Royal DSM N.V. (Geleen, the Netherlands) has reached an agreement to sell its Resins & Functional Materials and associated businesses (together, RFM) to Covestro AG (Leverkusen, Germany) for an Equity Value of €1.6 billion. The proposed transaction is another step…
TechnipFMC (Houston) has been awarded a significant contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at the Moerdijk petrochemicals complex in the Netherlands. The new furnaces…
ABB (Zurich, Switzerland), working with TAKRAF, has completed commissioning and testing for the world's highest-powered gearless conveyor drive system, enabling continuous operations at Chuquicamata copper mine in Chile ABB has provided engineering design, gearless conveyor drives, electrical equipment for power…
LyondellBasell Industries N.V. (Rotterdam, the Netherlands) released its annual Sustainability Report with the aim of affecting positive change and is focused on three transformational areas including plastic waste, climate change, and thriving societies. LyondellBasell announced one of the most ambitious…
Honeywell UOP (Des Plaines, Ill.) announced that PT Pertamina (Persero) will use Honeywell UOP technologies to produce advanced biofuels at its Plaju and Cilacap refineries in Indonesia. The company will use UOP Renewable Jet Fuel Process technology at its Plaju…
California Bioenergy LLC (CalBio), Chevron U.S.A. Inc. (San Ramon, Calif.) and local dairy farmers announced their joint venture, CalBioGas LLC, successfully achieved first renewable natural gas (RNG) production from dairy farms in Kern County. The milestone underpins the partners’ commitment…
Hexion Inc. (Columbus, Ohio) announced that it has entered into a definitive agreement to sell its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and Investindustrial. The consideration consists of $335…
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.6 percent in September on a three-month moving average (3MMA) basis, following a 2.7 percent gain in August. On a…
Saudi Aramco and the Institute of Energy Economics, Japan (IEEJ), in partnership with SABIC, have successfully demonstrated the production and shipment of blue ammonia from Saudi Arabia to Japan with support from the Japanese Ministry of Economy, Trade and Industry.…
Tokuyama Corp. (Tokyo) hereby announces that, at a Board of Directors’ meeting held on September 25, 2020, the decision was taken to establish a 50-50 joint venture (JV) in Taiwan with Formosa Plastics Corp. (Taiwan) for the purpose of manufacturing…