KKR has sent deal books for the sale of Circor International's DeltaValve subsidiary, a Sandy, Utah maker of coke drum unheading valves, with first-round bids expected in May; the business is marketed on $11 million of EBITDA, according to sources.
Dow signed an agreement to sell its flexible packaging laminating adhesives business to Arkema, covering five manufacturing sites in Italy, the United States and Mexico. The transaction value is $150 million, and closing is expected by the end of 2024 subject to regulatory approval.
SLB and ChampionX announced a definitive agreement for SLB to buy ChampionX in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares per share. The deal is expected to yield about $400 million in annual pre-tax synergies within three years.
Italian paper specialist Fedrigoni purchased selected assets of US specialty papers supplier Mohawk Fine Papers to strengthen its North American presence. The deal follows a partnership the two companies signed in September 2022.
Henkel signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
Weidu Valve Co. won a tender for special-material control valves and high-temperature TA9 hand valves for Jiangsu Ruixiang Chemical's 1.2 million t/a high-salt wastewater recovery project and a wet oxidation unit at Jiangsu Ruihen New Material, for CNY 38,981,292.
AkzoNobel's Packaging Coatings business introduced the first two products in its Accelstyle range, bisphenol-free exterior coatings for two-piece aluminium beverage cans.
Albert Heijn will use Avantium's PEF polymer for various packaging, starting with fruit juice bottles produced by Refresco once Avantium's commercial plant in Delfzijl is operational.
LyondellBasell acquired a 25% equity ownership in Cyclyx, the joint venture between Agilyx and ExxonMobil, to accelerate US plastics circularity infrastructure.
Lubrizol is doubling its CPVC compound manufacturing capacity at its Dahej, Gujarat site from 70,000 to 140,000 metric tons, with operations expected by early 2025. It also plans an R&D center at Dahej.
Lubrizol and Grasim Industries broke ground on the first phase of a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat, as part of Lubrizol's $150 million India investment. Phase one and a Dahej line are expected to be operational by early 2025.
SCG Packaging (SCGP) signed a joint development agreement with US-based Origin Materials to develop bioplastic from eucalyptus wood chips. The bioplastic project is being carried out in Canada, with results expected in the current quarter.
Speyside Equity-backed Opta Group, a supplier of performance materials for the molten metal, infrastructure and specialty chemical industries, acquired NuFlux. The article reports the deal on 20 October 2023 and gives no value.
Shanghai Yuxuan Pump & Valve won the valve section of the coal-to-olefins upgrade demonstration project of Guoneng Baotou Coal Chemical in Inner Mongolia, supplying ball, globe, gate, safety and control valves with a 30-day production cycle. The project raises methanol capacity from 1.8 to 3.8 million tonnes per year and methanol-to-olefins capacity from 0.6 to 1.3 million tonnes per year.
Valmet will deliver critical valves, valve automation and the Valmet DNA system to Keliber Oy's lithium refinery in Kokkola, Finland, with production ramp-up planned for the second half of 2025. The order was included in Valmet's Q3 2023 orders received.
Topsoe signed an agreement with World Energy GH2 to supply its dynamic ammonia loop technology for Project Nujio'qonik in Newfoundland and Labrador, Canada. The loop will produce up to 1,650 metric tons per day of renewable ammonia, with production expected to start in 2025.
Mitsubishi Chemical UK began construction of a new production line that will double capacity for its SoarnoL EVOH packaging polymer at Saltend Chemicals Park in Hull, a multi-hundred-million-pound investment. The line is expected to be operational by mid-2025 and create at least 30 direct jobs.
Celanese and Mitsui & Co. signed a definitive agreement to form Nutrinova, a food ingredients joint venture. Mitsui will acquire a 70 percent stake for $472.5 million, while Celanese keeps 30 percent. Closing is expected in the second half of 2023, pending regulatory approvals.
Técnicas Reunidas has been awarded detailed engineering, procurement and equipment supply to electrify large machinery at Repsol's Sines (Portugal) and Tarragona (Spain) complexes. The work replaces ethylene and propylene compressor turbines with electric motors and is meant to cut CO2 emissions by 260,000 tonnes per year.
Versalis, the chemicals unit of Eni, agreed to buy Novamont, a bioplastics and biochemicals company backed by NB Renaissance. No deal value was given in the article.
Monadelphous was awarded two five-year contracts with two-year extension options for maintenance services and sustaining capital projects at Albemarle Lithium's Kemerton operations in Western Australia. The work builds on its earlier construction of the lithium hydroxide plant.
Chevron Lummus Global was awarded a Petrobras contract for a new 12,580 bpd hydroisodewaxing unit at the GasLub Hub lubricant plant in Itaboraí, Rio de Janeiro state. Its scope covers the technology license, basic design engineering and research unit testing.
Investment company Heartwood Partners' portfolio company ChromaScape acquired CEL Chemical, a manufacturer of adhesives, additives, modifiers and enhancers for the corrugated industry. The article gives no acquisition date, so the article date is used.
Golden Triangle Polymers, a joint venture of Chevron Phillips and QatarEnergy, has named contractors for its $8.5 billion polyethylene plant in Orange, Texas, which is expected to employ about 4,500 construction workers. Production is expected to begin in 2026.
EXP has been awarded a contract by Lithium Americas for design, engineering and supply of equipment for a 3,000 metric tonnes/day sulfuric acid plant at the Thacker Pass lithium project in Humboldt County, Nevada. MECS, a subsidiary of Elessent Clean Technologies, holds the technology license for the plant.
