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Latest News: Business

Solvay completes acquisition of European Carbon Fiber GmbH

Solvay S.A. (Brussels, Belgium; www.solvay.com) completed the acquisition of European Carbon Fiber GmbH (ECF), a German producer of high-quality precursor materials for large-tow (50K) polyacrylonitrile (PAN) carbon fibers. With this acquisition, Solvay is building the foundations to lead the adoption…

Tata Chemicals sells its Phosphatic Fertilizers business to Indorama

Tata Chemicals Ltd. (TCL; Mumbai, India; www.tatachemicals.com) announced the sale and transfer of its Phosphatic Fertilizers business, as well as the trading business comprising bulk fertilizers and non-bulk fertilizers, to IRC Agrochemicals Private Ltd., a wholly owned subsidiary of Indorama…

Wacker breaks ground on new production plant in South Korea

Wacker Chemie AG (Munich, Germany; www.wacker.com) is expanding its existing production plants for dispersions and dispersible polymer powders in South Korea. With the mayor of Ulsan Gi-Hyeon Kim and numerous customers in attendance, Wacker Executive Board member Dr. Christian Hartel,…

BASF Total Petrochemicals adds facilities for treatment and import of butylene and butane

BASF TOTAL Petrochemicals LLC (Port Arthur, Tex.), a joint venture partnership between BASF Corporation (60% ownership) and Total Petrochemicals & Refining USA (40% ownership) enhanced the production capabilities of its petrochemical complex, located in Port Arthur by installing processing and…

Covestro announces global capacity expansion for polyurethane dispersions

Covestro AG (Leverkusen, Germany; www.covestro.com) has begun operations at a new production facility for aqueous polyurethane dispersions (PUDs) at its Dormagen site. Along with a current expansion of production in Barcelona, the company is thus boosting its capacities in Europe…

Inovyn to invest in production of chlorine and caustic soda in Cologne

Inovyn (London, U.K.; www.inovyn.com) has announced its intention to undertake a major investment in a new state-of-the-art membrane cellroom for the production of chlorine and caustic soda at Cologne, Germany.  Initial design and feasibility studies are under way, with project…

Borealis to study feasibility of polypropylene expansion project

Borealis AG (Vienna, Austria; www.borealisgroup.com) will study the feasibility to significantly increase the capacity of its polypropylene (PP) plants in Europe. The feasibility study will be carried out over the next nine months and will assess a series of capacity…

Total divests JV assets in Italy; acquires lubricants activities from Erg

Total S.A. (Paris, France; www.total.com) and Erg have signed an agreement with the Italian Group API to sell their fuel marketing and refining assets in the TotalErg joint venture (Erg 51%, Total 49%). Following the divestment of the LPG and…

Siemens to provide equipment for copper mine in Mongolia

Siemens AG (Munich, Germany; www.siemens.com/mining) is undertaking the engineering, design, production and supply of the electrical equipment for the Oyu Tolgoi copper mine conveyor system. The delivery comprises the new conveyor system with gearless and conventional drives from thyssenkrupp Industrial…

KBR to provide hydroprocessing technology for refinery expansion in Jordan

KBR, Inc. (Houston; www.kbr.com) announced that it has entered into an Engineering Agreement for the Residue Hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project.  This award follows an earlier decision for KBR as selected licensor for its proprietary…