Celanese Corp. (Irving, Tex.; www.celanese.com) announced that it has entered into a memorandum of understanding (MOU) with Push Group Co., Ltd., with respect to the formation of a new joint venture (JV) focused on the production of cellulose acetate-based specialty…
Sibur (Moscow; www.sibur.com), Russia's largest gas processing and petrochemicals company, and China Petroleum & Chemical Corp. (Sinopec), a major global petrochemical corporation, announced the successful completion of Sinopec’s 10% minority investment in Sibur as a strategic investor. The successful completion…
The Board of Directors of the Saudi Arabian Oil Co. (Saudi Aramco; Dhahran, Saudi Arabia; www.saudiaramco.com) has made the following appointments, effective January 1, 2016: Mohammed Y. Al Qahtani, senior vice president (VP), Upstream; Ahmad A. Al Sa’adi, senior vice…
Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) has signed a definitive agreement to sell its Mineral Flame Retardants and Specialty Chemicals businesses to Huber Engineered Materials, a division of J.M. Huber Corp., a leading global manufacturer of flame retardant additives. The…
Clariant (Muttenz, Switzerland; www.clariant.com) has been awarded the chemical supply contract from Statoil (Trondheim, Norway; www.statoil.com), on behalf of the Peregrino license partners. The contract covers all chemicals used in the production process to treat oil, water and gas from…
Henrik Stiesdal and Anders Heine Jensen have been elected for the board of directors of Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com). This means that the board is expanded by two seats to twelve in total. The other board members remain…
Shell Chemical LP (Houston; www.shell.com/chemical) announced that Shell Nanhai B.V. and China National Offshore Oil Corporation (CNOOC) have signed a Heads of Agreement (HOA) to expand their existing 50-50 joint venture (JV) in Huizhou, Guangdong Province, China. Under the HOA,…
Victrex plc (Thornton Cleveleys, U.K.; www.victrex.com) will invest up to 15 million GBP in further downstream manufacturing. to build a new polyetheretherketone (PEEK) composite facility for unidirectional (UD) tape and add new manufacturing capability for medical Trauma plate applications at its…
Ineos (Rolle Switzerland; www.ineos.com) announced its intention to acquire 100% of the shares of Befesa Valorización de Azufre, S.L.U (BVA). BVA is a regional market leader for sulfuric acid and oleum located in Bilbao, Spain. BVA owns a plant that…
The Dow Chemical Company (Midland, Mich.; www.dow.com) announced the signing of definitive agreements to restructure the ownership of Dow Corning Corp. Unanimously approved by Dow’s board of directors, the transaction is highly complementary to the strategic objectives of Dow and…