Technip (Paris, France; www.technip.com) and FMC Technologies, Inc. (Houston; www.fmctechnologies.com) announced that the companies will combine to create a global company, which will be called TechnipFMC, with an equity value of $13 billion based on pre-announcement share prices. The companies…
Sumitomo Chemical Co. (Tokyo; www.sumitomo-chem.co.jp) has decided to expand its production capacity for the feed additive methionine by adding a new production line in its Ehime Works in Niihama City, Ehime Prefecture, Japan, to meet the active demand in the…
Gevo, Inc. (Englewood, Colo.; www.gevo.com) has entered into an agreement with Clariant (Muttent, Switzerland; www.clariant.com) to develop catalysts to enable Gevo’s ETO technology. As previously disclosed, Gevo’s ETO technology, which uses ethanol as a feedstock, produces tailored mixes of propylene,…
A joint development program focused on bio-based PBS (polybutylene succinate) compounds for injection molding has been launched by Reverdia (www.reverdia.com), a joint venture (JV) between Royal DSM N.V. (Heerlen, the Netherlands; www.dsm.com) and starch-derivatives maker Roquette (Lestrem, France; www.roquette.com), and…
Polynt Group (Bergamo, Italy; www.polynt.it) and Reichhold Group (Durham, N.C.; www.reichhold.com) announced a definitive agreement to effect the combination of the two businesses. The business combination is expected to create a leading global, vertically-integrated manufacturer of resins for composites and…
Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced that current Senior Vice President, General Counsel, Corporate & Government Affairs and Corporate Secretary Karen G. Narwold has been promoted to Executive Vice President and Chief Administrative Officer of the company, effective immediately. …
Honeywell UOP (Des Plaines, Ill.; www.uop.com) says that Shandong Luqing Petrochemical Co. accepted performance of China’s first standalone Honeywell UOP C4 Oleflex process unit, producing 170,000 metric tons per year of isobutylene. The unit, located in Shandong Province on China’s…
Akzo Nobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) has completed phase one of the €2.5-million expansion of its performance coatings plant in Cikarang, Indonesia. The investment will increase capacity at the facility by 40%, and will help the company meet growing…
Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) announced the startup of operations at its brand-new color pigments facility in Augusta, Ga. Huntsman has invested more than $172 million in the development of the new production plant, the first of its kind…
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a two-year contract from Saudi Aramco Total Refining and Petrochemical Company (SATORP) to provide general engineering services (GES) at SATORP’s Jubail Industrial City II facilities in Saudi Arabia. Under the terms…