Chemical Engineering May 2022 - 11

Air Products acquires Air Liquide assets
in the U.A.E. and Bahrain
April 14, 2022 - Air Products (Lehigh Valley, Pa.; www.
airproducts.com) has acquired the following businesses
from Air Liquide S.A. (Paris, France; www.airliquide.com):
Air Liquide Emirates for Industrial Gases LLC (Alemir);
and Orca Industrial Gases LLC, which includes liquid
bulk, packaged and specialty gases assets in the U.A.E.
The acquisition also includes Air Liquide's majority share
in Middle East Carbon Dioxide W.L.L. (MECD), a joint
venture (JV) with ALMO Holdings Co., with a liquid-CO2
production facility in Bahrain.
ArcelorMittal acquires stake
in voestalpine's HBI facility in Texas
April 14, 2022 - ArcelorMittal (Luxembourg; www.
arcelormittal.com) signed an agreement with voestalpine
AG (Linz, Austria; www.voestalpine.com) to acquire an
80% shareholding in voestalpine's hot briquetted iron
(HBI) plant in Corpus Christi, Tex. The transaction, under
which voestalpine will retain the remaining 20% stake in
the plant, values the Corpus Christi operations at $1 billion.
The plant, which was opened in October 2016, is one
of the largest of its kind in the world, with a capacity of
around 2 million m.t./yr of HBI.
Olin and Mitsui establish
JV for electrochemical derivatives
April 4, 2022 - Olin Corp. (Clayton, Mo.; www.olin.com) and
Mitsui & Co., Ltd. (Tokyo; www.mitsui.com) will establish a
joint venture (JV) focused on the companies' electrochemical
derivative unit portfolios with initial focus on globally traded
caustic soda and ethylene dichloride. The parties expect
to commence operation of the JV later this year.
PPG to divest selected
business activities in Africa
April 4, 2022 - PPG (Pittsburgh, Pa.; www.ppg.com) has
agreed to divest certain business activities in Senegal,
Ivory Coast, Cameroon, Gabon and Algeria to Océinde,
an industrial group based in Réunion, France. Océinde
has a range of business activities throughout Europe, the
Indian Ocean region and Africa.
MOL Group acquires plastics
recycling company ReMat
April 1, 2022 - MOL Group (Budapest, Hungary; www.
molgroup.info) acquired ReMat Zrt., a plastics recycler with
production plants located in Tiszaújváros and Rakamaz,
Hungary, and a logistics hub in Bratislava, Slovakia. ReMat
is a leading recycler in Hungary, with a processing capacity
of 25,000 m.t./yr.
Braskem and Sojitz form JV for
bio-based MEG and MPG
March 25, 2022 - Braskem S.A. (Sao Paulo, Brazil;
www.braskem.com) and Sojitz Corp. (Tokyo; www.sojitz.
com) formed a JV focused on bio-based monoethylene
glycol (MEG) and bio-based monopropylene glycol (MPG).
Subject to the conclusion of technology development
in 2022, the business plan includes the construction of
three industrial units, with the startup of the first plant
expected in 2025.
■
Mary Page Bailey
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
For details visit adlinks.chemengonline.com/82581-06

http://adlinks.chemengonline.com/82581-06 http://www.airproducts.com http://www.airproducts.com http://www.airliquide.com http://www.arcelormittal.com http://www.arcelormittal.com http://www.voestalpine.com http://www.olin.com http://www.mitsui.com http://www.ppg.com http://www.molgroup.info http://www.molgroup.info http://www.braskem.com http://www.sojitz.com http://WWW.CHEMENGONLINE.COM

Chemical Engineering May 2022

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