Kobe Steel, Ltd. (Tokyo, Japan), together with its wholly owned U.S. subsidiary, Midrex Technologies, Inc., has reached a non-binding agreement with Vale S.A., the world's largest iron ore producer, and Mitsui & Co., Ltd., a global trading and investment company…
Sabic announced that its wholly owned business Nusaned Investment signed a deal with Suhul Alkhalej for Industrial Development and Investment Company (Suhul Alkhalej). The new venture will own and operate a factory to manufacture wood-plastic composite (WPC) profiles for decking…
McDermott International Ltd. (Houston) announced it has been awarded a large engineering and procurement contract from Azikel Petroleum Ltd. for the modular 12,000 barrel per day (bbl/d) Hydro-Skimming Refinery project. The facility will be located in Yenagoa, Bayelsa State within…
Scientists from ExxonMobil Corp. (Irving, Tex.), the Georgia Institute of Technology and Imperial College of London have published joint research on potential breakthroughs in a new membrane technology that could reduce emissions and energy intensity associated with refining crude oil.…
Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of…
Aker Solutions is launching a series of structural and strategic changes to transform the company and enhance shareholder value by spinning off the wind and carbon capture businesses to shareholders and merging Aker Solutions ASA with Kværner ASA to create…
Arkema S.A. (Colombes, France) announced the proposed acquisition of Fixatti, a company specialized in high-performance thermobonding adhesive powders. This acquisition will enable Bostik to strengthen its global offering of hotmelt adhesive solutions for niche industrial applications in the construction, technical…
Evonik Industries AG (Essen, Germany) is further expanding its business in the area of additive manufacturing. The specialty chemicals company has opened a new technology center for 3D printing in Austin, Texas. The U.S. site will play a key role…
Air Liquide (Paris, France) and NLMK, a leading steel producer in Russia, have entered into a new long-term partnership. Under the agreement, Air Liquide will invest around 100 million euros in the flagship site of NLMK in Lipetsk, a combination…
Running plant equipment at turndown can present some unique challenges at chemical process industries (CPI) facilties. In this video, we hear from Rajiv Narang, director of the Process Economics Program at IHS Markit, who explains how these problems arise and…