Borealis Group (Vienna, Austria) and YILDIRIM Group’s YILFERT Holding signed a binding agreement for the acquisition of Borealis’ shares in fertilizer business Rosier SA. The offer values the business (enterprise value) at €35 million, resulting in a valuation of roughly…
Saint-Gobain (Courbevoie, France) has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022.…
Technip Energies (Paris) has reached an agreement with INEOS Acetyls as their sole supplier of early engineering services in support of the deployment and application of INEOS Acetyls CATIVA technology. This agreement continues Technip Energies long lasting involvement in supporting…
LyondellBasell (Rotterdam, the Netherlands) announced that Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN) will be using the LyondellBasell Lupotech T high-pressure polyethylene technology. The Lupotech T process technology will be used for a 250,000 metric tons per year (m.t./yr) low-density…
Henkel AG (Düsseldorf, Germany) broke ground on a 35,000 square foot expansion of its production facility in Brandon, South Dakota. The expanded facility will bring state-of-the-art manufacturing capabilities and allow Henkel to increase production of thermal interface materials used to…
Vianode, a company owned by Elkem ASA (Oslo, Norway), Hydro and Altor, has de-cided to invest in its first industrial-scale plant for sustainable battery materials at Herøya in Norway. The investment of around NOK 2 billion (around $194 million) will…
W.R. Grace & Co. (Columbia, Md.) has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia. This project…
Thermo Fisher Scientific Inc. (Waltham, Mass.) opened a new biomanufacturing facility in Chelmsford, Massachusetts. The $160 million, 85,000-square-foot facility will help meet growing demand for the biologic materials needed to produce vaccines and breakthrough therapies for cancer and other diseases.…
Toray Industries, Inc. (Tokyo) announced that its subsidiaries Toray Textiles Central Europe s.r.o. (TTCE) and Toray Advanced Materials Korea Inc. (TAK) have set up new facilities in the Czech Republic to expand the Airlite automotive interior sound acoustic insulation business…
Solvay S.A. (Brussels, Belgium) announced plans to expand its rare earths operations in La Rochelle, France to enter the value chain for rare earths permanent magnets in Europe and serve customers in the fast-growing electric vehicles, wind power, and electronics…