On September 3, 2015, Evonik Industries AG (Essen, Germany; www.evonik.com) signed a definitive agreement for acquisition of PeroxyChem Netherlands B.V. (Delfzijl) from PeroxyChem Holdings, L.P. Subject to pending approval by the cartel authorities responsible, the business with its site…
Siemens AG (Munich, Germany; www.siemens.com) and GlaxoSmithKline (GSK; Brentford, U.K.; www.gsk.com) have entered a global strategic partnership. Siemens will become a strategic partner of GSK in manufacturing automation and thus the preferred automation supplier for GSK production and R&D…
The S&P index for chemical companies fell by 6.5% in August, while the broader S&P 500 index also fell 6.3%, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The August…
W.R. Grace & Co. (Columbia, Md.; www.grace.com) announced that it will provide its Unipol polypropylene (PP) technology and services to Hyosung Corporation of Seoul, Korea for its new facility in Ulsan, which is expected to open in 2017. Hyosung is…
Veolia (Paris, France; www.veolia.com) has signed and closed the acquisition of Dutch company AKG Kunststof Groep, a European market leader in the field of recycling and compounding of polypropylene. With this acquisition, Veolia boosts its development in the field of…
Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corp. (MC) and Mitsubishi Heavy Industries, Ltd. (MHI) have reached a final investment decision (FID) for the construction of a methanol and dimethyl ether (DME) plant to be constructed in Trinidad and…
Fluor Corp. (Irving, Tex.; www.fluor.com) says that PTT Global Chemical Public Co. (PTTGC) has selected a Fluor-led team to perform front-end engineering and design work for its proposed petrochemical complex in Belmont County, Ohio. The team includes Fluor, Technip…
Tosoh Corp. (Tokyo; www.tosoh.com) is increasing its zirconia powder production capacity at its Nanyo and Yokkaichi Complexes by approximately 30% in response to growing global demand, particularly for dental and decorative applications. The investment for this expansion is estimated to…
Perstorp Holding AB (Malmö, Sweden; www.perstorp.com) has announced intent to acquire an existing biodiesel plant in Fredrikstad, Norway. "We have ambitious growth plans for biofuels, now and in the future, and we see how the demand will increase to meet…
BP plc (London; www.bp.com) and Oman International Petrichemical Industries Co. (OMPET), a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Co., have entered into a licensing agreement for BP’s latest-generation purified terephthalic acid (PTA) technology. OMPET…