Chemical Engineering February 2016 - 14

BP to sell petrochemicals plant
in Alabama to Indorama
January 6, 2016 - Bp plc (London;
www.bp.com) has agreed to sell its
petrochemical complex in Decatur,
Ala., to Indorama Ventures public co.
(Bangkok, thailand; www.indorama.
net). the parties anticipate that the
deal will close in early 2016. the facility
can produce purified terephthalic
acid (ptA), para-xylene and
naphthalene dicarboxylate.
Albemarle finalizes sale of its
metal sulfides business
January 5, 2016 - Albemarle corp.
(Baton Rouge, La.; www.albemarle.
com) has completed the sale of its
tribotecc metal sulfides business
to treibacher Industrie AG. the
transaction includes sites in Vienna
and Arnoldstein, Austria, and tribotecc's
proprietary sulfide synthesis process.
Financial terms of the transaction were
not disclosed.
Dyadic closes sale of Industrial
Technology business to DuPont
January 4, 2016 - Dyadic International,
Inc. (Jupiter, Fla.; www.dyadic.
com) closed the sale of its Industrial
technology business to Dupont
(Wilmington, Del.; www.dupont.com)
for $75 million in cash. the acquired
business will be integrated into Dupont's
Industrial Biosciences division.
Saint-Gobain acquires specialtytubing
company in Brazil
January 4, 2016 - saint-Gobain
(courbevoie, France ; www.saint-gobain.
com) has acquired sG plasticos, a
producer of specialty extruded tubing
located in são paulo, Brazil. sG
plasticos provides differentiated and
customized solutions related to fluid
transfers in many markets.
Celanese forms JV for cellulosebased
specialty products
December 22, 2015 - celanese corp.
(Irving, tex.; www.celanese.com)
has entered into a memorandum of
understanding with china-based push
Group co. to form a new JV focused
on the production of cellulose-acetatebased
specialty products, including
plastics and films. the execution of
the agreement is expected to occur
before the end of March 2016.
Huber to purchase two business
units from Albemarle
December 17, 2015 - Albemarle
corp. has signed an agreement to
sell its Mineral Flame Retardants and
specialty chemicals businesses to
Huber Engineered Materials (Atlanta,
Ga.; www.hubermaterials.com). the
transaction includes Albemarle's
Martinswerk GmbH subsidiary
located in Bergheim, Germany and
Albemarle's 50% stake in Magnifin
Magnesiaprodukte GmbH, a JV with
RHI AG at Breitenau, Austria.
Sinopec acquires minority
stake in Sibur
December 17, 2015 - sibur (Moscow;
www.sibur.com) and china petroleum
& chemical corp. (sinopec) announced
the successful completion of sinopec's
10% minority investment in sibur as a
strategic investor. the investment will
lead to the sharing of joint expertise and
resources, and sinopec will have the
right to nominate a representative to
sibur's Board of Directors.
■
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14
Mary Page Bailey
ChemiCal engineering www.Chemengonline.Com february 2016

http://www.bp.com http://www.albemarle http://www.dyadic http://www.indorama http://www.dupont.com http://www.saint-gobain http://www.celanese.com http://www.hubermaterials.com http://www.sibur.com http://adlinks.chemengonline.com/61492-09 http://www.Chemengonline.Com

Chemical Engineering February 2016

Table of Contents for the Digital Edition of Chemical Engineering February 2016