Linde plc (www.linde.com) has completed the sale of selected assets of Linde Korea to IMM Private Equity Inc., in accordance with the recent merger between Linde AG and Praxair, Inc. and the Korea Fair Trade Commission. The assets divested include…
Saipem S.p.A. (San Donato Milanese, Italy; www.saipem.com) has signed a Preliminary Agreement with JSC GazpromNeft Moscow Refinery and an engineering, procurement and construction (EPC) Contract with Infrastructure Development and Construction (IDC) for an aggregate value of around €500 million. The…
KBR, Inc. (Houston; www.kbr.com) announced that its subsidiary Plinke GmbH has been awarded a contract by Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) of India to build a Concentrated Nitric Acid plant (CNA) at Bharuch, Gujarat. Under the terms of…
Petróleo Brasileiro S.A. (Petrobras; www.petrobras.com.br) announced that its Board of Directors approved new guidelines for the management of its asset portfolio. The new guidelines consider the sale of assets, with emphasis on downstream segment, including the full sale of PUDSA,…
Air Liquide Engineering & Construction (Frankfurt am Main, Germany; www.engineering-airliquide.com) has signed a new supply contract with Baosteel Zhanjiang Iron & Steel Co., Ltd.( Zhanjiang Steel), a subsidiary of Baosteel Group, a large-scale enterprise designed to meet demand for iron…
Parker Hannifin Corp. (Cleveland, Ohio; www.parker.com) announced that it has entered into a definitive agreement to acquire LORD Corp. (Cary, N.C.; www.lord.com) for approximately $3.675 billion in cash. The transaction has been approved by the Board of Directors of each…
Mike Lassas has been appointed to the position of President of Proco Products, Inc. (Stockton, Calif.; www.procoproducts.com), effective May 1, 2019. In his new position as President, Lassas will handle all day-to-day operations at Proco. Lassas was born and raised…
Venator Materials PLC (Wynyard, U.K.; www.venatorcorp.com) announced that it has completed its acquisition of the European titanium dioxide (TiO2) paper laminates business (the 8120 Grade) of Tronox Holdings plc (Stamford, Conn.; www.tronox.com). Tronox will supply the 8120 Grade product to…
Univation Technologies LLC (Houston; www.univation.com) has announced that PJSC Kazanorgsintez (KOS) has successfully produced metallocene polyethylene resin on their existing UNIPOL PE Reactor Line located in Kazan, Republic of Tatarstan, in the Russian Federation. KOS currently operates three UNIPOL PE…
Honeywell UOP (Des Plaines, Ill.; www.uop.com) announced that Sinochem Hongrun Petrochemical Co., Ltd. will use Honeywell UOP’s ISOALKY ionic liquids alkylation technology to produce cleaner-burning motor fuels at its refinery complex in China. Hongrun is the first petrochemicals manufacturer in…