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Latest News: Business

Novozymes and Beta Renewables open advanced biofuels facility in Italy

Novozymes (Copenhagen, Denmark; www.novozymes.com), the world’s largest producer of industrial enzymes, and Beta Renewables, a global leader in cellulosic biofuels and part of the Mossi Ghisolfi Group, announced the official opening in Northern Italy of the world’s largest advanced biofuels…

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Air Products plans liquid N2 facility in Texas  

Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced plans to build, own and operate a new liquid nitrogen production facility in West Texas to serve the oil and gas industry in the Permian Basin. The new facility, to have an approximate…

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Solvay to acquire Chemlogics  

As part of its ongoing transformation, Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement to acquire privately-held Chemlogics (Paso Robles, Calif.) for a total cash consideration of $1.345 billion. Adding the U.S.-based company to Solvay's Novecare business unit will…

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Teijin – SK Chemicals JV begins constructing PPS resin plant  

Teijin Ltd. (Tokyo, Japan; www.teijin.co.jp) imited announced today that it has established a joint venture with South Korean chemical producer SK Chemicals to develop and sell polyphenylene sulfide (PPS) resins and compounds in Ulsan, South Korea. Construction of a 12,000-ton/yr…

Ashland Water Technologies and Dorf Ketal enter strategic distribution partnership

Ashland Water Technologies, a commercial unit of Ashland Inc. (Covington, Ken.; www.ashland.com), and Dorf Ketal Chemicals, LLC, a specialty chemicals company serving the downstream refining and petrochemical industries, today announced they have entered a strategic distribution agreement within North America…

Airgas to acquire Encompass Gas Group

Airgas, Inc. (Radnor, Pa.; www.airgas.com), a supplier of industrial, medical, and specialty gases, and related products, today announced that it has reached a definitive agreement to acquire the assets and operations of The Encompass Gas Group, Inc., headquartered in Rockford,…

Nexeo Solutions acquires CSD, strengthens end-market presence

Nexeo Solutions (The Woodlands, Tex.; www.nexeosolutions.com), a chemical distributor, announced that they have entered into an agreement to acquire Chemical Specialists and Development, Inc. (CSD), also known as Startex Chemical. Through this acquisition, Nexeo Solutions expands its capabilities in formula…

Emerson expands storage-tank solution offerings with acquisition of Enardo

Emerson Electric Co. (St. Louis, Mo.; www.emerson.com) announced that it has acquired Enardo LLC, a leader in safety and environmental control equipment for the oil and gas, petrochemical, wastewater, refining and other industries. Enardo, with approximately $65 million in sales…

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B&W begins FEED work for FutureGen 2.0 Carbon Capture Project  

The Babcock & Wilcox Company (B&W; Charlotte, N.C.; www.babcock.com) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed an agreement with the FutureGen Industrial Alliance to perform full front-end engineering and design (FEED)…

Global manufacturing PMI rose in September, ACC says

  The JPMorgan Global Manufacturing Purchasing Manager’s Index (PMI)rose 0.2 points to 51.8, signaling that global manufacturing saw a modest pace of expansion in September, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC;…