Latest News: Business
Messer buys gas business of Air Liquide in Hungary
On 15 September 2015, the Hungarian subsidiary of Messer Group (Bad Soden, Germany; www.messergroup.com) signed a purchase contract with Air Liquide Eastern Europe S.A. to buy 100% of the shares in Air Liquide Hungary Ipari Gáztermelő Kft. Messer Hungarogáz…
Praxair to acquire CO2 business of Yara
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has signed an agreement to acquire Yara International ASA’s (Yara) European CO2 business. The proposed transaction also includes Praxair’s acquisition of Yara’s remaining 34% stake in the Yara Praxair Holding AS industrial gas joint…
Amec Foster Wheeler awarded contract for Louisiana methanol plant
Amec Foster Wheeler (London, U.K.; www.amecfw.com) announced the award of a contract by Yuhuang Chemical Inc. (YCI), a U.S.-based subsidiary of Shandong Yuhuang Chemical Company Co. (SYCC), for its first major project in the U.S., a world-scale methanol facility on…
Solvay inaugurates sodium bicarbonate plant in Thailand
Solvay S.A. (Brussels, Belgium; www.solvay.com) inaugurated a new sodium bicarbonate plant based in Thailand to meet growing demand for high-quality products, in healthcare, food and other consumer goods markets throughout Asia. Located on Solvay's existing site in Map Ta Phut…
Total to use Eni’s slurry technology for converting heavy feedstocks
Eni S.p.A. (Rome; www.eni.it) and Total S.A. (Paris, France; www.total.com) have entered into a special license and R&D cooperation agreement for Eni Slurry Technology (EST) and started to work together to evaluate and tailor the technology to Total’s requirements. Eni Slurry…
BP to license purified terephthalic acid process technology to Ningxia Baota
BP plc (London; www.bp.com) and Ningxia Baota Chemical Fibre Co. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest-generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota…
Pepperl+Fuchs acquires a leading provider of HART protocol devices
Pepperl+Fuchs GmbH (Mannheim, Germany; www.pepperl-fuchs.com) has acquired MACTek Corp. (Twinsburg, Ohio; www.mactekcorp.com), a leading provider of HART protocol devices. The move is part of Pepperl+Fuch´s strategy to further extend its integrated solutions offerings and strengthen its position in the…
Composite leading indicator suggest mixed economic trends, ACC report says
The Organization for Economic Cooperation and Development (OECD; Paris; www.oecd.org) released its composite leading indicator (CLI) for July, and the results, discussed in the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), suggest…
Technip to provide EPC services for Unipetrol HDPE plant
Technip (Paris, France; www.technip.com) was awarded a contract by Unipetrol a.s. (Prague, Czech Republic; www.unipetrol.cz), covering the engineering, procurement and construction (EPC) of a new polyethylene plant (called PE3) in the complex located in Litvinov, Czech Republic. The contract was…
Milliken acquires performance-fabrics producer Springfield LLC
Milliken & Co. (Spartanburg, S.C.; www.milliken.com) announced its acquisition of Springfield LLC, a manufacturer of technical, performance and flame-resistant (FR) fabrics for the safety apparel, fire service, military and occupational markets. Springfield is based in Jericho, N.Y. with offices in…