Chemical Engineering August 2020 - 11

Mergers & Acquisitions
Petrobras to sell
biodiesel assets
July 7, 2020 - Petróleo Brasileiro
S.A. (Petrobras; Rio de Janeiro, Brazil;
www.petrobras.com.br) has started
the process to sell its wholly owned
subsidiary Petrobras Biocombustível
S.A. (PBIO). This transaction consists
of the sale of 100% of Petrobras'
shares in PBIO, including three
biodiesel plants.
Dow to divest U.S.
rail infrastructure assets
July 6, 2020 - Dow, Inc. (Midland,
Mich.; www.dow.com) agreed to sell
its rail infrastructure assets and related
equipment at six North American sites
to Watco Companies, LLC (Pittsburg,
Kan.; www.watcocompanies.com).
Dow expects to receive proceeds of
around $310 million as part of the
transaction. The assets are located
at Dow's sites in Plaquemine and St.
Charles, La.; Freeport and Seadrift,
Tex.; and Ft. Saskatchewan and
Prentiss in Alberta, Canada.
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Lummus Technology
acquisition completed
July 1, 2020 - Haldia Petrochemicals
Ltd. (Kolkata, India) and investment
funds affiliated with Rhône Capital
have successfully completed the joint
acquisition of Lummus Technology
(Houston, Tex.; www.lummustechnology.
com) from McDermott International
(Houston; www.mcdermott.com). Under
the terms of the agreement, Lummus
was valued at $2.725 billion.
PolyOne changes name following
Clariant Masterbatches purchase
July 1, 2020 - PolyOne Corp.
(Cleveland, Ohio; www.polyone.com)
completed its purchase of the color
masterbatch businesses of Clariant AG
(Muttenz, Switzerland; www.clariant.
com). PolyOne also announced that
it has changed its name to Avient Corp.
The Clariant Masterbatch business
includes 46 manufacturing sites and
technology centers in 29 countries,
which will join Avient's Color, Additives
and Inks
business segment. The
net purchase price is $1.44 billion.
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BP to sell petrochemicals
business to Ineos for $5 billion
June 29, 2020 - BP plc (London;
www.bp.com) has agreed to sell its
global petrochemicals business to
Ineos (London; www.ineos.com) for
a total consideration of $5 billion. BP's
petrochemicals business is focused on
two main businesses - aromatics and
acetyls. In total, the businesses have
interests in 14 manufacturing plants in
Asia, Europe and the U.S., and in 2019
made 9.7 million m.t. of petrochemicals.
DSM to acquire a portion of
Clariant's 3D-printing business
June 24, 2020 - Royal DSM N.V. (Geleen,
the Netherlands) will take over certain
parts of Clariant's 3D-printing business
portfolio. The upcoming integration of
these assets enables DSM to strengthen
its engineering-grade filament, pellet
and powder portfolio. The transaction
includes part of Clariant 3D-printing team,
a selection of their material portfolio and
expertise in powder development, as well
as a small production line.
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AUGUST 2020
11
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561.694.9588
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http://www.bp.com http://www.ineos.com http://www.petrobras.com.br http://www.lummustechnology http://www.mcdermott.com http://www.polyone.com http://www.dow.com http://www.clariant http://www.watcocompanies.com http://www.CVTECHNOLOGY.COM http://www.pauloabbe.com http://adlinks.chemengonline.com/76993-16 http://adlinks.chemengonline.com/76993-04 http://WWW.CHEMENGONLINE.COM

Chemical Engineering August 2020

Table of Contents for the Digital Edition of Chemical Engineering August 2020