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Latest News: Business

Kraton to acquire Arizona Chemical for $1.37 billion

Kraton Performance Polymers, Inc. (Houston; www.kraton.com), a global producer of highly-engineered polymers, announced that it has entered into a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corp. for a cash purchase price…

MHI names leader for newly established Paris-based subsidiary

Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI; www.mhi-global.com) has appointed senior vice president Yoshihiro Shiraiwa to serve as president of Mitsubishi Heavy Industries France S.A.S. (MHIF), a wholly owned subsidiary based in Paris, marking the start of a new…

CAB drops in September, ACC report says

The Chemical Activity Barometer (CAB), a leading economic indicator for the chemical process industries developed by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), dropped in September following a revised decline in August, according to the ACC’s latest Weekly Chemical…

Inovyn to build large-scale potassium hydroxide plant in Belgium

Inovyn (www.inovyn.com), a joint venture between Solvay S.A. (Brussels, Belgium; www.solvay.com) and Ineos Technologies (Rolle, Switzerland; www.ineos.com) announced that it is planning a major investment in a large scale potassium hydroxide (KOH) production facility at its Antwerp/Lillo site, Belgium. This…

ABB signs a MoU with Werum IT solutions

  ABB (Zurich, Switzerland; www.abb.com) has signed a memorandum of understanding (MoU) with leading pharmaceutical MES supplier, Werum IT Solutions GmbH (Lüneburg, Germany; www.werum.com), to collaborate on control system solutions for life science industries. These solutions will enable customers to…

Praxair expands business in Peru with Tecnogas

  Praxair, Inc. (Danbury, Conn.; www.praxair.com) has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Financial terms of the transaction were not disclosed. Tecnogas has been serving customers in Peru for more than…

BASF to build production facility based on Genomatica’s renewable BDO technology

BASF SE (Ludwigshafen, Germany; www.basf.com) and Genomatica (San Diego, Calif.; www.genomatica.com) have expanded the scope of their license agreement for the production of 1,4-butanediol based on renewable feedstock (renewable BDO) using Genomatica’s patented process. The parties added certain countries in Southeast Asia to…

CB&I awarded FEED contract for ethylene cracker project in Texas

  CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Total Petrochemicals & Refining USA, Inc. to provide its proprietary ethylene technology and front-end engineering and design (FEED) services for a proposed new ethane cracker located in Port…

CarboSurf project kicks off to bring new biobased biosurfactants & carbohydrates to the market

  Today, the Bio-Based Industries Joint Undertaking (BBI JU; www.bbi-europe.eu) launched a €6-million project entitled CarboSurf with the aim to develop new processes and solve bottlenecks in the fermentative production of biobased biosurfactants and specialty carbohydrates. The new three-year project…

AkzoNobel to expand Performance Coatings operations in Vietnam

AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has announced plans to invest in its Performance Coatings business in Vietnam. In addition to doubling capacity at its powder coatings facility in Dong Nai, the company also intends to open a new office for…