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Cabot to divest its Specialty Fluids business for $135 million
Cabot Corp. (Boston, Mass;. www.cabot-corp.com) has entered into a definitive agreement to sell its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., in a transaction valued…
U.S. chemical production rose in December, ACC says
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.6 percent in December, following a 0.3 percent gain in November and a 0.4 percent decline in October. During December,…
ExxonMobil to begin construction of new production unit at Beaumont refinery
ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The…
Saint-Gobain opens float-glass manufacturing site in Chennai
Saint-Gobain (Paris, France; www.saint-gobain.com) has opened a new flat glass production line (float) located in Sriperumbudur, near Chennai, India, at a ceremony attended by Pierre-André de Chalendar, Chairman and CEO of Compagnie de Saint-Gobain. This new state-of-the-art facility was built…
Cepsa and Cosmo Energy sign MOU for collaboration in the lubricants market
Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) and Cosmo Energy Group (Tokyo; www.ceh.cosmo-oil.co.jp) signed a memorandum of understanding (MOU) to study new business opportunities in the lubricants market, both in Spain and Japan and internationally. The agreement covers…
Avantium buys out BASF’s stake in Synvina joint venture
Avantium (Amsterdam, the Netherlands; www.avantium.com) announced that it has retaken full ownership of its YXY plants-to-plastics technology through the purchase of BASF’s shares in the Synvina joint venture. Avantium has appointed Marcel Lubben as Managing Director of Synvina to lead…
Saudi Aramco, TechnipFMC and Axens advance Catalytic Crude to Chemicals technology
Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com), through its wholly-owned subsidiary Saudi Aramco Technologies, signed a Joint Development and Collaboration Agreement (JDCA) with Axens (Rueill-Malmaison, France; www.axens.net) and TechnipFMC (Houston; www.technipfmc.com) to accelerate the development and commercialization of the company’s Catalytic…
Rockwell Automation acquires software developer Emulate3D
Rockwell Automation Inc. (Milwaukee, Wisc.; www.rockwellautomation.com) has acquired Emulate3D, an engineering software developer whose products digitally simulate and emulate industrial automation systems located in Reading, U.K. By using accurate simulation models to improve systems planning and decision-making, followed by emulation…
Celanese to expand Clear Lake acetic acid plant
Celanese Corp. (Dallas, Tex.; www.celanese.com) announced that it will initiate the reconfiguration of its global acetic acid production network through multiple value-creation steps. Celanese recently announced the planned acquisition of the carbon monoxide production unit from Linde PLC, located at…