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Latest News: Business

Yara and BASF to build ammonia plant in Freeport

Yara International (Oslo, Norway; www.yara.com) and BASF Group have agreed to build a world scale ammonia plant at BASF’s site in Freeport, Tex. The plant will use hydrogen as raw material, reducing capital expenditures (capex), maintenance and carbon dioxide emissions…

Matheson acquires California-based industrial-gas supplier Sims

Matheson Tri-Gas, Inc. (www.mathesongas.com) has continued its strategic expansion with the acquisition of Sims Welding Supply in Southern California. Sims Welding Supply is a supplier of industrial, specialty and bulk gases, plus welding hard goods, equipment and supplies. Headquartered in…

BASF and Petronas to build 2-EH acid production plant in Malaysia

BASF SE (Ludwigshafen, Germany; www.basf.com) and Petronas Chemicals Group Berhad (PCG; Kuantuan, Malaysia; www.petronaschemicals.com) will build a new world-scale production plant for 2-ethylhexanoic acid (2-EH acid) at the site of their existing joint venture, BASF Petronas Chemicals, in Kuantan, Malaysia…

Honeywell to provide control-systems support for Sasol coal-to-liquids plant

Honeywell (Morristown, N.J.; www.honeywell.com) Process Solutions (HPS) has announced a five-year agreement to provide comprehensive services and support for the control systems of what is said to be the world's largest coal-to-liquids (CTL) plant, Sasol's synthetic fuels and chemicals complex…

Mann+Hummel takes full ownership of membrane manufacturer Microdyn-Nadir

Microdyn-Nadir GmbH (Wiesbaden, Germany; www.microdyn-nadir.de), a membrane and module manufacturer, is now a 100% subsidiary of the filtration specialist Mann+Hummel GmbH (Ludwigsburg, Germany; www.mann-hummel.com). Through the acquisition, both companies consequently follow their joint strategy to grow the water filtration business.…

Key patents granted for Reverdia bio-based succinic acid

Reverdia (www.reverdia.com), a joint venture (JV) between Royal DSM N.V. (Heerlen, The Netherlands; www.dsm.com) and starch-derivatives maker Roquette (Lestrem, France; www.roquette.com), has announced that pivotal patents have been granted to DSM in Europe, Japan and Canada for its innovative yeast-based succinic…

AkzoNobel plans coatings capacity expansion in Indonesia

AkzoNobel Performance Coatings (Amsterdam, the Netherlands; www.akzonobel.com) has announced plans to invest €2.5 million to expand its plant in Cikarang, Indonesia. The investment will add capacity to help meet growing demand for the company’s International brand products, which are supplied…

Uhde Inventa-Fischer wins polyamide 6 contract in Poland

Uhde Inventa-Fischer (Domat/Ems, Switzerland; www.uhde-inventa-fischer.com) has been awarded a major contract from the Polish chemical group Grupa Azoty to build a polyamide 6 plant. The multiline plant will be built at the company's headquarters in Tarnow, Poland, and will have…

MHPS receives order for rehabilitation work at geothermal power plant in the Philippines

Mitsubishi Hitachi Power Systems, Ltd. (MHPS; Yokohama, Japan; www.mhps.com) has received an order from Green Core Geothermal, Inc. (GCGI), a group company of Energy Development Corporation (EDC) of the Philippines, the world leader in geothermal power generation capacity, for rehabilitation…

Total U.S. chemical trade up 3.5% in 2014, ACC report says

Total trade in chemicals, including both imports and exports, in the U.S. expanded 3.5% in 2014, to $388 billion, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The 2014 expansion…