Latest Posts Under: Chemical Industry News

Dow to divest its acetone derivatives business to Altivia

US commodity chemical company Dow has agreed to sell its acetone derivatives business to Altivia Ketones & Additives, an affiliate of Altivia Petrochemicals, for an undisclosed amount. In addition to the Institute Industrial Park, the sale involves Dow’s acetone derivatives business and associated chemical manufacturing assets at Institute, West Virginia, US. However, Dow with ownership […]

Ineos breaks ground on new acrylonitrile styrene acrylate plant in Bayport

Styrenics applications provider Ineos Styrolution has broken ground on its new acrylonitrile styrene acrylate plant in Bayport, Texas, US, as part of expansion plans for the Americas. The new acrylonitrile styrene acrylate plant (ASA plant) with a production capacity of 100,000 ton per annum is expected to establish the company as the only global producer […]

Brother Enterprises to acquire Lanxess chrome chemicals business for $93m

Lanxess, a US-based specialty chemicals company, has signed an agreement to sell its chrome chemicals business Lanxess CISA to Chinese leather chemicals producer Brother Enterprises for €83.05 million ($93.06 million). The chrome chemicals business, which belongs to the Lanxess Leather business unit, generates annual sales of around €100 million. Brother Enterprises will acquire Lanxess’s two […]

Indorama to acquire Huntsman’s chemical intermediates and surfactants units

US chemical manufacturing company Huntsman has agreed to divest its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Thai petrochemicals producer Indorama Ventures for $2.076 billion. The deal is expected to help Huntsman to focus on its growing polyurethanes operations while enabling Indorama Ventures to increase its US footprint. As part of […]

Kyowa Chemical improves global business visibility using Infor M3 Cloud

Kyowa Chemical Industry, a Japanese chemical products manufacturer and seller for industry and healthcare, has deployed Infor M3 Cloud, an ERP software developed by Infor, to improve business data visibility and business efficiency as part of its overseas expansion. Infor M3 Cloud integrates all international sales, purchasing and inventory management functionalities with a single system […]

Macquarie to acquire Currenta from Bayer and Lanxess for €3.5bn

German pharma company Bayer and specialty chemicals company Lanxess have signed corresponding agreements with Macquarie Infrastructure and Real Assets (MIRA) to sell their stakes in Currenta, a chemical park operator, for an enterprise value of €3.5 billion. Currenta, a joint venture of Bayer and Lanxess, manages and operates infrastructure, energy supply and other essential services […]

Fluor wins FEED contract for INEOS vinyl acetate monomer plant in Hull

Fluor Corporation has received a front-end engineering and design (FEED) contract from INEOS for the latter’s new vinyl acetate monomer plant at the Saltend Chemicals Park in Hull, UK, as per the latest chemical industry news. The new vinyl acetate monomer plant will be designed to manufacture 300,000 metric tons per annum of the organic […]

McDermott wins fluid catalytic cracking unit contract for Panipat Refinery

McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil). With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services. The fluid catalytic […]

Airgas liquid carbon dioxide and dry ice facility opens in Stockton, CA

Air Liquide company Airgas has opened a new liquid carbon dioxide and dry ice facility in Stockton in California. The plant is a zero runoff/discharge site and technology at the site will arrest and recycle all process and rainwater that comes in contact with the equipment. Engineered to have a minimal environmental impact, the facility […]

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