Latest News: Business
Clariant and Eastman announce collaboration on agrochemicals
Clariant AG (Muttenz, Switzerland; www.clariant.com), a world leader in specialty chemicals, and Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com), a global advanced materials and specialty additives company, are proud to announce an exclusive cooperation agreement for the distribution of Eastman’s Tamisolve…
Pöyry to merge with Swedish engineering company ÅF AB
ÅF AB (Stockholm, Sweden; www.afconsult.com) and Pöyry PLC (Helsinki, Finland; www.poyry.com) have signed an agreement to combine the two companies to form a leading European engineering and consulting company. ÅF will launch a recommended public cash tender offer to purchase…
Saipem identifies cyber-attack on its servers
Engineering, procurement and construction (EPC) provider Saipem S.p.A. (San Donato Milanese, Italy; www.saipem.com) announced the identification of a cyber-attack on its servers. That company says it is collecting all the elements useful for assessing the impact on its infrastructures and…
Neste moves forward with expansion of renewable products in Singapore
Neste Corp. (Espoo, Finland; www.neste.com) has made the final investment decision on additional renewable products production capacity in Singapore. The decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals.…
Intelligent automation brings benefits for petroleum refining, healthcare, finance and more
Intelligent Automation Week (Dec. 3–6; Austin, Tex.; https://intelligentautomationevent.iqpc.com/) brought together representatives from many varied industries to discuss practical applications for artificial intelligence (AI), robotic process automation (RPA), cognitive computing and more. Participating organizations included McDonald’s, the National Aeronautics and Space Administration…
Lummus to provide furnace design for Chandra Asri’s second petrochemicals complex
PT Chandra Asri Petrochemical Tbk (CAP; Jakarta, Indonesia; www.chandra-asri.com) has awarded Lummus Technology with the detailed engineering design of a Lummus Short Residence Time (SRT) ethylene heater for CAP’s second cracker, owned by subsidiary Chandra Asri Perkasa (CAP2). CAP2, located…
Perstorp to sell its caprolactone business to Ingevity
Perstorp (Malmö, Sweden; www.perstorp.com) has agreed to sell Capa, its caprolactone business, including the production site in Warrington, U.K., to Ingevity Corp. (North Charleston, S.C.; www.ingevity.com) for approximately €590 million. The business has annual revenues of approximately €150 million. Under…
Borealis announces European polypropylene expansion plans
Borealis Group AG (Vienna, Austria; www.borealisgroup.com) is increasing its polypropylene (PP) capacity in Europe and strengthening its longterm commitment to meet the European customers’ needs for innovative polypropylene. Borealis had previously announced to study the feasibility of significantly increasing its…
Ingevity starts up activated-carbon extrusion plant in Changshu
Ingevity Corp. (North Charleston, S.C.; www.ingevity.com) has begun production at its newly constructed, state-of-the-art activated carbon extrusion plant in Changshu, China. The addition of this facility allows the company to better meet the significant growth in global demand for pelletized…
Sabic signs MOU for supply of recycled feedstock
The Saudi Basic Industries Corp. (SABIC; Riyadh; www.sabic.com) has signed a memorandum of understanding (MoU) with U.K.-based Plastic Energy, Ltd., a pioneer in chemical plastics recycling, for the supply of feedstock to support SABIC’s petrochemical operations in Europe. SABIC and…