che_october-2024 - 11

and a currently idled methanol facility
in the Netherlands.
Adnoc acquires stake in
ExxonMobil low-carbon H2 project
October 4, 2024 - ExxonMobil Corp.
(Houston) and Adnoc (Abu Dhabi
National Oil. Corp.; www.adnoc.ae)
announced that Adnoc will acquire
a 35% equity stake in ExxonMobil's
proposed low-carbon hydrogen and
ammonia production facility in Baytown,
Tex., expected to be the world's largest
of its kind upon startup, capable of
producing up to 1 billion ft3/d of lowcarbon
hydrogen. A final investment
decision (FID) is expected in 2025 with
anticipated startup in 2029.
Prayon acquires calciumphosphate
company in the U.S.
October 4, 2024 - Prayon S.A.
(Engis, Belgium; www.prayon.com)
has acquired the U.S.-based company
Natural Enrichment Industries (NEI), a
producer of calcium phosphate salts.
The NEI production sites located in
southern Illinois (Herrin and Sesser)
complement the existing Prayon
production plant of phosphate salts
based in Augusta, Ga.
Indorama establishes JV to
construct recycling plants in India
October 4, 2024 - Indorama Ventures
Ltd. (IVL; Bangkok, Thailand; www.
indoramaventures.com) and Dhunseri
Ventures Ltd. have formed a joint
venture (JV) with Varun Beverages
Ltd., PepsiCo's second-largest bottling
company outside the U.S., to establish
several new polyethylene terephthalate
(PET) recycling facilities in India. The
joint venture has already begun the
construction of two recycling facilities,
planned for completion in 2025. The
aim is to reach a combined capacity
of 100,000 m.t./yr for recycled PET
across all the facilities when completed.
PPG agrees to sell silicas
business for $310 million
August 29, 2024 - PPG (Pittsburgh, Pa.;
www.ppg.com) agreed to sell its silicas
products business for approximately
$310 million to Qemetica S.A. (Warsaw,
Poland), a privately held manufacturer of
soda ash, silicates and other specialty
chemicals. The transaction includes
PPG's precipitated silicas manufacturing
sites in Lake Charles, La. and Delfzijl,
the Netherlands.
Air Products acquires hydrogen
production assets in Uzbekistan
August 26, 2024 - Air Products (Lehigh
Valley, Pa.; www.airproducts.com) will
acquire Saneg's hydrogen production
assets located at the Fergana Oil Refinery
in Uzbekistan for $140 million. The
acquisition includes a steam methane
reforming unit capable of processing
either 100% natural gas or liquefied
petroleum gas (LPG).
LyondellBasell to acquire
recycling technology firm APK AG
August 23, 2024 - LyondellBasell
(LYB; Rotterdam, the Netherlands;
www.lyondellbasell.com) announced
that it entered into an agreement to
acquire full ownership of APK AG, a
recycling company in in Merseburg,
Germany. APK offers a unique solventbased
recycling technology for lowdensity
polyethylene (LDPE). ■
Mary Page Bailey
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OCTOBER 2024
11
http://www.adnoc.ae http://www.indoramaventures.com http://www.airproducts.com http://www.lyondellbasell.com http://www.prayon.com http://www.ppg.com http://adlinks.chemengonline.com/86468-04 http://WWW.CHEMENGONLINE.COM
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