australia’s national science agency, Commonwealth Scientific and Industrial Research Organisation (CSIRO; Melbourne), have signed a global exclusive cooperation agreement on the delivery of SwirlFlow agitation technology for the Bauxite and Alumina sector outside of China. »
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Solvay invests in Portugal manufacturing site to increase natural ingredients footprint
Solvay S.A. (Brussels, Belgium) announced an investment in Suanfarma’s Cipan manufacturing site located in Lisbon, Portugal to develop its biotechnological capabilities and support the development of natural ingredients. This transaction, to be completed by mid-2023, is the first step of a long-term strategic alliance with Suanfarma. »
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ADM to expand starch production capacity in Minnesota
ADM (Chicago) announced it will invest to significantly expand starch production at its Marshall, Minnesota, facility in order to meet fast-growing demand from the food and beverage sectors, and to support the continued expansion of the company’s BioSolutions platform. »
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