Americas
ABB obtains Baldor Electric and expands industrial motion presence
ABB will acquire Baldor Electric in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement, ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash.
INEOS and BASF establish global styrenics company called Styrolution
INEOS Industries Holdings and BASF SE intend to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution.
Husky purchases property from ExxonMobil Canada and moves forward with Sunrise
Husky Energy has signed a purchase and sale agreement with ExxonMobil Canada Ltd. to acquire oil and natural gas properties in Alberta and northeast British Columbia.
BASF buys CRI/Criterion’s global styrene catalysts business
BASF has signed a purchase agreement to acquire the styrene catalysts business of CRI/Criterion, a wholly owned subsidiary of Shell based in Houston, Texas. Financial details of the transaction are not being disclosed.
CSB applauds NFPA’s new committee on standards for gas processing safety
The chairman of the US Chemical Safety Board (CSB) applauded the National Fire Protection Association (NFPA) for its recent decision to establish a new technical committee to develop a comprehensive standard for gas processing safety, including the cleaning of fuel gas piping systems.
Tronox to resolve environmental liabilities with US government
The US Environmental Protection Agency (EPA), the US Justice Department and the US Attorney for the Southern District of New York announced that Tronox Inc. has agreed to resolve its environmental liabilities for $270 million and 88% of Tronox’s interest in a pending litigation.
ONEOK Partners honored by US EPA
ONEOK Partners has been named the "Natural Gas STAR Program's Gathering and Processing Partner of the Year" by the US Environmental Protection Agency (EPA) for its significant efforts to reduce greenhouse gases through voluntary implementation of methane emission reduction technologies and practices.
Statoil recruits PTTEP for its Alberta oil sands project
Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada, to PTT Exploration and Production (PTTEP) of Thailand.
Full speed ahead with Praxair’s new Indiana hydrogen facility
Praxair, Inc. has begun supplying BP’s refinery complex in Whiting, Indiana, with hydrogen from its new hydrogen facility. The two steam methane reformers have a total capacity of 200 million standard cubic feet per day.
Eni starts major heavy oil project in Venezuela
Eni and PDVSA are working on two projects: PetroJunín, dedicated to the development of the Junín 5 Block, located in the Orinoco Oil Belt some 550 kilometers south east of Caracas, and PetroBicentenario, dedicated to the construction and operation of a refinery in the area of the existing industrial coastal complex of Jose.
- ABB's Fidas24 gas analyzer awarded CSA certification for hazardous applications in the U.S. and Canada 3/3
- Clariant Zeolites partners with Vertimass to scale-up innovative CADO biofuels technology 3/3
- Seeq Intelligence: Bridging industrial AI and human expertise for smarter operational decisions 3/3
- SES Energy acquires CIU and corrosion monitoring divisions from ICR 3/3
- S3 sets a new benchmark for European onshore and transition seismic in landmark CCS survey 3/3
- How airlines have hedged against fuel price increases 3/3
