Chemical Engineering August 2019 - 13

plex in The Kingdom of Saudi Arabia. A new 425,000 m.t./
yr acrylonitrile plant will use Ineos' technology and catalyst,
and will be the first plant of its kind in the Middle East when
it starts up in 2025. Ineos will also build a 400,000 m.t./
yr linear alpha-olefin plant and associated world-scale polyalpha-olefin
plant. These units will begin production in 2025.
Mergers & Acquisitions
Aspen Tech announces
two acquisitions
July 12, 2019 - Aspen Technology, Inc. (Bedford,
Mass.; www.aspentech.com) has signed an agreement
to acquire Mnubo Inc., a Montreal-based provider of
purpose-built artificial intelligence (AI) and analytics infrastructure
for the internet of things (IoT). Mnubo enables
industrial companies to assemble and deploy AI-driven
IoT applications quickly, at enterprise scale. AspenTech
has also acquired Sabisu Ltd., a U.K.-based company
that provides a flexible enterprise visualization and workflow
solution to deliver realtime decision support.
Outotec to merge with
Metso Minerals
July 4, 2019 - Metso Corp. (Helsinki, Finland; www.
metso.com) and Outotec Oyj (Espoo, Finland; www.
outotec.com) have agreed to combine Metso Minerals
and Outotec to create a leading company in process
technology, equipment and services serving the minerals,
metals and aggregates industries. The combined
company, comprising Metso Minerals and Outotec (but
excluding Metso Flow Control), will be named Metso
Outotec. With this transaction, Metso Flow Control will
become a separately listed independent flow-control
equipment and services company under then of Neles.
Its headquarters will be in Vantaa, Finland.
Pfizer will acquire
Array BioPharma
June 17, 2019 - Pfizer Inc. (New York; www.pfizer.com) and
Array BioPharma Inc. (Boulder, Colo.; www.arraybiopharma.
com) have entered into a definitive merger agreement under
which Pfizer will acquire Array, a commercial-stage biopharmaceutical
company focused on the discovery, development
and commercialization of targeted small-molecule
medicines to treat cancer and other diseases. Pfizer has
agreed to acquire Array for $48 per share in cash, for a total
enterprise value of approximately $11.4 billion.
DuPont becomes
an independent company
June 10, 2019 - DuPont de Nemours, Inc. (DuPont, Wilmington
Del., www.dupont.com) announced on June 3 its
debut as an independent company following the successful
separation of its Agriculture Division through the spin-off of
Corteva, Inc. The company was formerly known as DowDuPont
Inc. DuPont has a presence in over 70 countries, and
operates approximately 170 manufacturing sites, over 10
global R&D centers and 10 global innovation centers. n
Gerald Ondrey
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Chemical Engineering August 2019

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