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Latest News: Business

Covestro sells stake in Dubai-based polyurethane JV

Covestro AG (Leverkusen, Germany) has signed an agreement related to the sale of its 51% share in the joint venture Pearl Covestro Polyurethane Systems FZCO, which operates systems house business in Dubai (United Arab Emirates), to the current co-shareholder Pearl…

U.S. chemical production rose in January, ACC says

The U.S. Chemical Production Regional Index (U.S. CPRI) rose 0.8% in January following a 1.4% gain in December and a 1.1% gain in November, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). During January, chemical output expanded in…

BP and Sabic enter collaboration for advanced plastics recycling

Bp plc (London) and SABIC (Jubail, Saudi Arabia) have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long-established relationship between the two companies…

Enegix Energy to build $5.4 billion green hydrogen facility in Brazil

Enegix Energy (Chadstone, Australia) has unveiled the Base One green hydrogen project in cooperation with the Brazilian State Government of Ceará, representing an investment of $5.4 billion. Under the terms of the MoU, Enegix will set up the world’s largest…

PPG, UDC to expand OLED materials production with new plant in Ireland

Universal Display Corporation (UDC) and PPG (Pittsburgh, Pa.) announced that UDC Ireland Limited and PPG will jointly establish a new manufacturing site in Shannon, Ireland, for the production of UDC’s highly efficient, high-performing UniversalPHOLED materials. The new facility will be…

Milliken acquires German masterbatches manufacturer Zebra-chem

Milliken & Co. (Spartanburg, S.C.) has formally acquired Zebra-chem GmbH, a global chemicals company known for its peroxide and blowing agent masterbatches. With more brands and governments globally setting goals to increase their use of recycled materials, plastics manufacturers are…

Lummus starts up CDAlky unit at Valero’s St. Charles refinery

Lummus Technology (Houston) announced the start-up of its CDAlky C5 alkylation unit at Valero's St. Charles Refinery in Norco, Louisiana. The capacity of the alkylation complex is 17,000 bbl/d of Alkylate product. "The safe and successful start-up demonstrates how Lummus provides…

U.S. specialty chemical markets expand in January, ACC says

The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) reported that U.S. specialty chemicals market volumes rose 1.2% in January, accelerating slightly from a 1.0% gain in December. Of the 28 specialty chemical segments that ACC monitors, 19 expanded in January,…

Phillips 66 and Faradion to collaborate on development of sodium-ion batteries

Phillips 66 (Houston) and Faradion Ltd. (Sheffield, U.K.; www.faradion.co.uk), one of the U.K.-based companies behind the first demonstration of a sodium-ion powered vehicle, have launched a technical collaboration to develop lower-cost and higher-performing anode materials for sodium-ion batteries. Sodium-ion battery…

INEOS Phenol and ENGIE announce hydrogen-power pilot project in Antwerp

For the first time in Belgium, hydrogen will be used in a commercial-scale cogeneration plant designed to generate electricity and heat from natural gas. The aim of the pilot project by INEOS and ENGIE is to replace natural gas with…