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Chemical Engineering

Honeywell technology selected for refinery upgrade in Iraq

Honeywell announced that the Lanaz Company will use UOP modular naphtha hydrotreating and fixed-bed Platforming process units to upgrade its refinery in Iraq so it can produce more cleaner-burning transportation fuels. The project marks the first use of UOP modular…

SUEZ acquires Sentinel Monitoring Systems

SUEZ - Water Technologies & Solutions completed the acquisition of Sentinel Monitoring Systems, a real-time microbial monitoring company headquartered in Tucson, Arizona. Sentinel Monitoring Systems develops products that provide real-time and near-real-time solutions to monitor the effectiveness of microbial control within life sciences ultrapure…

AGC Chemicals Americas to expand production plant in Pennsylvania

AGC Chemicals Americas Inc. (AGCCA; Exton, Pa.) announced an expansion at its Thorndale, Pennsylvania production facility that will add up to 50%  more manufacturing, quality control lab and office space. The multiuse facility will be configured to meet the growing needs…

Thermo Fisher Scientific acquires protein manufacturer PeproTech for $1.85 billion

Thermo Fisher Scientific Inc. (Waltham, Mass.) and PeproTech, Inc., a leading developer and manufacturer of recombinant proteins, today announced that Thermo Fisher completed its acquisition of PeproTech on December 30, 2021 for a total cash purchase price of approximately $1.85 billion. Based…

Ineos’ U.S. subsidiary finalizes acquisition of PE pipe manufacturer

WL Plastics Corp., a wholly owned subsidiary of INEOS USA LLC d/b/a INEOS Olefins & Polymers USA, has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the…

Clariant completes sale of Pigments business

Clariant AG (Muttenz, Switzerland) completed the sale of its Pigments business to a consortium of Heubach Group (Heubach) and SK Capital Partners (SK Capital). As announced upon signing of the transaction, the base enterprise value of the sale amounts to…

Cargill to acquire Croda’s performance technologies and industrial chemicals business assets

Cargill, Inc. (Minneapolis, Minn.) reached an agreement with Croda International Plc (Snaith, U.K.) to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 ($ 1.03 billion) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s…

DuPont Clean Technologies rebrands as Elessent following acquisition

A new company - Elessent Clean Technologies - has launched, as an international private equity consortium, consisting of BroadPeak Global LP, Asia Green Fund (AGF) and The Saudi Arabian Industrial Investments Company (Dussur), completed its transaction to purchase the Clean…

SK Geo Centric and Tokuyama form isopropyl alcohol JV

SK Geo Centric (SKGC), a subsidiary of SK Innovation (Seoul, South Korea) and Tokuyama Corp. (Tokyo) plan to invest roughly KRW 120 billion (around $100 million) in a joint venture (JV) in Ulsan, Korea. The JV will produce and sell…

Reliance acquires sodium-ion battery specialist Faradion

Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (Mumbai), has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. (Sheffield, U.K.) for an enterprise value of £100 million. In addition, RNESL will also…