Keyword: Elaine Burridge

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Axens to Launch Takeover Bid for Heurtey

07.05.2018 - French engineering, technology and catalysts provider Axens has crossed the necessary 95% threshold in its ownership of Heurtey Petrochem and will now launch a takeover bid for the...

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ExxonMobil and SABIC Form JV for US Cracker

04.05.2018 - US oil and energy giant ExxonMobil has formed a joint venture with SABIC for their Gulf Coast Growth Ventures project in San Patricio County, Texas, USA. The shares in the jv were...

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Fresenius Quits Akorn Buy, Alleges Fraud

03.05.2018 - German healthcare company Fresenius Kabi has terminated plans to merge with US generics company Akorn, claiming it has discovered data integrity breaches relating to Akorn’s...

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Chandra Asri Awards Petchem Complex Contracts

03.05.2018 - Indonesia’s largest integrated petrochemical company, Chandra Asri Petrochemical (CAP), has awarded six technology license and engineering contracts for its proposed second...

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KBR Wins Saudi COTC Contract

02.05.2018 - Saudi Aramco and SABIC have awarded a contract to US contractor KBR for the project management and front end engineering design (FEED) of its proposed crude oil-to-chemicals (COTC)...

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H.I.G. Capital Takes Control of Brazil’s Elekeiroz

02.05.2018 - An affiliate of US private equity group H.I.G. Capital has signed an agreement to acquire Brazilian chemical producer Elekeiroz from that company’s controlling shareholder, Itaúsa...

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PPG Plans 1,100 Job Losses by Mid-2019

01.05.2018 - US paints and coatings giant PPG Industries has approved a business restructuring plan to reduce its global cost structure, which will result in the net loss of around 1,100 jobs...

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Formosa Buys Louisiana Site for Complex

30.04.2018 - Taiwan’s Formosa Petrochemical has bought a 2,400-acre site in St. James Parish, Louisiana, USA, for its proposed $9.4 billion petrochemical complex located along the west bank of...