Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.it) announced that its subsidiary Stamicarbon has acquired a 20% stake in Pursell Agri-Tech, LLC, a U.S.-based startup company specialized in developing and marketing polymer-coated, controlled-release fertilizers. The amount of Stamicarbon’s investment is equal to…
Statoil, Shell and Total have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage (CCS) in…
Neste Corp. (Espoo, Finland; www.neste.com) and Jacobs Engineering Group (Dallas, Tex.; www.jacobs.com) have agreed that Neste will acquire the 40% shareholding of Jacobs in Neste Jacobs Oy (www.nestejacobs.com). After this transaction, Neste holds all shares in Neste Jacobs. "Neste Jacobs…
Sean Keohane, president and chief executive officer of Cabot Corp. (Boston, Mass.; www.cabot-corp.com) and Howard Ungerleider, chief financial officer of DowDuPont joined more than 150 local officials, business leaders and community members to celebrate the groundbreaking of Cabot’s fumed silica plant…
Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) has signed an agreement to acquire the paper chemicals business from Georgia-Pacific. This business supplies differentiated products and applications that provide strength, softness and durability to paper. These products and applications will enhance Ecolab’s position…
Kemira Oyj (Helsinki, Finland; www.kemira.com) has signed an agreement to form a joint venture - Kemira TC Wanfeng Chemicals Yanzhou (NewCo) - with Shandong Tiancheng Wanfeng Chemical Technology (Tiancheng). NewCo will strengthen Kemira's position as the global leader in Pulp…
Borealis AG (Vienna, Austria; www.borealisgroup.com) will move to the FEED-phase for a new, world-scale propane dehydrogenation (PDH) plant, after successfully concluding a pre-FEED feasibility study in June 2017. The facility is planned to be located at the existing Borealis production…
Chevron Corp. (San Ramon, Calif.; www.chevron.com) announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board and executive vice…
Honeywell announced today that Nanjing Chengzhi Yongqing Energy Technology Co. Ltd. will build its second methanol-to-olefins (MTO) process unit, which converts methanol from coal and other sources into the olefins that are the essential ingredients for making plastics. The technology…
Eastman Chemical Co. (Kingsport, Tenn.; www.kingsport.com) and Origin Materials (formerly known as Micromidas; www.originmaterials.com) have entered into a non-exclusive license agreement for Eastman to license its proprietary 2,5-Furandicarboxylic Acid (FDCA) and FDCA derivatives production technology from renewable resources to Origin…