In a significant move in the chemical industry, LyondellBasell (LYB) has announced its agreement to sell its Ethylene Oxide & Derivatives (EO&D) business, along with the Bayport, Texas production facility, to INEOS Oxide (INEOS). The all-cash transaction is valued at $700 million, representing a strategic shift for both companies. Peter Vanacker, CEO of LyondellBasell, emphasized […]
Neste has decided to close its Naantali refinery in Finland by the end of March 2021 and also renew the operating model of its oil products business, leaving nearly 370 jobs at risk. In September 2020, the Finnish oil refining and marketing company revealed plans to restructure its refining activities in Porvoo and Naantali for […]
Neste, a Finnish renewable diesel producer, has acquired 100% of the Dutch Count Companies’ Count Terminal Rotterdam and its supporting entities, part of the First Dutch Group of Peter Goedvolk. Financial terms of the deal were not disclosed. Count Terminal Rotterdam is engaged in storage, refining and blending of renewable waste and residue-based raw materials […]