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Latest News: Business

BASF and Sanyo Chemical announce strategic collaboration for polyurethane dispersions

BASF SE (Ludwigshafen, Germany) and Sanyo Chemical Industries Ltd. (Kyoto, Japan) signed a Memorandum of Understanding for strategic collaboration for the development of polyurethane dispersions (PUDs). The two parties aim to jointly develop and produce innovative products with strong sustainability…

Versalis to acquire compounding firm Finnproject

Versalis S.p.A. (San Donato Milanese), Eni’s chemical company, announced that it has exercised the call option to buy the remaining 60% of the shares of the Marche-region-based industrial group Finproject, an Italian leader in the compounding sector and in the…

Yara and Kyushu Electric Power announce clean ammonia collaboration in Japan

Yara International ASA (Oslo, Norway) and Kyushu Electric Power Co., Inc (Kyushu), a Japan-based power generation company, have signed a Memorandum of Understanding to collaborate on establishing Clean Ammonia supply chains in Japan to reduce CO2 emission at Kyushu’s thermal power…

Joint working group to explore blue-hydrogen plants in Slovakia

RWE Supply & Trading GmbH is collaborating with EP Infrastructure (EPIF), Eustream, and NAFTA to jointly explore the potential development of state-of-the art blue hydrogen production facilities in eastern Slovakia. To this end the companies have now signed a Memorandum…

Kraton to be acquired by Korean firm DL Chemical

Kraton Corp. (Houston) announced that it has entered into a definitive merger agreement pursuant to which DL Chemical Co., Ltd. (Seoul, South Korea), a subsidiary of DL Holdings Co., Ltd. (formerly Daelim Industrial Co., Ltd.), will acquire 100% of Kraton…

U.S. chemical production fell slightly in August, ACC says

Reflecting hurricane disruptions and supply chain challenges, the U.S. Chemical Production Regional Index (U.S. CPRI) fell 0.3% in August following a 1.1% gain in July and a 3.4% gain in June, according to the American Chemistry Council (ACC; Washington, D.C.;…

GTI launches Veritas, an initiative to measure methane emission reductions

Today, GTI (Des Plaines, Ill.; www.gti.energy) launched Veritas: a GTI Differentiated Gas Measurement and Verification Initiative to accelerate actions that reduce methane leakage from natural gas systems. The effort brings together scientists, academics, environmental organizations, certification organizations, and industry participants…

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Russian petrochemical companies SIBUR and TAIF merge

SIBUR International GmbH (Moscow, Russia; www.sibur-int.com) and TAIF Group (Kazan, Tartarstan, Russia; www.taif.ru) have entered into an agreement finalizing the creation of a combined entity that will leverage the facilities of PJSC SIBUR Holding and create the largest petrochemical company…

Gevo to acquire isobutanol patent slate from Butamax

Gevo, Inc. (Englewood, Colo.) has entered into an asset purchase agreement with Butamax Advanced Biofuels LLC and its affiliate, Danisco US Inc., to acquire certain patents, leaving Gevo as the only entity with full rights to sublicense the entire Gevo/Butamax…

Honeywell and Wood launch technologies for sustainable aviation fuel production

Honeywell International, Inc. (Charlotte, N.C.) and Wood plc (Aberdeen, Scotland) announced a comprehensive package of technologies to support the effort to produce carbon-neutral aviation fuel. When used together, the technologies, which are based on Honeywell’s UOP Ecofining process technology and Wood’s hydrogen plant…