Chemical Engineering October 2020 - 12

Mergers & Acquisitions
DuPont sells its
trichlorosilane business
potential to reduce capital expenditures
and operating expenses.
September 10, 2020 - DuPont
(Wilmington, Del.; www.dupont.
com) has divested its trichlorosilane
(TCS) production business to Hemlock
Semiconductor Operations (HSC). TCS
is the primary raw material used in
producing ultra-pure polysilicon
supplies for the semiconductor and
solar industries. DuPont's TCS business
owns a production facility in Midland,
Mich., which will enable HSC to control
supply and substantially reduce costs.
KBR and JM join forces for new
ammonia-methanol process
September 8, 2020 - KBR, Inc. (Houston.
Tex.; www.kbr.com) and Johnson Matthey
(JM; London, U.K.; www.matthey.com)
have signed an agreement to license a
new ammonia-methanol co-production
process. The co-production process is
based on technologies utilizing KBR's
proprietary Purifier ammonia process
and JM's methanol process, leveraging
possible synergies between the two
processes. The co-production of methanol
and ammonia in a single plant offers the
Ascend completes
acquisition of Italian firms
September 3, 2020 - Ascend
Performance Materials, LLC (Houston;
www.ascendmaterials.com) completed
its acquisition of Italian firms Poliblend
and Esseti Plast. With this purchase,
Ascend expands its portfolio into additional
engineered plastics, recycled resins
and masterbatches. The acquisition
also includes Poliblend Deutschland, a
distribution facility located in Germany.
AkzoNobel acquires Stahl
Performance Powder Coatings
September 2, 2020 - AkzoNobel
(Amsterdam, the Netherlands; www.
akzonobel.com) has completed the
acquisition of Stahl Performance Powder
Coatings and its range of products for
heat-sensitive substrates. The Stahl
technology acquired by AkzoNobel is the
only one of its kind in the powder coatings
industry. It includes both ultraviolet
and thermally curing powders, and
will enable the company to penetrate
the ultra-low cure domain.
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Huntsman sells stake in
Venator for $100 million
August 31, 2020 - Venator Materials
plc (Wynyard, U.K.; www.venator.com)
announced that funds advised by SK
Capital Partners, L.P. have agreed to
purchase approximately 42.5 million
Venator shares, representing just under
40% of Venator's outstanding shares,
from Huntsman Corp. (The Woodlands,
Tex.; www.huntsman.com) for a purchase
price of approximately $100 million.
The transaction is expected to close
near year-end.
Evonik acquires U.S.-based
catalyst specialist Porocel
August 26, 2020 - Evonik is acquiring
Porocel Group (Houston; www.porocel.
com) for $210 million to accelerate
the growth of its catalysts business.
Porocel offers a technology for highly
efficient rejuvenation of desulfurization
catalysts, which are in increasing
demand to produce low-sulfur fuel.
Porocel has production
facilities
in the U.S., Canada, Luxembourg
and Singapore. The transaction is
expected to close by the end of 2020. ■
Mary Page Bailey
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Chemical Engineering October 2020

Table of Contents for the Digital Edition of Chemical Engineering October 2020