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Latest News: Business

Evonik and thyssenkrupp Industrial Solutions grant license for HPPO technology in China

Evonik Industries AG (www.evonik.com) and thyssenkrupp Industrial Solutions AG (both Essen, Germany; www.thyssenkrupp-industrial-solutions.com) have agreed to grant a license for HPPO (hydrogen peroxide to propylene oxide) Technology to Zibo Qixiang Tengda Chemical Co. to produce propylene oxide. Corresponding agreements were…

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

According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.2 percent in June, following a 0.4 percent gain in May and a 0.3 percent gain in April. During June,…

McDermott awarded FCC technology license in India

McDermott International, Inc. (Houston; www.mcdermott.com) announced that it has been awarded a sizeable technology contract by Indian Oil Corp. Ltd. (IOCL) for the technology license, basic engineering, proprietary equipment, training and technical services for a grassroots Fluid Catalytic Cracking (FCC)…

Clariant to divest Masterbatches business; halts specialties negotiations with Sabic

As part of the portfolio upgrade announced in September 2018, Clariant (Muttenz, Switzerland; www.clariant.com) will continue with the divestment of the Pigments business and has decided to also divest the entire Masterbatches business including both, standard and high value Masterbatches.…

Nouryon acquires China’s largest triethyl aluminum manufacturer

Nouryon (Amsterdam, the Netherlands; www.nouryon.com) has acquired Zhejiang Friend Chemical Co. (Friend), the largest Chinese producer of triethyl aluminum (TEAL) – a metal alkyl used in the production of high-volume polymers, such as polypropylene and polyethylene. The acquisition will substantially…

KBR begins EPC work on Methanex’s Geismar methanol project

KBR (Houston; www.kbr.com) announced today that, following a Final Investment Decision from Methanex Corp. (Vancouver, B.C., Canada; www.methanex.com) , approval has been given to begin work on the detailed Engineering, Procurement and Construction (EPC) phase of Methanex's Geismar 3 methanol…

Air Liquide renews supply contract with Shell Chemicals in Canada

Air Liquide (Paris; www.airlqiuide.com) and Shell Chemicals, one of the world’s leading chemicals suppliers, signed renewal contracts for the supply of Oxygen, Nitrogen, Steam and Electricity to Shell’s Scotford facility near Fort Saskatchewan, Alberta, Canada. To support this renewed long-term…

Veolia awarded wastewater-treatment contract for Al-Zour Refinery in Kuwait

Kuwait Integrated Petroleum Industries Company (KIPIC) has awarded Veolia (Paris; www.veolia.com) - via its Veolia Middle East subsidiary - the contract for the operation and maintenance of its refinery wastewater treatment plant in Al-Zour in southern Kuwait. A $63 million…

ExxonMobil starts up new polyethylene line in Beaumont

ExxonMobil  (Irving, Tex.; www.exxonmobil.com) started production on a new high-performance polyethylene line at its Beaumont, Texas polyethylene plant. The expansion increases plant production capacity by 65% or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per…

Honeywell UOP to provide technologies for expansion of Al-Zour Refinery in Kuwait

Honeywell announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has awarded reconfiguration of refining and petrochemicals sections of its Al-Zour refinery to Honeywell UOP (Des Plaines, Ill.; www.uop.com). The newly designed complex will increase the plant’s output capacity of fuels…