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Chemical Technology

Piper Sandler | July 14, 2021

The Valence Group at Piper Sandler & Co. announced today that it advised PTT Global Chemical Public Company Limited on its acquisition of Allnex, a leading global specialty chemical company focused on industrial coating resins, from Advent International for an enterprise value of €4.0 billion (approximately $4.75 billion). The company has about €2 billion in sales, an EBITDA margin of 17-19%, and a global production network of 33 cutting-edge manufacturing sites in 18 countries, 23...

Xinhua | February 13, 2020

BASF is planning to construct a new production site for battery materials in the German state Brandenburg, the German chemical giant announced on Wednesday. The new factory will produce cathode active materials (CAM) with an initial capacity enabling the supply for about 400,000 fully electric vehicles per year, according to BASF. The production site in Brandenburg would use precursors from the BASF plant in Harjavalta, Finland. Startup of the two plants was planned for 2022, the German chemical...

Products and Technologies

Lummus Technology | December 03, 2021

Lummus Technology announced it has been awarded a contract from the Gazpromneft Moscow Refinery for two fired heaters. The heaters will be installed at the refinery in Moscow, and are part of the plant's modernization to improve operational efficiency and environmental performance. "This award is a great example of how Lummus supports its customers across their capital investment and operational cycles. We are building on CLG's delayed coki...

PR Newswire | January 28, 2020

SOCMA is pleased to announce two new services for the chemical industry – a modernized Chemical Operations Tool and a new Career Center – that will assist companies in addressing workforce development challenges. "SOCMA understands the ongoing challenge in finding qualified workers and ensuring that new and existing workers receive quality training," said Jennifer Abril, SOCMA President and CEO. "We also realize a new generation of workers is coming into the industry a...