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Lyondell Basell to Buy A. Schulman for 2.25 Billion Dollars

Acquisition

Lyondell Basell to Buy A. Schulman for 2.25 Billion Dollars

02/16/2018 - Both the companies have entered into a definitive agreement. With this business deal, Lyondell Basell plans to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio. read...

Akzo Nobel Inaugurates Powder Coatings Plant

India: Powder Coatings

Akzo Nobel Inaugurates Powder Coatings Plant

02/16/2018 - Akzo Nobel has inaugurated of a new $ 11.3 million facility for the production of powder coatings. Located in Thane, Mumbai, the plant is the company's sixth production site in India. read...

Haldor Topsoe Signs Agreement with Jitri to Set Up Joint R&D Company in China

China: Catalysis and Surface Science

Haldor Topsoe Signs Agreement with Jitri to Set Up Joint R&D Company in China

02/16/2018 - The new company will focus on the fast commercialization of new technologies and services and is expected to develop cost-effective NCA batteries for electric cars as its maiden project. read...

Sasol Chemicals Completes Capacity Expansion at Alumina Plant

Germany: Alumina Production

Sasol Chemicals Completes Capacity Expansion at Alumina Plant

02/15/2018 - Sasol Chemicals’ Inorganics and Catalyst division announced the completion of its alumina capacity expansion at Sasol’s Brunsbüttel site in Germany. read...

Jacobs to Conduct Expansion Feasibility Study on Borealis' Propylene Facilities

Belgium: Polypropylene Plant

Jacobs to Conduct Expansion Feasibility Study on Borealis' Propylene Facilities

02/15/2018 - Jacobs Engineering has been awarded a contract to complete a feasibility study for the expansion of Borealis’ polypropylene plants in Belgium. The study was awarded under the terms of the existing framework agreement with Borealis. read...

Yara and Arab Potash Company Sign MoU

Jordan/Norway: Potassium Nitrate

Yara and Arab Potash Company Sign MoU

02/15/2018 - Yara and Arab Potash Company, the Jordan-based potash producer have signed an MoU for mutual cooperation in the field of potassium nitrate production and sales. read...

Akzo Nobel & Evonik JV Commences Chlorine and Potassium Hydroxide Production

Germany: Business Collaboration

Akzo Nobel & Evonik JV Commences Chlorine and Potassium Hydroxide Production

02/14/2018 - Akzo Nobel Specialty Chemicals and Evonik Industries have started production at their new joint venture plant in Ibbenbüren, Germany. The membrane electrolysis technology is being used by the facility to produce 120,000 metric tonnes of potassium hydroxide and 75,000 metric tons of chlorine annually. read...

Solvay Completes Sale of Charleston Plant and Accelerates Succession of CEO

Belgium: Phosphorus Plant

Solvay Completes Sale of Charleston Plant and Accelerates Succession of CEO

02/14/2018 - Solvay has completed the sale of its US facility in Charleston, South Carolina, and the phosphorus derivatives-based products made at the plant to German specialty chemicals company Lanxess. In a separate press release, the company announced that the Board of Directors was informed of Engie's decision to propose Jean-Pierre Clamadieu as its Chairman following his election as Board Member at the French company's next Shareholder meeting on May 18, 2018. read...

Biotech M&A’s at All Time High: Global Data

Pharma Business Deals

Biotech M&A’s at All Time High: Global Data

02/14/2018 - With a combined acquisition value of more than 26 billion dollars, drug makers Celgene and Sanofi plan to expand their oncology and hematology portfolios. Global Data predicts many other leading pharma players to expand through M&A. read...

Chevron Lummus to Conduct Master Plan Study for Mol Group

Hungary: Petrochemical Value Chain

Chevron Lummus to Conduct Master Plan Study for Mol Group

02/14/2018 - Chevron Lummus Global (CLG), a joint venture between Chevron and CB&I, has been selected for a Master Plan Study by Mol Group headquartered in Budapest, Hungary. read...

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