Latest News: Business
EuroChem to acquire Oklahoma-based fertilizer business Ben-Trei
EuroChem Group AG (Zug, Switzerland; www.eurochemgroup.com) has announced that its subsidiary, EuroChem Trading USA, has completed the acquisition of Ben-Trei Fertilizer Company, a U.S.-based fertilizer distributor. This transaction will allow EuroChem to benefit from Ben-Trei’s established relationships with local customers…
Technip to provide process technology for PTTGC ethane cracker in Ohio
Technip (Paris, France; www.technip.com) has entered into a contract to supply its proprietary ethylene technology and process-design package to PTTGC America LLC (PTTGCA), a subsidiary of PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, for a grassroots ethane…
Endress+Hauser expands flowmeter production plant in France
The Endress+Hauser Group’s (Reinach, Switzerland; www.endress.com) Flowtec, a manufacturer of flowmeter technology, has expanded its Cernay plant in Alsace, France to take advantage of this growth. “By adding 10,000 square meters of production space, we are strengthening the Cernay location…
Shin-Etsu announces silicones investments in Japan, Thailand and New Jersey
Shin-Etsu Chemical Co. (Tokyo, Japan; www.shinetsu.co.jp) announced plans to expand its silicones business, one of its main businesses, by implementing facility investments in Japan totaling ¥20 billion. The objective of the new facility investments in Shin-Etsu's silicones business is to…
New senior leadership appointed at Calgon Carbon Corp.
Calgon Carbon Corporation (Pittsburgh, Pa., www.calgon.com) has announced new senior leadership appointments and operating divisions, effective January 1, 2016. This announcement follows the recent retirement decision of Executive Vice President and Chief Operating Officer, Bob O’Brien. The newly created operating…
Elevance elects new CEO, Tony Parnell
Elevance Renewable Sciences, Inc. (Woodbridge, Ill.; www.elevance.com), a company that creates novel specialty chemicals from natural oils, has announced that its Board of Directors has appointed Tony Parnell as the company’s Chief Executive Officer. Parnell succeeds K’Lynne Johnson, who has…
Equate to acquire MEGlobal under Dow restructure
The Dow Chemical Company (Midland, Mich.; www.dow.com) has announced a two-phase restructuring plan with the objective of optimizing its participation in various Kuwaiti joint ventures. Under the first phase, EQUATE would acquire MEGlobal, a joint venture between Dow and Petrochemical…
KSB Group inaugurates production facility in Georgia
Pump and valve manufacturer KSB Group (Frankenthal, Germany; www.ksb.com) is investing about $75 million in its U.S. site in Grovetown, Ga., of which $40 million are going to the new foundry. Investments in the KSB subsidiary GIW Industries are to…
Air Products wins H2-supply agreement for Pallas’ Texas Project
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has signed a long-term hydrogen-supply agreement with Pallas Nitrogen Texas, LLC. Air Products will supply 44 million std ft3/d of H2 from its existing Gulf Coast Pipeline (GCP) to Pallas. The supply is…
French company DRT announces plans for U.S.-based biorefinery
DRT (Dax, France; www.drt.fr) a specialist in processing rosin and turpentine oil distilled from pine resin, has purchased land in Georgia, which marks the first step of its move across the Atlantic. To meet growing demand from international markets, and…