Latest News: Business
Lubrizol increases acrylic emulsion capacity in Belgium
The Lubrizol Corp.’s (Wickliffe, Ohio; www.lubrizol.com) Performance Coatings business announces the addition of new acrylic emulsion capacity at its manufacturing facility in Antwerp, Belgium. The facility manufactures resin technologies for the paint and coatings, graphic arts, engineered paper, textile and…
Sasol commissions first phase of wax expansion project
Sasol Ltd. (Johannesburg, South Africa; www.sasol.co.za) has announced that Phase I of its Fischer-Tropsch Wax Expansion Project (FTWEP) has been successfully commissioned at its Sasolburg Operations in South Africa. “This is a significant milestone and we are very pleased with…
Jacobs awarded EPCM contract for Celanese VAE emulsions plant
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) announced that it was awarded an engineering, procurement and construction management (EPCM) contract from Celanese Corp. (Irving, Tex.; www.celanese.com) for the construction of a vinyl acetate ethylene (VAE) emulsions production plant at Jurong…
Westlake acquires Ineos stake in China-based PVC resin JV
Westlake Chemical Corp. (Houston; www.westlake.com) announced that it has acquired Ineos ChlorVinyls Holdings B.V.'s 35.7% interest in Suzhou Huasu Plastics Co., Ltd. (SHPC), a polyvinyl chloride (PVC) resin and downstream fabrication joint venture (JV) based near Shanghai, China. Westlake now…
Rayonier Advanced Materials and Borregaard form JV for lignin-based products
Rayonier Advanced Materials (RYAM; Jacksonville, Fla.; www.rayonieram.com) announced that it has entered into a non-binding letter of intent with Borregaard ASA (Sarpsborg, Norway ; www.borregaard.com) to form a joint venture (JV) at its site in Fernandina Beach, Fla. for the…
Aveva acquires fabrication software provider FabTrol Systems
Aveva (Cambridge, U.K.; www.aveva.com) announced that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group. The acquisition is expected to complete in late June. FabTrol is a software business, headquartered in Eugene, Ore., with operations in North…
Bayer MaterialScience to be called Covestro
Bayer AG (Leverkusen, Germany; www.bayer.com) has announced that the new name of its MaterialScience business will be Covestro. The name change will be effective on September 1, 2015. Bayer intends to float Covestro on the stock market by mid-2016…
Ashland to divest industrial biocides assets
Ashland Inc. (Covington, Ky.; www.ashland.com) announced that it has signed a definitive agreement to sell the industrial biocides assets within Ashland Specialty Ingredients to Troy Corp., a global leader in microbial control products and performance additives. The transaction is expected…
Mexichem to expand specialty PVC capacity in Germany
Vestolit, a subsidiary of Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) announced today that is moving forward to expand its production of specialty-paste polyvinyl chloride (PVC) in Marl, Germany. Vestolit will build a new production line of 40,000 metric tons/year…
KBR and Exelus sign technology licensing agreement
KBR Inc. (Houston; www.kbr.com) has signed an alliance agreement with Exelus, Inc. (Livingston, N.J.; www.exelusinc.com), a leading developer of green chemical technologies, to allow KBR to exclusively license Exelus' Solid Acid Catalyst (ExSact) for KBR's Solid Acid Alkylation Technology…