Chemical Engineering January 2017 - 13

managed by Blackstone. The transaction is based on
an enterprise value of about €1 billion, and is expected
to be completed in the first half of 2017.
Gurit acquires BASF's
PET business
December 1, 2016 - Gurit Holding AG (Wattwil,
Switzerland; www.gurit.com) has acquired BASF's
PET (polyethylene terephthalate) structural foam business
for an undisclosed purchase price. The transaction
comprises BASF's PET operations in Volpiano, Italy,
including staff, operating assets and intellectual property.
Mexichem acquires U.K.-based
PVC compounder
November 29, 2016 - Mexichem S.A.B. de C.V.
(Tlalnepantla, Mexico; www.mexichem.com) has acquired
Vinyl Compounds Holdings Ltd. (VCHL; Chinley, U.K.),
a manufacturer of technical polyvinyl chloride (PVC)
compounds serving a broad range of industries. VCHL
has annual revenues of approximately $40 million.
BASF to divest
Inorganic Specialties business
November 28, 2016 - BASF will sell its Inorganic Specialties
business to Edgewater Capital Partners of Cleveland,
Ohio. Inorganic Specialties includes a production site in
Evans City, Pa., and the Specialty Alcoholates, Boranes
and Alkali Metals product lines, which are produced at
the site. The transaction is expected to be completed
in the first quarter of 2017.
Honeywell launches new
research chemicals business
November 28, 2016 - Honeywell (Morris Plains, N.J.; www.
honeywell.com) launched a new business, Honeywell
Research Chemicals, which will include several brands
of solvent and inorganic chemical products that were
acquired from Sigma-Aldrich (St. Louis, Mo.; www.sigmaaldrich.com)
in December 2015. The Research Chemicals
business is headquartered in Seelze,Germany.
TO CAUSTIC FILL
Tesoro to acquire Western Refining
in $4.1-billion deal
November 17, 2016 - Tesoro Corp. (San Antonio, Tex.;
www.tsocorp.com) will acquire Western Refining, Inc. (El
Paso, Tex.; www.wnr.com) in a transaction representing
an equity value of $4.1 billion. The transaction adds
Western's petroleum refineries in Texas, New Mexico
and Minnesota to Tesoro's existing refineries, resulting
in a refining capacity of over 1.1 million bbl/d.
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November 16, 2016 - Total S.A. (Paris; www.total.com)
and Corbion (Amsterdam, the Netherlands; www.corbion.
com) are creating a 50-50 bioplastics joint venture to
produce and market polylactic (PLA) polymers. The two
partners plan to build a PLA polymerization plant with a
capacity of 75,000 m.t./yr at Corbion's site in Thailand.
The JV will be based in the Netherlands and will launch
operations in the first quarter of 2017.
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Chemical Engineering January 2017

Table of Contents for the Digital Edition of Chemical Engineering January 2017
