Saudi Arabia invests $10 billion in South Africa energy industry
In what may seem to a major move in order to kick-start the country’s struggling economy, Saudi Arabia has unveiled its plan to invest a minimum of USD 10 billion in South Africa’s energy sector. ....
KKR-led group plans to acquire LCY Chemical for USD 1.56 billion
KKR & Co. has recently announced that it is taking over a Taipei-listed LCY Chemical Corporation in a USD 1.56 billion stock deal. Reportedly, KKR will pay T$56 ($1.83) per share, that represents ....
Saudi Aramco looks for a stake in SABIC to boost downstream operations
Saudi Aramco, the natural gas giant, has reportedly expressed its intention of acquiring a stake in Saudi Basic Industries Corp. (SABIC), the world’s 4th largest petrochemical firm. The move, if suc....
Axiom Foods wins first patent in China for Oryzatein rice protein
Axiom Foods Inc., a Los Angeles based plant protein manufacturer has recently won its fourth patent for its organic brown rice protein called Oryzatein. Incidentally, the patent is a first for Axiom F....
Solvay, Spirit AeroSystems extend agreement for supply of composites
Chemical giant Solvay has apparently announced an extension of its supply contract with Spirit AeroSystems. The supply agreement had initially been signed for  adhesives and composites used across ....
Doriemus’ Horse Hill test campaign to depict positive results
UK oil firm Doriemus, in its recent announcement has unveiled that it its making rapid progress at its partly-owed Horse Hill oil & gas field and has now completed the “clean-up†phase....
SEC opens bid for power plant work, GE to face competition from rivals
Saudi Arabia, one of General Electric Co.’s largest and valuable customers has recently announced that it is lining up competitors against GE for lucrative power plant work. Sources familiar with th....
Colombia joins the league for zero-deforestation cocoa by 2020
The Colombian government along with cocoa production companies, CompañÃa Nacional de Chocolates and Casa Luker, has been reported to take a pledge to eliminate deforestation that has infamously ....
Peru opens its largest wind farm with 132 MW/day energy potential
Sources at Peru’s Ministry of Energy and Mines (MINEM) confirmed that the country’s largest wind farm, situated in the southern Ica region, was opened for operations on Wednesday. The project ....