Chemical Engineering July 2023 - 13

Elkem acquires carbon-materials
manufacturer VUM
June 12, 2023 - Elkem ASA (Oslo, Norway;
www.elkem.com) has acquired VUM,
a Slovak producer of carbon materials
for industrial smelters, including anode
paste, electrode paste and ramming
paste, as well as recarburizers. Elkem
expects the acquisition to contribute
an additional turnover of around
NOK 360 million ($34 million) per year.
VUM operates a plant located near
Žiar nad Hronom, Slovakia. VUM also
has a calcining technology with rotarykiln
furnaces, which adds flexibility to
handle different raw materials.
Sumitomo acquires sulfuric acid
company in the U.S.
June 8, 2023 - Sumitomo Corporation
of Americas (SCOA), together with its
parent, Sumitomo Corporation Japan
(Tokyo, Japan; www.sumitomocorp.
com) announced its acquisition of
Saconix LLC (Roswell, Ga.), a company
engaged in the procurement, sale,
storage and distribution of sulfuric
acid in the U.S., mainly in the U.S. Gulf
Coast and western regions.
Chemours to sell its
glycolic acid business
June 2, 2023 - The Chemours Co.
(Wilmington, Del.; www.chemours.com)
has entered into a definitive agreement
to sell its glycolic acid business for $137
million to PureTech Scientific Inc. With
this acquisition, PureTech Scientific is
positioning itself to become a global
leader in organic synthesis of ultrahigh-purity
alpha hydroxy acids for the
life sciences and specialty chemical
industries. The transaction is expected
to close by the third quarter of 2023,
subject to regulatory approvals.
Carbios and Indorama Ventures
form biorecycling JV
June 1, 2023 - Carbios (St-Beauzire,
France; www.carbios.fr) and Indorama
Ventures Ltd. (Bangkok, Thailand; www.
indoramaventures.com) plan to form a
joint venture (JV) for the construction
of the world's first PET biorecycling
plant in France. The project is to be
located at Indorama Ventures' existing
PET plant at Longlaville, with expected
start of construction by the end of 2023
and targeted commissioning in 2025.
Air Products to acquire industrial
gas complex in Uzbekistan
May 30, 2023 - Air Products (Lehigh
Valley, Pa.; www.airproducts.com)
signed an investment agreement to
acquire, own and operate a natural
gas-to-syngas processing facility in
Qashqadaryo Province, Uzbekistan for
$1 billion. The natural-gas-to-syngas
industrial complex is an integral part
of state-owned energy company
Uzbekneftegaz JSC's multi-billion gasto-liquid
(GTL) facility that produces
1.5 million m.t./yr of synthetic fuels.
Lummus acquires water-treatment
assets from Siemens Energy
May 24, 2023 - Lummus Technology
LLC (Houston; www.lummustechnology.
com) has reached an agreement
with Siemens Energy AG (Munich,
Germany;
www.siemens-energy.
com) to acquire assets from its water
solutions portfolio. The technologies
address water and wastewater needs
of the oil-and-gas industry using carbon
adsorption, biological treatment,
hydrothermal processes and more. ■
Mary Page Bailey
For details visit adlinks.chemengonline.com/84649-07
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
JULY 2023
13

http://www.elkem.com http://www.chemours.com http://www.airproducts.com http://www.lummustechnology.com http://www.carbios.fr http://www.lummustechnology.com http://www.indoramaventures.com http://www.indoramaventures.com http://www.siemens-energy.com http://www.sumitomocorp.com http://www.siemens-energy.com http://www.sumitomocorp.com http://adlinks.chemengonline.com/84649-07 http://WWW.CHEMENGONLINE.COM

Chemical Engineering July 2023

Table of Contents for the Digital Edition of Chemical Engineering July 2023