On this episode of the Chemical Engineering Podcast, our guest is Aniruddha Sharma, co-founder and chief executive of Carbon Clean, a global leader in post-combustion carbon capture technology and services. Sharma shares his thoughts on the recent COP26 climate meeting,…
Cargill, Inc. (Minneapolis, Minn.) reached an agreement with Croda International Plc (Snaith, U.K.) to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 ($ 1.03 billion) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s…
Metso Outotec Corp. (Helsinki, Finland) has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the…
A new company - Elessent Clean Technologies - has launched, as an international private equity consortium, consisting of BroadPeak Global LP, Asia Green Fund (AGF) and The Saudi Arabian Industrial Investments Company (Dussur), completed its transaction to purchase the Clean…
SK Geo Centric (SKGC), a subsidiary of SK Innovation (Seoul, South Korea) and Tokuyama Corp. (Tokyo) plan to invest roughly KRW 120 billion (around $100 million) in a joint venture (JV) in Ulsan, Korea. The JV will produce and sell…
Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (Mumbai), has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. (Sheffield, U.K.) for an enterprise value of £100 million. In addition, RNESL will also…
ENEOS Corp. (Tokyo, Japan) and Preferred Networks, Inc. (PFN) announced that they have succeeded in operating a butadiene extraction unit autonomously at ENEOS Kawasaki Refinery's petrochemical plant for two consecutive days using a new artificial intelligence system. Jointly developed by…
Röhm (Darmstadt, Germany) announced that it has invested a double-digit million amount in the expansion of a production plant for PLEXIGLAS (branded in the Americas as ACRYLITE) molding compounds in Shanghai. In November 2021, Röhm also announced the expansion of…
Clariant AG (Muttenz, Switzerland) has signed definitive agreements to acquire BASF’s U.S. Attapulgite business assets for $60 million in cash, including the signing of a long-term supply agreement for attapulgite-based products to BASF. The acquisition is subject to customary closing…
Merck KGaA (Darmstadt, Germany) announced that its Life Science business sector has been awarded a €121 million contract award for the construction of a lateral flow membrane production facility over a three-year period at the company’s U.S. site in Sheboygan, Wisconsin.…