Técnicas Reunidas S.A. (TR; Madrid, Spain) and SASA Polyester have entered into a contract for the execution of a new petrochemical project for the production of PTA (Purified Terephtalic Acid) in Adana, Turkey. The new plant will have a capacity…
Stepan Co. (Northfield, Ill.) has closed on the acquisition of a fermentation plant located in Lake Providence, Louisiana. Financial terms of the transaction were not disclosed. "Fermentation is a new platform technology for Stepan Company as we look to commercialize…
The Abu Dhabi National Oil Company (ADNOC), announced that it has added White Spirit and Solvents to its refined products portfolio. This allows ADNOC to capture more value from Abu Dhabi’s natural resources, producing products that can be used by…
Air Liquide SA (Paris, France) announced the sale of its entities in Greece to Italian multinational corporation SOL Group. This transaction includes Air Liquide Hellas (ALH) and Vitalaire Hellas entities. As part of the divestiture, the existing assets of Air…
Teijin Ltd. (Toyko) will install a composite compression molding line at Benet Automotive s.r.o, the company’s automotive composites business in Milovice, Czech Republic. Teijin will invest some EUR 10 million in the new glass-fiber sheet molding compound (GF-SMC) line, which…
Ingevity Corp. (North Charleston, S.C.) has expanded its activated carbon production capacity following significant debottlenecking and equipment upgrades completed and verified in late December at its facility in Zhuhai, China. The plant upgrades have effectively increased its capacity by an…
3M (St. Paul, Minn.) announced it expects to invest approximately $1 billion over the next 20 years to accelerate new environmental goals: achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water…
Mitsubishi Chemical Corp. (MCC; Tokyo) announced that it will transfer to its own operations and consolidate its membrane-related technology development and sales currently undertaken by its subsidiary Mitsubishi Chemical Aqua Solutions Co., Ltd. (MCAS) effective April 1, 2021. The aim…
OMV AG (Vienna, Austria) and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery. Total investment will be around EUR 25 million, with OMV and Kommunalkredit each…
Numaligarh Refinery Ltd. (NRL), a subsidiary of Bharat Petroleum Corporation Ltd. — a public sector undertaking under the Ministry of Petroleum and Natural Gas, India — has selected Axens (Rueil-Malmaison, France) to supply advanced technologies in gasoline block for its…