ArcelorMittal Europe S.A. (Luxembourg) announced that the sale of ArcelorMittal USA to Cleveland-Cliffs for a combination of cash and stock has completed. Under the terms of the sale, ArcelorMittal has received $505 million cash, 78 million shares of Cleveland-Cliffs common stock…
Petrofac Ltd. (St. Helier, U.K.) has announced that The Clean Fuels Project for Kuwait National Petroleum Company (KNPC) has reached a major milestone with the with the safe and successful startup of the Crude Distillation Unit (CDU) 111 at Mina…
Aramco and Baker Hughes (Houston) have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector. A ceremony was held at the project…
Metsä Fibre, part of Metsä Group, and Linde plc (Guildford, U.K.) have signed a preliminary agreement of an on-site oxygen supply to Metsä Fibre’s new bioproduct mill in Kemi. The preliminary agreement includes construction of an on-site oxygen plant based…
AGC Biologics, a U.S.-based CDMO subsidiary of AGC Inc. (Tokyo, Japan), announced that it will increase the production capacity of its Copenhagen facility. AGC Biologics will construct a new building on land adjacent to its current Copenhagen site, adding production…
KBR, Inc. (Houston) announced the successful startup of Sinochem Quanzhou Petrochemical Co., Ltd.'s (Sinochem Quanzhou) 1,000,000 metric tons per year (m.t./yr) ethylene plant in Quanzhou, Fujian Province, China. The ethylene plant is part of Sinochem Quanzhou's grassroots integrated refining and…
Evonik Industries AG (Essen, Germany) has signed an agreement to acquire the LACTEL business of biodegradable polymers from DURECT Corporation for $15 million. The transaction is expected to close by Q1 2021 pending the satisfaction of certain customary closing conditions.…
Huntsman Corp. (The Woodlands, Tex.) announced its agreement to acquire Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from funds owned by Audax Private…
Honeywell announced Türkiye Petrol Rafinerileri A.Ş. is improving the performance of its existing Honeywell UOP enhanced two-stage Unicracking process with the addition of an external heavy polynuclear aromatics (HPNA) stripper at its Izmit refinery. The HPNA stripper will enable Tüpraş…
Siemens Gamesa (Zamudio, Spain) is developing the first pilot project in the world to connect a wind turbine to an electrolyzer with the ability to operate in ‘island mode’, i.e. driving an electrolysis rig with no link to an electricity…