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11:35 AM, 27th November 2019
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AkzoNobel supplies powder coatings for European’s new tallest building

AMSTERDAM, NETHERLANDS: Europe will soon have a new tallest building – and it’s being protected from the ravages of the Warsaw weather by a high-class powder coatings system supplied by AkzoNobel. Standing 310 meters tall, the Varso Tower – developed by international workspace provider HB Reavis – will dominate the skyline of the Polish capital. It features a sleek black exterior which has been created by using the company’s Interpon D2525 super-durable topcoat on ...

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11:39 AM, 11th November 2019
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Covestro, North cooperate in the development of smart glasses

LEVERKUSEN, GERMANY: Augmented Reality (AR) is currently one of the hottest development topics in consumer electronics. This topic has already been hyped as the next game changer like the smartphone in our daily life. Smart glasses are the entrance step towards AR devices. Canada-based start-up North is a pioneer in this market by launching the first commercial smart glasses called Focals® that look like everyday glasses. One of the many challenges with developing such complex devices ...

11:12 AM, 11th November 2019
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Nexam Chemical appoints new chairman

STOCKHOLM, SWEDEN: Nexam Chemicals Holding AB has appointed the current Board member Mats Persson as new Chairman of the Board, effective from November 12, 2019. To date, the Chairman of the Board Lennart Holm has informed the Board that he wishes to resign from the Board due to a lack of time, as he has undertaken a time-consuming commitment outside the company. No other changes to the Board are planned. Mats Persson has a Master of Science in Chemical Engineering and has a long-time experien ...

9:27 AM, 8th November 2019
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Equinor to sells Eagle Ford asset to Repsol

STAVANGER, NORWAY: Equinor has signed an agreement to divest its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas to Repsol. The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset. The total consideration is USD 325 million. Equinor entered the Eagle Ford asset in 2010 through a joint acquisition ...

10:32 AM, 7th November 2019
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BASF, NGK to partner on developing the next generation of sodium-sulfur batteries

NAGOYA, JAPAN/ LUDWIGSHAFEN, GERMANY: BASF New Business GmbH and Japanese ceramics manufacturer NGK INSULATORS LTD are expanding their cooperation. In addition to the sales partnership agreement for NAS batteries announced in June 2019, they have now entered into a joint development agreement (JDA) to develop the next generation of sodium-sulfur batteries. This JDA will exploit the synergy in know-how of both companies, BASF and NGK. The two companies aim to develop the next generation of ...

11:18 AM, 6th November 2019
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Equinor makes oil and gas discovery in the North Sea

STAVANGER, NORWAY: Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent. Adding considerably to the resources in this part of the North Sea, the discovery will probably be tied back to existing infrastructure. Further knowledge of the are ...

11:25 AM, 5th November 2019
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IMCD to acquire South Korean pharmaceutical ingredient distributor

ROTTERDAM, THE NETHERLANDS: IMCD NV has signed an agreement to acquire 57% of the outstanding shares of South Korean based pharmaceutical ingredient distributor Whawon Pharm Co Ltd (Whawon). Initially, IMCD will acquire 57% of the total share capital from the existing Whawon management, who will continue to lead the company. The remaining 43%, will be maintained by the management, for a period up to 5 years after closing. Whawon is a leading pharmaceutical distributor in South Korea with ...

11:12 AM, 4th November 2019
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Showa Denko to commercialize 1,3 butylene glycol

TOKYO, JAPAN: Showa Denko has decided to commercialize 1,3-butylene glycol (1,3-BG), which is mainly used as raw material for cosmetics. SDK will finish installation of facilities to produce 1,3-BG in its Oita Complex by the end of 2019, and plans to start sale of the product in April 2020. 1,3-BG is mixed into many kinds of cosmetics as moisturizing component. Due to rapid growth in Asian demand for cosmetics, the demand for 1,3-BG is expected to increase 10% every year (SDK’s estimate). ...

9:21 AM, 4th November 2019
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Nouryon, Forge Nano to collaborate on ultra-thin coatings technology

AMSTERDAM, NETHERLANDS: Nouryon and US-based startup Forge Nano have agreed to explore a joint collaboration in ultra-thin coatings for high-growth applications including batteries and catalysts. The technology, called atomic layer deposition (ALD), also has the potential to open up entirely new applications. The companies have complementary activities in ultra-thin coatings – Forge Nano develops precision nano-coating technology, and Nouryon supplies metalorganic building blocks, includi ...

6:44 AM, 4th November 2019
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Total to sell interest in Offshore Block CA1 to Shell subsidiary

PARIS, FRANCE: Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95 percent interest in Block CA1, located 100 kilometers off the coast of Brunei — to Dordtsche Petroleum Maatschappij BV for $300 million. Dordtsche Petroleum is a subsidiary of Royal Dutch Shell plc. The transaction is expected to close by December 2019. Block CA1 covers 5,850 square kilometers, with water depths ranging from 1,000 to 2,500 meters ...

11:52 AM, 2nd November 2019
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Shell appoints new Downstream director

THE HAGUE, NETHERLANDS: Royal Dutch Shell plc (Shell) has appointment Huibert Vigeveno as Downstream director with effect from 1st January 2020. In his new role, Huibert will become a member of the Executive Committee and will succeed John Abbott. John will remain available to Huibert and the Executive Committee to assist with the transition until 31st March 2020 and will then leave the company after 38 years’ distinguished service. “I am grateful to John for his strong leader ...

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