The S&P Chemicals Index, a measure of equity prices for chemical companies, fell 4.0% in December and ended 2015 down 6.3% compared to the beginning of the year, according to the first Weekly Chemistry and Economic Report of 2016, from…
Technip (Paris, France; www.technip.com) was awarded a contract by Air Products (Lehigh Valley, Pa.; www.airproducts.com) to provide technology, engineering and procurement services for a grassroots hydrogen plant in Baytown, Texas. The 3.5 million standard cubic meters per day plant…
Axens North America Inc. (Houston; www.axens.net) has entered into an Asset Purchase Agreement (APA) with Scutter Enterprises, L.L.C. (Chesterfield, Missouri) to purchase assets and technology related to sulfur removal products. Scutter was created in 2009 and specialized in solid…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced that it is increasing precipitated silica production capacity at its Lake Charles, La., manufacturing plant by more than 10,000 metric tons per year (m.t./yr) in response to growing demand. “PPG remains committed to…
Lanxess AG (Cologne, Germany; www.lanxess.com) has started up a second production line for high-performance plastics compounding at its facility in Gastonia, North Carolina, as planned. The new line represents an investment of about $15 million and doubles the site’s production…
The Endress+Hauser Group (Reinach, Switzerland; www.endress.com) is making personnel changes to its Executive Board. Gerhard Jost, a member of the Executive Board, retired at the end of 2015. Manfred Jagiella has joined the Group’s top management panel. On June 1,…
Effective January 4, 2016 Hoerbiger Group (Zug, Switzerland; www.hoerbiger.com) acquired Newson Gale (Nottingham, U.K.; www.newson-gale.com). The privately owned business, of which the majority of shares has been held by the founder Ernest Kochmann and his family while a minority…
CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a contract by Hebei Haiwei Group for the license and basic engineering design of a polypropylene unit to be built in Jingxian, Hebei Province, China. The unit will use…
BP plc (London; www.bp.com) has agreed to sell its petrochemical complex in Decatur, Ala., to Indorama Ventures Public Co., as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The divestment…
Air Liquide (Paris, France; www.airliquide.com) will build and operate a new facility consisting of a carbon dioxide production unit and a cogeneration unit. This investment of around €40 million marks Air Liquide’s entry into the Colombian industrial gas market. The new facility…