Three speciality chemicals companies signed agreements to source more renewable electricity for key sites in February. In Europe, Evonik concluded separate long-term power purchase agreements (PPAs) for solar and wind power, while Arkema signed multiple agreements covering four main sites in the US and Sasol and Air Liquide have concluded a third PPA in South Africa.
Ten major global chemical sector companies have agreed with the World Economic Forum (WEF) to establish what they called “a breakthrough, pre-competitive development platform to accelerate net-zero climate technologies”. They are BASF, Dow, DSM, Solvay, Clariant, Covestro, Mitsubishi Chemical, Air Liquide, Sabic and Sibur.
Air Liquide has entered into exclusive negotiations with EQT, a differentiated global investment firm with over €62 billion in raise capital, for the sale of its Schülke & Mayr subsidiary. The company had announced its intention to sell Schülke & Mayr in November 2019 as part of a strategy of focusing on its core gases and healthcare businesses.
Industrial gases giant Air Liquide and semiconductor producer STMicroelectronics have announced plans to “engage in a collaborative initiative to accelerate the development of digital solutions for industrial applications”. ST is already a customer to Air Liquide for gas, materials and equipment at multiple sites.
