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Latest News: Business

BP starts up world’s largest PTA production unit

BP p.l.c. (London; www.bp.com) celebrated the official startup of the Phase 3 purified terephthalic acid (PTA) plant of Zhuhai Chemical Co., enhancing its position in the purified terephthalic acid market and its longterm commitment in China. BP Zhuhai, in which…

Toyo wins contract for synthetic rubber plant in Indonesia

Toyo Engineering Corp. (Toyo; Chiba, www.toyo-eng.co.jp) and PT. Inti Karya Persada Tehnik (IKPT) have been awarded a contract for a synthetic rubber plant project with a production capacity of 120,000 metric tons per year (m.t./yr) in Cilegon, Java, Indonesia from…

Total starts up lubricants plant in Singapore

Total SA (Paris; www.total.com) has announced the startup of its largest lubricant-oil blending plant in the world, located in Singapore. With a production capacity of 310,000 metric tons per year (m.t./yr) , this new major hub will boost Total’s lubricant…

Porvair Filtration completes Caribou plant expansion

  Porvair Filtration Group Ltd. (Fareham, U.K.; www.porvairfiltration.com) has doubled the size of its manufacturing and office space in Caribou and improved its existing building to provide a showcase facility. The expansion will increase manufacturing capacity and add new capabilities…

Titan and Isgec form metal-fabrication joint venture

Isgec Heavy Engineering Ltd. (Yamunanagar, Haryana, India) and Titan Metal Fabricators Inc. (Camarillo, Calif.; www.titanmf.com) have announced the establishment of a new joint venture (JV) manufacturing operation: Isgec Titan Metal Fabricators Pvt. Ltd. Combining the heavy-equipment fabrication expertise demonstrated by…

Showa Denko completes expansion for plastic-based ammonia project

Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has completed the expansion of used-plastic gasification facility at the Kawasaki Plant, and held a ceremony for the completion. As part of its basic chemicals business, SDK is producing ammonia at Kawasaki. SDK…

Umicore and Solvay sell SolviCore JV to Toray

Umicore N.V. (Brussels, Belgium; www.umicore.com) and Solvay S.A. (Brussels, Belgium; www.solvay.com) announced that they have sold their respective 50% stakes in joint venture (JV) SolviCore to Japanese chemical company Toray. Since its inception in 2006, SolviCore has built up a…

BASF to sell stake in SolVin to Solvay

  BASF SE (Ludwigshafen, Germany; www.basf.com) is selling its 25% share in the joint venture (JV) SolVin to Solvay S.A. (Brussels, Belgium; www.solvay.com). The transaction will take place on July 1, 2015. Financial details were not disclosed. In addition, BASF…

Sibur announces MTBE expansion project

Sibur (Moscow, Russia; www.sibur.com) has started the preparatory stage of an investment project to ramp up the production of methyl tertiary butyl ether (MTBE), a high-octane petrol additive, at its production site in Togliatti.  The project will see the construction…

PPG completes coatings expansion in Germany

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced the completion of a $5-million expansion at its coatings manufacturing facility in Wuppertal, Germany. The project added equipment to existing buildings on the campus, supporting up to a 35% increase in annual production…