Sumitomo Chemical has made the mega investment in Nanoscent, an Israeli start-up company that develops a high-precision scent recognition IoT platform. With this deal, Sumitomo Chemical intends to create new health care businesses by making use of the innovative platform.

Evonik invested millions of Euros in this mega project which was completed on time and within budget. With the new unit, the company plans to increase production and focus on developing innovative specialty chemical products for the silicone and nanotechnologies markets.

Rosemount vibrating fork, paddle, capacitance and vibrating rod switches provide users with flexible level monitoring and overfill prevention solutions in all silo types.

The 5-kilo tonne plant will be constructed at the Chemie Park Delfzijl in the Netherlands and is expected to cost 33 million dollars. The project is anticipated to play a vital role towards the adoption of sustainable feedstock in the chemicals industry.

The two facilities are located at the Eastern China Chemical Park and are expected to supply oxygen and nitrogen to Taixing Jinyan. With a combined production capacity of 29000 Nm3/h, the units will also supply gases to other customers situated in the Taixing Economic Development Zone.

Oxea is one amongst nine other companies that will be merging into the new energy firm OQ which intends to become one of the leading energy companies across the world. The new company also plans to capitalise on greater participation in the global hydrocarbon value chain.

Under the agreement, Borealis is all set to acquire Nova Chemicals’ 50 % ownership interest in the Novealis JV. Both the parties expect the transaction to close in early 2020.

Bharat Petroleum Corporation (BPCL) has chosen Fluor for its Polyols Petrochemicals project located at the firm’s existing refinery and petrochemical complex in Kerala. On completion, the complex is expected to produce propylene glycol, ethylene glycol and various grades of polyols.

Chevron’s vital expertise in hydrogen is expected to strengthen the global Hydrogen Council which encourages key stakeholders to increase their backing of hydrogen. The firm is focused on offering clean sources of energy with the use of technology and innovative processes.

BASF has completed the previously announced sale of its ultrafiltration membrane business to Dupont. The chemical company explained its decision with the lack of synergies within the group.