Sumitomo Chemical Co. (Tokyo, Japan; www.sumitomo-chem.co.jp) and Dongwoo Fine-Chem, Sumitomo Chemical's subsidiary located in Korea, have invested $150 million into a new project at the Changzhou National Hi-Tech District (CND) facility of Sumika Electronic Materials (Changzhou) Co., Ltd. Designed to…
McDermott International, Inc. (Houston; www.mcdermott.com) and Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC), announced that KIPIC has awarded McDermott a technology contract for the basic engineering, technology license and catalyst for an integrated Low…
John Crane (Chicago, Ill.; www.johncrane.com) finalized its purchase of the Industrial Division of Advanced Diamond Technologies (ADT). ADT, based in Romeoville, Illinois, is a leader in the development and application of diamond films for industrial, electronic, mechanical and medical applications. “John…
The Saudi Arabian Oil Company (Saudi Aramco; Dhahran; www.saudiaramco.com) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture (JV) in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Abdulaziz…
The Chemours Co. (Wilmington, Del.; www.chemours.com) announced a strategic partnership with UniEnergy Technology LLC (UET), a redox flow battery (RFB) manufacturer headquartered in Mukilteo, Washington. With their long run time, maintaining full storage capacity over 20 years, scalability and improved…
BASF SE (Ludwigshafen, Germany; www.basf.com) has announced that BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc. Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as…
Emerson (St. Louis, Mo.; www.emerson.com) has acquired Bioproduction Group (Bio-G), a leader in simulation, modeling, and scheduling software for biomanufacturing. Bio-G’s scheduling and modeling systems combined with Emerson’s extensive life sciences technology and expertise portfolio will help companies bring therapies…
Sandvik Group (Stockholm, Sweden; www.home.sandvik.com) has acquired privately-owned Newtrax, a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment. “By including Newtrax into the Sandvik family we further…
Nouryon (formerly AkzoNobel Specialty Chemicals; www.nouryon.com) has completed a €4-million expansion at Mahad, India which will increase organic peroxides production capacity at the site by 80%. The increased capacity will support growing customer demand in India and the Middle East…
The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for February 2019 decreased from the previous month's value. In addition, the final value for the January 2019 CEPCI was downwardly revised by a modest amount…