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BASF, Evonik | July 27, 2020
Chemical firms’ search for growth is taking them to China to invest in young companies with new technology. BASF and Evonik Industries are backing SmartAHC, an animal health monitoring start-up based in Chengdu and Shanghai. SmartAHC is targeting pig farms for its networked monitoring devices and software that use artificial intelligence to identify individual pigs, track their location, and measure their temperature and fertility. It can help farmers detect and isolate sick animals to pre...
CHEMICAL MANAGEMENT
SI Group | July 26, 2021
SI Group, a leading performance additives company, said today that it intends to close the deal to sell the majority of its global Industrial Resins business to ASK Chemicals, a portfolio company of private equity firm Rhône Group, LLC. SI Group's Industrial Resins products and related production facilities in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg, South Africa, as well as licensed technology and numerous tolling agreements worldwide, are included in the...
CHEMICAL TECHNOLOGY
Westlake | August 05, 2021
Westlake Chemical Corporation, today announced plans for one of its subsidiaries to acquire the parent company of Dimex LLC, from Grey Mountain Partners, a private equity firm. Based in Marietta, Ohio, Dimex produces a variety of consumer products made from post-industrial-recycled (PIR) polyvinyl chloride (PVC), polyethylene (PE) and thermoplastic elastomer (TPE) materials, and has annualized sales of approximately $100 million. These consumer products include landscape edging; industrial, home...
Invert Inc. | April 13, 2022
Recently, Invert Inc., CarbonCure Technologies, and Ripple Inc. have signed a revolutionary carbon credit purchase agreement for permanent CO2 storage through carbon mineralization. They have stepped forward following the announcement by the United Nations' Intergovernmental Panel on Climate Change of the critical need for carbon removal technologies to mitigate the worst effects of climate change. The credit purchase will permit CarbonCure to invest more in innovative technol...
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