Business & Economics
Ingevity to acquire Georgia-Pacific’s pine chemicals business
Ingevity Corp. (North Charleston, S.C.; www.ingevity.com) today announced it has reached an agreement with Georgia-Pacific to acquire Georgia-Pacific’s pine chemicals business for a cash purchase price of $315 million. The acquisition is subject to certain regulatory approvals and other customary…
CE Plant Cost Index updates: June (prelim.) and May (final)
The preliminary value for the June CE Plant Cost Index (CEPCI; most recent available) dipped slightly compared to the previous month’s value, and although the decrease was small, it ends a string of eight straight months of increasing values. All…
Business News August 2017
Plant Watch Arkema invests in capacity expansion for biosourced polyamide 11 July 12, 2017 — Arkema (Colombes, France; www.arkema.com) plans to invest around €300 million over five years in the biosourced polyamide 11 chain, building a new production plant in…
Outsourcing and Offshoring Engineering and Fabrication Activities
Follow these tips to get the most out of these high-risk, high-reward, third-party arrangements Outsourcing is the subcontracting of a business function to an outside entity. The concept of outsourcing was first articulated by David Ricardo, an English economist in…
Global chemical production expands in June, ACC says
The American Chemistry Council’s (Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.4 percent in June. This matches the pace in May, as measured on a three-month moving average (3MMA) basis. During…
Praxair starts up air-separation unit in Nanjing, China
Praxair Inc. (Danbury, Conn.; www.praxair.com) announced it has started up its new air separation plant for Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and Huntsman. Through a long-term contract, the 900-ton-per-day plant will supply…
2017 CEPCI Updates: May (preliminary) and April (final)
The preliminary value for the May CE Plant Cost Index (CEPCI; most recent available) rose compared to the previous month’s value, making it the eighth straight month of increasing values. New data for carbon-steel plates pushed the Equipment subindex…
2017 Nicholas Chopey Scholarship
As a provider of practical information and news for the chemical process industries (CPI) since 1902, Chemical Engineering strives to bring recognition to, and help advance the chemical engineering profession. One way we do this is by offering assistance to…
July 2017 Business News
Plant Watch Ineos announces plans to build new PDH plant, increase ethylene capacity June 12, 2017 — Ineos (Rolle, Switzerland; www.ineos.com) announced plans to construct a propane dehydrogenation (PDH) unit in Europe. The plant will produce 750,000 metric tons per…
Global chemical production rose in May, ACC says
The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.5 percent in May after revised flat performance in April, as measured on a three-month moving average (3MMA) basis.…