Ineos (www.ineos.com) will acquire BASF SE’s (Ludwigshafen, Germany; www.basf.com) 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by Ineos amounts to €1.1 billion. A call option in favor of Ineos to buy…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a definitive agreement with Ineos to create a strong player in chlorovinyls, to be named Inovyn. The joint venture (JV) is expected to be effective by year-end following the divestments required by the…
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Nyrstar, a global integrated mining and metals company, to provide Outotec Ausmelt technology to the Port Pirie redevelopment in South Australia. Outotec will provide a technology licence, engineering, proprietary equipment and advisory…
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says that it was awarded a contract to support Ashta Chemicals Inc. in making significant upgrades to its chlorine and potassium-based chemicals plant located in Ashtabula, Ohio. Company officials did not disclose the…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for…
Oxea (Oberhausen, Germany; www.oxea-chemicals.com) says that its specialty esters plant in Nanjing, China, is now mechanically complete. After a construction period of slightly more than fifteen months the new state-of-the-art plant is currently in the commissioning and startup phase. The…
ExxonMobil Chemical Co. (Houston; www.exxonmobile.com) says that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Tex., complex and associated premium product facilities in nearby Mont Belvieu. This project, and major investments ExxonMobil has made to…
Lanxess AG (Cologne, Germany; www.lanxess.com) has completed the expansion of its Baypren polychloroprene solid rubber production operations in Dormagen, Germany. Werner Breuers, member of the Lanxess AG Board of Management, and Jan Paul de Vries, head of Lanxess’ High Performance…
Novasep (Pompey, France; www.novasep.com), a leading supplier of services and technologies to the life science industries, today announces that its Shanghai-based Asia Pacific subsidiary has secured an engineering, procurement and construction (EPC) contract with Tay Ninh Chemical Industry (Tanichem), a…
Kobe Steel, Ltd. (Tokyo, Japan; www.kobelco.com) announces that its subsidiary company, Kobelco Machinery do Brazil Ltda., has begun full-scale marketing of nonstandard compressors in the South America. Based in Sao Paulo, Kobelco Machinery do Brazil (KMB) is Kobe Steel’s first…