BP plc (London; www.bp.com) announced that it has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company Limited (SECCO) to Gaoqiao Petrochemical Co., a 100% subsidiary of China Petroleum & Chemical Corp. (Sinopec), BP’s joint venture (JV)…
The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that its joint venture (JV) in the Middle East—Sadara Chemical Company (Sadara)—has achieved a significant milestone with the commercialization of Sadara’s entire plastics franchise. The startup of Sadara’s high-pressure low-density polyethylene (LDPE)…
Aker Solutions ASA (Lysaker, Norway; www.akersolutions.com) won strategically important contracts for concept studies for carbon capture at Yara's ammonia plant on Herøya and Norcem's cement production facility in Brevik, Norway. Norcem and Yara are among three companies in the running…
Thierry Le Hénaff, chairman and chief executive officer of Arkema (Colombes, France; www.arkema.com), inaugurated the company’s new specialty molecular sieve capacity at the Honfleur plant. This new plant will enable the group to support its customers’ growth in the refining…
UOP LLC (Des Plaines, Ill.; www.uop.com), a division of Honeywell International Inc., today announced that it has won a contract from Dangote Oil Refinery Company Ltd. for critical equipment, technology licensing and design services for a world-scale integrated petroleum refinery…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has started up a new plant in the Banan District in Chongqing City, western China, to supply China’s highest-generation, most advanced and most efficient TFT-LCD (thin-film transistor liquid crystal display) fab, which is now…
Jacobs Engineering Group Inc. (Dallas, Tex.; www.jacobs.com) has been selected by Lubrizol to provide engineering, procurement and construction (EPC) services for Lubrizol’s new Polyisobutylene (PIB) unit in Deer Park, Texas. Executives from both companies, including Eric Schnur, Lubrizol chairman, president…
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The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) reported that U.S. specialty chemicals market volumes ended the first quarter on a strong note, rising 0.6 percent in March. This follows a similar 0.6 percent gain in February. Volumes have generally…
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), marked the second quarter by posting a robust 5.6 percent year-over-year gain, suggesting continued growth through year-end 2017. The barometer posted…