Latest News: Business
ExxonMobil to sell Torrance refinery to PBF Energy
ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) has reached an agreement with PBF Energy, Inc. for the sale and purchase of its refinery in Torrance, Calif., a lubricants distribution center at Vernon, products terminals at Vernon and Atwood, and associated California pipelines…
Evonik plans to build additional world-scale methionine plant in Singapore
Evonik Industries AG (Essen, Germany; www.evonik.com) has started the planning stage for the construction of an additional world-scale plant complex in Singapore. The facility, which will produce the amino acid DL-methionine for animal nutrition, will have an annual production…
Mitsubishi Polyester Film invests in South Carolina plant expansion
Mitsubishi Polyester Film, Inc. (MPF; www.m-petfilm.com) has announced an investment of $100 million to increase its capacity for biaxially oriented polyester (BOPET) film at its plant in Greer, S.C. The investment will include a new film production line scheduled to…
Kraton to acquire Arizona Chemical for $1.37 billion
Kraton Performance Polymers, Inc. (Houston; www.kraton.com), a global producer of highly-engineered polymers, announced that it has entered into a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corp. for a cash purchase price…
MHI names leader for newly established Paris-based subsidiary
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI; www.mhi-global.com) has appointed senior vice president Yoshihiro Shiraiwa to serve as president of Mitsubishi Heavy Industries France S.A.S. (MHIF), a wholly owned subsidiary based in Paris, marking the start of a new…
CAB drops in September, ACC report says
The Chemical Activity Barometer (CAB), a leading economic indicator for the chemical process industries developed by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), dropped in September following a revised decline in August, according to the ACC’s latest Weekly Chemical…
Inovyn to build large-scale potassium hydroxide plant in Belgium
Inovyn (www.inovyn.com), a joint venture between Solvay S.A. (Brussels, Belgium; www.solvay.com) and Ineos Technologies (Rolle, Switzerland; www.ineos.com) announced that it is planning a major investment in a large scale potassium hydroxide (KOH) production facility at its Antwerp/Lillo site, Belgium. This…
ABB signs a MoU with Werum IT solutions
ABB (Zurich, Switzerland; www.abb.com) has signed a memorandum of understanding (MoU) with leading pharmaceutical MES supplier, Werum IT Solutions GmbH (Lüneburg, Germany; www.werum.com), to collaborate on control system solutions for life science industries. These solutions will enable customers to…
Praxair expands business in Peru with Tecnogas
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Financial terms of the transaction were not disclosed. Tecnogas has been serving customers in Peru for more than…
BASF to build production facility based on Genomatica’s renewable BDO technology
BASF SE (Ludwigshafen, Germany; www.basf.com) and Genomatica (San Diego, Calif.; www.genomatica.com) have expanded the scope of their license agreement for the production of 1,4-butanediol based on renewable feedstock (renewable BDO) using Genomatica’s patented process. The parties added certain countries in Southeast Asia to…