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Oxy Low Carbon Ventures, Chevron Technology Ventures Invest in CE

Business Collaboration

Oxy Low Carbon Ventures, Chevron Technology Ventures Invest in CE

01/22/2019 - The equity investment by the two global energy companies in Carbon Engineering will enable the company to advance its innovative low-carbon technology i.e. the Direct Air Capture technology. read...

Boehringer Ingelheim to Expand Manufacturing Capacity of Biologics

China: Biopharmaceuticals

Boehringer Ingelheim to Expand Manufacturing Capacity of Biologics

01/22/2019 - The expansion will be carried out at the firm’s Oasis facility which will also witness its first commercial production and supply of the monoclonal antibody drug. The expansion includes an additional bioreactor along with all the required utility and infrastructure to support the GMP operations. read...

Saudi Aramco to Issue Bonds worth 10 Billion Dollars

Saudi Arabia: Petrochemicals

Saudi Aramco to Issue Bonds worth 10 Billion Dollars

01/22/2019 - The decision has been undertaken as the company is eyeing for funds in order to acquire a major stake in Sabic. Saudi Aramco has plans to buy a 70 % stake in the firm for 70 billion dollars. read...

Zhejiang Chooses Honeywell for Largest Petrochemicals Project in China

China: Technology Licensing

Zhejiang Chooses Honeywell for Largest Petrochemicals Project in China

01/21/2019 - Zhejiang Petrochemical (ZPC) will use a range of process technology from Honeywell UOP for the second phase of an integrated refining and petrochemical complex in Zhoushan, Zhejiang Province. The complex is one of several new large industrial sites that are part of China’s current national economic development plan. read...

Celanese Acquires Linde’s Synthesis Gas Production Unit

USA: Plant Takeover

Celanese Acquires Linde’s Synthesis Gas Production Unit

01/21/2019 - Acquisition of the 365 kilo tonnes per annum synthesis gas production plant by Celanese is expected to provide increased productivity along with significant growth options in the Gulf region. read...

Nouryon Builds New HQ and Research Center

India: Speciality Chemicals

Nouryon Builds New HQ and Research Center

01/21/2019 - The company has set up its new facilities in Mumbai to improve its expanding operations. Nouryon has also undertaken vital projects which comprise expansion and upgradation of the firm’s organic peroxides facility in Mahad along with a new monochloroacetic acid plant in Gujarat. read...

Evonik Acquires US Startup for 3D Printing Materials

Polymers for Additive Manufacturing

Evonik Acquires US Startup for 3D Printing Materials

01/20/2019 - Evonik announced the acquisition of Structured Polymers, a US-based technology startup for 3D printing materials headquartered in Austin, Texas. A corresponding agreement and plan of merger was executed and the transaction has been closed recently. read...

BASF Plans Largest Investment in India to Date

First CO2-Neutral Production Site

BASF Plans Largest Investment in India to Date

01/20/2019 - BASF and Adani Group have signed a Memorandum of Understanding (MoU), to evaluate a major joint investment in the acrylics value chain. This would be the German group’s largest investment in India to date. read...

Update on Chlor-Alkali Production in Europe

Europe: Statistics

Update on Chlor-Alkali Production in Europe

01/18/2019 - Euro Chlor represents 35 full member companies producing chlorine at 65 manufacturing locations in 21 countries. The association shares information on the chlorine and caustic soda industry. read...

BP and Lotte to Expand Production Capacity of Joint Venture Plant

South Korea: Petrochemicals

BP and Lotte to Expand Production Capacity of Joint Venture Plant

01/17/2019 - On expansion, the JV facility is anticipated to add acetic acid with a capacity of 100,000 tonnes per year by May 2019. Together the companies also aim to double the current 200,000 tpa vinyl acetate monomer capacity with the addition of a second Vam plant towards the end of 2020. read...

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