The Urethane Blog
October 10, 2019
Zsolt Hernádi, Chairman and C-CEO of Mol Group, Dr. Sami Pelkonen, CEO Chemical & Process Technologies at thyssenkrupp Industrial Solutions, Ferenc Koncz, Member of the Hungarian Parliament, and Mihály Varga, Finance Minister, took part in the foundation stone laying ceremony. (Source: Mol Group)
08. October 2019
Mol and thyssenkrupp: Laying of foundation stone for new polyol complex in Hungary
thyssenkrupp is building an integrated chemical complex in Hungary. The foundation stone for the polyether polyol production facility was laid on 27 September 2019 in Tiszaújváros. The oil and gas company Mol Group is investing a total of EUR 1.2 billion in the new plant complex. It is expected to be commissioned in 2021 and will produce around 200,000 t/y of polyols. The facility will produce polyether polyols using the HPPO process (propylene oxide from hydrogen peroxide) developed by thyssenkrupp and Evonik.
thyssenkrupp is constructing the turnkey plant complex on a roughly 550,000 m2 site (Source: thyssenkrupp Industrial Solutions)
According to Mol Group, it will be the only company in Hungary and the entire Central and Eastern European region with an integrated value chain from crude oil extraction to the production of polyether polyols. The polyol project will provide long-term employment opportunity for 200 people, said the company.
“Today marks an important step for the transformation of the chemical industry in Hungary as well as for the cooperation between Mol and thyssenkrupp,” said Dr. Sami Pelkonen, CEO Chemical & Process Technologies at thyssenkrupp Industrial Solutions. “With its Vision 2030, Mol is pursuing an ambitious growth agenda. We are proud and sustainably committed to support this vision and to contribute with our technologies and know-how to an innovative and sustainable chemical sector.”
“This investment project will make Mol Group one of the most important players in the region’s chemical industry, with Mol being the only Central and Eastern European company to control the entire value chain from crude oil extraction to polyol production,” said Zsolt Hernádi. “Once commissioned in 2021, the plant will further enhance the position of Tiszaújváros in the chemical industry, as the expertise and the new production infrastructure established here may attract additional investors to the area.”
https://molgroup.info
www.thyssenkrupp-industrial-solutions.com
https://www.gupta-verlag.com/news/industry/23341/mol-and-thyssenkrupp-laying-of-foundation-stone-for-new-polyol-complex-in-hungary
October 10, 2019
Zsolt Hernádi, Chairman and C-CEO of Mol Group, Dr. Sami Pelkonen, CEO Chemical & Process Technologies at thyssenkrupp Industrial Solutions, Ferenc Koncz, Member of the Hungarian Parliament, and Mihály Varga, Finance Minister, took part in the foundation stone laying ceremony. (Source: Mol Group)
08. October 2019
Mol and thyssenkrupp: Laying of foundation stone for new polyol complex in Hungary
thyssenkrupp is building an integrated chemical complex in Hungary. The foundation stone for the polyether polyol production facility was laid on 27 September 2019 in Tiszaújváros. The oil and gas company Mol Group is investing a total of EUR 1.2 billion in the new plant complex. It is expected to be commissioned in 2021 and will produce around 200,000 t/y of polyols. The facility will produce polyether polyols using the HPPO process (propylene oxide from hydrogen peroxide) developed by thyssenkrupp and Evonik.
thyssenkrupp is constructing the turnkey plant complex on a roughly 550,000 m2 site (Source: thyssenkrupp Industrial Solutions)
According to Mol Group, it will be the only company in Hungary and the entire Central and Eastern European region with an integrated value chain from crude oil extraction to the production of polyether polyols. The polyol project will provide long-term employment opportunity for 200 people, said the company.
“Today marks an important step for the transformation of the chemical industry in Hungary as well as for the cooperation between Mol and thyssenkrupp,” said Dr. Sami Pelkonen, CEO Chemical & Process Technologies at thyssenkrupp Industrial Solutions. “With its Vision 2030, Mol is pursuing an ambitious growth agenda. We are proud and sustainably committed to support this vision and to contribute with our technologies and know-how to an innovative and sustainable chemical sector.”
