The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) this week issued its 2019 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemistry industry and its contributions to the U.S. and global economies. American…
In the last two years, SNF Group (Andrezieux, France; www.snf.com) has added 75,000 metric tons per year (m.t./yr) of powder-grade polyacrylamide (PAM) production capacity globally to match the increased demand for EOR (enhanced oil recovery) applications. By the end of…
Perdaman Chemicals and Fertilisers (Perdaman) has signed a licensing and engineering contract for Haldor Topsoe A/S’s (Lyngby, Denmark; www.topsoe.com) SynCOR Ammonia solution for its A$4 billion ammonia/urea plant in Karratha, Western Australia. With a planned capacity of 3,500 metric tons…
Elanco Animal Health (Greenfield, Ind.; www.elanco.com) has entered into a definitive agreement to acquire Bayer’s Animal Health business, Bayer AG (Leverkusen, Germany; www.bayer.com) announced on Tuesday. The transaction is valued at $7.6 billion, consisting of $5.3 billion in cash, subject…
PolyOne Corp. (Cleveland, Ohio; www.polyone.com) announced it has entered into a definitive agreement to sell its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million in cash. PolyOne expects to record a pre-tax gain of approximately…
Motiva Enterprises, LLC (Houston; www.motiva.com) and an affiliate of Flint Hills Resources (Wichita, Kan.; www.fhr.com) announced that they have signed an agreement for Motiva to acquire a 100% ownership interest in Flint Hills Resources Port Arthur, LLC. The potential acquisition…
Cemvita Factory Inc. (Houston; www.cemvitafactory.com) and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corp. (Houston; www.oxy.com), announced that they have reached an investment agreement. OLCV’s investment will advance the development of new bio-engineered pathways that use…
Sumitomo Chemical Co. (Tokyo, Japan; www.sumitomo-chem.co.jp) has signed an agreement with Bharat Petroleum Corporation Limited (BPCL; Mumbai, Maharashtra, India) for licensing its propylene oxide (PO) production technology in connection with the petrochemical project which BPCL is conducting. BPCL is one…
Chevron Lummus Global LLC (CLG), a joint venture between Chevron U.S.A. Inc. (Richmond, Calif.; www.chevron.com) and McDermott, Inc. (Houston; www.mcdermott.com) announced its selection by Compañía Española de Petróleos (CEPSA) to provide licensed technology for its Algeciras Refinery in Spain. CLG…
The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for June 2019 decreased from the previous month’s value. The decline is the fourth within the last five months. Decreases in the Equipment, Buildings and Engineering…