Chemical Engineering July 2021 - 10

Mergers & Acquisitions
Clariant to divest
pigments business
campus and corn-refining operation in Eddyville,
Iowa. The plant is expected to be completed
and begin operating in 2024.
June 14, 2021 - Clariant AG (Muttenz,
Switzerland; www.clariant.com) has reached
definitive agreements for the divestment of
its pigments business to a consortium of
Heubach Group and SK Capital Partners at
an enterprise value of around $900 million
to $950 million. The combined business will
be a global pigments player generating more
than €900 million in annual sales.
Kuraray to divest Calgon Carbon's UV
water-treatment operations to De Nora
June 11, 2021 - Kuraray Co. (Tokyo, Japan;
www.kuraray.co.jp) has announced plans to
divest operations related to ultraviolet (UV)
water-treatment and ballast water treatment
run by its wholly owned subsidiary Calgon
Carbon Corp. The divested operations will be
transferred to De Nora Water Technologies,
LLC (Milan, Italy; www.denora.com).
Equinor to sell petroleum refining
business in Denmark
June 10, 2021 - Equinor Energy ASA (Stavanger,
Norway; www.equinor.com) entered into an
agreement with the Klesch Group for the sale
of its petroleum refining business in Denmark.
The agreement covers the Equinor Refining
Denmark A/S company, which consists
of the Kalundborg refinery and terminal in
the northwest of Zealand, the Hedehusene
terminal near Copenhagen and associated
infrastructure and industrial properties. The
Kalundborg refinery has a production capacity
of up to 5.5 million m.t./yr of oil products.
Eastman to sell rubber additives
assets for $800 million
June 10, 2021 - Eastman Chemical entered
into a definitive agreement with an affiliate of
One Rock Capital Partners, LLC to sell its rubber
additives (including Crystex insoluble sulfur and
Santoflex antidegradants) and other product
lines and related assets and technology of the
global tire additives business of its Additives &
Functional Products segment. The total sale
price is $800 million. The sale is expected
to be completed in the second half of 2021.
Cargill and HELM establish
renewable BDO joint venture
June 8, 2021 - Cargill, Inc. (Minneapolis,
Minn.; www.cargill.com) and chemical marketing
company HELM AG (Hamburg, Germany;
www.helmag.com) are entering into a JV
agreement under which the companies are
investing a combined $300 million to build the
first commercial-scale, renewable 1,4-butanediol
(BDO) facility in the U.S. The new facility will
be located at Cargill's existing biotechnology
10
POET acquires Flint Hills Resources'
biofuel business
June 3, 2021 - POET, LLC (Sioux Falls, S.D.;
www.poet.com) has acquired the bioethanol
assets of Flint Hills Resources, LLC (Wichita, Kan.;
www.fhr.com) in their entirety. This transaction
expands POET's production capacity by 40%.
The acquisition includes six bioprocessing
facilities located in Iowa and Nebraska and
two terminals in Texas and Georgia.
BASF concludes sale of production
plant in Kankakee, Illinois
June 2, 2021 - BASF SE (Ludwigshafen,
Germany; www.basf.com) concluded the sale
of its manufacturing site in Kankakee, Ill. to an
affiliate of private equity firm One Rock Capital
Partners, LLC. The agreement also includes
the associated businesses of vegetable-oilbased
raw-material sterols and vitamin E,
anionic surfactants and esters produced at
the Kankakee site.
Saint-Gobain divests two
glass-processing plants in Germany
June 1, 2021 - Saint-Gobain S.A. (Paris, France;
www.saint-gobain.com) announced the sale
of Saint-Gobain Glassolutions Objekt-Center,
which specializes in glass processing as part of
the Glassolutions network in Germany. This sale
to Munich-based Aequita group involves sites in
Döring Berlin and Radeburg. Aequita purchased
Glassolutions' Netherlands operations in 2019.
Lummus partners with Synthos on
bio-based butadiene technology
June 1, 2021 - Lummus Technology, Inc.
(Houston; www.lummustechnology.com) and
Synthos S.A. (Oswiecim, Poland; www.synthos.
com) are collaborating to commercialize Synthos'
bio-based butadiene technology. The partners
will develop a feasibility study for a 20,000-m.t./
yr bio-based butadiene plant.
Shell sells stake in Deer Park Refinery
to Pemex for $596 million
May 26, 2021 - Shell Oil Co., a subsidiary of
Royal Dutch Shell plc (The Hague, the
Netherlands; www.shell.com), has reached
an agreement for the sale of its interest in
Deer Park Refining Ltd. Partnership, a 5050
JV between Shell Oil and a subsidiary of
Petroleos Mexicanos (Pemex; Mexico City;
www.pemex.com). The transaction will transfer
full ownership of the refinery to Pemex for a
total consideration of $596 million. The refinery
has a crude-oil capacity of 340,000 barrels
per day, processing oil from Mexico, Canada,
the U.S., Africa and South America. n
Mary Page Bailey
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM JULY 2021
http://www.clariant.com http://www.poet.com http://www.fhr.com http://www.kuraray.co.jp http://www.basf.com http://www.denora.com http://www.equinor.com http://www.saint-gobain.com http://www.lummustechnology.com http://www.synthos http://www.shell.com http://www.cargill.com http://www.pemex.com http://www.helmag.com http://WWW.CHEMENGONLINE.COM
Chemical Engineering July 2021

Table of Contents for the Digital Edition of Chemical Engineering July 2021
