Business & Economics
Shale gas investments top $84 billion in U.S., ACC says
As of the end of August, the global chemical industry had invested a total of $84.4 billion in 126 projects connected to the increased availability of shale gas in the U.S., according to a database of industry project announcements maintained…
Teijin Frontier to establish new company in Myanmar
Teijin Frontier Co. (www2.teijin-frontier.com) — the Teijin Group's (Tokyo, Japan; www.teijin.com) fiber-products converting company — announced today that it will establish Teijin Frontier Myanmar Co., Ltd. in Yangon, Myanmar, on October 1 to strengthen Teijin Frontier’s overseas operations and also…
Outotec-Hatch to deliver a technology license for a potential alumina refinery in the UAE
Outotec Oyj (Espoo, Finland; www.outotec.com) and Hatch Ltd. (Mississauga, Ont., Canada; www.hatch.ca), as an unincorporated joint venture, have been awarded a contract by Mubadala and Dubai Aluminium (DUBAL) for the provision of a technology license as well as the basic…
Arkema to construct production plant for refrigerant gas
Arkema (Colombes, France; www.arkema.com) has announced that it is moving forward with the construction of a production plant for low-global-warming-potential (LGWP) refrigerant gas, 1234yf. The plant’s anticipated start-up is in 2016. The 1234yf refrigerant gas will serve the future needs…
Innospec acquires Chemsil Silicones and ChemTec, deepens personal care profile
Innospec Inc. (Littleton, Colo.; www.innospecinc.com) has announced that it has acquired Chemsil Silicones Inc. and the Chemtec Chemical Co., from its private owners. Chemsil develops and markets silicone-based formulations to the personal care industry. Chemtec, which distributes a wide range…
Haldor Topsøe licensing technology to Azerbaijan’s first ammonia-urea complex
The State Oil Company of Azerbaijan (SOCAR) has decided to build the country’s first combined ammonia-urea complex 30 km north of Azerbaijan’s capital Baku. The plant is going to play a very important role for the economy of Azerbaijan in…
Clariant certifies cellulosic-ethanol plant
Clariant (Muttenz, Switzerland; www.clariant.com) has received the International Sustainability & Carbon Certification (ISCC) for its sunliquid demonstration plant in Straubing, Germany, which was opened in July 2012. The certificate confirms that the cellulosic ethanol from agricultural residues produced with the…
A. Schulman acquires thermoplastics manufacturer Perrite for $52 million
A. Schulman, Inc. (Akron, Ohio; www.aschulman.com) has announced the signing of a definitive agreement to acquire The Perrite Group, a thermoplastics manufacturing business with operations in Malaysia, the U.K. and France, for approximately $52 million. The acquisition is expected to…
Solvay and Sadara JV begins construction of H2O2 plant in Saudi Arabia
Saudi Hydrogen Peroxide Co., a newly created joint venture (JV) between Sadara Chemical Co. (Sadara; Jubail Industrial City; Saudi Arabia) and the Solvay Group (Brussels, Belgium; www.solvay.com), announced today that they have begun constructing one of the world's largest hydrogen…
BASF to build new plant for high-performance polyamide, and more business news
Plant Watch Chevron Phillips receives key permits for large Gulf Coast project August 14, 2013 — Chevron Phillips Chemical Company LP (The Woodlands, Tex; www.cpchem.com) has received key permits from the Texas Commission on Environmental Quality, and the U.S. Environmental…