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chemicals technology | August 10, 2018
Specialty chemicals group Lanxess has announced its plans to sell a 50% stake in the synthetic-rubber joint venture (JV) Arlanxeo to its partner Saudi Aramco. The two companies founded the JV in 2016. It is now valued at €3bn. The deal is subject to approval from the relevant antitrust authorities and is expected to be complete by the end of this year. From this deal, Lanxess expects to receive around €1.4bn in cash after deducting debt and financial liabilities for its 50% share. This...
Chemicals Technology | January 02, 2019
Saudi Aramco has completed an acquisition of a 50% stake in the Arlanxeo joint venture (JV) from Lanxess. First announced in August last year, Lanxess divested the stake to reduce financial debt. Valued at €1.5bn, the transaction received approval from all relevant authorities. Saudi Aramco is now the 100% owner of Arlanxeo. The speciality chemicals JV was established in 2016 by Saudi Aramco and Lanxess. It produces synthetic rubber and elastomers for the automotive, tyre manufacturing, con...
Liberian Observer | January 13, 2020
The Environmental Protection Agency (EPA) has with immediate effect ordered the repatriation of four 40-feet containers of hazardous chemicals to Greece, from where they were brought, before entering Liberia. According to EPA Executive Director Nathaniel Blama, the chemical on the containers were fast tracked by the Liberia Revenue Authority (LRA) while conducting its regular inspection of cargos that are brought into the country. The EPA Director said the chemical when disposed of in any ...
Firstpost | January 13, 2020
The carbon footprint in the chemical industry is likely to reduce as engineers from Rice University have invented a light-powered nanoparticle to help the cause. They are tiny spheres of copper dotted with single atoms of ruthenium, is the prime ingredient in composing a green process for developing synthesis gas, commonly known as syngas, the valuable chemical feedstock generally used to make fertilizer, fuels, and many other products. Researchers from Rice, UCLA and the University of Californi...
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