Netherlands-headquartered Stahl has agreed to acquire ICP Industrial Solutions Group, a packaging and labeling coatings business with about USD 140 million in expected 2022 sales. Stahl secured $580 million in new financing for the deal, with closing expected before the end of Q1 2023.
H.B. Fuller has bought the entire share capital of Lemtapes Oy, combining the two companies to expand their product range and services in Europe.
Emerson will supply automation technologies, software and control systems for the Golden Triangle Polymers Project in Orange, Texas, a $8.5 billion ethane cracker and polyethylene complex. Operations are expected to begin in 2026.
Avantium and Origin Materials announced a partnership to accelerate mass production of FDCA and PEF bioplastics by combining their technologies to make FDCA from sustainable wood residues on an industrial scale.
LyondellBasell signed a definite long-term contract with Nexus Circular for about 24,000 tons of advanced recycled feedstock per year, produced at Nexus's new facility, for use at LyondellBasell's Channelview, Texas plant.
Stahl signed an agreement to acquire ICP Industrial Solutions Group, a packaging and labeling coatings maker with about $140 million in 2022 sales, at an enterprise value of about $205 million. Closing is expected before the end of Q1 2023.
The Samsung Engineering and CTCI joint venture SCJV was awarded Package 1 of QatarEnergy's Ras Laffan Petrochemicals Project, covering a 2.08 million tonne ethylene unit and utilities. The total project cost is stated as $6 billion.
Mexican firm Grupo Sayer intends to invest in and acquire 50% of Dutch can coatings company Diostyl Holding B.V., a partnership announced in early January 2023.
Linde signed an investment memorandum with Gyeonggi Province for about KRW 150 billion to build an industrial gas plant in Pyeongtaek producing semiconductor rare gases such as krypton and xenon, to be completed by 2031.
Hollingsworth & Vose will invest $40.2 million to expand its Floyd County, Virginia facility by over 28,000 square feet for new production equipment, creating 25 new jobs. Governor Glenn Youngkin announced the project on 3 January 2023.
PPG announced several leadership appointments, effective immediately, including Ram Vadlamannati moving to lead a newly created PPG operations organization while keeping oversight of the EMEA region. The announcement is dated January 5, 2023.
TotalEnergies signed an agreement to purchase petrochemical feedstock from recycled mixed polyolefins produced by Indaver's Plastics2Chemicals plant, under construction and due to open in 2024. The feedstock will be processed into circular polymers for contact-sensitive packaging.
Infineum has agreed to acquire Entegris' Pipeline and Industrial Materials business, which includes the Flowchem, Val-Tex and Sealweld brands and drag reducing agents, with closing expected in Q4 2022 subject to regulatory approvals.
thyssenkrupp Uhde won an EPCC contract from Qatar Fertiliser Company (QAFCO) to build a single-train blue ammonia plant with a capacity of 3,500 metric tons per day, in a consortium with Consolidated Contractors Company. The contract was signed on August 31, 2022, with completion planned for Q1 2026.
Henan Yuda Valve reported supplying more than 500 stainless steel butterfly valves, with Emerson pneumatic actuators, to a caprolactam and hydrogen peroxide chemical project with a total valve value above 500 million RMB. The post is dated 13 August 2022.
EUKALIN Corporation acquired 100 percent of the assets of Adhesives Specialists, Inc., a US maker of water-based and hotmelt adhesives, including its building in Allentown, Pennsylvania. The deal was announced on August 8, 2022, and no value was disclosed.
Chemours is increasing its Opteon YF ultra-low GWP refrigerant production by 40% at its Ingleside, Texas facility through an $80 million project. The expansion is aimed at meeting growing customer demand.
MKS Instruments and Atotech announced on 28 July 2022 that China's State Administration for Market Regulation granted unconditional merger approval, completing all regulatory clearances for MKS's acquisition of Atotech, which is expected to close on 17 August 2022.
Toshiba Materials announced a new facility for silicon nitride balls on its Yokohama headquarters site, budgeted at over 5 billion yen (about US$38 million), raising capacity 50% versus fiscal 2021. Production is expected to start in November 2023.
Dow signed a memorandum of understanding with China's Want-Want Group to supply water-based and solventless laminating adhesives. The aim is zero-solvent emissions and more recyclable flexible packaging.
Parker (Wuxi) Valve Co. has been selected as supplier of high-pressure control valves for the first phase of the 300,000-tonne Liuhua urea project in Gansu Province. The award followed a tender run by the Gansu Tendering Center.
Avantium has agreed to supply polyethylene furanoate (PEF), a biobased polymer, to Carlsberg for packaging including beer bottles. Avantium also agreed to supply PEF to five yarn companies.
Thyssenkrupp Industrial Solutions subsidiary Uhde Inventa-Fischer signed a contract to build a world-scale polymer plant for Merinos Hali in Turkey, producing 330,000 tons per year of resin for PET bottles and textile chips. The article reports no contract value.
Carlsberg Group has signed a conditional offtake agreement with Avantium to secure a fixed volume of PEF polymer from Avantium's FDCA Flagship Plant, which is planned to start up in 2024. Carlsberg will use the resin in its Fibre Bottle packaging.
Lummus Technology and its catalyst partner Clariant were awarded a contract by Fujian Meide Petrochemical to supply CATOFIN propane dehydrogenation technology and catalysts for a 900,000 metric ton per year propylene unit in Fuzhou, China, scheduled to start in 2023.