Latest News: Business
Solvay signs exclusive license for Revolymer encapsulation technology
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a global license agreement with polymer technology company Revolymer Ltd. (Flintshire, U.K.; www.revolymer.com) to exclusively apply its encapsulation technology to boost the performance of Solvay’s organic peroxide Eureco, which is used in detergents and…
Wood Group to provide automation services for ExxonMobil Gulf Coast projects
Wood Group Mustang’s (Houston; www.mustangeng.com) Automation and Control business unit is providing process control systems detailed engineering, procurement and fabrication services for the multi-billion dollar expansion project by ExxonMobil Chemical Co. (Houston; www.exxonmobilchemical.com) at the Baytown and Mont Belvieu plants…
Clariant completes sale of its energy storage business to Johnson Matthey
Specialty chemical maker Clariant (Muttenz, Switzerland; www.clariant.com) today announced the completion of the sale of its Business Line Energy Storage to Johnson Matthey Plc, which was announced on October 29th,2014. The sale was closed on February 28th 2015. “The divestment…
AkzoNobel breaks ground on alkoxylation facility in Ningbo
AkzoNobel’s (Amsterdam, the Netherlands; www.akzonobel.com) Specialty Chemicals business recently broke ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than €400 million. As well as contributing to AkzoNobel’s position…
Bayer MaterialScience acquires composite materials specialist
Bayer MaterialScience (Leverkusen, Germany; materialscience.bayer.com) has concluded the takeover of Thermoplast Composite GmbH (TCG; Langenfeld, Germany; thermoplast-composite.com), a technology leader specializing in the production of thermoplastic fiber composites. Bayer MaterialScience will use the acquisition to expand its range of products…
Aveva and EMC to deliver integrated solution for capital projects and asset operations
Aveva (Cambridge, U.K.; www.aveva.com) says it has collaborated with EMC Corp.’s Enterprise Content Division to deliver an integrated software solution for the management and control of engineering data and associated documents. Designed for the specific needs of owner operators (OOs)…
Global and U.S. CPRI rose in January, ACC says
The Global Chemical Production Regional Index (Global CPRI) rose in January on a three-month-moving-average basis, as did the U.S. CPRI, the American Chemical Council (ACC; Washington, D.C.; www.americanchemistry.com) said in its latest Weekly Chemistry and Economic Report. ACC’s Global CPRI…
Becht Engineering acquires Cecon
Becht Engineering Co. (Liberty Corner, N.J.; www.becht.com) has announced that it has acquired The Cecon Group (Wilmington, Del.). Terms of the transaction were not announced. Becht Engineering provides engineering consulting services to the energy sector, including oil-and-gas production, refining, petrochemical,…
Victrex to construct U.K. polymer innovation center
Victrex plc (Thornton Cleveleys, U.K.; www.victrex.com), a leader in high-performance polyaryletherketone (PAEK) polymers is planning to increase its global technology leadership with the construction of a major Polymer Innovation Center in northern England. Financial assistance for the project has come…
Air Liquide to build large ASU at Sasol’s Secunda site
Air Liquide (Paris, France; www.airliquide.com) and Sasol Ltd. (Johannesburg, South Africa; www.sasol.co.za) have signed a longterm agreement for the supply of large quantities of industrial gases to Sasol’s Secunda site (around 140 km East of Johannesburg, South Africa). Air Liquide will invest…