February's top stories: Tronox to buy Cristal's TiO2, Air Products to fit gas liquefier
Tronox agreed to acquire Cristal’s titanium dioxide (TiO2) business for $1.673bn, and Air Products revealed plans to install a new liquefier at its US air separation plant in Middletown, Ohio. Chemicals-technology.com wraps-up the key headlines from February 2017.
Tronox agreed to acquire Cristal’s titanium dioxide (TiO2) business for $1.673bn in cash and Class A ordinary shares representing 24% ownership in the acquiring company.
Inorganic minerals and chemicals producer has also revealed that it intends to sell its alkali business, as well as certain non-core assets to support the cash portion of the purchase.
The acquisition will make Tronox one of the largest producers of TiO2 pigments with assets and operations spread across six continents.
Industrial gases company Air Products revealed plans to install a new liquefier at its US air separation plant in Middletown, Ohio, to enhance production capacity of the liquid nitrogen (LIN) in order to meet growing customers' demand.
The new liquefier is expected to commence its commercial operations by October next year.
Air Products Northern Region Americas Industrial Gases vice-president John Robinson said: "This planned increase in LIN production is the direct result of keeping up with existing customer demand and increased product need from one large customer in particular, who is already under a long-term contract.
Solvay teamed with United Chemical (UCC) to examine construction of new hydrogen peroxide capacity in Kazakhstan, which would supply the substance to Kazakh companies and customers in other Central Asian countries.
UCC has been commissioned by Kazakhstan’s Government to develop the chemical industry in the country and support its economy.
The government will make its decision on the construction of a hydrogen peroxide plant in the country using Solvay technology, based on the outcome of the feasibility study report.
US-based KBR secured a deal to modernise Mangalore Chemicals and Fertilizers' (MCF) ammonia plant in Panambur, Mangalore, India.
As part of the deal, KBR will provide its ammonia technology to improve the energy efficiency of the MCF plant.
KBR technology and consulting president John Derbyshire said: “This contract shows the faith of our customers in KBR's ammonia technology.
One Rock Capital Partners announced that one of its affiliates has signed a definitive agreement to sell SRLH Holdings (Summit) to Elementis.
Summit is an international specialty chemicals platform that manufactures wide portfolio of critical active ingredients and materials to be used in non-discretionary and regulated personal care, pharmaceutical and dental products.
One Rock managing partner Tony Lee said: “Since 2013, Summit has significantly expanded its geographic presence and end-market diversity through acquisition and new global supply partners.
Integral Technologies and its wholly owned subsidiary ElectriPlast signed a long-term strategic alliance with Nova Polymers to expand manufacturing operations at Nova's campus located in Evansville, Indiana, US.
Under the deal, Nova will provide manufacturing and laboratory testing services to the recently expanded product line of anti-static and static dissipative ElectriPlast.
All ElectriPlast products to be manufactured will be in accordance with Nova's ISO 9001:2008 certification.
Jiangsu Sailboat Petrochemical company started Honeywell’s UOP Advanced Methanol-to-Olefins (MTO) unit during a ten-day test to confirm its successful operation.
Once the complete unit goes on line, it will produce 833,000mt annually, making it the largest single-train MTO unit in the world.
Honeywell UOP process technology and equipment business vice-president and general manager Mike Millard said: "We expect China to invest more than $100bn in coal-to-chemicals technology in the next five years.
BASF strengthened its collaboration with special chemical product marketer Gustav Grolman for promoting amine-based curing agents that are used for processing of epoxy resins.
The chemical company further explained that the new collaboration will come into effect immediately.
Under the agreement, Grolman will be marketing BASF specialty chemicals under the Baxxodur brand across various European countries such as France, Norway, Sweden, Finland and Denmark.