Henkel AG (Düsseldorf, Germany) has signed an agreement on the sale of its business activities in Russia to a consortium of local financial investors. In April 2022, the company had announced the decision to exit from Russia. The consortium that…
Lummus Technology (Houston) announced the startup of Shenghong Refining & Chemical (Lianyungang) Co., Ltd.'s 2,800,000-ton/yr paraxylene unit. The grassroots unit, which is the world's largest double reslurry paraxylene crystallization unit, is part of Shenghong's refining and petrochemical integrated project in Lianyungang,…
Technip Energies (Paris) has been awarded a contract by Ningbo Juhua Chemical & Science Co., Ltd. (Juhua) for a 1,3-propanediol (PDO) plant with a capacity of 72,000 metric tons per year (m.t./yr) and a 150,000-m.t./yr polytrimethylene terephthalate (PTT) plant in…
Royal DSM N.V. (Herleen, the Netherlands) has entered into exclusive negotiations with Adare Pharma Solutions in order to acquire Adare Biome, a pioneer in the development and manufacturing of postbiotics, for an enterprise value of €275 million. This transaction represents…
Linde plc (Guildford, U.K.) announced that it will expand the capacity of its on-site facility in Tangjeong, South Korea, to increase its supply of high-purity industrial gases to Samsung Display. The increased capacity supports Samsung Display’s planned multi-billion-dollar investment to…
KBR, Inc. (Houston) announced that it has signed a joint development agreement with ISU Chemical Co. Ltd. for the design of a commercial scale lithium sulfide (Li2S) unit for next generation battery technology. Under the terms of the agreement, KBR…
PT Chandra Asri Petrochemical Tbk (Chandra Asri; Jakarta, Indonesia) and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have signed a Memorandum of Understanding (MoU) to collaboratively develop a world-scale chlor-alkali plant in Indonesia. INA, along with other potential international…
LG Chem (Seoul, South Korea) is reinforcing its battery materials supply chain by joining hands with China’s Huayou Cobalt to build a precursor plant in Saemangeum National Industrial Complex, located 230 kilometers southwest of Seoul, Korea. LG Chem announced that…
Competitiveness in the modern commercial environment increasingly depends on leveraging digitalization technologies and approaches, including advanced data analytics, artificial intelligence, sensor and device connectivity, edge- and cloud-computing strategies, augmented reality, and others. Focused on the chemical process industries (CPI) and…
Emerson Electric Co. (St. Louis, Mo.) and National Instruments Corp. (NI; Austin, Tex.) announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2…