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Latest News: Business

Godavari Biorefineries inaugurates ZLD facility in Sakarwadi, India

Godavari Biorefineries Limited (GBL; Mumbai, India; https://somaiya.com) inaugurated its upgraded state of the art set-up “Zero Liquid Discharge” (ZLD) facility at its plant in Sakarwadi, Maharashtra. To attain  ZLD, effluents are subjected to biological treatment, ultra-filtration, reverse osmosis (RO), multiple…

Axchem USA and Novel Industrial Solutions combine for pulp-and-paper chemicals

Axchem USA, Inc. (Greensboro, N.C.; www.axchemgroup.com) and Novel Industrial Solutions LLC (New Albany, Ohio; www.novelindustrial.com) today announced the combination of business operations, assets, people and customer contracts under the Axchem USA brand to offer chemicals and solutions to the pulp-and-paper…

Altivia completes acquisition of Dow’s acetone-derivatives business

Altivia Ketones & Additives, LLC (Houston, Tex.; www.altivia.com) an affiliate of Altivia Petrochemicals, today announced that it acquired Dow's Acetone Derivatives Business and associated chemical manufacturing assets at Institute, W.Va., as well as the Institute Industrial Park. Altivia successfully assumed…

ÅF Pöyry selected as St1’s engineering partner in a new renewable fuel production unit in Sweden

St1 Oy (Helsinki, Finland; www.st1.eu) has awarded ÅF Pöyry ÅF Pöyry (Helsinki, Finland; www.poyry.com) with engineering assignment for a new renewable fuel production unit investment project. The new plant will be built in Gothenburg, Sweden, and is the largest single…

Eriez announces major expansion of its Wager Road Plant in Erie

Eriez (Erie, Pa.: www.eriez.com) has announced a major expansion to its Wager Road facility, located 15 miles from the company’s world headquarters in Erie, Pennsylvania. The company says the expansion will support strategic growth initiatives for repair, testing and global…

Afton Chemical completes multimillion dollar expansion of technology center in Japan

Afton Chemical Corp. (Richmond, Va.; www.aftonchemical.com) announced the completion of its Japan Technology Center expansion in Tsukuba. Jon Heese, City Councilor for Tsukuba, jointly opened the Japan Technology Center with Regina A. Harm, president of Afton Chemical Corp. and Sean…

Kraton to sell its Cariflex polyisoprene business to Daelim

Kraton Corp. (Houston; www.kraton.com) announced that it has agreed to sell its Cariflex polyisoprene business unit to Daelim Industrial Co., Ltd. (Seoul, South Korea; www.daelim.co.kr/) for a purchase price of  $530 million. The transaction is expected to close in the…

Alpek to acquire Lotte PET plant in the U.K.

Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com) announced that one of its subsidiaries has signed an agreement with Lotte Chemical Corp. (Seoul, South Korea; www.lottechem.com) to acquire a100% stake in Lotte Chemical U.K. Ltd., which owns and…

Dow and Evonik join forces to commercialize new propylene glycol synthesis method

Dow (Midland, Mich.; www.dow.com) and Evonik Industries AG (www.evonik.com) have entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity. The basis…

Linde starts up two air-separation units at Taixing Jinyan ethylene oxide facility

Linde plc (Guildford, U.K.; www.linde.com) announced that it started up two plants to supply oxygen and nitrogen to Taixing Jinyan Chemical Technology Co., Ltd. (Taixing Jinyan) to support the production of ethylene oxide. The plants, with total combined production capacity…