Petrochemicals
Albemarle, Rockwood chemical merger approved
Shareholders from both companies approved the proposals relating to Albemarle's acquisition of Rockwood at their respective special meetings held earlier today.
Dow Chemical prefers LPG over US ethane as feed for European crackers
“According to our math, people should be doing LPG cracking in Europe, versus going to ethane and building large ethane carriers,” Dow CEO Andrew Liveris contends.
China’s Wison Engineering debuts new technology, catalyst for butadiene
Wison achieved a breakthrough in the first-ever commercialization of its proprietary technology in butene oxidization and dehydrogenation to butadiene, as well as the relevant catalyst.
Valspar acquires Canadian coatings firm Madison Chemical Industries
Madison has developed a global reputation for its products used for critical infrastructures such as water transmission pipelines, water and wastewater management, and potable water storage.
Praxair to supply hydrogen at Repsol Peru refinery
The new steam methane reformer (SMR) will be constructed at Repsol’s La Pampilla Refinery, in the Callao district, near Lima, and is expected to start up in 2016.
Dow sells Angus Chemical to Golden Gate Capital
The divestiture of ANGUS includes the business headquarters and R&D facility in Buffalo Grove, Illinois; manufacturing facilities located in Sterlington, Louisiana, and Ibbenbueren, Germany; a packaging facility in Niagara Falls, New York; as well as the associated business, inventory and contracts.
Dow Chemical boosts planned divestments target nearly 50% by mid-2016
On track to complete its goal of realizing $4.5 billion to $6 billion in proceeds by year-end 2015, and with additional portfolio management actions underway, Dow is now increasing its divestiture target to $7 billion to $8.5 billion to be complete by mid-2016.
Momentive Chemicals to build two new Louisiana formaldehyde plants
Momentive will invest about $66 million in the construction of these new, world-scale formaldehyde plants primarily in 2014 and 2015, with capacity of more than 400,000 tpy.
Nexant, ChemVision form new alliance to support petrochemicals in Brazil
Together, ChemVision’s 30-plus years of regional work experience and Nexant’s extensive international capabilities provide a unique strategic collaboration that dramatically builds on the in-depth consulting services Nexant has provided to the Brazilian market for more than 30 years.
Huntsman opens new Mumbai headquarters for Indian subcontinent
The 220,000 square feet, seven-story building will initially house some 300 Huntsman associates, including over 100 technical staff spread across three floors of laboratory and research facilities.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
