Chemical Engineering February 2022 - 11

Thermo Fisher Scientific acquires
protein manufacturer PeproTech
January 6, 2022 - Thermo Fisher
Scientific Inc. (Waltham, Mass.; www.
thermofisher.com) completed its
acquisition of PeproTech, a developer
and manufacturer of recombinant
proteins, for a total cash purchase
price of approximately $1.85 billion.
PeproTech will become part of Thermo
Fisher's biosciences business.
Clariant acquires BASF's U.S.based
Attapulgite business assets
December 28, 2022 - Clariant AG
(Muttenz, Switzerland; www.clariant.
com) agreed to acquire BASF SE's
(Ludwigshafen, Germany; www.basf.
com) U.S. Attapulgite business for $60
million. BASF's Attapulgite business is
one of the largest attapulgite businesses
in North America, with mining operations
in Georgia and Florida and processing
operations in Quincy, Florida.
Cargill to acquire industrial
chemicals portfolio from Croda
December 22, 2022 - Cargill, Inc.
(Minneapolis, Minn.; www.cargill.com)
reached an agreement with Croda
International Plc (Snaith, U.K.; www.
croda.com) to acquire the majority
of its performance technologies and
industrial chemicals business for €915
million ($1.03 billion). Expected to close
in summer 2022, the Croda acquisition
will greatly expand Cargill's bioindustrial
market presence, especially in Europe,
the U.S. and Asia.
SK Geo Centric and Tokuyama
form isopropyl alcohol JV
December 22, 2022 - SK Geo Centric
and Tokuyama Corp. (Tokyo; www.
tokuyama.co.jp) plan to invest roughly
KRW120 billion (around $100 million)
in a 50-50 joint venture (JV), which will
produce and sell high-purity isopropyl
alcohol (IPA) for semiconductors. The
JV will construct a manufacturing plant
to produce 30,000 m.t./yr of IPA. The
plant will begin pilot operations in 2023
before being commercialized in 2024.
Cummins and Sinopec launch JV
to produce electrolyzers in China
December 21, 2022 - Cummins Inc.
(Indianapolis, Ind.; www.cummins.com)
and China Petrochemical Corp. (Sinopec
Group; www.sinpecgroup.com) formed
a 50-50 JV located in Guangdong
Province, China. The JV will initially
invest $47 million for a manufacturing
plant to produce proton-exchange
membrane (PEM) electrolyzers. The
plant will initially have a manufacturing
capacity of 500 MW/yr of electrolyzers
upon completion in 2023, which will be
gradually increased over the next five
years to reach 1 GW of manufacturing
capacity per year.
Entegris to acquire
CMC Materials for $6.5 billion
December 16, 2021 - Entegris, Inc.
(Billerica, Mass.; www.entegris.com)
and CMC Materials, Inc. (Aurora, Ill.;
www.cmcmaterials.com) announced
a merger agreement under which
Entegris will acquire CMC Materials
in a cash and stock transaction with an
enterprise value of around $6.5 billion.
CMC Materials is a leading supplier
of advanced materials, primarily for
the semiconductor industry.
■
Mary Page Bailey
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
For details visit adlinks.chemengonline.com/82578-04
FEBRUARY 2022
11

http://www.sinopecgroup.com http://www.croda.com http://www.thermofisher.com http://www.clariant.com https://www.tokuyama.co.jp/eng/ http://www.basf.com http://www.entegris.com http://www.cmcmaterials.com http://www.cargill.com http://www.cummins.com http://adlinks.chemengonline.com/82578-04 http://WWW.CHEMENGONLINE.COM

Chemical Engineering February 2022

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