Evonik (Essen, Germany; www.evonik.com) will begin preparations for reopening its specialty polyesters production plant located in Mobile, Ala. The revitalization of the plant is scheduled to be completed in 2018 and will have an annual production capacity of several thousand…
The Chemours Co. (Wilmington, Del.; www.chemours.com) has signed a definitive agreement to sell the assets which comprise its Sulfur Products business, part of its Chemical Solutions segment, to Veolia North America for $325 million in cash. The company anticipates closing…
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) received a three-year contract from Sahara Petrochemicals to provide general engineering services at Sahara’s Jubail Industrial City facilities in Saudi Arabia. Under the terms of the contract, Jacobs is expected to provide engineering,…
Westlake Chemical Corp. (Houston; www.westlake.com) and Axiall Corp. (Atlanta, Ga.; www.axiall.com) announced that they have entered into a definitive agreement under which Westlake will acquire all of the outstanding shares of Axiall for $33.00 per share in an all-cash transaction,…
Unipetrol a.s. (Prague, Czech Republic; www.unipetrol.cz) has officially broken ground for the construction of a new polyethylene unit (PE3). It is the largest investment in the history of the Czech petrochemical industry in the amount of CZK 8.5 billion (approximately…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has reached a definitive agreement to acquire MetoKote Corp. and its affiliates. MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. The transaction is expected to close in…
Evonik Industries AG (Essen, Germany; www.evonik.com) recently started operating a thin-film composites plant to coat membranes for use in organic solvent nanofiltration and gas separation at its Marl site in Germany. Evonik is a global leader in the area of…
A.W. Chesterton Co. (Woburn, Mass.; www.chesterton.com) announced that Andrew W. Chesterton, formerly executive vice president and chairman of the board, has been named the company’s new president and CEO. He succeeds Brian O’Donnell, a longtime Chesterton executive, who will serve as…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has completed the purchase of Eastman Chemical Co.’s (Kingsport, Tenn.; www.eastman.com) share in their former U.S. joint venture (JV) Primester. As the sole owner of the cellulose-acetate flake plant, Solvay has secured an economical longterm…
Bureau Veritas (Neuilly-sur-Seine, France; www.bureauveritas.com) has acquired Summit Inspection Services, Inc., a U.S. company specialized in fugitive emissions inspection services for the OPEX petrochemical industry. Founded in 1998 and based in California, Summit is an industry leader in fugitive emissions…