Filtration Group acquires Multisorb Technologies
Group Corp has acquired active packaging technology company Multisorb Technologies. US-based Multisorb is a global provider of sorbent solutions that manage moisture, oxygen, odour and volatile organic compounds for a wide range of packaging formats. Multisorb employs more than 450 people across five facilities in the US and India.
According to a report in Hydrocarbon Processing, SABIC aims to have a significant stake (50%) in OPaL.
Saudi Aramco recently signed an initial deal with India to buy a 50% stake in a planned 1.2 million barrels per day west coast refinery and petrochemical project. To expand its footprint in the world’s third-biggest oil importer, Saudi Arabia is also scouting for a stake in existing major refineries, its energy minister Khalid al-Falih has said.