Perdaman Chemicals and Fertilisers (Perdaman) has signed a licensing and engineering contract for Haldor Topsoe A/S’s (Lyngby, Denmark; www.topsoe.com) SynCOR Ammonia solution for its A$4 billion ammonia/urea plant in Karratha, Western Australia. With a planned capacity of 3,500 metric tons…
Elanco Animal Health (Greenfield, Ind.; www.elanco.com) has entered into a definitive agreement to acquire Bayer’s Animal Health business, Bayer AG (Leverkusen, Germany; www.bayer.com) announced on Tuesday. The transaction is valued at $7.6 billion, consisting of $5.3 billion in cash, subject…
PolyOne Corp. (Cleveland, Ohio; www.polyone.com) announced it has entered into a definitive agreement to sell its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million in cash. PolyOne expects to record a pre-tax gain of approximately…
Motiva Enterprises, LLC (Houston; www.motiva.com) and an affiliate of Flint Hills Resources (Wichita, Kan.; www.fhr.com) announced that they have signed an agreement for Motiva to acquire a 100% ownership interest in Flint Hills Resources Port Arthur, LLC. The potential acquisition…
Cemvita Factory Inc. (Houston; www.cemvitafactory.com) and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corp. (Houston; www.oxy.com), announced that they have reached an investment agreement. OLCV’s investment will advance the development of new bio-engineered pathways that use…
Sumitomo Chemical Co. (Tokyo, Japan; www.sumitomo-chem.co.jp) has signed an agreement with Bharat Petroleum Corporation Limited (BPCL; Mumbai, Maharashtra, India) for licensing its propylene oxide (PO) production technology in connection with the petrochemical project which BPCL is conducting. BPCL is one…
Chevron Lummus Global LLC (CLG), a joint venture between Chevron U.S.A. Inc. (Richmond, Calif.; www.chevron.com) and McDermott, Inc. (Houston; www.mcdermott.com) announced its selection by Compañía Española de Petróleos (CEPSA) to provide licensed technology for its Algeciras Refinery in Spain. CLG…
The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for June 2019 decreased from the previous month’s value. The decline is the fourth within the last five months. Decreases in the Equipment, Buildings and Engineering…
Sibur's (Moscow; www.sibur.com) Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one currently in Russia. The attendees included Pavel Sorokin, Deputy Minister of Energy, Radiy Khabirov, Acting Head of the…
Honeywell says that Zhejiang Satellite Petrochemical Co., Ltd. is using Honeywell UOP’s C3 Oleflex technology to produce 450,000 metric tons per year (m.t./yr) of polymer-grade propylene for a new petrochemicals complex in China. This is the second C3 Oleflex unit…