Latest News: Business
Baystar JV breaks ground for new polyethylene plant in Texas
Bayport Polymers LLC (Baystar), the 50/50 joint venture owned by Total Petrochemicals & Refining USA, Inc. (TPRI) and Novealis Holdings LLC — itself a joint venture co-owned by Borealis AG (Vienna, Austria; www.borealisgroup.com) and NOVA Chemicals Inc. (www.novachem.com) — held…
Linde to supply hydrogen plant for Praxair’s hydrogen network in Louisiana
The Linde Group (Munich, Germany; www.linde.com) has signed a contract with Praxair Inc. (Danbury, Conn.; www.praxair.com), to supply a hydrogen plant. The new plant will be part of Praxair's hydrogen system in Louisiana. "We are very pleased with this second…
Nouryon and Gasunie to supply green hydrogen for BioMCN renewable methanol production
Nouryon (formerly AkzoNobel Specialty Chemicals; Amsterdam; www.nouryon.com) and Gasunie have agreed to supply green hydrogen to BioMCN for the production of renewable methanol from CO2. The companies say it marks the next step in the sustainability of processes in the…
CAB Flat in February, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), posted a 0.0 percent change in February on a three-month moving average (3MMA) basis. On a year-over-year (Y/Y) basis, the barometer…
Maire Tecnimont wins FEED contract from Borouge
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) announced that its subsidiary Tecnimont S.p.A. has signed a contract with Borouge (Abu Dhabi, U.A.E.; www.borouge.com) for the Front-End Engineering and Design (FEED) services for the fourth expansion phase of the Ruwais petrochemicals complex…
Anellotech reaches milestone in production of bio-based aromatics
Anellotech Inc. (Pearl River, N.Y.; www.anellotech.com) and its joint development partners IFPEN and Axens have processed renewably-sourced aromatics made at Anellotech’s TCat- 8 pilot plant to successfully recover high-purity bio-based paraxylene – a key component for making 100% biobased PET…
Lanxess completes capacity expansion for corrosion inhibitor products
Lanxess AG (Leverkusen, Germany; www.lanxess.com) has successfully completed a debottlenecking project resulting in a 15% increase in global production capacity of its Additin RC 4000 series of corrosion inhibition additives. The additional capacities are a result of process synergies identified…
Teijin to acquire thermoset maker Renegade Materials
Teijin Ltd. (Tokyo, Japan; www.teijin.com) has agreed to acquire Renegade Materials Corp. (Renegade), a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. Renegade will become a wholly-owned subsidiary of Teijin. The shares of Renegade will…
Ineos to build new vinyl acetate monomer plant in the U.K.
As part of a £1-billion investment initiative in the U.K., INEOS (London; www.ineos.com) will invest £150 million in Hull to construct a new Vinyl Acetate Monomer (VAM) plant. This will bring production of an important raw material back to the…
Sabic selects Fluor for EPCM work on resin plant upgrade in the Netherlands
Fluor Corp. (Irving, Tex.; www.fluor.com) was awarded an engineering, procurement and construction management (EPCM) services contract by The Saudi Basic Industries Corp. (SABIC; Riyadh; www.sabic.com) for the recommissioning of its polyphenylene ether (PPE) resin plant in Bergen op Zoom, the…