Sector News

Hanwha Chemical drops review of buying Dow Chemical chlorine biz

December 1, 2014
Energy & Chemical Value Chain
(Reuters) – South Korea’s Hanwha Chemical is no longer considering buying parts of Dow Chemical’s chloro-alkali business, a spokesman for Hanwha Group said on Monday.
 
South Korea’s Hanwha Chemical had picked Credit Suisse to advise on possible purchases from Dow Chemical’s chloro-alkali business but its interest is still in the early stages, Hanwha said earlier this year.
 
Hanwha Chemical and two group affiliates said it will buy stakes in Samsung Group’s four chemical and defence firms for 1.9 trillion won ($1.72 billion) last week.
 
The Hanwha spokesman said the stake purchases in Samsung firms are expected to boost its petrochemical business, no longer making it necessary to consider Dow Chemical’s businesses.
 
(Reporting by Joyce Lee; Editing by Michael Perry)

comments closed

Related News

December 3, 2023

CF Industries completes acquisition of Waggaman ammonia production facility

Energy & Chemical Value Chain

CF Industries Holdings, Inc. (NYSE: CF) today announced that it has closed its acquisition of Incitec Pivot Limited’s (“IPL”) ammonia production complex located in Waggaman, Louisiana. Under the terms of the agreement, CF Industries purchased the Waggaman ammonia plant and related assets for $1.675 billion, subject to adjustments.

December 3, 2023

Virent and Johnson Matthey: behind the pioneering technology that enabled the first 100% SAF trans-atlantic flight

Energy & Chemical Value Chain

The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks. This was enabled through the inclusion of a new bio-based aromatic jet fuel blending component.

December 3, 2023

COP28: Cepsa, C2X eye €1B investment in green methanol plant at Huelva, Spain

Energy & Chemical Value Chain

Cepsa SA (Madrid) has agreed a deal with C2X, an independent firm owned by AP Moller Holding with AP Moller-Maersk as minority owner, to develop a 300,000 metric tons per year renewable methanol plant at Huelva, Spain.

How can we help you?

We're easy to reach