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Latest News: Business

Praj Industries appoints new CEO

Praj Industries Ltd. (Pune, India; www.praj.net) has appointed Mr. Shishir Joshipura as the CEO and Managing Director, effective from 2nd April, 2018. Joshipura is a mechanical engineer from BITS Pilani and an Advanced Management Graduate from Harvard Business School. Prior…

TechnipFMC acquires epichlorohydrin process technology from Solvay

TechnipFMC (Houston; www.technipfmc.com) has completed the acquisition of Epicerol technology from Solvay SA (Brussels, Belgium; www.solvay.com). The technology converts glycerol to high purity epichlorohydrin (ECH) for use in coatings, composites and adhesive applications in various industries. Epicerol technology was developed…

Evonik invests in expanded production at Birmingham, Alabama site

Evonik Industries AG (Essen, Germany; www.evonik.com) has invested more than $50 million over the last 4 years in its Birmingham, Ala., Health Care facility to boosts its capabilities around biodegradable polymers and parenteral medicine. As part of these expenditures, the…

Badger Licensing to license technology for grassroots EB/SM plant in China

Badger Licensing LLC (Boston, Mass.; www.badgerlicensing.com) announced that Hengli Petrochemical (Dalian) Chemical Co., Ltd. (Hengli) has selected Badger’s proprietary technologies for a 720,000 metric tons per year (m.t./yr) grassroots ethylbenzene / styrene monomer (EB/SM) plant being built in Changxing Island…

Global chemical production continues on soft note, ACC says

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) show that growth in global chemical production continued on a soft note in February. The ACC’s Global Chemical Production Regional Index (Global CPRI) indicates that global chemicals…

KBR wins ammonia plant contract for HURL project in India

KBR Inc. (Houston, Tex.; www.kbr.com) has been awarded an ammonia plant contract by Toyo Engineering Corp. for the Hindustan Urvarak and Rasayan Ltd (HURL) greenfield urea project in Gorakhpur, India. Under the terms of the contract, KBR will provide licensing…

Metso increases production capacity for crushing and screening equipment in India

Metso Corp. (Helsinki, Finland; www.metso.com)  is addressing the growing demand for crushing and screening plants in the Indian market by expanding its production capabilities in Alwar. This latest investment increases Metso's crushing and screening plant production capacity in India by…

Ineos Styrolution announces plans for styrene monomer plant on U.S. Gulf Coast

INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) announced that it will commission an engineering study to build a world-scale styrene monomer (SM) plant in the U.S. Gulf Coast region. The new SM plant will use best-in-class technology and benefit from access to…

BASF completes sale of its Mexican oleochemical surfactants business to Stepan

BASF SE (Ludwigshafen, Germany; www.basf.com) announced that BASF Mexicana, S.A. de C.V. has closed the previously announced sale of a portion of its oleochemical surfactants business in Mexico to Stepan CDMX, S. de R.L. de C.V. The transaction includes the…

Fluor awarded FEED contract for phopshoric acid plant in Egypt

Fluor Corp. (Irving, Tex.; www.fluor.com) announced that it was awarded the front-end engineering design (FEED) contract by Egypt’s state energy firm Enppi for the offsites and utilities portion of the main plant complex and support services for the Waphco phosphoric…