Latest News: Business
Dow and Ube form JV to manufacture electrolytes for Li-ion batteries
The Dow Chemical Co. (Midland, Mich.; www.dow.com) and Ube Industries, Ltd. (Ube; Tokyo, Japan; www.ube-ind.co.jp) have agreed to form a joint venture (JV) to manufacture and market formulated electrolytes for lithium-ion batteries (LIBs) in energy storage applications. The 50-50 JV,…
Axens and Gentas to build catalyst manufacturing plant in Saudi Arabia
Axens (Rueil-Malmaison, France; www.axens.net) and General Technology & Systems Company Ltd. (Gentas) of the Shoaibi Group (www.shoaibigroup.com), announced today they have signed a Letter of Intent to build a world-scale hydroprocessing catalyst production plant in Saudi Arabia. The plant will…
UOP’s MTO technology selected in China to produce chemicals
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that China’s Wison (Nanjing) Clean Energy Company Ltd. has selected UOP technology to convert methanol into building blocks for chemical products at an existing coal chemical complex in China.…
Ube licenses lithium-ion battery technology to ATL
Ube Industries, Ltd. (Ube; Tokyo, Japan; www.ube-ind.co.jp) has reached agreement with Amperex Technology Ltd. (ATL; Hong Kong; www.atlbattery.com) to license several Ube-owned patents on lithium-ion rechargeable batteries and electrolytes to ATL. The agreement will serve to strengthen the business relationship between…
Eaton to acquire E. Begerow
Diversified industrial manufacturer Eaton Corporation (Cleveland, Ohio; www.eaton.com) today announced it has agreed to acquire E. Begerow GmbH & Co. KG (Langenlonsheim, Germany; www.begerow.com), a leading system provider for advanced liquid-filtration solutions. E. Begerow develops and produces technologically innovative filter…
Global chemical industry output expected to grow, ACC mid-year report says
Total output for the global chemical industry is expected to grow by 4.8% in 2011, 5.3% in 2012, and 4.7% in 2013, according to forecasts in the mid-year economic report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). In…
Outotec to deliver the world’s largest iron-ore pelletizing plant in Brazil
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Samarco Mineração S.A. on a turnkey delivery of the world's largest iron-ore pelletizing plant in Brazil. The contract value is approximately €200 million, which will be booked in Outotec's second quarter order…
Topsøe to supply WSA sulphuric-acid-production plant in Peru
Procesadora Industrial Río Seco S.A., Cia. De Minas Buenaventura, wholly owned chemical subsidiary, and Haldor Topsøe (Lyngby, Denmark; www.topsoe.com) have signed a contract for supply of a Wet gas Sulphuric Acid (WSA) plant for production of sulphuric acid at a…
Thomas Wessel to succeed Ralf Blauth on Evonik’s executive board
Thomas Wessel has been appointed to the executive board of Evonik Industries AG (Essen, Germany; www.evonik.com) as chief human resources officer effective September 1, 2011. Wessel is currently a member of the board of management and chief human resources officer…
Samsung Engineering inks HDPE petrochemical contract from OPaL
Samsung Engineering (Seoul, Korea; www.samsungengineering.co.kr) has signed a high-density polyethylene plant (HDPE) order contract for $229 million from OPaL (ONGC Petro Additions Ltd. ), a subsidiary of India s national oil company ONGC (Oil & Natural Gas Corporation Ltd.). The…