Sector News

Japan's Kuraray to buy Calgon Carbon for $1.1 bln

September 21, 2017
Chemical Value Chain

Japanese chemical manufacturer Kuraray Co Ltd will buy U.S. activated carbon firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses.

Kuraray said it would buy all of Calgon Carbon’s shares for $21.50 each, making the Pittsburgh-based company a wholly-owned subsidiary. It said it planned to complete the debt-funded acquisition – which is subject to shareholder and regulatory approval – within the year.

By Thomas Wilson

Source: Reuters

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?