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Latest News: Business

Dow to purchase Beaumont aniline facility from Chemours

The Chemours Co. (Wilmington, Del.; www.chemours.com) has signed a definitive agreement to sell its aniline facility in Beaumont, Tex. to The Dow Chemical Company (Midland, Mich.; www.dow.com) for approximately $140 million in cash. The transaction close is subject to customary…

Clariant expands Louisville site with relocation of Air Purification Catalyst operations

Clariant (Muttenz, Switzerland; www.clariant.com) announced the relocation of its Air Purification Catalyst production to Louisville, Kentucky from Needham, Massachusetts. Clariant’s Air Purification Market Segment, which focuses on reducing or eliminating harmful industrial emissions, has products that mitigate the effects of pollutants: for…

Mitsui Chemicals to expand production capacity of breathable films in Thailand

Mitsui Chemicals Inc. (MCI; Tokyo; www.mitsuichem.com) announced the augmentation of manufacturing facilities for breathable films at its wholly owned Mitsui Hygiene Materials (Thailand) Co., Ltd., a manufacturer and distributor of non-wovens and breathable films for use in premium diapers, to…

Chemours breaks ground on world-scale production plant for HFO-1336mzz

The Chemours Co. (Wilmington, Del.; www.chemours.com) announced that, along with its partner Changshu 3F Zhonghao, it has broken ground on the world's first full-scale production facility for HFO-1336mzz in Changshu, Jiangsu Province, China. This site, expected to begin production mid-year…

Air Liquide to acquire Airgas for $13.4 billion

Air Liquide (Paris, France; www.airliquide.com) has reached an agreement to acquire Airgas, Inc. (Radnor, Pa.; www.airgas.com) in a game-changing combination that strengthens Air Liquide’s global leadership position, offers new opportunities to Airgas’ customers and delivers significant value to shareholders. Combining…

Joule and Red Rock Biofuels announce merger plans

Joule Unlimited (Bedford, Mass.; www.jouleunlimited.com), the pioneer of liquid fuels from recycled CO2, and Red Rock Biofuels LLC (Fort Collins, Colo.; www.redrockbio.com), a leading developer of renewable jet and diesel fuel biorefineries, today announced their intent to merge. Red Rock…

Technip awarded contract for a hydrogen plant in Montana

  Technip (Paris, France; www.technip.com) was awarded a significant contract by CHS Inc. to provide proprietary technology and engineering, procurement and construction (EPC) for a 40,000-Nm3/h grassroots hydrogen plant at the CHS Refinery in Laurel, Montana. The plant is part…

MHPS receives order for gas turbine and generator from Korea Petrochemical

  Mitsubishi Hitachi Power Systems, Ltd. (MHPS; Yokohama, Japan; www.mhps.com) has received an order for a gas-fired H-25 gas turbine and a generator from Korea Petrochemical Ind. Co., (KPIC). The turbine and generator will be installed in an in-house power…

PTTGC selects Ineos process technology for U.S. polyethylene plant

Ineos Technologies (Rolle, Switzerland; www.ineos.com) has licensed its Innovene S process for the manufacture of medium-density and high-density polyethylene to PTTGC America LLC, an affiliate of PTT, Thailand’s largest petrochemical and refining company, at its new cracker complex to be…

Indorama to acquire selected Cepsa assets in Spain

Indorama Ventures Public Co. Ltd. (IVL; Bangkok, Thailand; www.indorama.net) has signed an agreement to purchase the purified isopthalic acid (PIA), polyethylene terephthalate (PET) and purified terephthalic acid (PTA) business of Compañía Española de Petróleos S.A.U. (CEPSA Spain) in Guadarranque-San Roque,…