DTU Chemical and Biochemical Engineering

C&EN | July 06, 2020

The world is drowning in oil. Sometimes there’s no place to store even an extra drop. As the cost per barrel struggles to breach $40 and transportation fuels seem to be entering their sunset years, giant oil companies are pushing into chemical manufacturing. For chemical buyers, the outlook is for years of heavy competition and low, low prices. In this environment, it is perhaps surprising that any company would bet on chemicals and materials made from sugar, rather than pet...

Chemical Technology

BroadPeak | November 24, 2020

Mr. Stephen Toy, beforehand Founding Member and Co-Head of WL Ross and Co. LLC and Global Head of Private Equity at Invesco Private Capital; and Mr. Nadim Qureshi, already Managing Partner and Head of Industrials and Chemicals at WL Ross and Co. LLC and Invesco Private Capital; have framed BroadPeak Global LP, an autonomous private value firm committed to astute buyouts and exceptional circumstances exchanges in the worldwide industrials, materials and synthetics areas. The two fe...

ExxonMobil | February 15, 2020

Exxon Mobil Corp began restarting units shut by a Wednesday fire at its Baton Rouge, Louisiana, refinery and chemical plant complex on Thursday night, sources familiar with plant operations said on Friday. Among the most crucial waiting to restart are three crude distillation units (CDUs) at the 502,500 barrel-per-day (bpd) Baton Rouge refinery that could be turned back on as early as next week if the natural gas supply can be restored to those units during that time, the sources said. On Thursd...

Chemical Management

PTTGC International | July 16, 2021

PTTGC International (Netherlands) B.V., a fully owned subsidiary of PTT Global Chemical Public Company Limited, has signed a deal to purchase industrial coating resins producer Allnex Holding GmbH from Allnex Holdings S.à.r.l and Allnex S.à.r.l, funds advised by Advent International. The purchase allows G.C. Group to expand its business portfolio into specialty chemicals and enhance its leadership position in the chemicals industry by integrating environmentally frie...