Air Products (Lehigh Valley, Pa.) announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park. The company will also further extend its pipeline network in both areas. This…
Evonik Industries AG (Essen, Germany) is selling its site in Lülsdorf (Germany) and the associated cyanuric chloride business in Wesseling (Germany) to International Chemical Investors Group (ICIG, Luxembourg). The parties have agreed not to disclose the purchase price. Lülsdorf is…
Versalis S.p.A. (San Donato Milanese), Eni’s chemical company and 36% shareholder of Novamont, and Mater-Bi, a subsidiary of Investitori Associati II and NB Renaissance, shareholder of Novamont’s remaining 64%, announce exclusive negotiations to finalize the acquisition by Versalis of Novamont’s…
Trinseo (Berwyn, Pa.) announced that it has signed an agreement to sell its land, buildings and equipment in Matamoros, Mexico to Plaskolite. The transaction is expected to close within the next several weeks. In December 2022, Trinseo announced the consolidation…
Lonza AG (Basel, Switzerland) has an agreement with ABL Bio, a pioneering Korean biologics company with a focus on bispecific antibodies for immuno-oncology and neurodegenerative diseases. The collaboration agreement between Lonza and ABL Bio supports the development and manufacturing of…
Resonac Corp. (Tokyo; formerly Showa Denko) will increase its capacity to produce “Dicing Die Bonding Film,” which is a two-in-one adhesive film with the functions for both dicing tape and die bonding film used in semiconductor packaging process (backend process),…
Vertex Energy, Inc. (Houston) announced the successful mechanical completion of its transformational renewable-diesel unit at the company's Mobile, Ala. refining facility. Mechanical completion of the renewable diesel unit has been successfully achieved. As the project team proceeds with commissioning the…
Clariant AG (Muttenz, Switzerland) announced the completion of the divestment of its North American Land Oil business to Dorf Ketal (Mumbai, India), a specialty chemicals manufacturer and service provider headquartered in India, for $14.5 million on 31 March 2023. Clariant’s…
Ineos (London) announced that INEOS Phenol completed its acquisition of the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million. The business has a turnover of…
A new joint venture — Envalior — has emerged from the combination of two industry leaders in engineering materials – DSM N.V. (Heerlen, the Netherlands) Engineering Materials (DEM) and Lanxess AG (Cologne, Germany) High Performance Materials (HPM) – under the…