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9:46 AM, 29th July 2015
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Frutarom acquires Scandia Citrus in US; its ninth acquisition this year

HERZLIYA, ISRAEL: Frutarom Industries Ltd said it has acquired the business operations and assets of Florida, US-based Scandia Citrus LLC, which specializes in specialty solutions in the field of citrus for leading global customers in the flavour, food and beverages markets, for approximately $6 million.  Scandia’s sales in 2014 totaled approximately US$ 8 million, Frutarom said. This acquisition joins that of CitraSource last year which also specializes in citrus and whose producti ...

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5:31 PM, 9th July 2015
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Asahi Kasei to build new cellulose nonwoven fabric plant in Japan

OSAKA, JAPAN: Asahi Kasei Fibers Corp said that it will construct a new production facility for its Bemliese cellulose nonwoven fabric in Nobeoka, Miyazaki, Japan (at the site of the former polyester plant). The new production facility capacity will be approximately 1,500 tonne per year, with the scheduled ground-breaking in December 2015 and start up in March 2017. Bemliese is the world’s only continuous-filament cellulose nonwoven fabric. It is composed of regenerated cellulose fibre ma ...

2:42 PM, 9th July 2015
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Evonik starts up metal powder catalysts pilot plant in China

ESSEN, GERMANY: Evonik Industries AG said it has completed the construction and commissioning of a new pilot plant for precious metal powder catalysts (PMPC) at its production site in Shanghai, China. The set-up is analogous to the existing commercial production plant operating since July 2010 at Evonik’s Xinzhuang site in Shanghai. The purpose of the pilot plant is to accelerate the upscaling process for commercial catalysts and to quickly provide pilot scale PMPC for customer projects. ...

1:08 PM, 9th July 2015
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Rosneft to buy 49 pc stake in Essar’s Vadinar refinery in India

MOSCOW, RUSSIA: Rosneft chairman of the management board Igor Sechin and Essar Group founder Shashi Ruia signed a long-term contract for oil supplies for refining at the Vadinar refinery (India). The contract envisages total supplies of 100 million tonne of crude oil over a period of 10 years. Rosneft and Essar also signed a term sheet with regard to Rosneft’s participation in the Vadinar refinery equity capital with a share of up to 49 percent. Rosneft participation in the refinery&rsqu ...

6:15 PM, 8th July 2015
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Linde to install world’s largest on-site fluorine plant in South Korea

SAN FRANCISCO, US: Linde Electronics and Specialty Gases, affiliate of Linde North America, member of Linde Group, said it will install a new on-site fluorine plant to supply SK Hynix Semiconductor, manufacturer of DRAM and NAND flash memories. The plant, which will be the world’s largest on-site fluorine (F2) plant, will supply the M14 line in Icheon, South Korea from the end of second quarter 2015. This expansion of Linde’s patented on-site F2 technology to this new facility follo ...

12:38 PM, 8th July 2015
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Former Yara CEO and executives sentenced to prison in corruption case

OSLO, NORWAY: A Norwegian court sentenced four former top executives at Yara International ASA, the world’s biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway’s biggest corruption scandals. Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya - including to the family of former Libyan leader Muammar Gaddafi’s oil minister and the family of a financial adviser in Ind ...

1:00 PM, 7th July 2015
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Sabic signs research agreement with National University of Singapore

RIYADH, SAUDI ARABIA: Sabic said it signed a master research agreement with National University of Singapore (NUS) to enhance research and collaboration in the fields of chemistry, chemical engineering and material science and facilitate technical exchange between one of the world’s largest diversified chemical companies and one of Asia’s top universities. This marks Sabic’s first research partnership of this nature in Southeast Asia, it said. Joint research efforts will focus ...

12:23 PM, 7th July 2015
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ICL resumes polymeric flame retardant production; closes HBCD production

TEL AVIV, ISRAEL: Israel Chemicals Ltd said that its ICL industrial products segment has resumed commercial production of its FR-122P polymeric flame retardant following the end of a labour strike at its 10,000 mt per year plant in Israel. ICL IP also said that it is ceasing production and phasing out sales of its HBCD product, FR-1206, excluding sales based on existing commitments to customers and in line with the phase out dates of REACH and POP legislation. The transition from HBCD to FR-12 ...

10:45 AM, 7th July 2015
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Western Potash gets majority stake buyout offer from Chinese firm

VANCOUVER, CANADA: Western Potash Corp said that Beijing Tairui Innovation Capital Management Ltd has agreed to make a strategic equity investment of C$80,000,000 in Western at a price of C$0.3213 per common share of Western for a total of 248,989,860 common shares in the capital of Western, which will result in Tairui holding a 51 percent ownership stake in the company on a non-diluted basis on closing of the transaction. Closing, subject to approvals, is anticipated to take place on or about ...

7:01 AM, 7th July 2015
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ICL to use wastewater treatment tech from Migal research institute

TEL AVIV, ISRAEL: Israel Chemicals Ltd said that its ICL Haifa subsidiary, signed a license agreement with Migal Galilee Research Institute for the use of proprietary technology related to wastewater treatment. ICL Haifa will have the right to develop, manufacture and sell reagents developed by Migal to treat wastewater. The agreement between the parties follows the successful completion of a year-long pilot programme conducted by Migal in conjunction with ICL’s open innovation arm, ICL I ...

9:09 AM, 4th July 2015
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Sinochem, Solvay to co operate in areas of green chemical

BEIJING, CHINA: Sinochem Group said it signed a memorandum of understanding (MOU) with Solvay SA for strategic cooperation in areas of fine chemical, in particular green chemical and establish long-term stable cooperative partnership step by step. The MoU was signed 23 June, witnessed by Chinese president Xi Jinping and the King of Belgium Philippe Leopold Louis Marie. Chairman of Sinochem Group, Liu Deshu and CEO of Solvay SA, Jean-Pierre Clamadieu, signed their names on the MoU. Zhang Zenggen ...

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