The Dow Chemical Co. (Midland, Mich.; www.dow.com) has signed a definitive agreement under which Dow’s global polypropylene business will be divested to Braskem (São Paulo, Brazil; www.braskem.com.br) for a total enterprise value to Dow of $340 million, comprised of $323…
Bechtel Corp. (San Francisco, Calif.; www.bechtel.com) and Linde AG (Munich, Germany; www.linde.com) announced today they will work together to expand and build ethylene cracker plants in North America. The combination of Bechtel’s unmatched engineering, procurement, and direct-hire construction (EPC) capabilities…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has provided EUR 10 million ($15 million) in a financing round to Plextronics, Inc. (Pittsburgh, Pa.; www.plextronics.com), a printed electronics company. This financing will support the acceleration of Plextronics’ technology development and delivery of its…
BASF SE (Ludwigshafen, Germany; www.basf.com) is planning to double production of its phthalate-free plasticizer Hexamoll DINCH from 100,000 metric tons (m.t.) to 200,000 m.t./yr at the Ludwigshafen site by 2013. Therefore a second production plant will now be built in…
Baker Hughes (Houston; www.bakerhughes.com) has completed its first unconventional hydrocarbon shale hydraulic fracturing and stimulation project in Argentina for YPF (www.ypf.com) in the Neuqun basin. The multistage fracturing operation was performed using over 12,000 hydraulic horse power and a total…
The Dow Chemical Co. (Midland, Mich.; www.dow.com) plans to invest in a best-in-class manufacturing facility for Dow Filmtec reverse osmosis (RO) elements in the Kingdom of Saudi Arabia. “Dow has a 50-year history of innovation and market leadership in the…
KBR (Houston; www.kbr.com) was awarded a contract by Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) to provide licensing and engineering services for PT Pupuk Kalimantan Timur (Pupuk Kaltim) — the largest urea and ammonia manufacturing company in Indonesia. The project…
Merck KGaA (Darmstadt, Germany; www.merck.de) has signed a collaboration agreement with Nano-C, Inc. (Westwood, Mass.; www.nano-c.com), a developer of nanostructured carbon for use in energy and electronics applications. Both companies aim to jointly develop and commercialize advanced semiconducting materials and…
The Dow Chemical Co. (Midland, Mich.; www.dow.com) and the Saudi Arabian Oil Co. (Dhahran, Saudi Arabia; www.saudiaramco.com) announced that the boards of directors of both companies have approved the formation of a joint venture (JV) to build and operate a…
KBR (Houston; www.kbr.com) has been awarded an engineering, procurement and construction (EPC) contract by a wholly owned subsidiary of Molycorp, Inc. (Greenwood Village, Colo.; www.molycorp.com ) to build a new chlor-alkali plant as part of Molycorp’s Project Phoenix. The chlor-alkali…