Sunday, May, 26, 2019 12:58:26

APICORP announces $100 million investment in Oman’s Duqm Refinery

The investment will focus on enhancing Oman’s export and regional development. The Arab Petroleum Investments Corporation (APICORP), a multifaceted development bank, has recently announced a $100 million investment to finance the construction of Oman’s Duqm Refinery. Sources close to the matter state that APICORP will …

Saudi Aramco’s Motiva to invest $6.6 billion in Port Arthur expansion

The investment will increase the refinery’s output yield and generate around 4,300 construction jobs Motiva Enterprises LLC, a subsidiary of Saudi Arabia’s state-owned oil company Saudi Aramco, has recently announced plans to invest around $6.6 billion in its Port Arthur refinery, to enhance its petrochemical …

Clariant forms joint venture with Saudi Kayan to evaluate alkoxylates

Clariant and Saudi Kayan have agreed to consider the prospect of forming a joint venture with an objective to establish a manufacturing facility for alkoxylates. The new facility will combine Clariant’s alkoxylates production technology with raw materials of Saudi Kayan. The Swiss specialty chemicals company …

RPM buys Siamons International, expands specialty cleaners portfolio

RPM International Inc. has recently announced that the company’s Rust-Oleum group has acquired the provider of Concrobium mold and mildew control products, Siamons International Inc., reports have confirmed. Apparently, financial terms regarding this transaction, which is anticipated to be accretive to earnings within one year, …

PPG agrees to buy Whitford Worldwide for expanding coatings portfolio

Global coatings, paints and specialty materials supplier PPG has recently announced that it has entered into a definitive agreement for the acquisition of Whitford Worldwide Company, which supplies nonstick and low-friction coatings for consumer products and industrial applications. Financial terms regarding the transaction were not …