Author Archives: farnoudaras

US-based industrial gases company Air Products has started operations at its new plant located in the Pukou Economic Development Zone (PKEDZ), Nanjing, China. The plant supplies high-purity industrial gases, including liquid nitrogen, to merchant customers in and around the Nanjing region. The facility is intended to support the firm’s international customer base by providing safe, reliable […]

Nexam Chemical is set to purchase all shares in Plasticolor Sweden for a total consideration of Skr116m ($13.7m). Nexam plans to finance Skr33.8m ($3.99m) of the transaction through own funds, Skr60m ($7.09m) with a bank loan and Skr22.2m ($2.62m) through new shares in Nexam Chemical Holding. Plasticolor manufactures masterbatch products for the plastic industry through […]

Nexam Chemical is set to purchase all shares in Plasticolor Sweden for a total consideration of Skr116m ($13.7m). Nexam plans to finance Skr33.8m ($3.99m) of the transaction through own funds, Skr60m ($7.09m) with a bank loan and Skr22.2m ($2.62m) through new shares in Nexam Chemical Holding. Plasticolor manufactures masterbatch products for the plastic industry through […]

Clariant has signed an agreement with Xuzhou HaiDing Chemical Technology to develop a new CATOFIN catalyst and propane dehydrogenation (PDH) unit in Pizhou, Jiangsu Province, China. Clariant will carry out the project in alliance with its technology partner CB&I. The agreement covers licence and engineering design of the custom-built plant. The unit will be designed […]

Elementis has signed an agreement to sell its Dutch Surfactants business to Kolb Distribution in a €39m deal. The business comprises the Delden manufacturing facility in the Netherlands and includes 100% of the shares in Elementis Specialties Netherlands. Elementis plans to use proceeds from the sale for general corporate purposes and towards debt reduction. The […]

Hanwha Total Petrochemical is set to invest more than $300m to expand its integrated refining and petrochemicals platform in Daesan, South Korea. The company is a 50/50 joint venture between South Korean conglomerate Hanwha and French energy and chemical company Total. The investment will enable the company to boost the site’s polyethylene capacity by more […]