Latest News: Business
Veolia acquires Dutch polypropylene recycler
Veolia (Paris, France; www.veolia.com) has signed and closed the acquisition of Dutch company AKG Kunststof Groep, a European market leader in the field of recycling and compounding of polypropylene. With this acquisition, Veolia boosts its development in the field of…
A step forward for construction of a methanol/DME plant in Trinidad and Tobago
Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corp. (MC) and Mitsubishi Heavy Industries, Ltd. (MHI) have reached a final investment decision (FID) for the construction of a methanol and dimethyl ether (DME) plant to be constructed in Trinidad and…
Fluor awarded front-end contract for petrochemical complex in Ohio
Fluor Corp. (Irving, Tex.; www.fluor.com) says that PTT Global Chemical Public Co. (PTTGC) has selected a Fluor-led team to perform front-end engineering and design work for its proposed petrochemical complex in Belmont County, Ohio. The team includes Fluor, Technip…
Tosoh to expand production capacity for zirconia powder at two sites
Tosoh Corp. (Tokyo; www.tosoh.com) is increasing its zirconia powder production capacity at its Nanyo and Yokkaichi Complexes by approximately 30% in response to growing global demand, particularly for dental and decorative applications. The investment for this expansion is estimated to…
Perstorp acquires biodiesel plant in Norway
Perstorp Holding AB (Malmö, Sweden; www.perstorp.com) has announced intent to acquire an existing biodiesel plant in Fredrikstad, Norway. "We have ambitious growth plans for biofuels, now and in the future, and we see how the demand will increase to meet…
BP licenses PTA process technology in Oman
BP plc (London; www.bp.com) and Oman International Petrichemical Industries Co. (OMPET), a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Co., have entered into a licensing agreement for BP’s latest-generation purified terephthalic acid (PTA) technology. OMPET…
CB&I awarded contract for LACC Ethane Cracker Project
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded an early works contract by LACC, LLC, a joint venture between Axiall Corp. and Lotte Chemical Corp., to provide additional detailed engineering and early procurement services associated with the proposed LACC…
EuroChem begins construction on $1-billion ammonia plant in Russia
EuroChem (Moscow, Russia; www.eurochem.ru) announced that its subsidiary Phosphorit has commenced the construction of a new high-tech ammonia plant in Kingisepp, Russia. The Kingisepp ammonia plant will have a design capacity of 1 million metric tons per year (m.t./yr). In…
Kemira acquires assets of U.S.-based Soto Industries
Kemira Oyj (Helsinki, Finland; www.kemira.com) has acquired certain assets of Soto Industries, LLC, a privately owned company, headquartered in Charlotte, North Carolina. Soto specializes in the application of scale control products, defoamers, and settling agents for the pulp and paper…
ABB appoints new chief technology officer
ABB (Zurich, Switzerland; www.abb.com) has appointed Bazmi Husain as chief technology officer (CTO), effective January 1, 2016. Husain, an expert in power and automation who has been with ABB for more than 30 years, will report to CEO Ulrich Spiesshofer.…