Latest News
Baker Hughes to acquire inspection specialist Quest Integrity
Baker Hughes Co. (Houston) has announced an agreement to acquire Quest Integrity, a subsidiary of Team, Inc and a global leader in the development and delivery of technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power…
Sasol Chemicals is expanding its use of ‘green’ steam in Germany
Sasol Chemicals, a business unit of Sasol Ltd. (Johannesburg, South Africa),plans to double its use of green steam from a first of its kind biomass cogeneration facility adjacent to its Brunsbüttel, Germany facility. Sasol Chemicals will lease land adjacent to…
LG Chem and ADM launch two joint ventures for plant-based products
LG Chem Ltd. (Seoul, South Korea) and Archer-Daniels-Midland Co. (ADM; Chicago) held a signing ceremony launching two joint ventures for U.S. production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including…
Mitsui Chemicals and Teijin join forces to develop biomass-based BPA and PC resins
Mitsui Chemicals, Inc. (Tokyo) and Teijin Ltd. (Tokyo) jointly announced that they will become Japan’s first companies to develop and market biomass-derived bisphenol A (BPA) and polycarbonate (PC) resins, that will support efforts to achieve carbon neutrality by reducing greenhouse…
Evonik’s Coating Additives business expands production capacity in Taiwan
The Coating Additives business line of Evonik Industries AG (Essen, Germany; www.evonik.com) is expanding the production capacity of its ACEMATT precipitated matting agents at its manufacturing facility in Taiwan. The significant capacity increase will help to meet the rising demand…
Baker Hughes opens new oilfield-chemicals plant in Singapore
Baker Hughes (Houston; www.bakerhughes.com) has opened a new oilfield services chemicals manufacturing facility in Singapore, enabling manufacturing optimization and faster delivery of fit-for-purpose chemical solutions. The facility, which spans approximately 40,000 square meters, will manufacture, store and distribute chemical solutions…
ABB to acquire Siemens’ low-voltage NEMA motor business
ABB Inc. (Zurich, Switzerland) signed an agreement to purchase Siemens’ low-voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management…
Eurotecnica to provide process technology for world’s largest melamine plant
Eurotecnica (Milan, Italy), the technology arm of the Proman family of companies, a global leader in natural gas derived products and services, announced a contract award from Xinji Energy Chemical Co. Ltd. for the implementation of the largest high-pressure melamine…
McDermott awarded pre-FEED contract for low-carbon hydrogen project in Western Australia
McDermott International, Inc. (Houston) has been awarded a Pre Front-End Engineering Design (Pre-FEED) contract from Woodside Energy for the proposed H2Perth project located in the Kwinana/Rockingham area in Western Australia. Under the contract scope McDermott will provide pre-FEED services for…
Avient to divest its distribution business for $950 million
Avient Corp. (Cleveland, Ohio) announced it has entered into a definitive agreement to sell its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash, subject to regulatory approval. On April 20, 2022, the company announced it…