Russian petrochemicals company Sibur has upgraded its terephthalic acid production facility (TPA production facility) at its Blagoveshchensk site in Russia to meet the growing demand for the polymer in the country and phase out reliance on imports. The upgrade will increase the capacity of the country’s only terephthalic acid production facility from 272,000 to 350,000 tons […]
German chemical producer BASF and Technische Universität Berlin (TU Berlin) have partnered to cooperate in the area of machine learning through the Joint Lab for Machine Learning (BASLEARN) to be based in Berlin, Germany. BASLEARN will focus on developing workable new mathematical models and algorithms for fundamental questions relating to chemistry in the coming years. […]
Belgian chemical company Solvay has agreed to sell its Performance Polyamides Business in Europe to Domo Chemicals for approximately €300 million as part of the European Commission’s merger control clearance process. The transaction also marks the divestment of Solvay’s remaining Polyamides business to BASF. The assets acquired by Domo Chemicals involve Solvay’s Engineering Plastics operations in […]
US commodity chemical company Dow has agreed to sell its acetone derivatives business to Altivia Ketones & Additives, an affiliate of Altivia Petrochemicals, for an undisclosed amount. In addition to the Institute Industrial Park, the sale involves Dow’s acetone derivatives business and associated chemical manufacturing assets at Institute, West Virginia, US. However, Dow with ownership […]
Styrenics applications provider Ineos Styrolution has broken ground on its new acrylonitrile styrene acrylate plant in Bayport, Texas, US, as part of expansion plans for the Americas. The new acrylonitrile styrene acrylate plant (ASA plant) with a production capacity of 100,000 ton per annum is expected to establish the company as the only global producer […]
Lanxess, a US-based specialty chemicals company, has signed an agreement to sell its chrome chemicals business Lanxess CISA to Chinese leather chemicals producer Brother Enterprises for €83.05 million ($93.06 million). The chrome chemicals business, which belongs to the Lanxess Leather business unit, generates annual sales of around €100 million. Brother Enterprises will acquire Lanxess’s two […]
US chemical manufacturing company Huntsman has agreed to divest its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Thai petrochemicals producer Indorama Ventures for $2.076 billion. The deal is expected to help Huntsman to focus on its growing polyurethanes operations while enabling Indorama Ventures to increase its US footprint. As part of […]
Kyowa Chemical Industry, a Japanese chemical products manufacturer and seller for industry and healthcare, has deployed Infor M3 Cloud, an ERP software developed by Infor, to improve business data visibility and business efficiency as part of its overseas expansion. Infor M3 Cloud integrates all international sales, purchasing and inventory management functionalities with a single system […]
German pharma company Bayer and specialty chemicals company Lanxess have signed corresponding agreements with Macquarie Infrastructure and Real Assets (MIRA) to sell their stakes in Currenta, a chemical park operator, for an enterprise value of €3.5 billion. Currenta, a joint venture of Bayer and Lanxess, manages and operates infrastructure, energy supply and other essential services […]
Fluor Corporation has received a front-end engineering and design (FEED) contract from INEOS for the latter’s new vinyl acetate monomer plant at the Saltend Chemicals Park in Hull, UK, as per the latest chemical industry news. The new vinyl acetate monomer plant will be designed to manufacture 300,000 metric tons per annum of the organic […]