Latest News: Business
Hoerbiger acquires IEP Technologies
Effective September 1, 2015, Hoerbiger Group (Zug, Switzerland; www.hoerbiger.com) will acquire internationally renowned explosion protection specialist IEP Technologies, LLC (Marlborough, Mass. ; www.ieptechnologies.com) from Sentinel Capital Partners (New York, N.Y.; www.sentinelpartners.com). This acquisition will make Hoerbiger one of the…
UOP to contribute technology for refinery expansion in Egypt
UOP LLC (Des Plaines, Ill; www.uop.com), a Honeywell company, announced that Egypt’s Alexandria National Refining & Petrochemicals Company (ANRPC) will use UOP technology and equipment as part of a $300-million, multi-year project to expand an existing, state-of-the-art gasoline production facility…
AkzoNobel announces plans for U.K. coating resins pilot plant
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) is to invest more than €1.3 million to build a pilot plant for coating resins at its Performance Coatings site located in Felling, UK. The state-of-the-art facility will provide resin samples for product testing and…
Bayer MaterialScience now operating as Covestro
One of the world’s leading polymer materials suppliers has a new identity. From September 1, 2015 Bayer MaterialScience is operating under the Covestro name. The company is now legally and economically independent, but will remain a 100 percent subsidiary of…
Camfil APC names new executive vice president
Camfil Air Pollution Control (APC; Jonesboro, Ark.; www.camfilapc.com) , a global manufacturer of dust, mist and fume collection equipment, reports that Christian Debus has been appointed as the new executive vice president in charge of worldwide operations. He will be…
Evonik opens new C4 plants with innovative technology in Marl
Evonik Industries AG (Essen, Germany; www.evonik.com) has started up new production plants for C4-based products in the Marl Chemical Park, Germany. These were formally opened today in the presence of Hannelore Kraft, Minister-President of North Rhine-Westphalia, and Klaus Engel,…
Haldor Topsoe acquires unique furnace monitoring technology
Haldor Topsoe A/S (Lyngby, Denmark, www.topsoe.com) has signed an agreement with Increase Performance Inc. to acquire full ownership of the Furnace Manager Technology. The acquisition will be an important expansion of the technology and service offering to Topsoe’s global…
Amec Foster Wheeler awarded Dung Quat refinery contract
Amec Foster Wheeler (London, U.K.; www.amecfw.com) was awarded a front end engineering design (FEED) contract by Binh Son Refining and Petrochemical Company Ltd (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), for their Dung Quat…
Myriant names new CEO
The board of directors of Myriant Corp. (Quincy, Mass.; www.myriant.com) an affiliate of PTT Global Chemical Public Company Limited (PTTGC), announced that Cenan Ozmeral will retire as Myriant's president and chief executive officer. Dr. Ozmeral will continue to serve as…
BASF begins production of MDI at Chongqing plant
BASF SE (Ludwigshafen, Germany; www.basf.com) has begun its first production of diphenylmethane diisocyanate (MDI) at its wholly-owned site in Chongqing, China. Production will be ramped up gradually in line with market demand. MDI is an important component for polyurethanes –…