Latest News: Business
Pentair enhances equipment-protection services with recent acquisition
Pentair plc (Manchester, U.K.; www.pentair.com) announced that it has signed an agreement to purchase Steinhauer Elektromaschinen AG (www.steinhauer.de), a producer of enclosure machining and related technologies. The planned acquisition will further enhance Pentair’s brand of Hoffman equipment-protection solutions by expanding…
Neste Jacobs to implement tall-oil-rosin production facility in Sweden
Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and SunPine (www.sunpine.se) have signed an agreement for Neste Jacobs to perform engineering, procurement and construction management (EPCM) services to construct a tall-oil-rosin production facility in Piteå, Sweden. The facility is expected to be…
Chemical-industry leading economic indicator rose in November, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), logged a 0.2% gain this month, following an upward revision in October which reflected zero growth, as measured on a three-month…
Lubrizol to acquire Warwick Chemicals
The Lubrizol Corporation (Wickliffe, Ohio; www.lubrizol.com) has signed an agreement to purchase Warwick Chemicals (North Wales, U.K.), a global developer, producer and supplier of stain-removal technology with hygiene benefits. This acquisition will complement Lubrizol's existing home-care product line, strengthening its…
Gevo to provide renewable isobutanol process technology to Florida plant
Gevo, Inc. (Englewood, Colo.; www.gevo.com) has announced that Highlands EnviroFuels, LLC has signed a letter of intent to become a Gevo licensee to produce renewable isobutanol. Highlands will build a commercial-scale syrup mill in Highlands County, Fla., which would have…
ICL Industrial Products completes startup of polymeric-flame-retardant plant
ICL Industrial Products (ICL IP; Tel Aviv, Israel), a segment of ICL (www.icl-group.com) says that it has successfully completed the chemical process start-up of a new manufacturing facility in Israel for the production of FR-122P, ICL IP’s new polymeric flame…
BASF divests omega-3 production plant in Norway to Marine Ingredients
BASF SE (Ludwigshafen, Germany; www.basf.com) has signed a definitive agreement to sell its manufacturing facility for natural fish oils, medium-concentrated omega-3s, and customized bottled fish oil in Brattvåg, Norway, to Marine Ingredients, a leading manufacturer of quality marine-based ingredients and…
U.S. CPRI expands again in October, ACC report says
The U.S. Chemical Production Regional Index (U.S. CPRI) expanded again in October by 0.6%, matching its gain from September, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Chemical output remained…
Verdezyne to produce bio-based diacids at newly announced Malaysian facility
Verdezyne Inc. (Carlsbad, Calif.; www.verdezyne.com) will build a commercial-scale renewable chemicals plant in a biotechnology industrial park in Nusajaya, Malaysia. Through an agreement with Malaysian Bio-XCell Sdn Bhd (Nusajaya, Malaysia; www.bio-xcell.my), construction will commence in 2015. The plant is designed…
Neste Jacobs to implement Norilsk Nickel LNG station in Finland
Technology, engineering and project management company Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) will perform Project Management, Engineering, Procurement and Construction Management services to construct Norilsk Nickel LNG Station in Harjavalta, Finland. Neste Jacobs will carry out the project during the…