Chemical Engineering June 2022 - 11

Mergers & Acquisitions
Evonik outlines strategic plan to
exit Performance Materials sector
May 11, 2022 - As a part of the next
phase of its strategic transformation,
Evonik Industries AG (Essen, Germany;
www.evonik.com) is aligning its portfolio
completely into three divisions: Specialty
Additives, Nutrition & Care and Smart
Materials. Preparations are already
underway to exit of all three businesses
of the Performance Materials unit:
Superabsorbents, Functional Solutions
and Performance Intermediates. Evonik
aims to find new owners or partners
for each of these three businesses in
the course of 2023.
Solvay takes full ownership of
soda ash JV in Wyoming
May 4, 2022 - Solvay S.A. (Brussels,
Belgium) announced the $120-million
acquisition of the 20% minority stake
held by AGC in the companies' soda
ash joint venture (JV) located in Green
River, Wyoming. Solvay and AGC formed
the JV in 1992. The facility, operated
by Solvay, produces soda ash and
sodium bicarbonate from trona.
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Fluidizing Mixers
Sigma Blade Mixers
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Steel & Ceramic Lined Mills
Jars & Jar Rolling Mills
Vacuum Drying
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Danimer and Kemira partner on
bio-based coatings development
May 3 - Danimer Scientific, Inc.
(Bainbridge, Ga.; www.danimerscientific.
com) and Kemira Oyj (Helsinki, Finland;
www.kemira.com) announced a multiyear
license and supply agreement
to commercialize bio-based barrier
coatings for paper and board products
based on polyhydroxyalkanoate (PHA)
biopolymers. The companies will
introduce the new coatings in foodand-beverage
industry applications.
ADNOC to acquire
25% stake in Borealis
May 2, 2022 - Abu Dhabi National
Oil Co. (ADNOC; www.adnoc.ae) and
Mubadala Investment Co. announced
a strategic transaction under which
ADNOC will acquire a 25% shareholding
in Borealis AG (Vienna, Austria; www.
borealisgroup.com) from Mubadala.
Upon completion of the transaction,
which is subject to customary closing
conditions and regulatory approvals,
Borealis will be owned 25% by ADNOC
and 75% by OMV AG (Vienna, Austria;
www.omv.com).
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Plug Power and Olin to
create green-hydrogen JV
April 29, 2022 - Plug Power Inc.
(Latham, N.Y.; www.plugpower.
com) and Olin Corp. (Clayton, Mo.;
www.olin.com) are creating a JV to
produce and market green hydrogen
throughout North America. The JV's
first production plant in St. Gabriel,
La. will produce 15 m.t./d of green
hydrogen. The JV is expected to be
operational in 2023.
Baker Hughes acquires CO2capture
firm Mosaic Materials
April 25, 2022 - Baker Hughes Co.
(Houston; www.bakerhughes.com)
has acquired Mosaic Materials Inc.
(Alameda, Calif.) to further develop
and scale its next-generation capture
technology for CO2 reduction from
stationary sources and CO2 removal
from the atmosphere. Mosaic's metalorganic
framework technology is a
proprietary adsorbent material that acts
like a molecular sponge to selectively
capture CO2 across many value chains,
including refining, shipping, steelmaking
and cement manufacturing.
■
Mary Page Bailey
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11
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191
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http://www.danimerscientific.com http://www.plugpower.com http://www.plugpower.com http://www.danimerscientific.com http://www.kemira.com http://www.olin.com http://www.evonik.com http://www.bakerhughes.com http://www.adnoc.ae http://www.borealisgroup.com http://www.borealisgroup.com http://www.omv.com http://adlinks.chemengonline.com/82582-04 http://adlinks.chemengonline.com/82582-05 http://WWW.CHEMENGONLINE.COM

Chemical Engineering June 2022

Table of Contents for the Digital Edition of Chemical Engineering June 2022