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Latest Companies and Markets Update

GMR to build new refinery and petrochemicals complex in India
16 January, 2012
GMR Holdings, the holding company of GMR Group, has announced a five-year project to set up a refinery-cum-petrochemicals complex in Kakinada, Andhra Pradesh,...
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BASF acquires equity ownership in Sion Power
Friday, January 13, 2012 BASF has invested $50m to obtain equity ownership in Sion Power, a manufacturer of lithium-sulfur (Li-S) batteries based in Arizona,...

PetroFina to acquire interest in Fina Antwerp Olefins
Friday, December 23, 2011 PetroFina, a 100% affiliate of Total Petrochemicals, has signed an agreement with ExxonMobil Petroleum & Chemical to transfer 35% shareholder interest in Fina Antwerp Olefins to...

PolyOne acquires ColorMatrix
Thursday, December 22, 2011 PolyOne, a provider of specialised polymer materials, services and solutions, has completed the purchase of...

Shell upgrades Pernis polyol site
Tuesday, December 13, 2011 Shell Chemicals has upgraded its site at Pernis, the Netherlands, to increase coatings, adhesives, sealants and elastomers (CASE) polyol...

Orica to resume operations of nitric acid and ammonium nitrate plants
Thursday, December 08, 2011 The New South Wales Environment Protection Authority in Australia has lifted the prevention notices that were issued due to an incident on 9 November 2011 on Orica's pressurised ammonia...

Qatar and Shell sign petrochemicals complex development agreement
Wednesday, December 07, 2011 Qatar Petroleum has signed an agreement with Shell to develop a petrochemicals complex in Ras Laffan Industrial City,...

Evonik acquires hydrogen peroxide facility in Canada
Tuesday, December 06, 2011 Germany-based Evonik Industries has acquired Kemira Chemicals' Canadian hydrogen peroxide...

Chevron Phillips Chemical International acquires Belgian polyalphaolefin plant
Tuesday, December 06, 2011 Chevron Phillips Chemical's wholly owned subsidiary Chevron Phillips Chemical International has completed the acquisition of Neste Oil's polyalphaolefin plant in Beringen,...

Sika Canada acquires Duochem company
Tuesday, December 06, 2011 Sika Canada has acquired Duochem, a privately owned Canadian company that produces polymer flooring and waterproofing...

Indorama completes deal to buy Wellman International
Monday, December 05, 2011 Bangkok's Indorama Ventures has concluded a deal to acquire Wellman International's recycling business in Europe from...

Taminco to increase US methylamines capacity
Friday, December 02, 2011 Taminco, a producer of alkylamines and their derivatives, is planning to increase its methylamines capacity in the US by the end of...

Solutia acquires Southwall Technologies
Thursday, December 01, 2011 Performance materials and speciality chemicals company Solutia has acquired Southwall Technologies for...

LanzaTech and Yankuang Group to jointly produce chemicals
Thursday, December 01, 2011 China's LanzaTech and Yankuang Group have signed a memorandum of understanding to jointly produce fuels and...

Dow and Saudi Aramco officially form Sadara
Wednesday, November 30, 2011 US-based Dow Chemical and Saudi Aramco have announced the official formation of Sadara Chemical Company as a joint...

Solvay to acquire Orbeo
Wednesday, November 30, 2011 Solvay has said it will acquire Société Générale's 50% stake in the companies' joint venture,...

PPG increases caustic soda price in US and Canada
Wednesday, November 30, 2011 PPG Industries has said that it will increase prices for all grades of off-schedule liquid caustic soda (anhydrous basis) in the US by US$45 per short ton and in Canada by C$50 (US$48.3) per...

Primavera acquires minority stake in Chinese fertiliser producer
Wednesday, November 30, 2011 Chinese private equity firm the Primavera Capital Group has acquired a 14.97% stake in China XLX...

Borealis offers to acquire PEC-Rhin
Tuesday, November 29, 2011 Borealis, a provider of chemical and plastics solutions, has announced that it has made an offer to GPN to buy France-based PEC-Rhin in its...

Sinopec delays start of crude unit
Tuesday, November 29, 2011 China Petroleum and Chemical (Sinopec) has said that the start-up of a new 160,000 barrels-per-day (bpd) crude oil unit at its Jinling refinery in Nanjing has been delayed to June...

Amvac gets clearance to sell pentachloronitrobenzene products in the US
Monday, November 28, 2011 The US Environmental Protection Agency (EPA) has approved certain registrations for the American Vanguard's pentachloronitrobenzene product line for all major commercial...

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