Latest News: Business
Dow sells Unipol polypropylene licensing and catalyst business to W.R. Grace
W. R. Grace & Co. (Columbia, Md.; www.grace.com) announced that it has signed a definitive agreement to acquire the assets of the Unipol Polypropylene Licensing and Catalysts business of The Dow Chemical Company (Midland, Mich.; www.dow.com) for a cash purchase…
Oman Oil acquires Oxea from Advent International
Advent International www.adventinternational.com), one of the largest and most experienced global firms dedicated solely to private equity, today announced its divestment from Oxea (www.oxea-chemicals.com), one of the largest global manufacturers of Oxo chemicals. Oman Oil Co. (OOC; Muscat; www.oman-oil.com), a…
Lanxess commissions CO2 concentration unit in South Africa
Lanxess AG (Cologne, Germany; www.lanxess.com) has commissioned a new CO2 concentration unit at its Newcastle production site in South Africa. Lanxess has invested some €40 million to build the unit, which was completed in just 19 months. The company operates…
Novozymes and Beta Renewables open advanced biofuels facility in Italy
Novozymes (Copenhagen, Denmark; www.novozymes.com), the world’s largest producer of industrial enzymes, and Beta Renewables, a global leader in cellulosic biofuels and part of the Mossi Ghisolfi Group, announced the official opening in Northern Italy of the world’s largest advanced biofuels…
Air Products plans liquid N2 facility in Texas
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced plans to build, own and operate a new liquid nitrogen production facility in West Texas to serve the oil and gas industry in the Permian Basin. The new facility, to have an approximate…
Solvay to acquire Chemlogics
As part of its ongoing transformation, Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement to acquire privately-held Chemlogics (Paso Robles, Calif.) for a total cash consideration of $1.345 billion. Adding the U.S.-based company to Solvay's Novecare business unit will…
Teijin – SK Chemicals JV begins constructing PPS resin plant
Teijin Ltd. (Tokyo, Japan; www.teijin.co.jp) imited announced today that it has established a joint venture with South Korean chemical producer SK Chemicals to develop and sell polyphenylene sulfide (PPS) resins and compounds in Ulsan, South Korea. Construction of a 12,000-ton/yr…
Ashland Water Technologies and Dorf Ketal enter strategic distribution partnership
Ashland Water Technologies, a commercial unit of Ashland Inc. (Covington, Ken.; www.ashland.com), and Dorf Ketal Chemicals, LLC, a specialty chemicals company serving the downstream refining and petrochemical industries, today announced they have entered a strategic distribution agreement within North America…
Airgas to acquire Encompass Gas Group
Airgas, Inc. (Radnor, Pa.; www.airgas.com), a supplier of industrial, medical, and specialty gases, and related products, today announced that it has reached a definitive agreement to acquire the assets and operations of The Encompass Gas Group, Inc., headquartered in Rockford,…
Nexeo Solutions acquires CSD, strengthens end-market presence
Nexeo Solutions (The Woodlands, Tex.; www.nexeosolutions.com), a chemical distributor, announced that they have entered into an agreement to acquire Chemical Specialists and Development, Inc. (CSD), also known as Startex Chemical. Through this acquisition, Nexeo Solutions expands its capabilities in formula…