Chemical Engineering
LyondellBasell establishes chemicals-distribution hub in Hungary
LyondellBasell Industries N.V. (LYB; Rotterdam, the Netherlands) announced the establishment of a new distribution hub in Hungary for its polyolefins grades. This distribution hub in Hungary is an important addition to the LyondellBasell global footprint. In addition to existing distribution…
Shin-Etsu to construct a new silicones plant in Pinghu, China
Shin-Etsu Chemical Co. (Tokyo) announced plans to establish a new company, Shin-Etsu Silicone (Pinghu) Co., Ltd., in Zhejiang Province, China, and construct a new silicone products plant to expand its silicone business. Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co.,…
Maire’s NextChem business completes acquisition of Germany’s GasConTec
MAIRE S.p.A. (Milan) announced that its Sustainable Technology Solutions business, Nextchem, has finalized the acquisition of 100% of GasConTec GmbH (GCT), an innovative company specialized in technology development and process engineering. Founded in 2017, GCT is located in Bad Homburg,…
MOL Group inaugurates major investment project to boost polyol production
MOL Group (Budapest, Hungary) announced the inauguration of its €1.3-billion polyol complex in Tiszaújváros, Hungary. The new facility has a production capacity of around 200,000 metric tons per year (m.t./yr) of polyol per year. The ceremony, addressed by Prime Minister…
Thermon expands two manufacturing plants in Ontario, Canada
Thermon Group Holdings, Inc. (Austin, Tex.), a global leader in industrial process heating, announced that it is bolstering its customer response times and capabilities with the completion of its recently modernized and expanded manufacturing facilities in Orillia and Oakville, Ontario.…
Axalta acquires Michigan-based coatings manufacturer
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 and Weatherford to jointly launch new emissions-management technology
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 inaugurates capacity expansion at production facility in Nebraska
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 to expand additives manufacturing site in Nanjing
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 signs definitive agreement to sell nutraceuticals business
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…