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Latest News: Business

Fluor completes Shell’s Quest carbon-capture project in Alberta

  Fluor Corp. (Irving, Tex.; www.fluor.com) has completed the construction of Shell’s Quest carbon capture and storage (CCS) project near Fort Saskatchewan, Alberta, Canada. The completion was recognized at the Shell Quest carbon-capture and storage startup celebration today at the…

Chemical equities up strongly in October, ACC report says

The S&P index for chemical companies rose strongly in October, by 15.0%, outpacing gains in the benchmark S&P 500 Index, which rose 8.3% in October. The numbers are included in the latest Weekly Chemistry and Economic Report from the American…

Oxiteno announces a new alkoxylation unit in Texas

Oxiteno (São Paulo, Brazil; www.oxiteno.com) a leader in the production of surfactants and specialty chemicals in Latin America, owned by Ultrapar multibusiness company, announced today the expansion of its operations in the U.S. The company is constructing a new alkoxylation…

BASF starts up production plant for specialty amines in Ludwigshafen

  BASF SE (Ludwigshafen, Germany; www.basf.com) has started up a world-scale plant for the production of specialty amines. The multi-product plant can manufacture approximately 12,000 metric tons per year of a product range of about 15 amines for different applications.…

Lanxess subsidiary expands custom-manufacturing production lines in Leverkusen

  Specialty chemicals company Lanxess AG (Cologne, Germany; www.lanxess.com) is investing around 60 million euros in the expansion of the Leverkusen production facilities of Saltigo GmbH — a leading supplier in the field of exclusive synthesis. The biggest single investment…

Versalis and KBR enter into an agreement for styrenics technology licensing

Versalis (Eni S.p.A.; Rome, Italy; www.eni.com), a producer in the polymers and elastomers industry, and KBR, Inc. (Houston; www.kbr.com), a global technology, engineering, procurement and construction company,  have entered into a cooperation agreement for KBR to license Versalis' proprietary ethylbenzene…

DuPont to merge packaging and performance polymers businesses

DuPont (Wilmington, Del.; www.dupont.com) announced the consolidation of its DuPont Packaging & Industrial Polymers business with its DuPont Performance Polymers business, as well as the consolidation of the DuPont Protection Technologies business with the DuPont Building Innovations business.  Both consolidations…

Williams moves forward on Alberta propane-dehydrogenation facility

The Williams Companies, Inc. (co.williams.com; Tulsa, Okla.;) announced that it is proceeding to the next phase of development with its planned propane-dehydrogenation (PDH) facility located near Edmonton, Alberta, Canada. The plant will have a capacity of 525,000 metric tons per…

Evonik to increase PEEK production capacity in China

Due to increasing global demand for high-performance polymers Evonik’s (Essen, Germany; www.evonik.com) Resource Efficiency Segment is significantly expanding its production capacity for polyetheretherketone (PEEK) at the Changchun (China) site. In addition, the innovation pipeline is being continually expanded with new…

Lanxess to expand production capacity for membrane elements at Bitterfeld, Germany site

Lanxess AG (Cologne, Germany; www.lanxess.com) has announced plans for a capacity expansion for the production of membrane elements. The Lewabrane product range comprises membrane elements for brackish water and seawater treatment that boast a long service life, a good permeate…