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Latest News: Business

Sibur merges BOPP film and polymers businesses; names new leadership

Sibur's (Moscow; www.sibur.com) subsidiary Biaxplen, Russia's largest producer of biaxially-oriented polypropylene (BOPP) film, has been integrated into the company's Basic Polymers Division. The facilities operated by the Division produce polypropylene, the main feedstock for BOPP film. The integration will ensure leaner…

Mitsui to sell stake in Brazil-based bioethanol JV to Dow

Mitsui & Co., Ltd. (Tokyo; www.mitsui.com) has reached an agreement to sell its entire stake in its Brazil-based associated company, Santa Vitória Açúcar e Álcool Ltda (SVAA), to The Dow Chemical Company (Midland, Mich.; www.dow.com) for approximately $200 million. The…

Haldor Topsøe joins consortium to build Tanzania’s first fertilizer plant

A consortium comprising Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com), Ferrostaal Industrial Projects GmbH (Essen, Germany; www.ferrostaal.com) and Fauji Fertilizer Company Ltd., has entered into a joint venture (JV) for the first fertilizer plant in Tanzania with Tanzania Petroleum Development Corp.…

EuroChem to acquire Oklahoma-based fertilizer business Ben-Trei

EuroChem Group AG (Zug, Switzerland; www.eurochemgroup.com) has announced that its subsidiary, EuroChem Trading USA, has completed the acquisition of Ben-Trei Fertilizer Company, a U.S.-based fertilizer distributor. This transaction will allow EuroChem to benefit from Ben-Trei’s established relationships with local customers…

Technip to provide process technology for PTTGC ethane cracker in Ohio

Technip (Paris, France; www.technip.com) has entered into a contract to supply its proprietary ethylene technology and process-design package to PTTGC America LLC (PTTGCA), a subsidiary of PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, for a grassroots ethane…

Endress+Hauser expands flowmeter production plant in France

The Endress+Hauser Group’s (Reinach, Switzerland; www.endress.com) Flowtec, a manufacturer of flowmeter technology, has expanded its Cernay plant in Alsace, France to take advantage of this growth. “By adding 10,000 square meters of production space, we are strengthening the Cernay location…

Shin-Etsu announces silicones investments in Japan, Thailand and New Jersey

Shin-Etsu Chemical Co. (Tokyo, Japan; www.shinetsu.co.jp) announced plans to expand its silicones business, one of its main businesses, by implementing facility investments in Japan totaling ¥20 billion. The objective of the new facility investments in Shin-Etsu's silicones business is to…

New senior leadership appointed at Calgon Carbon Corp.

Calgon Carbon Corporation (Pittsburgh, Pa., www.calgon.com) has announced new senior leadership appointments and operating divisions, effective January 1, 2016. This announcement follows the recent retirement decision of Executive Vice President and Chief Operating Officer, Bob O’Brien. The newly created operating…

Elevance elects new CEO, Tony Parnell

Elevance Renewable Sciences, Inc. (Woodbridge, Ill.; www.elevance.com),  a  company that creates novel specialty chemicals from natural oils, has announced that its Board of Directors has appointed Tony Parnell as the company’s Chief Executive Officer. Parnell succeeds K’Lynne Johnson, who has…

Equate to acquire MEGlobal under Dow restructure

The Dow Chemical Company (Midland, Mich.; www.dow.com) has announced a two-phase restructuring plan with the objective of optimizing its participation in various Kuwaiti joint ventures. Under the first phase, EQUATE would acquire MEGlobal, a joint venture between Dow and Petrochemical…