Polymers
Dow, Saudi Aramco finalize Sadara Chemical JV
Saudi Aramco CEO Khalid A. Al-Falih and Dow CEO Andrew N. Liveris have formalized their joint venture (JV) for Sadara Chemical Co. by signing the shareholders agreement. Ali Ibrahim Al-Naimi, Saudi Arabia Minister of Petroleum and Mineral Resources and chairman of Saudi Aramco, presided over the weekend ceremony.
Saudi Aramco, Dow see “significant progress” on chemical venture
The establishment of Sadara Chemical Company, a planned joint venture under formation between Dow Chemical and the Saudi Arabian Oil Company (Saudi Aramco), is making significant progress following the authorization by both companies in late July, officials from Dow said on Tuesday.
MAN Diesel to supply compressors for China plant
MAN Diesel & Turbo has secured an order for 24 compressor units for an integrated chemical complex in Chongqing, China, the company said on Wednesday. The order size is about €50 million.
PolyOne to buy specialty additives firm ColorMatrix
US-based specialty polymers firm PolyOne has agreed to acquire ColorMatrix, a leading global innovator in liquid colorants, additives and fluoropolymers, in a deal worth $486 million.
HP Construction: South America
Foster Wheeler’s Global Engineering and Construction Group has been released to perform the second phase scope for an existing contract with Ecopetrol S.A. for modernization of the refinery in Ba..
HP Construction: Middle East
Fluor Corp. has been awarded an engineering, procurement and construction (EPC) contract by SAPCo, a joint-venture company being formulated between Saudi Acrylic Acid Co. and Evonik Industries, for it..
HP Construction: Asia-Pacific
Gladstone Liquefied Natural Gas (GLNG) in Queensland, Australia, has selected Meridium, Inc. as the platform for its enterprise-wide APM initiative. The GLNG plant, which began construction earlier th..
Braskem closes on deal for Dow polypropylene unit
Dow Chemical said on Friday that it closed on the $340 million sale of its global polypropylene (PP) business to Brazil-based Braskem. In addition to the transaction, which was first announced in July, the two companies said they would continue to evaluate potential future collaborations.
Amyris, Michelin to develop renewable isoprene
US renewable chemicals and fuels firm Amyris has agreed to work with tire company Michelin on the development and commercialization of renewable isoprene, the chemical building block in rubber tires and other products that use synthetic and natural rubbers.
Celanese opens German engineered polymer plant
US-based specialty chemicals firm Celanese has opened its polyoxymethylene (POM) production facility in Frankfurt Hoechst Industrial Park in Germany. With a nameplate capacity of 140,000 tpy, Celanese’s new POM plant will be the world’s largest and strengthens the company’s Ticona engineering polymers business, including its global operations and advanced technical capabilities, the company said.
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