Chemical Engineering April 2022 - 13

open up new opportunities for Sika
in the eastern region of Canada. The
acquired business generates annual
sales of CHF 20 million (around $21.6
million). Sable Marco operates one
manufacturing plant near Québec City.
Sasol to sell European wax
business to AWAX
March 3, 2022 - Sasol Ltd. (Johannesburg,
South Africa; www.sasol.com) plans to
sell its German subsidiary Sasol Wax
GmbH to Italy-based AWAX S.p.a.
Sasol Wax has two production facilities
in Hamburg, Germany, one in the
U.K. and one in Austria. Following
the acquisition, it will operate under
the name Hywax GmbH.
Neste and Marathon establish JV
for production of renewable fuels
March 3, 2022 - Neste Corp. (Espoo,
Finland; www.neste.com) is establishing
a 50/50 JV with Marathon Petroleum
Corp. (Findlay, Ohio; www.marathon.
com). The JV will produce renewable
diesel following a conversion project
at Marathon's petroleum refinery in
Martinez, Calif. The project will increase
Neste's renewable products capacity
by over 1 million m.t./yr. Production of
renewable diesel is expected to start
in late 2022, with the full capacity of
2.1 million m.t./yr online by late 2023.
Chevron to acquire Renewable
Energy Group for $3.15 billion
February 28, 2022 - Chevron Corp.
(San Ramon, Calif.; www.chevron.com)
will acquire the outstanding shares of
Renewable Energy Group, Inc. (REG;
Ames, Iowa; www.regi.com) in an
all-cash transaction valued at $3.15
billion. After closing of the acquisition,
Chevron's renewable fuels business
will be headquartered in Ames, Iowa.
Teijin and Fuji Design form alliance
to advance carbon-fiber recycling
February 24, 2022 - Teijin Ltd. (Toyko;
www.teijin.com) and Fuji Design Co.
plan to collaborate on the production
and commercialization of carbon-fiber
reinforced plastic (CFRP) products made
from recycled carbon fibers using Fuji
Design's proprietary pyrolysis technology.
The technology produces carbon fibers
from used CFRP by removing matrix
resins, while reportedly producing
90% less emissions than carbon fibers
produced with virgin raw materials.
Arkema acquires adhesives
manufacturer in China
February 22, 2022 - Arkema S.A.
(Colombes, France; www.arkema.
com) announced the acquisition of
Shanghai Zhiguan Polymer Materials
(PMP), a company specialized in hotmelt
adhesives. With over €1 million
in annual sales, PMP manufactures
adhesives mainly used in the bonding
of phones, tablets, laptops and more.
Celanese acquires Mobility &
Materials assets from DuPont
February 18, 2022 - Celanese Corp.
(Dallas, Tex.; www.celanese.com)
will acquire a majority of the Mobility
& Materials business of DuPont
(Wilmington, Del.; www.dupont.com)
for $11 billion. With the acquisition,
Celanese acquires a broad portfolio
of engineered thermoplastics and
elastomers and a global production
network of 29 facilities.
■
Mary Page Bailey
For details visit adlinks.chemengonline.com/82580-07
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
APRIL 2022
13

http://www.arkema.com http://www.chevron.com https://www.sasol.com http://www.regi.com http://www.celanese.com http://www.teijin.com https://www.neste.com http://www.dupont.com https://www.marathon.com http://adlinks.chemengonline.com/82580-07 http://WWW.CHEMENGONLINE.COM

Chemical Engineering April 2022

Table of Contents for the Digital Edition of Chemical Engineering April 2022