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Latest News: Business

Solenis acquires Belgian coatings company Topchim

Solenis International, L.P. (Wilmington, Del.; www.solenis.com) completed the acquisition of 100% of the shares of Topchim NV. Headquartered in Antwerp, Belgium, Topchim is a leading ecological coating company for the paper, cardboard, and packaging converting industries in Europe. Solenis will…

Ecolab sells Chinese phosphonate business to Italmatch

Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) has sold its phosphonate component business in China that was acquired as part of its 2015 Jianghai acquisition to Italmatch Chemicals S.p.A. (Genova, Italy; www.italmatch.com). The acquired business,  Jaiyou Chemical Co., is active in…

Global chemicals productions stable in January, ACC says

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) shows that growth in global chemical production started 2018 on a neutral note. ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production was…

ExxonMobil and Synthetic Genomics advance algae-based biofuels program

Exxon Mobil Corp. (Irving, Tex.; www.exxonmobil.com) and Synthetic Genomics Inc. announced a new phase in their joint algae biofuel research program that could lead to the technical ability to produce 10,000 barrels of algae biofuel per day by 2025. The…

Airgas expands presence in California with new CO2 plant, expanded ASU

Airgas USA, LLC (Radnor, Pa.; www.airgas.com), an Air Liquide company, announced plans to increase its presence in California with the construction of a new liquid carbon dioxide (CO2) production facility in Stockton, CA and the expansion of an air separation…

3M appoints new chief executive officer

3M (St. Paul, Minn.; www.3m.com) announced that Michael F. Roman is appointed chief executive officer, effective July 1, 2018. He succeeds Inge G. Thulin, who is appointed to a newly created position, executive chairman of the board, also effective July…

CB&I wins contract for JG Summit Petrochemical expansion project

CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a contract valued at approximately $70 million by JG Summit Petrochemical Corporation (JGSPC) for the Stage 1 Expansion project in Batangas City, Philippines. CB&I's scope of work includes the…

Aemetis starts up demonstration bioethanol plant

Aemetis, Inc. (Cupertino, Calif.; www.aemetis.com) announced that the company successfully built and operated an integrated demonstration unit for more than 120 days of continuous operations with 94% uptime, meeting the requirements for a federal USDA 9003 Biorefinery Assistance Program guaranteed…

Axalta acquires manufacturing facility in Sacramento

Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has acquired a state of the art manufacturing and distribution facility in Sacramento, Calif. to support growth in its North American Industrial and Refinish businesses. Financial terms of the transaction were not disclosed. “Axalta…

Lubrizol names new CFO

The Lubrizol Corp. (Wickliffe, Ohio; www.lubrizol.com) announced the promotion of J. Brian Pitts to corporate vice president, chief financial officer (CFO) and treasurer.  Brian Pitts succeeds Brian Valentine who has announced his decision to leave the organization later this year. …