Chemical Engineering Students Society (ChESS)

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

Huntsman | January 20, 2021

Huntsman Corporation (NYSE: HUN) today announced it completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from Audax Private Equity. Huntsman paid $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel had 2019 revenues of approximately $106 millio...

Chemical Technology | January 27, 2020

High flaring has started at ExxonMobil Chemical’s Fife ethylene plant (FEP) in Mossmorran, Scotland, as the facility resumes operations following its recent closure. ExxonMobil warned the public to expect increased flaring as part of the restart process. Two boilers at the plant were subject to a breakdown in August and were accompanied by explosions. The Scottish Environmental Protection Agency (SEPA) said it is continuing its deployment of air quality monitoring in various locations surr...

Chemical Management

The Chemours Company | July 27, 2021

The Chemours Company, a global chemistry company with market leadership positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, has entered into a definitive agreement to sell its Mining Solutions business to Draslovka Holding a.s. for $520 million in cash (representing 10 times 2020 Adjusted EBITDA)1. Subject to regulatory approvals and other normal closing conditions, the deal is anticipated to complete in the fourth quar...