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…
Saint-Gobain (Courbevoie, France) announces the sale of Saint-Gobain Glassolutions Objekt-Center, which specializes in glass processing operations as part of the Glassolutions network in Germany, to the German privately-owned AEQUITA group based in Munich. This sale concerns twosites: Döring Berlin and…
Haldor Topsoe A/S (Lyngby, Denmark) announced that it has established a focused green hydrogen business to accelerate its electrolysis activities. The new green hydrogen organization is fully dedicated to accelerating all aspects of Topsoe’s business within electrolysis, including development of…
Lummus Technology (Houston) announced that its Green Circle business and Synthos S.A. (Oswiecim, Poland) have started collaborating to commercialize Synthos’ biobutadiene technology. The first step of the commercialization program includes the development of a feasibility study for a biobutadiene plant…
Mitsubishi Chemical Corp. (MCC; Tokyo) has acquired all the shares of Nakai Industrial Co., Ltd., (Kyoto, Japan), a film coating manufacturer, and converted the company into a consolidated subsidiary. Nakai Industrial is a comprehensive coating manufacturer that has built up…