Infineum and Entegris, Inc. on Tuesday (11 October) announced the companies have entered into a definitive agreement for Infineum to acquire Entegris’ Pipeline and Industrial Materials business (PIM).
Entegris’ PIM business is part of the company’s Specialty Chemicals and Engineered Materials (SCEM) division and includes the Flowchem, Val-Tex, and Sealweld brands and a broad range of Drag Reducing Agents (DRAs) for pipeline operations.
The transaction is expected to close in the fourth quarter of 2022, subject to receipt of required regulatory approvals and other customary closing conditions.
“We are excited to announce the agreement to acquire Entegris’ Pipeline and Industrial Materials business,” said Trevor Russell, CEO of Infineum.
“This acquisition has a strong strategic fit with the core capabilities of Infineum and is a significant step in Infineum’s transformation into a sustainable world-class specialty chemicals company. We look forward to welcoming our new colleagues to the Infineum team.”
“Drag Reducing Agents (DRA) is an exciting global growth segment, and this addition will expand Infineum’s portfolio of specialty chemicals and deliver long-term value to our shareholders,” added Shee Young Kim, Infineum’s Director of Global Business Growth.
“Infineum’s complementary technology and supply chain capabilities, along with the synergies and dedication we intend to bring to this business, will enable us to provide customers with enhanced levels of innovation and performance reliability, all backed by the Infineum brand.”
Photo credit: Infineum
Published: 12 October, 2022
Ammonia has ‘great promise as a vessel fuel’, and MOL will push ahead with efforts to shift to ammonia as a bunker fuel for net zero emissions ocean-going vessels.
‘We anticipate an improved operating margin thanks to the rise in freight rates and sustained volumes.’
Captain had not informed authorities of the vessel’s arrival and failed to present documents indicating permission to anchor in Malaysia waters.
A total 4.16 million metric tonnes (mt) of bunkers was sold at the republic in July, more than 3.88 million mt posted during July 2019, reports MPA data.
Launches 0.5% sulphur fuel oil and 0.1% sulphur marine gasoil assessments for marine fuels delivered at Zhoushan.
Listing is to create a public platform for which Banle shares can be traded via an established exchange, which is expected to increase its investor base, said SIL.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
Headway will launch a new fuel supply system suitable for alternative bunker fuels such as hydrogen and ammonia; to focus on procurement and construction of carbon capture systems in 2023 following R&D.
Competition for FAME from aviation and road transportation sectors have resulted in some shipowners resorting to adopt more readily available CNSL blends as biofuel for vessels, explains Steve Bee.
