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Latest News: Business

Novasep invests €10M to reinforce its bioconjugation services

  Novasep (Pompey, France; www.novaseo.com) says it will build a fully integrated Antibody Drug Conjugate (ADC) facility at its Le Mans site in France. The new facility will enable Novasep to complement its current ADC offering with full bio-conjugation services…

Leading economic indicator points to acceleration, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), increased by 0.7 percent in June, followed by a similar gain in May, and an upwardly revised 0.5 percent gain in…

Huntsman Acquires Polyurethane Elastomer Manufacturer Tecnoelastomeri

Huntsman Corporation (The Woodlands, Tex.; www.huntsman.com) announced today that it has completed the acquisition of Tecnoelastomeri, a manufacturer and marketer of methylene diphenyl diisocyanate (MDI) based hot-cast elastomer systems and processing machines, based in Modena, Italy.  2014 sales revenue for…

Petronas selects Axens technologies for Malaysia’s RAPID project

  Petroliam Nasional Berhad (Petronas; Kuala Lumpur, Malaysia; www.petronas.com), Malaysia’s national oil-and-gas company, has selected Axens (Rueil-Malmaison, France; www.axens.net) as a technology provider for Petronas’ Refinery and Petrochemicals Integrated Development (RAPID) project located in Pengerang, Johor, Malaysia. RAPID is part…

Specialty-chemical volumes fall again in May, ACC report says

Specialty chemical market volumes in the U.S. fell by 0.8% in May, continuing a series of declines since December of last year, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).…

BASF inaugurates world-scale acrylic acid complex in Brazil

  BASF SE (Ludwigshafen, Germany; www.basf.com) has inaugurated its world-scale production complex for acrylic acid, butyl acrylate and superabsorbent polymers in Camaçari, Bahia, Brazil. These are the first plants for acrylic acid and superabsorbent polymers in South America. The complex…

Axens selected to provide services for refinery upgrade in Egypt

Assiut Oil Refining Co. (ASORC) of Egypt has selected Axens (Rueil-Malmaison, France www.axens.net) to supply technologies for its refinery-upgrade project, which consist of a new complex for the production of high-octane gasoline. This project aims to satisfying domestic market needs…

DuPont adds nylon capacity in Germany

DuPont’s (Wilmington, Del.; www.dupont.com) Performance Polymers business has increased production capacity of DuPont Zytel PA 66 and PA 6 at its Uentrop facility in Hamm, Germany by 20% to meet growing demand primarily in the global automotive industry.  Lightweight, high-performance…

AkzoNobel and Evonik announce production JV for chlorine/potassium hydroxide solution

AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) and Evonik Industries (Essen, Germany; www.evonik.com) have joined forces to build and operate a new membrane electrolysis facility for potassium hydroxide solution and chlorine in Germany. Start-up is expected by the end of 2017. The…

PPG acquires powder and coatings manufacturer IVC

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has reached a definitive agreement to acquire IVC Industrial Coatings, Inc., a U.S.-based specialty-powder and liquid-coatings manufacturer with 2014 sales of more than $100 million. The transaction is expected to close in the third…