FLSmidth (Copenhagen, Denmark) and thyssenkrupp Industrial Solutions AG (Essen, Germany), a fully owned subsidiary of thyssenkrupp AG, have reached an agreement that FLSmidth will acquire thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of €325 million, corresponding…
BASF SE (Ludwigshafen, Germany) and SINOPEC (Beijing, China) will further expand their Verbund site operated by BASF-YPC Co., Ltd. (BASF-YPC), a 50-50 joint venture (JV) of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical…
Nouryon (Amsterdam, the Netherlands) has signed a five-year license agreement with Shaanxi Beiyuan Chemical Group Co., Ltd. (Beiyuan), a leading producer of polyvinyl chloride (PVC) in China. Under the agreement, Nouryon will license its innovative Continuous Initiator Dosing (CiD) technology…
LG Chem Ltd. (Seoul, South Korea) will expand its business portfolio by acquiring the separation membrane business of LG Electronics to become the world’s largest general battery materials company. LG Chem announced that it held a board of directors meeting…
HollyFrontier Corp. (Dallas, Tex.) and Holly Energy Partners, L.P. announced that they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corp. and Sinclair Transportation Company from The Sinclair Companies. Under the terms of HollyFrontier’s…
Yara International ASA (Oslo, Norway) has signed a Share Purchase Agreement with Eurochem Group AG (Zug, Switzerland) to sell its Salitre phosphate mining project for a cash consideration of $410 million. Yara’s ongoing transformation has a strategic focus on food…
KBR, Inc. (Houston) and Petron Scientech Inc. (PSI) announced that they have signed an alliance agreement to license differentiated, energy-efficient, and sustainable technologies for renewable chemicals production. Under this agreement, KBR will be the exclusive licensor for PSI's Ethylene Oxide…
McDermott International, Ltd. (Houston) and CTCI announced that their joint venture has received the mechanical completion certificate for Gulf Coast Growth Ventures' (GCGV) Mono-Ethylene Glycol (MEG) facility located in Gregory, Texas. "Congratulations to the joint venture project teams of McDermott…
PPG (Pittsburgh, Pa.) announced the completion of a $15-million investment at its Sylmar, California manufacturing facility to expand the development and production of aircraft transparency technologies for military aviation programs, including canopy transparencies for Lockheed Martin’s F-35 fighter jets. As…
Honeywell International, Inc. (Charlotte, N.C.) announced OOO ZapSibNeftekhim, a subsidiary of PJSC Sibur Holding, will revamp one of its facilities in western Siberia that uses Honeywell UOP C3 Oleflex technology to increase propylene production. The revamp will enable the Russian…