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Latest News: Business

Total and Corbion start up joint bioplastics plant in Thailand

Total Corbion PLA, a 50/50 joint venture between Total S.A. (Paris, France; www.total.com) and Corbion (Amsterdam, the Netherlands; www.corbion.com), announced the startup of its 75,000 metric tons per year (m.t./yr) PLA (Poly-Lactic Acid) bioplastics plant in Rayong, Thailand. The plant…

Hexel acquires manufacturer of microwave-absorbing composites

Hexcel Corp. (Stamford, Conn.; www.hexcel.com) has entered into a definitive agreement to acquire ARC Technologies, Inc., a leading supplier of custom RF / EMI and microwave-absorbing composite materials for military, aerospace and industrial applications. The acquisition strengthens Hexcel’s existing advanced…

Honeywell moves global headquarters from New Jersey to North Carolina

Honeywell (www.honeywell.com) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina, a city close to several of Honeywell's businesses in the Southeast United States. Honeywell also announced it will relocate the headquarters of its Safety and…

Kemira forms AKD wax joint venture in China

Kemira Oyj (Helsinki, Finland; www.kemira.com) has formed a joint venture with a producer of alkyl ketene dimer (AKD) wax in China. With this agreement, Kemira forms a joint venture – Kemira TC Wanfeng Chemicals Yanzhou (NewCo)  – with Shandong Tiancheng…

DuPont Water Solutions opens new RO membrane manufacturing plant at Sadara facility

DuPont Water Solutions (www.dupont.com/water), a part of the DuPont Safety & Construction business, opened its new reverse osmosis (RO) production line in the Kingdom of Saudi Arabia. Located in Jubail Industrial City II, the facility will manufacture membrane technology and…

Siemens and Aker Solutions to strengthen digital offerings through strategic collaboration

Aker Solutions  (Fornebu, Norway; www.akersolutions.com) and Siemens AG (Munich and Berlin, Germany; www.siemens.com) have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of software applications and joint…

Hanwha Total Petrochemical invests in a new polypropylene plant

Hanwha Total Petrochemical (www.hanwha-total.com), a 50/50 joint venture between Total S.A. (Paris, France; www.total.com) and Hanwha Group (Seoul, South Korea; www.hanwha.com), will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. The…

ADNOC moving ahead with plans to expand its CO2 capture operations

The Abu Dhabi National Oil Company (ADNOC; www.adnoc.ae) announced that it is moving ahead with plans to expand the capture, storage and utilization of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant.…

Ametek completes acquisition of condition-monitoring specialist Spectro Scientific

AMETEK, Inc. (Berwyn, Pa.; www.ametek.com) announced that it has completed the acquisition of Spectro Scientific, a leading provider of machine condition monitoring solutions for critical assets in high-value industrial applications. Spectro provides both lab-based and onsite instrumentation, consumables and cloud-based…

Covestro raises stake in TPU joint venture

Covestro (Leverkusen, Germany; www.covestro.com) accelerates the expansion of its thermoplastic polyurethanes (TPU) business by raising its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50 to 80%. DCP, established as a 50/50 joint venture in the year…