Polymers
PolyOne to buy specialty additives firm ColorMatrix
US-based specialty polymers firm PolyOne has agreed to acquire ColorMatrix, a leading global innovator in liquid colorants, additives and fluoropolymers, in a deal worth $486 million.
HP Construction: South America
Foster Wheeler’s Global Engineering and Construction Group has been released to perform the second phase scope for an existing contract with Ecopetrol S.A. for modernization of the refinery in Ba..
HP Construction: Middle East
Fluor Corp. has been awarded an engineering, procurement and construction (EPC) contract by SAPCo, a joint-venture company being formulated between Saudi Acrylic Acid Co. and Evonik Industries, for it..
HP Construction: Asia-Pacific
Gladstone Liquefied Natural Gas (GLNG) in Queensland, Australia, has selected Meridium, Inc. as the platform for its enterprise-wide APM initiative. The GLNG plant, which began construction earlier th..
Braskem closes on deal for Dow polypropylene unit
Dow Chemical said on Friday that it closed on the $340 million sale of its global polypropylene (PP) business to Brazil-based Braskem. In addition to the transaction, which was first announced in July, the two companies said they would continue to evaluate potential future collaborations.
Amyris, Michelin to develop renewable isoprene
US renewable chemicals and fuels firm Amyris has agreed to work with tire company Michelin on the development and commercialization of renewable isoprene, the chemical building block in rubber tires and other products that use synthetic and natural rubbers.
Celanese opens German engineered polymer plant
US-based specialty chemicals firm Celanese has opened its polyoxymethylene (POM) production facility in Frankfurt Hoechst Industrial Park in Germany. With a nameplate capacity of 140,000 tpy, Celanese’s new POM plant will be the world’s largest and strengthens the company’s Ticona engineering polymers business, including its global operations and advanced technical capabilities, the company said.
Cabot JV opens black masterbatch plant in China
Cabot has opened its new masterbatch plant in Tianjin, China, the specialty chemicals producer said on Monday. Construction of the $20 million black masterbatch project began in February 2011.
Neste Oil to sell Belgium polyalphaolefin plant to Chevron Phillips Chemical
Chevron Phillips Chemical (CPChem) has agreed to acquire a polyalphaolefin (PAO) plant located in Beringen, Belgium, from Neste Oil.
Huntsman plots expansion for US epoxy resins
US-based chemicals major Huntsman has begun initial plans to expand its epoxy resins product lines by launching a multi-million dollar engineering study at its facility in McIntosh, Alabama.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
