BASF SE, Ludwigshafen, Germany, and INEOS Industries Holdings Limited, Lyndhurst, UK, have announced their intention 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, as well as copolymer blends, into a new joint venture called Styrolution.
Arkema has announced plans to acquire the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins (Sartomer) businesses of Total’s Specialty Chemicals activities for a EUR 550 million enterprise value.
Royal DSM N.V. announced that it intends to acquire a 51 percent stake in AGI Corp. of Taiwan (AGI) through a subscription for newly to-be-issued shares combined with a public tender offer, subject to AGI corporate approvals and to regulatory and other customary conditions, approvals and notifications.
Celanese Corp. is planning to construct manufacturing facilities in China and the United States to utilize recently developed advanced technology for the production of ethanol for chemical applications and other industrial uses.
Univar Inc., a global chemical distributor, and Basic Chemical Solutions L.L.C. (BCS), a global distributor and trader of commodity chemicals, have signed a definitive agreement.