CB&I (The Woodlands, Rex; www.cbi.com) announced it has entered into a definitive agreement to sell its Capital Services business to an affiliate of private equity investment firm Veritas Capital for $755 million in cash. "I would like to congratulate the…
Ingleside Ethylene, LLC, the 50/50 joint venture between Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) and Occidental Chemical Corp. (OxyChem) announced that its ethylene cracker at OxyChem’s Ingleside, Texas, complex has begun operations on schedule and on budget. The ethylene…
The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that headline global production started the year on a strong note, rising 0.6 percent in January after a similar gain in December, as measured…
Parker Hannifin Corp. (Cleveland, Ohio; www.parker.com) completed its acquisition of Clarcor Inc., a major manufacturer of filtration products, for approximately $4.3 billion in cash, including the assumption of net debt. The strategic transaction creates a combined organization with a comprehensive…
Nel ASA (Oslo, Norway; www.nelhydrogen.com) has entered into a non-binding term sheet to acquire the Connecticut-based hydrogen technology company Proton Energy Systems Inc. (Proton OnSite; www.protononsite.com ). This will create the world’s largest hydrogen electrolyzer company with a global footprint. The…
The Saudi Arabian Oil Company (Saudi Aramco; Dhahran; www.saudiaramco.com) and Petroliam Nasional Berhad (Petronas; Kuala Lumpur, Malaysia; www.petronas.com) signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petrochemical Integrated Development (RAPID) project in the…
Fluor Corp. (Irving, Tex.; www.fluor.com) announced that SunCoke Energy, Inc. (Lisle, Ill.; www.suncoke.com) has awarded Fluor a contract to provide certain maintenance support and capital project services at SunCoke coke facilities in the United States. Fluor will book the undisclosed…
Petróleos Mexicanos (Pemex; Mexico City; www.pemex.com) announced that Air Liquide México S.A. de R.L. de C.V. will supply hydrogen to the Miguel Hidalgo refinery in Tula, for the next 20 years. According to the strategy described in its Business Plan,…
Arkema (Colombes, France; www.arkema.com) recently doubled the capacity of their Kepstan PEKK (Poly-Ether-Ketone-Ketone) product line in France, and confirms its future investment at its Mobile, Alabama site in a world-scale PEKK plant expected to come onstream in the second half…
Toray Industries, Inc. (Tokyo; www.toray.com) announced that it has decided to construct a new large-scale facility to manufacture carbon paper for electrode substrates of fuel-cell stacks at its Ehime Plant (Masaki-cho, Iyo-gun, Ehime, Japan). Toray is currently working on application…