BASF SE (Ludwigshafwen, Germany; www.basf.com) is planning its first manufacturing plant in Myanmar in 2017. Subject to Myanmar regulatory approvals, the plant to be located in Myanmar’s commercial capital, Yangon, will be designed to produce tailor-made construction chemical solutions for…
Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) and SK Materials Co., Ltd. (SKM; www.sk-materials.com), of South Korea, has concluded an agreement to establish a joint corporation which is to produce and sell high-purity monofluoromethane gas (CH3F) to be used in…
Solvay SA (Brussels, Belgium; www.solvay.com) has completed the sale of its Neolor business to the Baotou Hongbo Te Technology Co. (HBT), as its Special Chem Global Business Unit (GBU) is refocusing its activities on selective high value-added segments in the…
thyssenkrupp Industrial Solutions AG (Essen, Germany; www.thyssenkrupp-industrial-solutions.com) has supplied and recently commissioned Egypt’s largest nitrogen fertilizer complex (photo). It is located in the Damietta free trade zone, some 160 km north-east of Cairo, and will be operated by the Egyptian…
CB&I (The Woodlands, Tex; www.cbi.com) has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along…
The preliminary value for the October CE Plant Cost Index (CEPCI; the most recent available) edged slightly higher than the previous month’s value, reversing the small decline since July. The Equipment, Construction Labor and Engineering & Supervision subindices all ticked…
Linde Korea, a member of The Linde Group (Munich, Germany; www.the-linde-group.com), announced that it has completed the takeover of Air Liquide Korea’s industrial merchant and electronics onsite and liquid bulk air gases business in South Korea. The ten sites under…
Lonza Group AG (Basel, Switzerland; www.lonza.com)), KKR and Capsugel S.A. announced that they have entered into a definitive agreement under which Lonza will acquire Capsugel from KKR for $5.5 billion in cash, including refinancing of existing Capsugel debt of approximately…
Akzo Nobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) has finalized the acquisition of BASF’s global Industrial Coatings business, which supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport, strengthening its position as the global…
Darren W. Woods, currently president of Exxon Mobil Corp. (Irving, Tex.; www.exxonmobil.com), has been elected chairman and chief executive officer (CEO) by the board of directors effective Jan. 1, 2017. Rex W. Tillerson, chairman and chief executive officer of Exxon…