Latest News: Business
Ineos takes 50% stake in Sinopec ethane cracker in Tianjin
Ineos (London) and SINOPEC have announced a new Joint Venture (JV) agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million ton ethane cracker,…
Jenike & Johanson’s Dr. John Carson honored for his contributions to Bulk Solids Handling
Dr. John Carson, president emeritus of Jenike & Johanson, the world's leading powder and bulk solids handling company, was honored for his lifetime work at the annual meeting of the American Institute of Chemical Engineers (AIChE). Carson, who cofounded the…
Trillium receives funding for construction of market demonstration unit for bio-based acrylonitrile
Trillium Renewable Chemicals (Knoxville, Tenn.; www.trilliumchemicals.com) announced today it has raised a $10.6M Series A financing round. The first closing totaled $5.5M and was led by Hyosung Advanced Materials Corporation. Current investor Capricorn Partners also participated. HELM AG has agreed…
Global Bioenergies starts up commercial production unit for bio-isobutene
Global Bioenergies (Evry, France) announced that its first commercial production unit is now fully operational. All units (biological isobutene production, purification, condensation and packaging) have been validated and are now in operation. Frédéric Ollivier, Global Bioenergies’ Chief Technical Officer, said:…
ArcelorMittal acquires scrap-metal recycling business in the Netherlands
ArcelorMittal announced that it has acquired Riwald Recycling, a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Transaction signing occurred with closing, which is subject to customary regulatory approvals, expected by the end of January 2023. Riwald Recycling…
Air Liquide signs an agreement to divest its business in Trinidad and Tobago
Air Liquide (Paris) announced that it has signed an agreement to divest its business in Trinidad and Tobago to Massy Gas Products Holding Ltd. (MGPHL). As a consequence of this divestiture, the approximately 30 employees of this business will be…
Nouryon purchases alkoxylation plant in Singapore
Nouryon Amsterdam, the Netherlands) announced that it has expanded its alkoxylation footprint in Southeast Asia through an asset purchase on Jurong Island, Singapore. The acquired plant will enhance Nouryon’s ability to serve growing regional customer demand in key end-markets including…
Johnson Matthey expands formaldehyde plant in Sweden
Johnson Matthey plc (JM; London) has announced the expansion of its manufacturing facility in Perstorp, Sweden, to meet growing demand for formaldehyde – a versatile building block used in various everyday products. The expansion, which will be operational by the…
ExxonMobil doubles polypropylene production at Baton Rouge
ExxonMobil Corp. (Houston) announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana. The unit increases polypropylene production capacity along the Gulf Coast by 450,000 metric tons per year, meeting growing demand…
Axens announces successful startup of ethylene-to-ethanol pilot plant in Japan
Axens (Rueil-Malmaison, France) announced that earlier this year it demonstrated the successful start-up of the first ethanol-to-ethylene pilot plant based on Axens Atol technology with Sumitomo Chemical, which is going on the waste-to-polyolefins project in Japan. At full rollout, this…