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Latest News: Business

Borealis and UCC sign agreement to develop polyethylene project in Kazakhstan

Borealis AG (Vienna, Austria; www.borealisgroup.com) and United Chemical Company LLP (UCC) have signed a Joint Development Agreement (JDA) for the development of a world-scale polyethylene project, integrated with an ethane cracker, in the Republic of Kazakhstan.   Simultaneously, a government…

Covestro divests its global polycarbonate sheets business

Covestro AG (Leverkusen, Germany; www.covestro.com) intends to sell its global Polycarbonates (PCS) sheets business. PCS sheets are highly durable and free-formable sheets that are used in public transportation, roofing systems or signage applications. As a first step, Covestro’s PCS sheets…

Tronox to sell Nevada-based electrolytic assets

Tronox Ltd, (Stamford, Conn.; www.tronox.com), a global mining and inorganic chemicals company, announced that Tronox LLC, its indirect wholly owned subsidiary, has entered into a purchase agreement with EMD Acquisition LLC to sell certain assets and liabilities of its Electrolytic…

KBR awarded contract to revamp ammonia plant in Russia

KBR, Inc. (Houston; www.kbr.com) announced that it has been awarded a contract by JSC ACRON subsidiary JSC Dorogobuzh  to provide equipment to revamp its ammonia plant located in Dorogobuzh in the Smolensk region of Russia. Under the terms of the…

Jacobs wins contract for pre-feasibility study from Kuwait Petroleum

Jacobs Engineering Group Inc. (Dallas, Tex.; www.jacobs.com) has been awarded a contract for a pre-feasibility study, with the option of proceeding to a detailed feasibility study, for Kuwait Petroleum Corporation (KPC) and its subsidiaries. The studies are in support of…

U.S. specialty chemicals market regains momentum, ACC says

The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) reported that U.S. specialty chemicals market volumes regained momentum, increasing 0.4 percent in February, after only a 0.1 percent gain in January. All changes in the data are reported on a three-month…

ExxonMobil begins detailed engineering work on potential Gulf Coast PP expansion

ExxonMobil (Irving, Tex.; www.exxonmobil.com) said that it has started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene (PP) manufacturing capacity by up to 450,000 tons a year to meet growing demand for high-performance, lightweight durable…

BP appoints Susan Dio to lead U.S. business

BP plc (London; www.bp.com) announced that Susan Dio has been appointed chairman and president of BP America Inc., BP’s chief representative in the United States, from 1 May 2018. Dio succeeds John Mingé, who will move to chair a study…

Orion Engineered Carbons to construct new production line for specialty carbon black in Italy

Orion Engineered Carbons S.A. (Luxembourg; www.orioncarbons.com), a supplier of specialty and high-performance carbon black, announced that it will expand production capacity at its facility in Ravenna, Italy, with the construction of a new specialty carbon black line. The line will…

Alpek, Indorama and Far Eastern form JV company to acquire M&G’s Corpus Christi project

Corpus Christi Polymers LLC (CC Polymers) — a newly formed joint venture between Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com), Indorama Ventures Holdings LP (“Indorama”) a subsidiary of Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) and…