Latest News: Business
Lanxess expands ion-exchange-resin facilities at Leverkusen site
Lanxess AG (Leverkusen, Germany; www.lanxess.com) is expanding its business in Leverkusen with solutions for water treatment. At its largest site worldwide, the company is investing around €10 million in a new production line for weakly acidic cation-exchange resins of the…
John Rolando is named president of Evonik
John Rolando has been named president of Evonik Corporation, effective April 1. Rolando replaces Tom Bates, who is retiring after more than 15 years — the last five as president — at the North American subsidiary of Evonik Industries (Essen,…
Toyo awarded PE-plant contract in Egypt
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) has been jointly awarded with ENPPI, an engineering company under the Egyptian Ministry of Petroleum, a contract to build a 400,000 ton/yr polyethylene (PE) plant as part of Ethydco's petrochemical complex to be…
ACC leading indicator rises for 8th consecutive month
The chemical activity barometer (CAB), a macroeconomic leading indicator developed by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose in March on a three-month-moving-average (3MMA) basis. The March gain is the eighth consecutive monthly gain, and the CAB readings…
Sinopec Sichuan Vinylon Works and Davy announce the acceptance of a methanol plant in China
China Petrochemical International Ltd. (Sinopec International), Sinopec Sichuan Vinylon Works (SVW) and Davy Process Technology (Davy; London, England; www.davyprotech.com), a wholly owned Johnson Matthey subsidiary, are pleased to announce the acceptance of a 771,000 metric ton (m.t.) per year methanol…
ThyssenKrupp to build complete cement plant in Indonesia
ThyssenKrupp Polysius has won a contract from PT Holcim Indonesia Tbk., Jakarta, to build a second cement plant near the town of Tuban on the northern coast of the island of Java. The contract is worth around $250 million and…
Markus Steilemann is appointed head of Bayer’s Polycarbonates business unit
Bayer MaterialScience (Leverkusen, Germany; www.materialscience.bayer.com) has appointed Markus Steilemann as the new head of its Polycarbonates business unit. He succeeds Michael Koenig, who will join the Board of Management of Bayer AG on April 1, 2013. At the same time,…
UOP PDH technology selected by Williams for propylene plant in Canada
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its UOP C3 Oleflex process technology has been selected by Williams (Tulsa, Okla.) to produce propylene, a valuable petrochemical used in plastics production. The selection is the sixth win…
ICIG kicks off €53-million investment at PPC in Thann
PPC (Thann, France; www.ppchemicals.com), a company of WeylChem Group (Frankfurt am Main, Germany; www.weylchem.com), the fine chemicals platform of International Chemical Investors Group (ICIG; Luxembourg), has secured bank financing from Commerzbank for the conversion of the mercury electrolysis plant. The…
Uhde Inventa-Fischer commissions polyamide 6 plant for JSC Grodno Azot PTC Khimvolokno
Uhde Inventa-Fischer (Domat/Ems, Switzerland; www.uhde-inventa-fischer.com) and JSC Grodno Azot PTC Khimvolokno (Belarus) have successfully commissioned a plant for the production of polyamide 6. The multiline plant is located in Grodno, Western Belarus, has a capacity of 91,000 metric tons (m.t.)…