Plant Watch Ineos licenses HDPE process technology in Turkmenistan June 10, 2014 — Ineos Technologies (Rolle, Switzerland; www.ineos.com) has licensed its Innovene S process technology for the Turkmengas petrochemical complex in the Balkan Region of Turkmenistan. The new complex will…
Ineos (www.ineos.com) will acquire BASF SE’s (Ludwigshafen, Germany; www.basf.com) 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by Ineos amounts to €1.1 billion. A call option in favor of Ineos to buy…
The specialty chemicals group Altana (Wesel, Germany; www.altana.com) and Landa Corp. have concluded an equity financing agreement under which Altana will invest €100 million (~US$135 million) for a minority stake in Landa Digital Printing. Both companies see the agreement not…
Kuraray Co. (Tokyo, Japan; www.kuraray.co.jp/en) has decided to expand its production facilities in the U.S. at its wholly owned subsidiary MonoSol, LLC, headquartered in Merrillville, Ind. Kuraray will establish a new factory, to be located in Portage, Ind., including new…
Evonik Industries AG (Essen, Germany; www.evonik.com) has expanded its polyamide-12 production capacity at the Marl Chemical Site by 5,000 metric tons per year (m.t./yr), thereby increasing the supply security of its Vestamid high-performance polymer material. In addition, preparations have begun…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a definitive agreement with Ineos to create a strong player in chlorovinyls, to be named Inovyn. The joint venture (JV) is expected to be effective by year-end following the divestments required by the…
H.B. Fuller Co. (St. Paul, Minn.; www.hbfuller.com) has announced that it has signed an agreement to purchase Tonsan Adhesive, Inc. With this acquisition, H.B. Fuller will add strong customer relationships in the engineering adhesives markets, manufacturing facilities, and product and…
Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) is currently in the process of establishing a production facility in Brazil. The facility will focus on manufacturing catalysts that can remove dangerous nitrogen oxides (NOx) as well as particulate matter and hydrocarbons from…
Specialty chemical market volumes in the U.S. rose 0.6% in May, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The May gain follows a 0.1% rise in April and a…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for…