Latest News: Business
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…
Chemical activity barometer falls in October, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), fell 0.4 percent in October on a three-month moving average (3MMA) basis following stable activity during the third quarter. On a…
New changes at inprotec AG
In the twenty-first year of the company’s existence, the management of inprotec AG (Heitersheim, Germany; www.inprotec-ag.de), a leading service provider in spray granulation and spray drying, will be undergoing a change. The company has two locations in Heitersheim (Baden-Württemberg) and…
TechnipFMC signs first commercial license for new epichlorohydrin process technology
TechnipFMC (Houston; www.technipfmc.com) announced that it has signed its first Eipcerol Technology License Agreement with Meghmani Finechem Ltd. (MFL) in India. The plant will produce 50,000 metric tons per year (m.t./yr) of epichlorohydrin from glycerin, a renewable feedstock derived from…
Yokogawa and ExRobotics to collaborate on advancement of robotics for hazardous-area applications
ExRobotics B.V. (https://exrobotics.global), a Netherlands-based developer of robotics technology for hazardous environments, and Yokogawa Electric Corp. (Tokyo; www.yokogawa.com) announced the signing of a licensing agreement that will enable Yokogawa to sell and deploy ExRobotics' inspection robot hardware and software platforms…