Latest News: Business
Mitsui Chem signs exclusive license agreement for lithium-ion-battery safety technology
Mitsui Chemicals Inc.’s (MCI; Tokyo; www.mitsuichem.com) wholly owned subsidiary Taiwan Mitsui Chemicals, Inc. has signed an exclusive license agreement with Industrial Technology Research Institute of Taiwan (ITRI), allowing it to manufacture and distribute ITRI’s STOBA (self-terminated oligomers with hyper-branched architecture)…
Capacity expansion planned for MDI at Huntsman’s Geismar facility
Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) has announced that it has commenced preliminary engineering to expand production of methylene diphenyl diisocyanate (MDI) by investment in a new, world-scale MDI plant at its Geismar, La. site. The 400,000-metric-ton (m.t.) expansion…
Specialty chemical market volumes flat in August, ACC says
Specialty chemical market volumes were flat in the U.S. for August, after gains in June and July, according to the latest weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Of the 28 specialty…
ExxonMobil Chemical expanding hydrocarbon fluid production in Singapore and Antwerp
ExxonMobil Chemical Co. (Houston, Tex.; www.exxonmobilchemical.com) is increasing production of its high-performance hydrocarbon fluids by about 10% through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and…
North America’s largest battery grid-storage installation commissioned by LG Chem
LG Chem (Seoul, South Korea; www.lgchem.com) has successfully delivered and commissioned the largest battery system installed in North America, a 32 MWh battery energy storage system in Tehachapi, Calif. On May 2013, Southern California Edison (SCE) selected LG Chem to…
Bunge and Proterro to commission pilot plant for sucrose production
Biofeedstock company Proterro (Ewing, N.J.; www.proterro.com) and Bunge Global Innovation, LLC, a wholly owned subsidiary of global agribusiness and food company Bunge Limited (White Plains, N.Y.; www.bunge.com), will conduct a pilot study of Proterro’s sucrose-production technology in Brazil. Under a…
ThyssenKrupp Industrial Solutions awarded planning contract for PDH plant in Texas
ThyssenKrupp Industrial Solutions AG (Essen, Germany; www.thyssenkrupp-industrial-solutions.com) is making its Steam Active Reforming (STAR) process available to Formosa Plastics Corp. (FPC) for a propane dehydrogenation (PDH) plant in Texas. The PDH plant is to be built at the petrochemical complex…
Outotec to deliver minerals processing technology to Norilsk Nickel in Russia
Outotec Oyj (Espoo, Finland; www.outotec.com) has signed a contract with Norilsk Nickel for the delivery of minerals processing technology and equipment to the Bystrinskoe copper concentrator in the Chita Region in Russia. The parties do not disclose the contract price,…
Pace of growth slows for leading economic indicator for second consecutive month, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), and released today, continued to see an easing of growth this month, with a 0.1 percent gain over August as measured…
Fluor secures Canadian oil-sands contract
Fluor Corp. (Irving, Tex.; www.fluor.com) was awarded an engineering, procurement, fabrication and construction contract by Fort Hills Energy L.P. for the utilities scope of the Fort Hills oil sands mining project. The project is located about 90 km north of…