Europe
ABB obtains Baldor Electric and expands industrial motion presence
ABB will acquire Baldor Electric in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement, ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash.
INEOS and BASF establish global styrenics company called Styrolution
INEOS Industries Holdings and BASF SE intend to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution.
BASF buys CRI/Criterion’s global styrene catalysts business
BASF has signed a purchase agreement to acquire the styrene catalysts business of CRI/Criterion, a wholly owned subsidiary of Shell based in Houston, Texas. Financial details of the transaction are not being disclosed.
Scientists to produce super absorbents from CO2
The German Federal Ministry of Education and Research (BMBF) has pledged €2.2 million in funds for a project by the BASF-supported Catalysis Research Laboratory (CaRLa) and hte AG, a company in which BASF has a majority interest.
Neste Oil's NExBTL renewable diesel receives certification in Germany
Neste Oil has received an International Sustainability & Carbon Certification (ISCC) certificate for the NExBTL renewable diesel produced at the company's Porvoo refinery in Finland.
SABIC opens new polyolefin logistics center in the UK
Saudi Basic Industries Corporation (SABIC) recently opened its polyolefin logistics center in northeast England, which is replacing SABIC’s current logistics center in the UK.
BASF and Gazprom celebrate 20-year partnership
BASF and its oil and gas subsidiary Wintershall commemorated 20 years of German-Russian economic history together with Gazprom at an anniversary event in Berlin.
Aker Midsund delivering separator and scrubber packages for FPSOs
Aker Midsund has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO.
ITT picks up OI and enhances its global analytical instrumentation business
ITT Corp. has completed its previously announced acquisition of OI Corp. for approximately $29 million. OI is a provider of innovative instrumentation for laboratory and environmental testing in the pharmaceutical, petrochemical, power and industrial markets.
Siemens launches new industrial gas turbine in Sweden
On November 18, 2010, Siemens Energy launched a new industrial gas turbine in Finspång, Sweden. With a capacity of 37 MW, the SGT-750 will close a gap in the Siemens industrial gas turbine portfolio, which offers a power range between 5 and 50 MW.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
