EuroChem acquires minority stake in Spanish fertiliser company


EuroChem acquires minority stake in Spanish fertiliser company

ZUG, SWITZERLAND: EuroChem Group AG has acquired a minority interest (50%-1 share) in Hispalense de Liquidos, a family-owned producer of liquid nitrogen, phosphorus, and potassium (NPK) blends in Spain. The deal gives EuroChem access to additional production capability and technical know-how, which will enable the group to expand the scope of its premium product offering. Read more.

HAMBURG, GERMANY: Biesterfeld AG expands its cooperation with ExxonMobil Petroleum & Chemical and distributes Exxtral performance polyolefins in Sweden, Denmark, Norway and Finland. Exxtral polyolefins, a high-performance TPO compound based on polypropylene, supplements perfectly the wide product portfolio of Biesterfeld. Biesterfeld Plastic has been in a long-standing partnership with ExxonMobil for 12 years. It distributes successfully Exxtral TPOs already in Germany, Poland, Austria, Italy, UK and CIS Region. Read more. 

BRUSSELS, BELGIUM: Solvay SA has agreed to sell its 50 percent stake in Dacarto Benvic, to its joint venture partner. The partner will become the sole owner of the Brazilian PVC compound processor. The closing of this transaction is expected end 2017. Read more.

 

 

 

 

 

ETH material scientists have developed a new method of manufacturing ceramics that does not require the starting materials to be fired. Instead, they are compacted under high pressure at room temperature in a significantly more energy-efficient process. The manufacture of cement, bricks, bathroom tiles and porcelain crockery normally requires a great deal of heat: a kiln is used to fire the ceramic materials at temperatures well in excess of 1,000°C. Now, material scientists from ETH Zurich have developed what seems at first glance to be an astonishingly simple method of manufacture that works at room temperature. Read more.

 

Lonza completes acquisition of Capsugelfor $5.5 bn in cashBASEL, SWITZERLAND: Lonza Group has completed the acquisition of Capsugel SA (Capsugel) from KKR & Co, for $5.5 billion in cash, including refinancing of existing Capsugel debt of approximately $2 billion. The acquisition of Capsugel, a world leader in advanced oral dosage delivery technologies with a leading position in hard capsules, is expected to be accretive to Lonza’s core earnings per share in the first full year post closing. Read more. 

 

HOUSTON, US: Enterprise Products Partners LP (EPD) said that it has executed additional long-term contracts to provide transportation services on the Midland to ECHO crude oil pipeline system. The execution of these additional agreements brings total committed volumes on the Midland to Sealy segment of this system to 335,000 barrels per day (bpd), which represents approximately 83 percent of the segment’s ultimate committed capacity of 405,000 bpd. Read more.

Norway has become the first country to become a Contracting State to a key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship. The International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 HNS Convention), when in force, will provide a regime of liability and compensation for damage caused by HNS cargoes transported by sea, complementing existing regimes already in force for the transport of oil as cargo, bunker oil used for the operation and propulsion of ships, the removal of hazardous wrecks and claims for death of or personal injury to passengers, or for damage to their luggage, on ships. Read more.

 

THE WOODLANDS, US: Chicago Bridge & Iron Company (CBI) has been awarded a contract by Venture Global LNG, for engineering, procurement and construction (EPC) of two LNG storage tanks for its Calcasieu Pass export facility, in Southwest Louisiana. The contract is valued at nearly $200 million. Read more.

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