Effective 1 January 2022, the Endress+Hauser (Reinach BL; Switzerland) subsidiaries SpectraSensors, Inc. and Kaiser Optical Systems, Inc. have joined forces to form a new company: Endress+Hauser Optical Analysis, Inc. By consolidating its expertise in the field of laser-based measurement technology,…
Clariant AG (Muttenz, Switzerland) completed the sale of its Pigments business to a consortium of Heubach Group (Heubach) and SK Capital Partners (SK Capital). As announced upon signing of the transaction, the base enterprise value of the sale amounts to…
Behind the digital tools that make the industrial internet of things (IIOT) in the power generation and chemical process industries are people. The 2021 Connected Plant Conference in Austin, Texas recognized the achievements of several individuals and companies who are fast…
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…