Sumitomo Chemical Co. (Tokyo, Japan) announced that its wholly owned Korean subsidiary, Dongwoo Fine-Chem Co., Ltd. (Dongwoo Fine-Chem), has signed a joint venture (JV) agreement with Samsung Electro-Mechanics Co., Ltd. (Suwon, South Korea) to establish a joint venture company that…
Solstice Advanced Materials (Morris Plains, N.J.; formerly part of Honeywell) and Element Solutions Inc. (Fort Lauderdale, Fla.) announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion,…
Optimized control-system architecture comes with many production benefits. One of the tools for doing this is to perform a series of step tests. In many cases, step tests are not possible, or are time-consuming or plan-intrusive. PITOPS is a specialized…
Hydrogen technology provider Verde Hydrogen (Stoughton, Mass.) has secured a landmark supply contract with China Coal Energy Group, tasked with delivering a full set of core electrolysis equipment for Phase I of the group’s large-scale off-grid renewable green hydrogen flagship…
Sulzer Ltd. (Winterthur, Switzerland) has been selected by WPU, part of Vitol, to provide its PyroCon™ technology and engineering services for its new chemical recycling facility in the Netherlands. The new WPU site will process up to 80,000 metric tons…
As part of a long-term contract, Air Liquide S.A. (Paris) will build, own and operate two new production units in Indiana to deliver ultra-pure gases to the first U.S. semiconductor fab of SK hynix, a South Korean global leader in…
As regulatory pressure and decarbonization targets continue to drive the chemical industry away from fossil-based feedstocks, biochemicals are emerging as essential building blocks of the circular economy. Derived from biomass, organic residues, and waste streams, they enable the production of…
Yara International ASA (Oslo, Norway) announced that its U.S. subsidiary, Yara North America, Inc., has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, affiliated with Lotus Infrastructure Partners and…
Axens (Rueil-Malmaison, France) announced that it has signed an agreement with Air Liquide S.A. (Paris) to acquire its Methanol-to-Olefins (MTO) technology portfolio, including the Lurgi Methanol-to-Propylene™ technology. This addition expands Axens’ SAF portfolio through Axens’ Jetanol® process chain, offering its…
Covestro AG (Leverkusen, Germany) completed the acquisition of two former Vencorex production sites for hexamethylene diisocyanate (HDI). derivatives in Rayong, Thailand, and Freeport, Texas, USA. With the acquisition, Covestro expands its production footprint for HDI derivatives and reaffirms its commitment…