Latest News: Business
PPG to acquire coatings manufacturer Ennis-Flint
PPG (Pittsburgh, Pa.) announced that it has reached a definitive agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The transaction, valued at approximately…
Optitune and Merck sign Agreement on Foldable OLED Displays
Optitune Oy (Oulu, Finland) has developed an ultra-flexible hard coating material with best-in-class optics and durability based on its proprietary siloxane-based technology. Recently, more and more top brands are introducing foldable phones based on large foldable organic light-emitting-diode (OLED) displays.…
hte was chosen by Bechtel for processing refinery waxes to make white petroleum waxes
hte GmbH – the high throughput experimentation company (Heidelberg, Germany) has been selected by Bechtel, a global engineering, construction, and project management company, to produce white petroleum waxes from refinery waxes in hte’s R&D pilot plant. These highly valuable products…
TechnipFMC commences EPC work on new hydrocracking complex in Egypt
TechnipFMC (Houston) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut…
BASF completes new plastic additives plant in Italy
BASF SE (Ludwugshafen, Germany) announced the technical completion of the newly constructed plant for the plastic additives business at its site located in Pontecchio Marconi, Italy. The state-of-the-art facility will deliver a wider range of NOR solutions to support BASF’s…
Borealis installs wastewater-treatment system to reduce plastic particle pollution
Borealis Group AG (Vienna, Austria) announced that the upgraded wastewater treatment system at its integrated production location in Schwechat, Austria, is now fully operational. Successful tests of the sophisticated new multi-step system, which was first installed in November 2019, show…
Air Products signs MoU related to development of Bahrain’s hydrogen economy
Under the patronage of H.E. Shaikh Mohamed Khalifa Al-Khalifa, Bahrain’s Minister of Oil, The Oil and Gas Holding Company B.S.C. (c) (nogaholding), announced the signing of Memorandum of Understanding with Air Products (Lehigh Valley, Pa.). Representing nogaholding, Mazan Matar, Chairman…
Maire Tecnimont awarded engineering contracts in Mexico and Russia
Maire Tecnimont S.p.A. (Milan, Italy) announces that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three large-scale Delayed Coker…
Merck and Siemens collaborate to advance modular production technologies
Merck KGaA (Darmstadt, Germany) announced a collaborative partnership with Siemens (Munich, Germany) for the digitalization of production. This partnership is to result in the development of a process control system for the modular production of innovative materials and products for…
Aspen Technology wins digitalization contract from Hengli Petrochemical
Aspen Technology, Inc. (Bedford, Mass.) announced that Hengli Petrochemical (Dalian) Refinery (Hengli), a leading Fortune Global 500 refinery in China, has chosen Aspen DMC3 software to accelerate digitalization at its integrated refining and chemical plant in Dalian, China. With this…