Petrochemicals
HP Construction: Asia-Pacific
The Linde Group is set to build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The company will be investing around €42 million in the first pha..
HP Impact: Bio-based polymers could be next big thing
Biofuels and bio-based chemicals have been promoted as a potential solution for dependence on petroleum. They also have favorable greenhouse gas emissions compared to fossil fuels and petrochemicals b..
Westlake Chemical raises bid for Georgia Gulf
Westlake Chemical has submitted a revised proposal to the board of Georgia Gulf to acquire all the outstanding shares of the company for $35.00/share in cash. The revised proposal represents a 17% increase to Westlake’s previous bid, the company said.
Yara, Apache take control of Burrup ammonia plant in Australia
Apache has acquired 49% interest in Burrup Holdings, owner of an ammonia fertilizer plant in the Burrup Peninsula region of Western Australia. Meanwhile, Yara paid $143 million to increase its ownership in the 850,000 tpy plant to 51% from 35%.
Georgia Gulf rejects revised takeover bid from Westlake Chemical
Georgia Gulf on Wednesday rejected the revised takeover bid from US-based Westlake Chemical, which bumped its offer to $35/share from an earlier $30/share. The company said the offer was far from compelling and did not represent an appropriate price to discuss the sale.
Eastman to buy US specialty chemicals firm Solutia in $4.7 billion deal
Eastman Chemical has agreed to acquire US-based specialty chemicals and performance materials firm Solutia, a global leader in performance materials and specialty chemicals, in a deal valued at about $4.7 billion (including debt). The deal is expected to close in mid-2012.
Samsung, Total plan $1.8 billon expansion on South Korea petrochemical venture
Construction at the Daesan complex will include a second aromatics1 unit and an ethylene-vinyl acetate (EVA) copolymer unit.
US business lobby likes Obama plan on China
A US business lobby group voiced support for President Barack Obama's proposal for export financing for US companies competing against Chinese rivals in third-country markets, seeking a more "level playing field" with Chinese companies.
NPRA finalizes name change, becomes American Fuel & Petrochemical Manufacturers
The long-standing US refining and petrochemical trade group National Petrochemical & Refiners Association (NPRA) on Wednesday officially changed its name to the American Fuel & Petrochemical Manufacturers (AFPM). The name change is the fourth in its history.
Albemarle expands US polyolefin catalysts capacity
Albemarle says it successfully completed the latest expansion of its process development center (PDC) in Baton Rouge, Louisiana, by installing a new production train for finished polyolefin catalysts and a number of supporting auxiliaries. The company did not disclose specific capacity figures on the expansion.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
