November's top stories: Air Liquide $13.4bn Airgas sale, $4.5bn Orpic Liva contract
France-based Air Liquide signed an agreement to buy American company Airgas for $13.4bn, Oman Oil Refineries and Petroleum Industries Company (Orpic) awarded a contract worth $4.5bn for its Liwa plastics industries complex to four companies, while German chemical group BASF officially started operations at the €1bn TDI (toluene diisocyanate) plant in Ludwigshafen.
France-based Air Liquide signed an agreement to buy American company Airgas for $13.4bn.
Airgas is known to be one of the leading suppliers of industrial gases and other related products, which has presence throughout the US.
After the deal, Airgas will operate as a fully-owned subsidiary of Air Liquide.
Oman Oil Refineries and Petroleum Industries Company (Orpic) awarded a contract worth $4.5bn for its Liwa plastics industries complex to four companies.
Among the four companies selected for the engineering, procurement and contracting (EPC) contract are the CB&I and CTCI joint-venture, Tecnimont, the GS Engineering and Construction and Mitsui joint-venture, and Punj Lloyd.
As per the contract, the CB&I and CTCI joint-venture will look after the part that involves steam cracker and utilities, while the plastics units of the complex will be built by Tecnimont.
German chemical group BASF officially started operations at the €1bn toluene diisocyanate (TDI) plant in Ludwigshafen.
The plant has the capacity of producing 300,000t of TDI per year.
BASF have said that it is the largest investment made at the site. It expects to create around 200 new jobs.
BP announced that it is looking to sell its petrochemicals complex in Decatur, Alabama, US.
The decision is a part of the company's petrochemical reorganisation plan.
Through the new strategy, BP plans to pursue a competitively advantaged portfolio with low-cost facilities, using its proprietary technology, including the production of purified terephthalic acid.
The company has already invested $200m for the upgrade of its Cooper River plant, and its sister facility in Geel, Belgium. The new upgrades are aimed at lowering operating costs, improving reliability, and reducing emissions.
US-based specialty chemical group Cytec Industries stated that its shareholders have approved its proposed merger with Belgian chemical firm Solvay.
With the total outstanding shares voted standing at 84.1%, the merger approval received support from 99.3% of the votes cast.
In July, Solvay stated that price of each share for the proposed acquisition was expected to stand at $75.25.
A group of scientists at Genomatica and Braskem have announced that they have produced butadiene through a direct, bio-based process in a lab.
The companies have been producing butadiene in lab scale since June 2015 at Genomatica's innovation centre in San Diego and Campinas.
In 2013, both Genomatica and Braskem joined to develop a commercial process for on-purpose production of butadiene from renewable feedstocks.
German chemical group BASF is planning to produce up to 70,000t of ultramid polyamide (PA) and ultradur polybutylene terephthalate (PBT) per year at its Schwarzheide site, Germany, from 2017.
The plan is a part of BASF's strategy to extend the compounding capacities for engineering plastics in the entire European region. It will also help the company meet the increasing demand for engineering plastics worldwide.
The company said that the increased capacity would create around 50 new jobs at Schwarzheide site.
French company Technip won a contract to supply technology, detailed engineering, and procurement services for a reformer to be built as part of a hydrogen plant, near STAR Aegean Refinery in Petkim Aliaga complex, Turkey.
The STAR Aegean refinery was scheduled to start operation by this year.
The refinery is among one of the projects carried out by Turkey's SOCAR-Turcas. The refinery will have the capacity to produce ten million tonnes of crude oil per year.
A joint-venture between CB&I and CTCI received a contract from Oman Oil Refineries and Petroleum Industries Company (Orpic) to provide engineering, procurement and construction (EPC) services to Liwa Plastics industrial complex project in Sohar, Oman.
The services contract is worth $2.8bn. Under the deal, the joint-venture will provide EPC services to Liwa Plastics' cracker Package 1, which includes steam cracker and other related units.
Indonesia's state-run energy group, Pertamina, has finalised an agreement with Saudi Aramco to upgrade the Cilacap refinery in Central Java.
The heads of agreement (HoA) will formalise key business principles for joint-ownership, operation and upgrade of the Cilacap Refinery, which is expected to cost $5.5bn.
As part of the project, the refining capacity of the plant will be expanded from 348,000 barrels per day (bpd) to 370,000bpd.