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September 1, 2022 | By Mary Page Bailey

August 16, 2022 — The Coating Additives business line of Evonik Industries AG (Essen, Germany; www.evonik.com) is expanding production capacity for precipitated matting agents at its manufacturing facility in Taiwan. The capacity expansion is scheduled for completion by the second half of 2023. Evonik also produces matting agents at a site in Bonn, Germany.

August 16, 2022 — Baker Hughes Co. (Houston; www.bakerhughes.com) has opened a new oilfield-services chemicals manufacturing facility in Singapore. The facility, which is the first chemicals site for Baker Hughes in the region, will manufacture, store and distribute chemical solutions for upstream, midstream, downstream and adjacent industries.

August 11, 2022 — SK Geo Centric Co. (Seoul, South Korea; eng.skgeocentric.com) plans to establish a new production site in China to produce ethylene acrylic acid (EAA). SK Geo Centric and Weixing Chemical established a joint venture (JV) to invest approximately KRW 290 billion (around $223 million) on the new EAA plant, which is scheduled to be completed in the first half of 2025. The plant will have a capacity of 40,000 metric tons per year (m.t./yr) of EAA.

August 4, 2022 — BASF SE (Ludwigshafen, Germany; www.basf.com) has announced that it will produce more N-(2-hydroxyethyl)-2-pyrrolidone (HEP) and N-octyl-2-pyrrolidone (NOP) at its Verbundsite in Geismar, La. The expanded production is anticipated to be onstream in the second half of 2022.

August 1, 2022 — Indorama Ventures Ltd. (IVL; Bangkok, Thailand; www.indoramaventures.com) and Capchem Technology USA Inc. are studying the construction of a world-scale lithium-ion battery (LIB) solvents plant at one of IVL’s petrochemical facilities in the U.S. Gulf Coast region. The proposed facility will produce ethylene carbonate and its chemical derivatives, which are components of the electrolyte solutions in LIBs. The key raw materials for the proposed new plant (purified ethylene oxide and carbon dioxide) will be supplied from IVL’s integrated supply network.

August 1, 2022 — Mitsubishi Chemical Group (MCG; Tokyo; www.mitsubishichem-hd.co.jp) has decided to increase its l production capacity for ethylene vinyl alcohol (EVOH) copolymer resin by 21,000 m.t./yr in the U.K. at MCG’s site in Saltend. Once construction begins in April 2023, the production increase, which will bring total EVOH production to 39,000 m.t./yr, is slated to take effect in July 2025.

July 29, 2022 — The Chemours Co. (Wilmington, Del.; www.chemours.com) is investing $80 million to expand production capacity for the Opteon YF (HFO-1234yf) refrigerant at its site in Ingleside, Tex. This investment, along with ongoing de-bottlenecking projects, will increase site capacity by approximately 40%.

July 28, 2022 — Cariflex Pte. Ltd. (Singapore; www.cariflex.com), a wholly owned subsidiary of DL Chemical Co., broke ground at a site in Jurong Island, Singapore, where the company will be constructing the world’s largest polyisoprene latex plant. The full capacity of the Singapore plant will be delivered in two phases. The combined investment for the first phase and pre-investment of necessary infrastructures for the second phase is over $350 million. The plant is expected to be operational by the second half of 2024.

July 27, 2022 — Dow (Midland, Mich.; www.dow.com) and the Al-Hejailan Group signed a Memorandum of Understanding (MoU) to form a JV to design, build and operate a methyl diethanolamine (MDEA) plant in the PlasChem Park in Jubail, Kingdom of Saudi Arabia. The construction of the plant is expected to begin in 2024 and with startup in 2025.

July 26, 2022 — Wacker Chemie AG (Munich, Germany; www.wacker.com) is preparing to build a new silicone production complex at its Charleston site in Tennessee. In a first phase, it is planned to build plants for high-consistency silicone rubber and silicone sealants, as well as intermediates. In further phases, production plants for other product groups are envisioned, such as silane-terminated polymers, liquid waterproofing systems and wood-flooring adhesives. The capital expenditure for the project is around $200 million.

August 11, 2022 — Solenis (Wilmington, Del.; www.solenis.com) entered into a definitive agreement to acquire water-treatment specialist Clearon Corp. Clearon produces trichloroisocyanuric acid (trichlor) and dichloroisocyanuric acid (dichlor) at its South Charleston, W.Va. plant and converts these core chemistries into an array of finished goods at its tableting and packaging facility. Products include sanitizers and disinfectants for water-treatment applications.

August 9, 2022 — Bp plc (London; www.bp.com) has reached an agreement to sell its 50% interest in the bp-Husky Toledo Refinery in Ohio to Cenovus Energy Inc., (Calgary, Alta., Canada; www.cenovus.com), its JV partner in the facility. Under the terms of the deal, Cenovus will pay $300 million for bp’s stake in the refinery, plus the value of inventory, and will take over operations when the transaction closes, which is expected to occur later in 2022. The refinery can process up to 160,000 barrels per day (bbl/d) of petroleum.

Stratasys Ltd. (Eden Prairie, Minn.; www.stratasys.com) will acquire the additive manufacturing materials business of Covestro AG (Leverkusen, Germany; www.covestro.com). The acquisition includes R&D facilities, global development and sales teams, a portfolio of approximately 60 additive manufacturing materials and an extensive patent portfolio. The purchase price is approximately €43 million.

August 5, 2022 — Ube Corp. (Tokyo; www.ube.com) will acquire API Corp. (APIC), which is currently wholly owned by Mitsubishi Chemical. APIC is a contract development and manufacturing organization (CDMO) that offers a wide range of services, such as synthetic route design, pilot manufacturing, investigational medical manufacturing and commercial production.

August 1, 2022 — Valvoline Inc. (Lexington, Ky.; www.valvoline.com) has reached a definitive agreement with The Saudi Arabian Oil Co. (Aramco; Dhahran; www.aramco.com) for the sale of Valvoline’s Global Products business for $2.65 billion in cash. Valvoline Global Products is an independent producer and distributor of lubricants and automotive chemicals. The transaction is targeted to close in late calendar year 2022 or early 2023.

July 28, 2022 — Ineos Ltd. (London, U.K.; www.ineos.com) and Sinopec (Beijing, China; www.sinopecgroup.com) plan to form a 50-50 JV to build a new 500,000-m.t./yr high-density polyethylene (HDPE) plant in Tianjin, China, as well as at least two additional 500,000-m.t./yr HDPE plants in the future to produce pipe-grade products. The Tianjin plant is expected to come onstream by the end of 2023. ■

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