Solvay Ventures, the venture capital fund of Solvay S.A. (Brussels, Belgium), has invested in DMC Biotechnologies, a U.S.-based biotechnology company. DMC, which stands for Dynamic Metabolic Control, delivers robust and predictably scalable biocatalysts through microbial fermentation. This results in cost-competitive bio-based chemicals…
Saint-Gobain (Courbevoie, France) and GCP Applied Technologies announce that they have entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of GCP for $32.00 per share, in cash, in a transaction valued at…
Versalis S.p.A. (San Donato Milanese), Eni’s chemical company, has agreed to license the continuous mass technology for a 70,000-ton/yr Acrylonitrile butadiene styrene (ABS) unit to Supreme Petrochem Ltd. a leading Indian polystyrene and expandable polystyrene producer. The unit will be…
Lummus Technology (Houston) announced it has been awarded a contract from the Gazpromneft Moscow Refinery for two fired heaters. The heaters will be installed at the refinery in Moscow, and are part of the plant's modernization to improve operational efficiency…
Celanese Corp. (Dallas, Tex.) announced it has completed the acquisition of the Santoprene TPV elastomers business of Exxon Mobil Corp. (Irving, Tex). “We are excited to welcome the Santoprene team to Celanese,” said Lori Ryerkerk, chairman and chief executive officer.…
Solvay S.A. (Brussels, Belgium) announced plans to expand capacity at its Mount Pleasant, Tennessee facility (US), in response to growing demand from mining operations for its ACORGA and ACORGA OPT copper solvent extraction (SX) products. The market for copper is expected to surge…
PPG (Pittsburgh, Pa.) announced the startup of expanded automotive OEM clearcoat production at its facility in Erlenbach, Germany. The €3 million project nearly doubles the site’s capacity for premium clearcoats and uses advanced manufacturing technology to improve operational efficiency, sustainability…
Cabot Corp. (Boston, Ma.) has signed a Memorandum of Understanding (MOU) with IFF Health and Biosciences, a leader in world-class bio-science and engineering, for the development and commercialization of sustainable reinforcing additives for rubber products. Under the terms of this…
Songwon Industrial Co., Ltd. (Ulsan, South Korea;) announced that it is investing in expanding its chemical production capacity for semiconductors. Customer demand for high-end specialty chemicals and raw materials for IT industries (including semiconductors) as well as display materials is…
Nouryon (Amsterdam, the Netherlands) has started full-scale production at its organic peroxide greenfield site in Tianjin, China to support the increasing demand from Packaging, Paints and Coatings, and Construction customers in the region. The site consists of three manufacturing facilities…