Axalta Coating Systems (Philadelphia, Pa.) announced that it has entered into a definitive agreement to acquire The CoverFlexx Group (Brighton, Mich.) from Transtar Holding Company for initial cash consideration of $285 million, plus an additional $10 million earnout based on…
Honeywell International Inc. (Charlotte, N.C.) and Weatherford International (Houston) announced a partnership to deliver a comprehensive emissions management solution for the energy industry. The agreement combines Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform, providing customers with a powerful…
3M (St. Paul, Minn.) has cut the ribbon on a new 90,000-square-foot expansion at the company’s facility in Valley, Nebraska, that will increase the plant’s manufacturing capacity and add new jobs to the community. The $67 million investment includes new…
BASF SE (Ludwigshafen, Germany) plans to invest in the expansion of its advanced additives plant at its Nanjing, China site. Driven by the rapidly growing market demand in Asia and beyond, this new expansion includes a state-of-the-art production line for…
Ashland Global Holdings Inc. (Wilmington, Del.) announced that it has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. The transaction is expected to close in the calendar third quarter 2024, subject to the satisfaction…
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings…
BASF SE (Ludwigshafen, Germany) plans to expand the global production capacity of its Basoflux range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s Oilfield Chemicals business to meet the current and future demand of…
Wacker Chemie AG (Munich, Germany) is increasing capacities in the field of biopharmaceuticals for advanced therapies. Wacker Biotech US, a subsidiary specializing in the fermentative production of plasmid DNA (pDNA), is expanding its mRNA and protein production. As a contract…
Aker Solutions ASA (Lysaker, Norway) has been awarded a substantial EPCIC contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the Mongstad refinery on the west coast of Norway. The Mongstad refinery, situated…
Nano One Materials Corp. (Vancouver, B.C., Canada) a clean technology company with patented processes for the sustainable production of lithium-ion battery cathode active materials (CAM), and Worley Chemetics, a wholly owned Canadian subsidiary of Worley Limited have entered into a…