Latest News: Business
Chemical stock index down 7.6% last week, ACC report says
Concern over the economic crisis in Greece continued to widen and drag stocks down in the U.S. and elsewhere. The S&P 500 Index fell 6.5% last week, while the American Chemistry Council’s (ACC) market capitalization of U.S. basic and specialty…
Topsøe signs contract with Pemex
Pemex Refinacion (Pemex-Refining; Mexico; www.ref.pemex.com) and Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) have signed a contract, which includes the modernization of eight existing diesel hydrotreaters and licensing of one new diesel hydrotreater at the Pemex Tula and Salamanca Refineries in…
DuPont Tate & Lyle Bio Products expanding Bio-PDO production
DuPont Tate & Lyle Bio Products, LLC (Loudon, Tenn), a joint venture between DuPont (www.dupont.com) and Tate & Lyle (www.tateandlyle.com), today announced an expansion to their facility here to increase production of bio-based 1,3 propanediol (Bio-PDO) by 35%. Construction is…
Linde builds ASU in Kazakhstan
The Linde Group (Munich, Germany; www.linde.com) is set to construct a large, state-of-the-art air separation unit (ASU) for ArcelorMittal, the world’s largest steel corporation, at ArcelorMittal’s Temirtau site in Kazakhstan. This plant will be Kazakhstan’s first industrial-scale development with a…
Linde expands gas supply network for ThyssenKrupp Steel Europe
The Linde Group (Munich, Germany; www.linde.com) is set to expand its gas supply network for steel conglomerate ThyssenKrupp Steel Europe at its largest production location in Duisburg, Germany. Under the terms of the agreement, Linde will construct another industrial-scale air…
Solvay commissions new NaHCO3 plant in U.S.
Solvay S.A. (Brussels, Belgium; www.solvay.com) announces today that its American affiliate Solvay Chemicals, Inc. has commissioned and brought online one of the world’s only dedicated manufacturing facilities that reclaims and transforms sodium carbonate waste streams from processed trona into a marketable…
Inauguration of world’s largest ethane cracker
Total S.A. (Paris. France; www.total.com) announces the inauguration of the world’s largest olefin cracker based on ethane in Ras Laffan, Qatar. With a production capacity of 1.3 million tons of ethylene per year, the Ras Laffan Olefin Cracker (RLOC) will feed…
Messer secures supply of CO2 in Vietnam
Industrial gases specialist Messer Group GmbH (Sulzbach/Frankfurt, Germany; www.messergroup.com) has signed a contract that secures access to a CO2 source in the southern Vietnamese province of Binh Phuoc. Messer will receive 200 metric tons (m.t.) of raw carbon dioxide per…
DSM Biologics plans biopharmaceutical manufacturing in Australia
DSM Biologics, a business unit of DSM Pharmaceutical Products (Parsippany, N.J.; www.dsmpharmaceuticalproducts.com) has signed a preliminary agreement to enter a partnership with the Australian Governments (Queensland State Government and the Commonwealth of Australia) to design, build and operate the first…
Outotec acquires Edmeston
Outotec Oyj (Espoo, Finland; www.outotec.com) has acquired all shares in Edmeston AB (Gothenburg Sweden; www.edmeston.com), a company specializing in sulfuric acid production equipment and systems. The transaction is subject to completion of confirmatory due diligence, and it is expected to…