NatureWorks LLC (Minnetonka, Minn.) announced the completion of key milestones in their global manufacturing expansion plan for a new fully integrated Ingeo polylactic acid (PLA) production facility that is anticipated to open in Thailand by 2024, subject to shareholder approval.…
Air Liquide (Paris, France) and PAO Severstal, one of the leading steel producers, have signed a new long-term contract for the supply of oxygen to the Severstal CherMK site in Russia. Air Liquide will invest around €60 million in the…
Nano One Materials Corp. (Vancouver, B.C., Canada) and Johnson Matthey plc (JM; London) announced a joint development agreement. Under this agreement the companies will co-develop next generation products and processes for Johnson Matthey’s eLNO family of nickel-rich advanced cathode materials using…
The Chemours Company (Wilmington, Del.) has announces a series of leadership transitions effective July 1, 2021. Mark Newman, the company’s current Chief Operating Officer, will become President and Chief Executive Officer of Chemours, succeeding Mark Vergnano, who has served as…
SK Inc. (Seoul, South Korea) announced that it is the lead investor in the latest round of funding for Monolith Materials (Lincoln, Neb.), a U.S.-based leader in green hydrogen technologies. The investment will support expansion of Monolith’s green hydrogen production…
Worley (North Sydney, Australia) has been awarded an early engineering services contract by Shell (The Hague, the Netherlands) to support the development of a new 200-megawatt electrolysis-based hydrogen plant. Once complete, the project will be one of the largest commercial…
Perstorp AB (Malmö, Sweden) will substantially expand its production capacity of 2-Ethylhexanoic Acid (2-EHA) beginning in 2022, to meet increasing market needs. The investment and expansion are within the framework of Perstorp’s existing production plants and implementation has already started.…
BASF SE (Ludwigshafen, Germany) concluded the sale of its manufacturing site in Kankakee, Illinois, to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The agreement also includes the associated businesses of vegetable-oil-based raw material sterols…
W. R. Grace & Co. (Columbia, Md.) announced the completion of its acquisition of the Fine Chemistry Services business (FCS) of Albemarle Corp. (Charlotte, N.C.) for approximately $570 million, including $300 million paid in cash and $270 million funded through…
Wacker Chemie AG (Munich, Germany) has started to build a liquid resins unit at its Nünchritz, Germany site. This unit will supply key upstream products for formulating silicone-based building-protection agents and binders for exterior paints and industrial coatings. At the…