“This investment project will make Mol Group one of the most important players in the region’s chemical industry, with Mol being the only Central and Eastern European company to control the entire value chain from crude oil extraction to polyol production,” said Zsolt Hernádi. “Once commissioned in 2021, the plant will further enhance the position of Tiszaújváros in the chemical industry, as the expertise and the new production infrastructure established here may attract additional investors to the area.”
https://molgroup.info
www.thyssenkrupp-industrial-solutions.com
https://www.gupta-verlag.com/news/industry/23341/mol-and-thyssenkrupp-laying-of-foundation-stone-for-new-polyol-complex-in-hungary
October 10, 2019
Saip
Ceresa was talking on the fringes of the CPI meeting held here. He declined to name the clients but said one line was installed in Michigan, the other in South Carolina. ‘I think these are some of the most advanced lines in the US,’ he said.
‘There are some new solutions that are being used for the first time,’ he added.
Looking at the business for cold chain and commercial refrigeration systems in the US, he said: ‘people are positive , the market is growing year after year. This is our best year ever. This is thanks to support from our local agents.’
Saip
Double belt conveyor
https://www.utech-polyurethane.com/news/saip-installs-two-insulation-lines-us?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191009&utm_content=idio-headline2
October 10, 2019
Saip installs two insulation lines in the US
Saip
Ceresa was talking on the fringes of the CPI meeting held here. He declined to name the clients but said one line was installed in Michigan, the other in South Carolina. ‘I think these are some of the most advanced lines in the US,’ he said.
‘There are some new solutions that are being used for the first time,’ he added.
Looking at the business for cold chain and commercial refrigeration systems in the US, he said: ‘people are positive , the market is growing year after year. This is our best year ever. This is thanks to support from our local agents.’
Saip
Double belt conveyor
https://www.utech-polyurethane.com/news/saip-installs-two-insulation-lines-us?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191009&utm_content=idio-headline2
October 10, 2019
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Water Science Technologies | Italmatch | blending and chemicals for the industrial water treatment and oil & gas industries – $75s | 3rd Quarter 2019 |
| DuPont | SK Siltron | silicon carbide – $450v | 3rd Quarter 2019 |
| Cambrian Solutions | Maroon Group (CI Capital) | distribution – $54s | 3rd Quarter 2019 |
| Eco Chemical | U-C Coatings (High Road Capital) | stains and industrial coatings | 3rd Quarter 2019 |
| IdeaPaint | Innovative Chemical Products (Audax) | dry erase coatings | 3rd Quarter 2019 |
| Toronto Research Chemicals | LGC Group | synthetic organic biochemicals used as reference standards | 3rd Quarter 2019 |
| Mallinckrodt | HIG Capital | BioVectra (contract development and manufacturing) – $250v | 3rd Quarter 2019 |
| Edgewater Capital | Ascensus Specialties (Wind Point Partners) | Callery (inorganic chemicals used in the pharmaceutical, agricultural, electronics, polymers and adhesives markets | 3rd Quarter 2019 |
| Fragrance Oils International | Givaudan | perfumery essences and natural herbal extracts for use in the fine fragrance, personal care, air care and household cleaning sectors | 3rd Quarter 2019 |
| Vanseal Corporation | Blue Point Capital | custom molded rubber, plastic and sealing components for the aerospace, defense, automotive, industrial and energy markets | 3rd Quarter 2019
|
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Siluria Technologies | McDermott International | natural gas-to-olefins technology | 3rd Quarter 2019 |
| Welcome Dairy Holdings | New Heritage Capital | dairy flavorings, cheese sauces, seasonings and functional cheese | 3rd Quarter 2019 |
