BASF to merge paper, water chemicals business with Solenis


BASF SE and Solenis have signed an agreement to join forces by combining their paper wet-end and water chemicals businesses. The goal is to create a customer-focused global solutions provider for the industry. For the paper industry, the product portfolio of the combined enterprise will cover the entire range of functional and process wet-end chemicals, solutions for the water cycle for paper mills, as well as comprehensive service capabilities. For the water treatment industry, the customers of the joint organization will benefit from Solenis’ high-quality service capabilities and BASF’s broad water treatment chemicals platform. Read more

 

Enterprise Products Partners LP (EPD), Western Gas Partners LP (WES) and DCP Midstream LP (DCP) announced a binding open season for additional capacity on the front range pipeline (front range). The front range transports mixed natural gas liquids (NGL) from the Denver-Julesburg (DJ) Basin in Weld County, Colorado to Skellytown, Texas in Carson County. During the open season, the partners expect to expand front range by 100,000 barrels per day (bpd) to a total capacity of approximately 250,000 bpd. Enterprise will be responsible for constructing the expansion, which will consist of additional pump stations along the 435-mile route. Read more

 

Ineos Styrolution said that its Luran S KR 2864C styrenic grade has been selected by a leading global car manufacturer for a windscreen A pillar body trim. This represents the first commercial application of Luran S KR 2864C with the new ColorForm technology. Luran S KR 2864C is a high-grade polymer with enhanced heat resistance and the best chemical resistance among the ASA grades. It is already well-known – particularly in the automotive industry – for its high UV-stability and excellent processability. Automobile component manufacturers will find that Luran S KR 2864C processed with the ColorForm technology. Read more

 

Bayer Group said that it has sold 28.81 million shares representing a 14.2 percent interest in Covestro AG at a price of €75.50 per share. The proceeds of this sale totalled €2.2 billion. Bayer AG now holds just 6.8 percent of Covestro shares to repay the exchangeable bond that matures in 2020. BofA Merrill Lynch and JP Morgan acted as joint bookrunners. “We very successfully concluded the selling process for this largest placement of Covestro shares. The proceeds from the sale are higher than expected. Read more

 

Advertisements