RIYADH (Reuters) -- Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, gave further evidence of a recovery in the sector on Thursday with its first profit rise in ten quarters.
SEOUL (Reuters) -- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth.
MEDINA, Ohio -- RPM International Inc. announced that it has acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair.
Arkema is investing $90 million on its Clear Lake, Texas site to replace existing acrylic acid production units with modern facilities using available technologies.
SINGAPORE -- Linde Gas Singapore, a member of technology company The Linde Group, announced that it has signed a long-term contract to supply methane and hydrogen to Evonik Methionine SEA's second world-scale methionine complex in Singapore (Me6). Linde is already supplying a range of gases to Evonik's first methionine complex in Singapore (Me5) through its on-site gases facility, which began operations in 2014.
SAO PAULO (Reuters) -- GTM Holdings SA, Latin America's No. 1 independent distributor of chemical products, has agreed to pay $172 million for Brazilian peer quantiQ Distribuidora Ltda, in an effort to gain more foothold in the region's biggest country.
Axens announces the successful outcome of its tender offer on the Heurtey Petrochem shares. The results of this offer were published by the Autorité des marchés financiers (the AMF, the French capital market regulator).
DUBAI (Reuters) -- Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company (NPC) was quoted on Saturday as saying.
NEW YORK (Reuters) -- The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the US Energy Information Administration said on Thursday.
(Reuters) -- Marathon Petroleum Corp announced a series of steps to increase its stock price, including the possible separation of its Speedway retail business, amid pressure from hedge fund Elliott Management.