| GEO Specialty Chemicals | CPS Performance Materials (Arsenal Capital) | sale of whole company (specialty chemicals and materials into the coatings, adhesives, medical, water treatment and construction markets) | 3rd Quarter 2019 |
| Bayer | Elanco | animal health – $1,700s/$7,600v | 3rd Quarter 2019 |
| BASF | DIC | global pigments business – €1,000s/€1,150v | 3rd Quarter 2019 |
| The Jordan Company | Altas Partners | Dubois Chemical (cleaners, metalworking fluids, finishing chemicals, lubricants, detergents, sealants, protectants, sanitizers and conditioners) | 3rd Quarter 2019 |
| Epoxies Inc. | Meridian Adhesives (Arsenal Capital) | specialty epoxies, urethanes, silicones and UV curable systems | 3rd Quarter 2019 |
| Stone Coat Countertops | Polytek (Arsenal Capital) | epoxy coating systems, casting systems and related accessories | 3rd Quarter 2019 |
| Chemstar | Ecolab | food safety cleaning and sanitizing products – $40s | 3rd Quarter 2019 |
| PolyOne | SK Capital | Performance Products and Solutions (formulated PVC and polypropylene-based products and contract manufacturing) – $700s/$775v | 3rd Quarter 2019 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Flint Hills | Motiva | Port Arthur TX site | 3rd Quarter 2019 |
| Dow | Altivia | acetone derivatives (ketones and carbinols) | 3rd Quarter 2019 |
| Cambrex | Permira | acquisition of whole company (drug substance, drug product and analytical services) – $532s/$2,400v | 3rd Quarter 2019 |
| Southern Ionics | Chemours | Southern Ionics Minerals (titanium and zirconium mineral sands) | 3rd Quarter 2019 |
| Huntsman | Indorama | chemical intermediates and surfactants – $1,700s/$2,080v | 3rd Quarter 2019 |
| Berry Global Group | Arsenal Capital | Seal For Life Industries (corrosion prevention, waterproofing, and insulation products) – $120s/$328v | 3rd Quarter 2019 |
| PolyCom Industries and Eco Dispersions | Meridian Adhesives (Arsenal Capital) | industrial adhesives and coatings | 3rd Quarter 2019 |
| SI Group | ASK Chemicals | global industrial resins business | 3rd Quarter 2019 |
| DuPont | DDW, The Color House | DuPont Natural Colors | 3rd Quarter 2019 |
| Integrated Polymer Solutions (Industrial Growth Partners) | Arcline Investment Management | polymer components for the aerospace, defense and specialty industrial markets | 3rd Quarter 2019 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Dexmet Corporation (Sverica Capital) | PPG | metal foils and polymers used in aerospace, energy storage and other industries | 3rd Quarter 2019 |
| Quad-C Management | Boulder Scientific | organometallic compounds and custom chemical solutions for the plastics, electronics, defense, pharmaceutical and aerospace industries | 3rd Quarter 2019 |
| Bimax | Gelest | specialty monomers and polymers for use in contact and intraocular lenses, personal care products, coatings and adhesives and other applications | 3rd Quarter 2019 |
| Amsyn | Maroon Group (CI Capital) | distribution of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical and electronics industries | 3rd Quarter 2019 |
| MPD Chemicals | Entegris | advanced materials to the specialty chemical, technology and life science industries – $165v | 3rd Quarter 2019 |
| Primetac Corporation | Akoya Capital and Tecum Capital | distribution of industrial packaging materials | 3rd Quarter 2019 |
| Clariant | Arsenal Capital | health care packaging (desiccant systems and plastic bottles with oxygen-barrier materials) – $138s | 3rd Quarter 2019 |
| Connora Technologies | Aditya Birla | process for recycling epoxy resins | 3rd Quarter 2019 |
| Miami Chemical | Shrieve Chemical | distribution | 3rd Quarter 2019 |
| Omnova | Synthomer | acquisition of whole company (surface treatments, SB paper coatings, coated fabrics) – $770s/$824v | 3rd Quarter 2019 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Paul N. Gardner Company | Altana | physical testing instrumentation and supplies for the coatings market | 3rd Quarter 2019 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=3rd%20Quarter%202019
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