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Latest News: Business

Primetals Technologies to supply AOD converter and dedusting system to Acroni

  Acroni, d.o.o., a Slovenian steel producer belonging to the Slovenian Steel Group (SIJ), has awarded Primetals Technologies, Ltd. (London, U.K.; www.primemetals.com) an order to supply a new 95 metric ton argon oxygen decarburization (AOD) converter and dedusting system to…

Repsol and Grupo KUO receive approval for Dynasol JV merger

Grupo KUO, S.A.B. de C.V. (Col. Bosques de las Lomas, Mexico; www.kuo.com.mx) has successfully obtained the approval of the antitrust authority in the European Union, regarding the transaction in which Grupo KUO will contribute to Dynasol, 50/50 joint venture (JV)…

Lonza to acquire New Zealand-based crop chemistry company Zelam

Lonza (Basel, Switzerland; www.lonza.com) announced that it has acquired Zelam, a research-focused chemical company based in New Zealand (NZ), which develops and manufactures products for crop protection, specializing in fungicides, insecticides, herbicides, foliar nutrients and additives. Zelam also develops and…

LyondellBasell to acquire polypropylene compounds manufacturer in India

LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) has entered into a definitive agreement for the acquisition of  SJS Plastiblends Pvt. Ltd. (SJS), a polypropylene compounds (PPC) manufacturer, located in Aurangabad, Maharashtra, India. This strategic acquisition will expand LyondellBasell's existing footprint in India…

BioAmber opens world’s largest succinic acid production facility

BioAmber Inc. (Montreal, Canada; www.bio-amber.com) has announced the opening of its BioAmber Sarnia plant that was jointly built with Mitsui & Co., Ltd. The new plant uses innovative biotechnology, and will produce 30,000 metric tons per year (m.t./yr) of biobased…

OriginClear acquires Dallas-based water-treamtent company

OriginClear, Inc. (Loa Angeles, Calif.; www.originclear.com), a leading provider of water-treatment solutions, announced that it has entered into a definitive agreement to acquire 100% of Dallas-based Progressive Water Treatment Inc., (PWT; www.progressivewater.com) for preferred stock that may be converted to…

Enel Energia begins construction on CCHP biomass plant in Italy

Enel Energia (Rome, Italy; www.enel.com) has begun construction of an innovative CCHP (combined cooling, heat and power) mini-biomass plant at the historic Luxottica factory in Agordo, in the Veneto region’s Belluno province. The plant, with a capacity of 199 kWe,…

ExxonMobil to expand production capacity at Beaumont refinery

ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day (bbl/d). This expansion will further strengthen ExxonMobil’s integrated downstream portfolio in Southeast Texas. “This project…

Production of major plastic resins rose in June, ACC says

According to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), production of major plastic resins totaled 6.5 billion pounds during June 2015, up 2.6% compared to June of last year. Year-to-date production was 38.7 billion pounds, a 3.3%…

Messer to build new oxygen-production plant in Estonia

  As part of the joint venture Elme Messer Gaas, Messer, the largest privately owned industrial gases specialist and the second shareholder, the BLRT Grupp, one of the biggest industrial holdings in the Baltic States, have invested around 5 million…