Chemical Engineering May 2017 - 15

BASF to sell Bleaching Clay and Mineral
Adsorbents businesses
April 7, 2017 - BASF SE (Ludwigshafen, Germany; www.basf.com)
will sell its Bleaching Clay and Mineral Adsorbents businesses,
currently part of BASF's Global Catalysts division, to EP
Minerals LLC. The transaction is expected to close in the
third quarter of 2017. The divestiture includes a production
site and a clay mine in Mississippi, and the mineral rights
sublease associated with a mine in Arizona.
Butamax acquires ethanol
business in Kansas
April 5, 2017 - Butamax Advanced Biofuels LLC (www.
butamax.com), a 50/50 JV between BP plc (London, U.K.;
www.bp.com) and DuPont (Wilmington, Del.; www.dupont.com)
focused on bio-isobutanol, acquired Nesika Energy, LLC and
its ethanol facility in Scandia, Kansas. Butamax will now start
the detailed engineering work to add bio-isobutanol capacity to
the facility, while continuing to produce ethanol before and after
adding this capacity.
Flowserve to sell Gestra
business to Spirax-Sarco
April 5, 2017 - Flowserve Corp. (Dallas, Tex.; www.
flowserve.com) will sell its Gestra AG business unit to
Spirax-Sarco Engineering plc (Cheltenham, U.K.) for an
enterprise value of €186 million. In addition to Gestra's
core manufacturing facilities in Bremen, Germany, the sale
also includes several other smaller associated businesses.
Flowserve obtained Gestra in 2002. as part of the acquisition
of Invensys Flow Control.
DuPont and FMC announce
pair of divestitures
March 31, 2017 - DuPont agreed to divest a portion of
its Crop Protection business to FMC Corp. (Philadelphia,
Pa.; www.fmc.com), and to acquire substantially all of
FMC's Health & Nutrition business. The transaction,
which is expected to close in the fourth quarter of 2017,
includes consideration to DuPont of $1.6 billion to reflect
the difference in the value of the assets.
Solvay to sell its polyolefin cross-linkable
compounds business
March 30, 2017 - Solvay S.A. (Brussels, Belgium; www.
solvay.com) has signed a definitive agreement to sell its
polyolefin cross-linkable compounds business based in
Roccabianca, Italy to Finproject S.p.A., a manufacturer of
injection-molded foam, polyolefin-based compounds and
polyvinyl chloride compounds. The transaction is expected
to close in the second quarter of 2017. Solvay's polyolefin
cross-linkable compounds are used in applications in the
wire, cable and piping industries.
3M to buy Scott Safety from Johnson
Controls for $2 billion
March 17, 2017 - Johnson Controls (Milwaukee, Wis.; www.
johnsoncontrols.com) will sell its Scott Safety business to 3M Co.
(St. Paul, Minn.; www.3m.com) in a transaction valued at around
$2 billion. Scott Safety is a specialist in several product areas,
including respiratory protection, gas and flame detection and
thermal imaging.
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Chemical Engineering May 2017

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