Earlier this month, Gas Technology Institute (GTI; Des Plaines, Ill.; www.gastechnology.org) and Yangquan Coal Industry Group signed an agreement to jointly develop an Industrial Demonstration Project for the R-GAS gasification process in China. The installation will be located at the…
Umicore N.V. (Brussels, Belgium; www.umicore.com) has reached an agreement to acquire the heavy-duty diesel and stationary catalyst businesses of Haldor Topsoe for an enterprise value of DKK 900 million (approx. EUR 120 million) plus an earn-out. Haldor Topsoe is a…
Chevron Phillips Chemical Co. LP (The Woodlands, Tex.; www.cpchem.com) announced that the two polyethylene (PE) units of its $6-billion petrochemical investment on the U.S. Gulf Coast successfully achieved the major milestone of mechanical completion. The PE units are now undergoing…
Celanese Corp. (Dallas, Tex.; www.celanese.com), a global technology and specialty materials company, and funds managed by Blackstone, one of the world’s leading investment firms, announced a definitive agreement to form a joint venture (JV) that will create a global acetate…
The preliminary value for the April CE Plant Cost Index (CEPCI; the most recent available) rose compared to the previous month’s value, making it the seventh straight month of increasing values. The gain in the overall PCI was driven by…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced it has formed a new joint venture (JV) with Linde North America named East Coast Nitrogen (ECN) and will build a new 1,100 ton per day world-scale air separation unit (ASU) and industrial…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) marked the opening of a €45-million ($49 million) paint and coatings manufacturing facility and commercial operation in the Lipetsk region of Russia. The site will provide about 200 total positions and produce about 25…
Evonik (Essen, Germany; www.evonik.com) and Royal DSM (Heerlen, the Netherlands; www.dsm.com) will locate the commercial-scale production facility for their omega-3 fatty acids from natural marine algae for animal nutrition in Blair, Nebraska. DSM Nutritional Products and Evonik Nutrition & Care…
Trinseo (Berwyn, Pa.; www.trinseo.com) and API Applicazioni Plastiche Industriali S.p.A. (www.apiplastic.com) have signed a definitive agreement for Trinseo to acquire API. API’s key product areas include: soft-touch polymers including TPEs; thermoplastic polyurethanes (TPUs), EVA-based compounds, and two-component PU; as well…
Songwon Industrial Co. (Ulsan, South Korea; www.songwon.com) announced that its new pilot plant in Panoli (Gujarat), India has come onstream, thereby strengthening the organization’s overall specialty chemicals development capability. Built on Songwon’s Indian site with all the necessary main unit…