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Comment PDF Business & Economics

Business News: October 2021

By Mary Page Bailey |

Plant Watch

BP and Brightmark evaluating plastic-waste renewal plants in Europe

September 15, 2021 — BP plc (London; www.bp.com) and Brightmark LLC (San Francisco, Calif.; www.brightmark.com) signed a memorandum of understanding (MOU) to jointly evaluate development of plastic-waste renewal plants in Germany, the Netherlands and Belgium. Each prospective plant could divert up to 400,000 metric tons per year (m.t./yr) of waste plastic from disposal to create sustainable products.

 

Shell and BlueAlp to build two recycled-feedstock plants in the Netherlands

September 9, 2021 — Shell Ventures B.V. (The Hague, the Netherlands; www.shell.com) and BlueAlp Holding B.V. (www.bluealp.nl) announced a strategic partnership to build two new waste-conversion units in the Netherlands, which will convert more than 30,000 m.t./yr of plastic waste into pyrolysis oil. The units are planned to be operational in 2023 and will supply their pyrolysis oil as feedstock to Shell’s Moerdijk and Rhineland facilities.

 

CP Kelco invests $50 million to build new citrus-fiber production line

September 9, 2021 — CP Kelco (Atlanta, Ga.; www.cpkelco.com) is investing more than $50 million to add a second citrus-fiber production line to the company’s facility in Matão, Brazil, increasing total capacity to approximately 5,000 m.t./yr. The new production line is expected to be complete in 2023.

 

Gevo to build renewable-fuels pilot plant in Minnesota

September 8, 2021 — Gevo, Inc. (Englewood, Colo.; www.gevo.com) plans to install an alcohol-to-hydrocarbon process pilot unit at its facility located in Luverne, Minn. The pilot unit is being designed to produce sustainable aviation fuel, renewable premium gasoline and other renewable fuel and chemical products. The installation is estimated to begin in the third quarter of 2022 with startup expected in late 2022.

 

Linde to supply gas to semiconductor manufacturing plant in Phoenix

September 8, 2021 — Linde plc (Guildford, U.K.; www.linde.com) will build, own and operate a complex of onsite plants to supply ultra-high-purity nitrogen, oxygen and argon to a new semiconductor manufacturing facility in Phoenix, Ariz. Linde’s total investment will be approximately $600 million. The first plants and supporting infrastructure are due to start up in the second half of 2022.

Evonik to construct new plant for hollow-fiber membranes in Austria

September 7, 2021 — Evonik Industries AG (Essen, Germany; www.evonik.com) is building a new hollow-fiber spinning plant for the production of gas-separation membranes at its site in Schörfling am Attersee, Austria. These membranes are used with biogas, nitrogen, hydrogen and natural gas. The new plant is scheduled to come onstream in early 2023.

 

Kemira to build third alkenyl succinic anhydride production line in China

September 7, 2021 — Kemira Oyj (Helsinki, Finland; www.kemira.com) will construct a third production line for alkenyl succinic anhydride (ASA) at its site in Nanjing, China. This significant ramp-up of ASA production capacity will take place during 2022 and 2023.

 

Huntsman increases polyurethane catalyst and specialty amine capacity

September 2, 2021 — The Performance Products division of Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) plans to further expand its manufacturing facility in Petfurdo, Hungary, to meet the growing demand for polyurethane catalysts and specialty amines. This investment project is anticipated to be completed by mid-2023.

 

Eneos to increase polyethylene production capacity

September 1, 2021 Eneos Corp. (Tokyo, Japan; www.eneos.com) announced plans to expand production capacity of polyethylene (PE) by approximately 30,000 m.t./yr at its Kawasaki plant. This expansion addresses PE demand for insulation applications on extra-high-voltage and high-voltage power cables. The facility is scheduled to be completed in July 2023 and commence commercial operation in December 2023.

 

Orion Engineered Carbons to construct new carbon-black plant in China

August 31, 2021 — Orion Engineered Carbons S.A. (Luxembourg; www.orioncarbons.com) is constructing its second plant in China for specialty and high-performance carbon black. With a targeted initial production capacity of 65,000 to 70,000 m.t./yr, Orion’s new facility in Huaibei is expected to be completed in late 2022 and to begin operating in 2023.

 

Nouryon to build new ethyl hydroxyethyl cellulose plant in Southeast Asia

August 31, 2021 — Nouryon (Amsterdam, the Netherlands; www.nouryon.com) plans to build a new production facility for ethyl hydroxyethyl cellulose (EHEC) in Southeast Asia. The new plant is slated to produce around 15,000 to 20,000 m.t./yr of EHEC. Construction will begin in late 2022, and startup is anticipated in mid-2024.

 

Canadian ExxonMobil affiliate building renewable-diesel plant

August 26, 2021 — ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) announced that its majority-owned affiliate Imperial Oil Ltd. plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel.

 

Mergers & Acquisitions

LG Chem and ADM to launch lactic acid JV

September 14, 2021 — LG Chem Ltd. (Seoul, South Korea; www.lgchem.com) and Archer-Daniels-Midland Co. (ADM; Chicago, Ill.; www.adm.com) plan to launch a joint venture (JV) in early 2022 that would build, own and operate a U.S.-based facility to produce high-purity corn-based lactic acid on a commercial scale. This lactic acid would serve as a feedstock for commercial-scale production of polylactic acid (PLA), a biodegradable plant-based plastic.

 

US Vanadium acquires former Saint-Gobain plant in Arkansas

September 9, 2021 — US Vanadium, LLC (USV; Hot Springs, Ark.; www.usvanadium.com) purchased a materials-processing plant in Benton, Ark. formerly owned by Saint-Gobain (Courbevoie, France; www.saint-gobain.com). Located 30 miles from USV’s flagship facility in Hot Springs, Ark., this plant will enable USV to more efficiently grind and roast vanadium feedstock in preparation for chemical processing into a wide variety of vanadium-based products.

 

Chevron and Bunge plan JV for renewable-feedstock production

Subsidiaries of Chevron Corp. (San Ramon, Calif.; www.chevron.com) and Bunge Ltd. (St. Louis, Mo.; www.bunge.com) have proposed a 50-50 JV to improve feedstock availability for renewable fuels. Bunge is expected to contribute soybean-processing facilities in Louisiana and Illinois to the JV, and Chevron is expected to contribute approximately $600 million. Through the JV, the companies anticipate doubling the combined production capacity of the facilities from 7,000 m.t./d by the end of 2024.

 

LG Chem and Dansuk to establish joint HVO plant

September 2, 2021 — LG Chem will partner with biodiesel company Dansuk Industrial to establish a JV to construct a hydro-treated vegetable oil (HVO) plant. The companies aim to complete the construction of the plant by 2024. This will be the first HVO plant to be built in Korea, and this plant is one of 10 new plants announced for LG Chem’s Daesan Complex.

 

Arkema acquires Ashland’s Performance Adhesives business

August 31, 2021 — Arkema S.A. (Colombes, France; www.arkema.com) acquired the Performance Adhesives business of Ashland Global Holdings Inc. (Wilmington, Del.; www.ashland.com) for a $1.65-billion enterprise value. The acquired business operates six production plants worldwide.

Mary Page Bailey

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