Evonik Industries AG (Essen, Germany; www.evonik.com) has officially begun construction on its largest investment to date in Germany. Armin Laschet, the minister president of the federal state of North Rhine-Westphalia, and Christian Kullmann, the chairman of the executive board of…
The engineering software developer Aucotec AG (Hannover, Germany; www.aucotec.com) acquired a new major client in the oil, gas, wind and solar energy sectors: Equinor ASA (formerly Statoil; Stavanger, Norway; www.equinor.com), will be digitizing and maintaining its plants with Aucotec's data-driven,…
The Daesan integrated petroleum-refining and petrochemicals complex in South Korea, owned by Hanwha Total Petrochemical — A 50–50 joint venture between Total S.A. (Paris, France; www.total.com) and Hanwha Group (Seoul, South Korea; www.hanwha.com) — has started its new ethylene production…
Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has entered into a definitive agreement to acquire Capital Paints LLC, a U.A.E.-based thermosetting powder coatings manufacturer specializing in architectural powder coatings. The transaction is subject to required regulatory approvals and other customary closing…
At its site in Brilon, Germany, Bond-Laminates GmbH – a wholly owned subsidiary of specialty chemicals company Lanxess AG (Cologne, Germany; www.lanxess.com) – has commissioned two new production lines for Tepex continuous-fiber-reinforced thermoplastic composites. “We have increased our capacity for…
ArcelorMittal (Luxembourg; www.arcelormittal.com) has signed a memorandum of understanding with international energy firm Equinor ASA (Stavanger, Norway; www.equinor.com) to develop value chains in carbon capture and storage. Equinor is a partner in the Northern Lights project, together with partners Shell…
Siemens AG (Munich, Germany; www.siemens.com) is planning to acquire Process Systems Enterprise Ltd. (PSE; London; www.psenterprise.com), a technology- leading global supplier of software and services for advanced process modelling. Advanced models are used within digital R&D, design and operations in…
CP Kelco (Atlanta, Ga.; www.cpkelco.com) that it will increase pectin production capacity by about 15% at its Lille Skensved, Denmark, facility in response to continued global demand for the product. This significant investment will enhance market supply in 2020 of…
Materials manufacturer Covestro (Leverkusen, Germany; www.covestro.com) has signed an agreement with Serafin Group (Augsburg, Germany; www.serafin-gruppe.de) for the sale of Covestro’s European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, central management operations and sales support in…
TEESS, a 50/50 joint venture company, established by Total S.A. (Paris, France; www.total.com), and Envision Group (Shanghai, China; www.envision-group.com), a global leading smart-energy-technology company, launches its commercial activity to develop on site distributed generation solar projects for B2B customers in…