Dow (Midland, Mich.; www.dow.com) announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to Altivia Ketones & Additives, LLC, an affiliate of Altivia, a privately held producer of chemicals headquartered in Houston, Texas. “This…
Saudi Aramco (Dhahran; www.saudiaramco.com) and Reliance Industries Limited (RIL; Mumbai; www.ril.com) have agreed to a non-binding Letter of Intent (LOI) regarding a proposed investment in the Oil-to-Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses of RIL. Saudi…
Lanxess AG (Cologne, Germany; www.lanxess.com) is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies on August 12, 2019 signed a respective agreement. The transaction is still subject to approval by the relevant antitrust…
McDermott International, Inc. (Houston; www.mcdermott.com) announced it has been awarded a sizeable contract by PetroLogistics ll LLC to perform the front-end engineering design (FEED) services for a propane dehydrogenation (PDH) facility planned for the U.S. Gulf Coast. Under the scope…
Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) has acquired the business of privately held Chemstar Corporation, a U.S.-based supplier of food safety and cleaning and sanitizing solutions focused on the grocery and food retail markets. Chemstar and its Sterilox Fresh product…
INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) hosted a groundbreaking ceremony for its new ASA (acrylonitrile styrene acrylate) plant in Bayport, Texas. The development of the new site is part of a bigger expansion plan for the Americas, which includes increased ABS…
The Board of ABB (Zurich, Switzerland; www.abb.com) has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter…
CarbonCure Technologies (Dartmouth, N.S., Canada; www.carboncure.com), and Linde (www.linde.com) have partnered to introduce the award-winning CarbonCure Technology to Europe, Southeast Asia and Oceania. The alliance will allow CarbonCure to accelerate international adoption of CarbonCure’s turnkey carbon solution for the concrete…
Halix B.V. (Leiden, the Netherlands; www.halix.nl), a contract development and manufacturing organization of clinical and commercial proteins and viral products, announced today that it has met its major milestone with the interim delivery of a new 6,700-m2 cGMP facility in…
Indorama Ventures Public Co. Ltd. (IVL; Bangkok, Thailand; www.indoramaventures.com) has announced the acquisition of Huntsman Corp.’s (The Woodlands, Tex.; www.huntsman.com) integrated oxides and derivatives businesses. The purchase price is based on an enterprise value of $2.0 billion and up to…