Latest News: Business
Evonik acquires share in JeNaCell
Evonik Industries AG (Essen, Germany; www.evonik.com) has for the first time acquired shares in a young technology company in Germany via its venture capital arm. The Group invested in JeNaCell GmbH and now holds a minority share in the…
KBR announces two new strategic-business agreements with Bernhard Capital Partners
KBR (Houston; www.kbr.com) has agreed to enter into two new partnerships with Bernhard Capital Partners (BCP). The first agreement will establish a new, equally owned and managed company, Brown & Root Industrial Services. KBR's Industrial Services Americas, part of…
BP starts up world’s largest PTA production unit
BP p.l.c. (London; www.bp.com) celebrated the official startup of the Phase 3 purified terephthalic acid (PTA) plant of Zhuhai Chemical Co., enhancing its position in the purified terephthalic acid market and its longterm commitment in China. BP Zhuhai, in which…
Toyo wins contract for synthetic rubber plant in Indonesia
Toyo Engineering Corp. (Toyo; Chiba, www.toyo-eng.co.jp) and PT. Inti Karya Persada Tehnik (IKPT) have been awarded a contract for a synthetic rubber plant project with a production capacity of 120,000 metric tons per year (m.t./yr) in Cilegon, Java, Indonesia from…
Total starts up lubricants plant in Singapore
Total SA (Paris; www.total.com) has announced the startup of its largest lubricant-oil blending plant in the world, located in Singapore. With a production capacity of 310,000 metric tons per year (m.t./yr) , this new major hub will boost Total’s lubricant…
Porvair Filtration completes Caribou plant expansion
Porvair Filtration Group Ltd. (Fareham, U.K.; www.porvairfiltration.com) has doubled the size of its manufacturing and office space in Caribou and improved its existing building to provide a showcase facility. The expansion will increase manufacturing capacity and add new capabilities…
Titan and Isgec form metal-fabrication joint venture
Isgec Heavy Engineering Ltd. (Yamunanagar, Haryana, India) and Titan Metal Fabricators Inc. (Camarillo, Calif.; www.titanmf.com) have announced the establishment of a new joint venture (JV) manufacturing operation: Isgec Titan Metal Fabricators Pvt. Ltd. Combining the heavy-equipment fabrication expertise demonstrated by…
Showa Denko completes expansion for plastic-based ammonia project
Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has completed the expansion of used-plastic gasification facility at the Kawasaki Plant, and held a ceremony for the completion. As part of its basic chemicals business, SDK is producing ammonia at Kawasaki. SDK…
Umicore and Solvay sell SolviCore JV to Toray
Umicore N.V. (Brussels, Belgium; www.umicore.com) and Solvay S.A. (Brussels, Belgium; www.solvay.com) announced that they have sold their respective 50% stakes in joint venture (JV) SolviCore to Japanese chemical company Toray. Since its inception in 2006, SolviCore has built up a…
BASF to sell stake in SolVin to Solvay
BASF SE (Ludwigshafen, Germany; www.basf.com) is selling its 25% share in the joint venture (JV) SolVin to Solvay S.A. (Brussels, Belgium; www.solvay.com). The transaction will take place on July 1, 2015. Financial details were not disclosed. In addition, BASF…