Apergy Corp.(The Woodlands, Tex.; www.apergy.com) and Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) announced that their Boards of Directors have approved a definitive agreement pursuant to which Ecolab will separate the Upstream Energy business of Nalco Champion (which is being renamed…
Altana AG (Wesel, Germany; www.altana.com) is taking over the Swiss overprint varnish specialist Schmid Rhyner AG (Adliswil, Switzerland), thereby strategically expanding its ACTEGA division (www.actega.com). “In acquiring Schmid Rhyner, we are continuing to systematically pursue the Altana strategy of generating…
KBR, Inc. (Houston; www.kbr.com) announced that it has been awarded the Project Management Consultancy Services contract by Nigerian National Petroleum Corp. (NNPC) for front-end engineering design (FEED) definition at the NNPC headquarters in Abuja, Nigeria. Under the terms of the…
Clariant (Muttenz, Switzerland; www.clariant.com) has agreed to sell its entire Masterbatches business to PolyOne Corp. (Avon Lake, Ohio; www.polyone.com). The transaction values the Masterbatches business at $1,560 million, representing about 12.2 times the last twelve months reported EBITDA (ending September…
Hitachi, Ltd. (Toyko; www.hitachi.com) announced that it has executed a tender offer agreement with Showa Denko K.K. (SDK; Tokyo; www.sdk.co.jp) and HC Holdings K.K, a wholly- owned subsidiary of SDK, under which Hitachi agrees to tender all shares of common…
Axens (Rueil-Malmaison, France; www.axens.net) has signed an agreement with PKN Orlen for Vegan Technology License and Process Book Supply for the production of renewable diesel and jet fuel, through hydrotreating of vegetable oils in its Płock Refinery in Poland. Based…
KBR (Houston; www.kbr.com) has been awarded a contract to utilize its proprietary Plinke Magnac technology to produce high-concentration nitric acid at Grupa Azoty’s Tarnow site in Poland KBR will provide basic and detailed engineering design, equipment, and related advisory services…
McDermott International, Inc. (Houston; www.mcdermott.com) announced that it has been awarded a technology contract by Naftna Industrija Srbije (NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia. As part…
Sasol Ltd. (Johannesburg, South Africa; www.sasol.co.za) announced that its Lake Charles Chemical Project (LCCP) Ethane Cracker, located in Lake Charles, Louisiana, is increasing production rates following the successful replacement of the acetylene reactor catalyst. The ethane cracker achieved beneficial operation…
BASF SE (Ludwigshafen, Germany; www.basf.com) today inaugurated the second phase of its new, world-scale antioxidants manufacturing plant at its Caojing site in Shanghai, China. The second phase comprises a synthesis plant to produce the antioxidants Irgafos 168 and Irganox 1076.…