Chemical Engineering April 2019 - 13

Evonik to sell its Methacrylates
business for €3 billion
March 5, 2019 - Evonik Industries AG (Essen, Germany;
www.evonik.com) has signed an agreement to sell its
Methacrylates business to Advent International (Boston,
Mass.; www.adventinternational.com) for €3 billion. The
transaction comprises the Methacrylates, Acrylic Products
and CyPlus business lines and some of the methacrylate
resins activities, as well as 18 global production sites.
BP, Virent and Johnson Matthey partner on
production of bio-based PX
March 5, 2019 - BP (London; www.bp.com), Virent Inc.
(Madison, Wis.; www.virent.com) and Johnson Matthey
(London; www.matthey.com) have signed an agreement
that will further advance the commercialization of Virent's
Bioforming process for production of bio-based p-xylene
(PX), a key raw material for the production of renewable
polyester. BP will contribute technical resources and
has exclusive rights to negotiate becoming the sole
manufacturer of bio-PX using Virent's technology.
Axens acquires a stake in
biogas specialist Arol Energy
March 5, 2019 - Axens has taken an equity interest
in Arol Energy (Le Bourget-du-Lac, France; www.arolenergy.com),
an expert in biogas purification systems.
The company's products and services are designed
for entities involved in biogas production from urban or
agricultural waste.
Messer and CVC finalize acquisition
of selected Linde and Praxair assets
March 3, 2019 - Messer Group GmbH (Bad Soden,
Germany; www.messergroup.com) acquired the majority
of Linde AG's (Munich, Germany; www.linde.com) gases
business in North America and certain Linde and Praxair
(Danbury, Conn.; www.praxair.com) business activities
in South America, in a joint venture (JV) with CVC Capital
Partners Fund VII (CVC). The JV - called Messer Industries
GmbH - is investing a total of around $3.6 billion
(€3.2 billion). Messer is contributing the majority of its
Western European companies to the JV.
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Matheson completes acquisition
of Linde's HyCO business in the U.S.
March 1, 2019 - Matheson Tri-Gas, Inc. (Bernards
Township, N.J.; www.mathesongas.com) has completed
its acquisition of the divested Linde HyCO business
in the U.S., which produces H2, CO and syngas. The
business became available due to the global business
combination of Linde and Praxair. The HyCO business
includes a remote operations center in LaPorte, Tex. that
supports plants in Alabama, Illinois, Ohio and Washington.
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Total acquires French
plastics recycler Synova
Total S.A. (Paris, France; www.total.com) has acquired
Synova, a France-based manufacturer of high-performance
recycled polypropylene for the automotive sector. Synova
currently produces 20,000 m.t./yr of polypropylene from
recycled plastics.
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BY-PASS
http://www.evonik.com http://www.adventinternational.com http://www.bp.com http://www.virent.com http://www.matthey.com http://www.arol http://www.energy.com http://www.messergroup.com http://www.linde.com http://www.praxair.com http://www.mathesongas.com http://www.total.com http://www.CRCleanAir.com http://WWW.CHEMENGONLINE.COM http://adlinks.chemengonline.com/73853-24
Chemical Engineering April 2019

Table of Contents for the Digital Edition of Chemical Engineering April 2019
