Chevron Phillips Chemical (CPChem; The Woodlands, Tex.) announced new plans to expand its polyalphaolefins (PAO) business with the construction of a new unit in Beringen, Belgium. Once local permits are approved, this significant investment will double the company’s PAO production…
Technip Energies (Paris) has been awarded a Bankable Feasibility Study (BFS) contract by Viridian Lithium for the construction of the first lithium refining and conversion plant in Europe. Located in Lauterbourg, France, the plant will produce up to 100,000 tons…
Repsol S.A. (Madrid, Spain) will invest 105 million euros in the Puertollano Industrial Complex to build the first plant in the Iberian Peninsula capable of manufacturing ultra-high molecular weight polyethylene (UHMWPE), a material considered a 'super polymer' due to its…
Borealis Group (Vienna, Austria) has received a binding offer from AGROFERT, a.s. for the acquisition of Borealis’ nitrogen business including fertilizer, melamine and technical nitrogen products. The offer values the business on an enterprise value basis at €810 million. AGROFERT…
Nanoramic Laboratories (Wakefield, Ma.) announced an agreement with BASF Corp. to jointly develop novel cathode systems for high-performance and low-cost lithium-ion (Li-ion) batteries, based on Nanoramic’s Neocarbonix at the Core electrode technology and BASF’s cobalt free high-manganese NCM cathode active…
Nano One Materials Corp. (Vancouver, B.C., Canada) and BASF SE (Ludwigshafen, Germany) have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM),…
Evonik Industries AG (Essen, Germany) is building a new, highly flexible, global-scale production facility for pharmaceutical lipids in the United States. The new plant at Evonik’s Tippecanoe site in Lafayette, Indiana, will broadly position the Group for future growth in…
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL…
DuPont (Wilmington, Del.) announced completion of the previously-announced sale of its Biomaterials business unit, effective May 31, 2022, to the Huafon Group (Ruian, China) for a purchase price of approximately $240 million. Huafon Group is one of the largest manufacturers…
John Wood Group PLC (Wood; Aberdeen, Scotland) has signed an agreement for the sale of its Built Environment consulting business (‘Built Environment Consulting’) to WSP Global Inc. for gross proceeds of approximately $1.9 billion. This divestment provides enhanced financial flexibility…