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Latest News: Business

Neste, Idemitsu Kosan, Chimei and Mitsubishi join forces to establish renewable plastics supply chain

Neste Corp. (Espoo, Finland), Idemitsu Kosan, CHIMEI and Mitsubishi Corp. have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste) for the production of styrene monomer (i.e. bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile…

Technip Energies awarded contract for Ineos Olefins’ ethane cracker in Antwerp

Technip Energies (Paris) has been awarded a large contract for the proprietary equipment supply for INEOS Olefins Belgium NV’s 1,450,000 ton/yr ethane cracker in Antwerp, Belgium. This latest award is in line with the company's early engagement strategy and consolidates…

Appalachian Regional Clean Hydrogen Hub adds industry, academic partners

Chemours Co. (Wilmington, Del.) has announced its involvement and support of the Appalachian Regional Clean Hydrogen Hub (ARCH2), in collaboration with West Virginia and an prestigious group of corporate, non-profit, academic, and research partners. In response to the U.S. Infrastructure…

LyondellBasell acquires Colortech da Amazonia

LyondellBasell (Rotterdam, the Netherlands) announced it has acquired Colortech da Amazonia, a manufacturer of color concentrates, additive masterbatches and mineral-filled compounds located in Manaus, Brazil. “As a well-respected producer of masterbatches, compounds and additives in Brazil, Colortech da Amazonia is…

Univation and W.R. Grace technologies selected by Red Sea National Petrochemical Co.

The Red Sea National Petrochemical Co. has selected process technologies from W.R. Grace (Columbia, Md.) and Univation Technologies, LLC (Houston) for a major petrochemicals complex in Egypt. Univation's UNIPOL PE Process has been selected for two reactor lines.  The two…

Fluor awarded contract for procurement and construction of a large biologics plant in Scandinavia

Fluor Corp. (Irving, Tex.) announced that the company has been selected by a leading biologics company to perform procurement and construction management for a large-scale biologics drug substance manufacturing facility located in Scandinavia. Fluor will book the multi-hundred-million-dollar reimbursable contract…

Solvay to increase PPA resin capacity at Augusta, Georgia site

Solvay S.A. (Brussels, Belgium) announced that it is increasing its Amodel polyphthalamide (PPA) resin capacity by 15% at its Augusta manufacturing site in Georgia as a result of operational excellence initiatives. The new capacity facilitates the production of innovative and more sustainable Amodel PPA…

Solenis to acquire paper process chemicals business of KLK Kolb Group

Solenis (Wilmington, Del.) and Kolb Distribution Ltd., a unit of KLK Kolb Group, have announced that Solenis has entered into a definitive agreement to acquire the latter’s paper process chemicals business. The deal includes a long-term supply agreement, in which…

BASF closes divestiture of kaolin minerals business

BASF SE (Ludwigshafen, Germany) closed the divestiture of its kaolin minerals business to KaMin, a global performance minerals company headquartered in Macon, Georgia, United States, following the fulfillment of clearance conditions. The kaolin minerals business has approximately 440 employees, including…

Ingevity starts up expanded production of caprolactone polyols in Louisiana

Ingevity Corp. (North Charleston, W.V.) announced the company has launched new Capa polyols production and produced the first commercial quantities of its high performance caprolactone polyols in the United States (U.S.). The completion of the company’s expansion at its facility…