Chemicals & Converting

Bunge and BP to form a bioenergy JV

July 22, 2019

Bunge (New York, NY), a leading producer and supplier of oilseed and grain products and ingredients, announced a partnership with BP plc (London, UK), the world’s sixth-largest oil and gas production and distribution company, to form a 50-50 ethanol joint venture in the north and..

Germany’s Evonik expects methacrylate Advent €3bn sale completed by 31 July

July 17, 2019

Germany’s Evonik expects the sale of its methacrylate business to US firm Advent International to be completed by 31 July, a source from the company confirmed on Tuesday. This follows approvals from the European Commission earlier in the month for the €3bn sale to the..

Combination of Exal and Ardagh businesses to form metal packaging producer Trivium

July 17, 2019

Ardagh Group has announced that it has entered into an agreement to combine its Food & Specialty Metal Packaging business with Exal Corporation, a leading producer of aluminium containers, to form ‘Trivium Packaging’. The move will create one of the largest metal packaging companies in..

Lubrizol Corp. buys German maker of catheter, balloon technologies

July 17, 2019

Wickliffe-based Lubrizol Corp. has acquired Bavaria Medizin Technologie GmbH in Germany. Bavaria Medizin Technologie makes intravascular and nonvascular devices like drug-coated balloons, according to a news release. The company offers original equipment manufacturing services and private label manufacturing of proprietary catheters and balloons. It’s headquartered..

Entegris buys MPD, provider of advanced materials, for $165 million

July 16, 2019

Entegris, the Billerica, Mass., provider of specialty chemicals for microelectronics, said Monday that it paid $165 million for MPD Chemicals. The privately-held MPD is a provider of advanced materials for use in specialty chemicals, life sciences and technology. It is based in Ambler, Pa. Entegris,..

Ineos goes ahead with major cumene project in Germany

July 12, 2019

Ineos Phenol, an Ineos subsidiary, today confirmed that it would build a world-scale cumene plant at the company’s Marl, Germany, site to be completed in 2021. Ineos first announced the project two years ago and said it hoped to bring the plant on-line in 2020…

Agilyx partners to launch European PS chemical recycling plant

July 11, 2019

Brussels-based Styrenics Circular Solutions (SCS) and Agilyx, Tigard, Oregon, have announced a collaboration between INEOS Styrolution, Trinseo and Agilyx to advance a polystyrene (PS) chemical recycling facility in Europe. The facility would be a first of its kind in Europe, Agilyx reports in a news release. SCS members INEOS Styrolution and..

Chevron Phillips, Qatar sign deal to build US petchem complex

July 11, 2019

Chevron Phillips Chemical and Qatar Petroleum signed an agreement to build an $8bn petrochemical complex on the US Gulf Coast, Chevron Phillips said on Tuesday. The two should make a final investment decision on the project no later than 2021. The complex could start operations..

Linde to invest US$1.4bn in Exxon Singapore supply deal

July 10, 2019

Linde is investing US$1.4bn to expand its gasification complex at Jurong Island in Singapore as part of a gas supply deal with ExxonMobil. The industrial gases firm will build and operate four additional gasifiers, a 1,200 t/d air separation plant, and downstream gas processing units..

BASF issues profit warning, citing downturn in automotive, North American agchems sectors

July 9, 2019

BASF on Monday significantly cut its 2019 earnings expectations, blaming a downturn in automotive markets and the North American agricultural sector for weaker second-quarter results. The company recently announced plans to reshape the organization, including 6,000 job cuts worldwide by the end of 2021 with..

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