Contribution By Akshay Kedari
February 5, 2019
The completion of both conceptual as well as basic engineering phases has been done on schedule. The project is valued at around €400 million, which makes it the company’s biggest investment in Germany till date. Evonik Industries AG (Evonik), a renowned German specialty chemicals firm, …
Saudi Aramco, Total ink MoU with Daelim for new petrochemical plant
February 2, 2019
The new plant will mark the Kingdom’s first Polyisobutylene (PIB) plant, construction is expected to begin in February 2019. Global oil and gas giant, Saudi Aramco and partner Total have recently inked a Memorandum of Understanding (MoU) with South Korean petrochemical firm, Daelim to build …
Google Arts & Culture, Stratasys use 3D printing to create artefacts
February 1, 2019
The implementation of 3D printing serves the purpose of enabling historians re-create artefacts physically and digitally, raising accessibility and awareness of historical articles. Reports indicate that Google Arts and Culture is deploying the J750 full color 3D printing system from Stratasys for reconstructing numerous historical …
Saudi Aramco ties up with Axens & TechnipFMC to develop CC2C tech
January 31, 2019
The deal intends to attain commercial readiness for the CC2C™ technology by the year 2021. The technology’s process reportedly generates less emission compared with conventional techniques. Saudi Aramco Technologies, the wholly-owned subsidiary of oil giant Saudi Aramco, has reportedly inked a joint development and collaboration …
Chevron Corp to acquire Texas oil refinery from Brazil’s Petrobras
January 30, 2019
Chevron agreed to purchase the oil refinery in Texas to enable it to handle an incoming flow of shale from its own operations in West Texas. The plant’s current workforce would be becoming Chevron Corp. employees following the successful completion of the transaction. Chevron Corporation …
Volkswagen Group invests $10mn in a battery material research start-up
January 25, 2019
The Volkswagen Group is reported to be investing $10 million in Forge Nano Inc, a U.S. based battery material research start-up, as it looks to reinforce its specialist knowledge in the battery research field. Apparently, Volkswagen, as a partner, would be providing support for the …
Chemetall to acquire Polymer Ventures’s automotive paint business
January 24, 2019
BASF’s Surface Treatment business unit of the Coatings Division, operating under the brand name Chemetall, has reportedly entered into a conclusive agreement with Polymer Ventures Inc., for the acquisition of its automotive paint detackification business. According to sources with the knowledge of the matter, the …
Apollo Global Management nears deal to acquire RPC for over $3.8 Bn
January 23, 2019
Private equity firm Apollo Global Management has made it to the headlines regarding its advanced level acquisition discussions with the RPC Group, Europe’s biggest plastic packaging maker, for over $3.8 billion. As per trusted sources, RPC has extended the deadline to 23 Jan for Apollo …