Business & Economics
First Meteor EO/EG process facility starts up in China
Sinopec-SABIC (Tianjin) Petrochemical Co., Ltd (SSTPC), a joint venture between Sinopec and SABIC, relies on Meteor (Most Effective Technology for Ethylene Oxide Reaction) Process from The Dow Chemical Co. (Dow; Midland, Mich.; www.dow.com) to produce ethylene oxide (EO) / ethylene…
Thai Paraxylene to license ExxonMobil’s PxMax technology
ExxonMobil Chemical Technology Licensing LLC (EMCTL) and ExxonMobil Catalyst Technologies LLC (EMCT; www.exxonmobilchemical.com) today announced that Suphon Tubtimcharoon, managing director of Thai Paraxylene Company Ltd. (TPX; www.thaioil.co.th/product/petrochemical_en.php), and Gary T. Schmidt, vice president of EMCTL and President of EMCT, signed…
Outotec Kaldo furnace technology for Boliden
Outotec Oyj (Espoo, Finland; www.outotec.com) has signed a contract with Boliden AB (Stockholm, Sweden; www.boliden.com) for the delivery of Kaldo furnace technology to Boliden’s Rönnskär copper smelter in Sweden. The delivery will be a part of Boliden’s electronic-scrap recycling facility…
Celanese acquires LCP and PCT product lines from DuPont Performance Polymers
Celanese Corp. (Dallas, Tex.; www.celanese.com) today announced that its Advanced Engineered Materials business has completed a transaction to acquire two product lines, DuPont Zenite liquid crystal polymer (LCP) and Thermx polycyclohexylene-dimethylene terephthalate (PCT), from DuPont Performance Polymers. “This acquisition will…
Lanxess and TSRC to create rubber JV in China
Lanxess AG (Leverkusen, Germany; www.lanxess.com) and TSRC Corp. (Taipei, Taiwan www.tsrc.com.tw) will enter into a 50:50 joint venture (JV) in Greater China called Lanxess-TSRC (Nantong) Chemical Industrial Company Ltd. The two companies are jointly investing $50 million in a new plant…
Chemical stock index down 7.6% last week, ACC report says
Concern over the economic crisis in Greece continued to widen and drag stocks down in the U.S. and elsewhere. The S&P 500 Index fell 6.5% last week, while the American Chemistry Council’s (ACC) market capitalization of U.S. basic and specialty…
Topsøe signs contract with Pemex
Pemex Refinacion (Pemex-Refining; Mexico; www.ref.pemex.com) and Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) have signed a contract, which includes the modernization of eight existing diesel hydrotreaters and licensing of one new diesel hydrotreater at the Pemex Tula and Salamanca Refineries in…
DuPont Tate & Lyle Bio Products expanding Bio-PDO production
DuPont Tate & Lyle Bio Products, LLC (Loudon, Tenn), a joint venture between DuPont (www.dupont.com) and Tate & Lyle (www.tateandlyle.com), today announced an expansion to their facility here to increase production of bio-based 1,3 propanediol (Bio-PDO) by 35%. Construction is…
Linde builds ASU in Kazakhstan
The Linde Group (Munich, Germany; www.linde.com) is set to construct a large, state-of-the-art air separation unit (ASU) for ArcelorMittal, the world’s largest steel corporation, at ArcelorMittal’s Temirtau site in Kazakhstan. This plant will be Kazakhstan’s first industrial-scale development with a…
Linde expands gas supply network for ThyssenKrupp Steel Europe
The Linde Group (Munich, Germany; www.linde.com) is set to expand its gas supply network for steel conglomerate ThyssenKrupp Steel Europe at its largest production location in Duisburg, Germany. Under the terms of the agreement, Linde will construct another industrial-scale air…