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Latest News: Business

Bayer MaterialScience plans capacity expansions in China and Germany

Bayer MaterialScience AG (Leverkusen, Germany; www.materialscience.bayer.de) plans to complete construction next year of a new production facility for hexamethylene diisocyanate (HDI) in Caojing, China, with a planned capacity of 50,000 metric tons per year (m.t./yr). 2016 will also see capacities…

Borealis to divest downstream fertilizer technologies to Casale

Borealis AG (Vienna, Austria; www.borealisgroup.com) has divested a package of fertilizer process technologies and established a new technology partnership with Casale SA (Lugano, Switzerland; www.casale.ch), is a global leader in the design and refurbishment of ammonia methanol and urea plants.…

Algenol biofuels receive EPA approval

Algenol LLC (Ft. Myers, Fla.; www.algenol.com) has announced that the U.S. Environmental Protection Agency (EPA) has approved fuels made from Algenol’s process as an advanced biofuel, meeting the Greenhouse Gas (GHG) reduction requirements under the Renewable Fuel Standard (RFS). Fuels…

Badger Licensing to provide ethylbenzene and styrene technology to Qingdao plant

Badger Licensing LLC (Boston, Mass.; www.badgerlicensing.com) has announced that Qingdao Soda Ash Industrial New Material & Technology Co. has selected Badger’s proprietary technology for a grassroots ethylbenzene/styrene monomer (EB/SM) plant with a capacity of 500,000 metric tons per year (m.t./yr)…

Amec Foster Wheeler awarded syngas-to-liquids project in the U.S.

Amec Foster Wheeler (London, U.K.; www.amecfw.com) has signed an agreement with D’Arcinoff Group, a U.S.-based investment and alternative technology development company, to provide engineering and technical services for an integrated 30,000 barrels per day (bbl/d) syngas-to-liquids facility, known as the…

Albemarle completes Rockwood acquisition

Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) has announced that it has completed its acquisition of Rockwood Holdings, Inc. pursuant to the terms of their previously announced Agreement and Plan of Merger dated as of July 15, 2014. Under the terms…

Dow consortium to establish advanced composites institute

The Dow Chemical Company (Midland, Mich, www.dow.com), in partnership with its joint venture, DowAksa, and a consortium of composites-related businesses, academic leaders and government organizations, is pleased to have been selected by the Obama Administration to establish the Institute for…

Dresser-Rand, Ener-Core to provide cogen technology to Pacific Ethanol plant

Pacific Ethanol, Inc. (Sacramento, Calif.; www.pacificethanol.com), a producer and marketer of low-carbon renewable fuels in the Western U.S., announced its agreement with Dresser-Rand (Houston; www.dresser-rand.com) to install a 3.5-MW cogeneration (cogen) system with gradual oxidizer at its Stockton, Calif. plant…

Sulzer acquires InterWeld to further strengthens its position in service activities

On January 8, Sulzer Ltd. (Winterthur, Switzerland; www.sulzer.com) agreed to acquire the business of InterWeld Inc. Ltd. (Belfast, Northern Ireland), a specialized weld overlay company, offering corrosion and erosion solutions to the power industry, particularly power generation, the oil-and-gas and…

Chemicals equities edge higher in December, despite decline in wider index, ACC says

The S&P index for chemical companies edged higher, by 0.2%, in December, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The gain in chemical stocks came despite a decline in…