Evonik Industries AG (Essen, Germany; www.evonik.com) has signed an agreement to sell its Methacrylates business to Advent International (Boston, Mass.; www.adventinternational.com) for €3 billion. The selling price (enterprise value) is 8.5 times the business’ EBITDA. The transaction is subject to…
Axens (Rueill-Malmaison, France; www.axens.net) has announced that it has taken an equity interest in the French company Arol Energy (Le Bourget-du-Lac, France; www.arol-energy.com), an expert in biogas purification systems. Arol Energy has many years of experience in the development and…
Syndial, Eni's (Rome, Italy; www.eni.com) center for the environment and waste management, and Veritas signed a memorandum of understanding in Venice to jointly study the construction of an industrial plant that will transform the organic fraction of solid municipal waste…
Nouryon (formerly AkzoNobel Specialty Chemicals; www.nouryon.com) has started production of Butanox, one of its methyl ethyl ketone peroxide (MEKP) product lines, at its site in Pasadena, Texas, providing a local supply source and enabling a better service for customers in…
On March 3, Sadara Chemical Company (Sadara; www.sadara.com), a Joint Venture developed by Saudi Aramco & The Dow Chemical Company, broke ground on the Ethylene Oxide (EO) and Propylene Oxide (PO) Pipeline Project. This pipeline will serve a key industrial…
Industrial gases specialist Messer Group GmbH (Bad Soden, Germany; www.messergroup.com) acquired the majority of Linde AG’s (Munich, Germany; www.linde.com) gases business in North America and certain Linde and Praxair (Danbury, Conn.; www.praxair.com) business activities in South America with effect from…
Praxair, Inc. (Danbury, Conn.; www.praxair.com) a wholly-owned subsidiary of Linde plc, has authorized the construction of a world scale hydrogen plant in Louisiana to supply product under a long-term contract with a major refinery in the area. The new plant…
Aker Solutions ASA (Lysaker, Norway; www.akersolutions.com) has been selected by Preem, Sweden’s largest fuel company, to perform tests and studies of its carbon capture technology at Scandinavia’s biggest oil refinery in Lysekil on the Swedish west coast. Aker Solutions will…
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) announced that its subsidiary Tecnimont S.p.A., through its affiliate Tecnimont Arabia Company Limited, has been awarded a reimbursable EPC contract by National Petrochemical Industrial Company (NATPET) for the reinstatement of the existing Polypropylene Plant…
Matheson Tri-Gas, Inc. (www.mathesongas.com), a wholly owned subsidiary of TNSC Group, has completed its acquisition of the divested Linde HyCO business in the United States that became available as a result of the global business combination of Linde and Praxair.…