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Evonik highlights €2-billion investment across German sites

5:57 AM MDT | September 2, 2014 | Francinia Protti-Alvarez

Evonik Industries says that about €2 billion ($2.6 billion) of the company's 2012-16 investment program is being spent in Germany. Investments include new capacities for C4-based products at Marl; an expansion of specialty silicon production at Essen...


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Brenntag acquires specialty chemicals distribution business in India

Brenntag says it has signed an agreement to acquire the specialties chemicals distribution business of Pioma Chemicals (Mumbai), a leading distributor of specialty excipients and functional ingredients to the pharmaceutical, personal care and food industries...

Haldor Topsoe awarded contract for fertilizer plant in Turkmenistan

Haldor Topsoe (Lyngby, Denmark) today announced that it has been selected, in collaboration with Mitsubishi Heavy Industries (MHI; Tokyo), to design the ammonia plant in the previously announced large-scale fertilizer manufacturing complex to be built at...

Report: Braskem, Petrobras fail to agree on naphtha contract price; extend existing deal until February 2015

Petrobras and Braskem have extended the terms of their existing naphtha supply contract for six months after the companies failed to reach an agreement on the price, according to a report from Brazilian newspaper Folha de S. Paolo. The extension maintains the...

Argentina's polymer and synthetic rubber output up 31% in July

Argentina's output of polymers and synthetic rubber rose 31.4% year-on-year (YOY) in July, according to national statistics office Indec (Buenos Aires). Overall production of polymers and synthetic rubber was up 6% in the first seven months of 2014 compared...

Protex buys US electronic chemicals firm

Protex International (Paris) says it has acquired Mereco Technologies Group (West Warwick, RI), including the Metachem Resins and DMS divisions. Financial terms of the deal were not disclosed. Mereco and its subsidiaries manufacture and market...

Borealis completes buyout of DuPont's stake in Speciality Polymers Antwerp

Borealis says it has completed the previously announced acquisition of DuPont's 67% stake in the companies' Speciality Polymers Antwerp joint venture. The deal makes Borealis 100% owner of Speciality Polymers Antwerp. Speciality Polymers Antwerp was a 67-33...

Agrium signs plant nutrition deal

Agrium says its Loveland Products subsidiary has entered into a soil and plant health nutritional products development and commercialization deal with Actagro. Under the terms of the agreement, Loveland Products gains "expanded distribution...

IHS: Global methanol demand to rise 80% by 2023, China to drive demand

Global methanol demand is expected to increase from 60.7 million m.t. in 2013 to more than 109 million m.t. in 2023, with an average annual growth rate of 6%, according to research from IHS. China is expected to be the major driver of this increase, while the...

Evonik sells remaining stake in energy group Steag

Evonik Industries today said that it has signed a contract with Rhine-Ruhr, a group of several municipal utility companies in Germany’s Ruhr region, to divest its remaining 49% stake in Steag (Essen), an energy company, for €570 million ($751.4...

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