Latest News: Business
U.S. CPRI rises in November, ACC report says
The U.S. Chemical Production Regional Index rose 0.7% in November, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The November gain follows a 0.6% gain in October. “Chemical output remained…
PPG to acquire sealant and adhesive supplier Revocoat
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has announced that it has entered into exclusive negotiations with the Axson Group to acquire Revocoat, a global supplier of sealants, adhesives and damper products for the automotive industry. PPG expects the transaction to…
Fund Energy project to license Ineos PP technology
Ineos Technologies (Rolle, Switzerland; www.ineos.com) has licensed its Innovene PP process for the manufacture of polypropylene (PP) homopolymers, random copolymers and impact copolymers to the Full-Tech (Changzhou) Chemistry & Development Co., a subsidiary of Fund Energy Investment Holdings Co. in…
Rogers acquires circuit-materials producer Arlon
Rogers Corp. (Rogers, Conn.; www.rogerscorp.com), a global leader in engineered materials solutions, has signed a definitive agreement to acquire Arlon, LLC, currently owned by Handy & Harman Ltd., for $157 million, subject to closing and post-closing adjustments. The transaction, which…
Clariant divests Water Treatment business in Latin America
Clariant AG (Muttenz, Switzerland; www.clariant.com) has signed an agreement to divest its Water Treatment business operating in Argentina, Brazil and Colombia to Ecolab Inc. The transaction is subject to certain conditions precedent, as well as regulatory approvals. The Water Treatment…
UOP hydrogen-purification technology selected for a refinery in China
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that PetroChina Guangxi Petrochemical Co. (GXPC) is using UOP process technology to purify hydrogen at a new petroleum-refining complex in Qinzhou, Guangxi Province, China. With support from UOP’s local…
BioNitrogen and Saipem sign EPC agreement
BioNitrogen Holdings Corp. (West Palm Beach, Fla.; www.bionitrogen.com), a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer, has announced that it has signed an agreement with Saipem (Milan, Italy; www.saipem.com), a leader in…
Chevron Phillips to build polyethylene pilot plant in Oklahoma
Chevron Phillips Chemical Co. LP (The Woodlands, Tex.; www.cpchem.com) is pleased to announce plans to build a state-of-the-art polyethylene pilot plant at its research and technology facility in Bartlesville, Okla. The new pilot plant will incorporate Chevron Phillips Chemical’s proprietary…
LyondellBasell names new CEO
LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) has announced that the Supervisory Board has appointed Bhavesh V. "Bob" Patel chief executive officer (CEO), effective January 12, 2015. Patel succeeds James L. Gallogly, who previously announced his plan to retire. "After a rigorous…
Mexichem and Oxy begin construction on Texas ethylene cracker
Ingleside Ethylene, LLC, the 50/50 joint venture between Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) and Occidental Chemical Corporation (OxyChem), has announced that construction of its ethylene cracker at OxyChem’s Ingleside, Tex., complex is underway and the project remains on…