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Latest News: Business

Chevron to sell Canadian downstream assets to Parkland

Parkland Fuel Corp. (Calgary, Alb., Canada; www.parkland.ca) announced that it has entered into an agreement with Chevron Canada Limited (CCL) to acquire all of the shares of Chevron Canada R&M ULC, which operates its Canadian integrated downstream fuel business. The…

Atlas Copco expands production facility in Hyderabad

Atlas Copco (Stockholm, Sweden; www.atlascopcogroup.com) has inaugurated an expanded manufacturing plant in India that will further boost productivity for mining customers. Atlas Copco has invested SEK110 million (around $12 million) in the expansion of the factory in Hyderabad, India, doubling…

ExxonMobil and Sabic select San Patricio County, Texas as location for joint petrochemical complex

ExxonMobil Chemical Co. (Houston; www.exxonmobilchemical.com) and SABIC (Riyadh, Saudi Arabia; www.sabic.com) announced the selection of a site in San Patricio County, Texas for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. The proposed multibillion-dollar investment…

ISE Group, Total and SunPower start up the Nanao Solar Power Plant in Japan

ISE Group (Tokyo, Japan), Total S.A. (Paris, France; www.total.com) and SunPower Corp. (www.sunpower.com) have started up a 27-MW (peak) photovoltaic power plant in Nanao on Japan’s Honshu Island. Completed one year after the beginning of construction, the plant will generate…

Honeywell to expand production of measurement and control equipment in Russia

Honeywell Process Solutions (HPS; Houston; www.honeywellprocess.com) announced that it will expand the manufacture of measurement and control products for the Russian region at its Arzamas plant. This will include gas-measurement equipment and gas regulators for medium- and high-pressure applications. The…

Ametek to acquire instrumentation provider Mocon

Ametek, Inc. (Berwyn, Pa.; www.ametek.com) and Mocon, Inc. announced that they have entered into a definitive merger agreement under which Ametek will acquire all of the outstanding shares of common stock of Mocon at a price of $30 per share…

National Graphene Association launches in the U.S.

A new association focused on facilitating the commercialization of graphene in the United States was launched today.  The new National Graphene Association (NGA; Oxford, Miss.; www.nationalgrapheneassociation.com) will provide a premier networking and information platform to connect current and future stakeholders in…

Nova acquires U.S. Gulf Coast olefins assets from Williams

NOVA Chemicals Corp. (Calgary, Canada; www.novachem.com) and Williams Partners L.P. (Tulsa, Okla.; www.williams.com) announced that NOVA Chemicals has agreed to acquire Williams’ 88.46% ownership interest in the Geismar, Louisiana olefins plant, approximately 525 acres of undeveloped land adjacent to the…

Milliken acquires Keystone Aniline Corp.

Milliken & Co. (Spartanburg, S.C.; www.milliken.com) announced its acquisition of the assets of Keystone Aniline Corp., a global leader in dyes, pigments, pigment dispersions and polymers. Positioning Milliken for global growth, the initiative aligns two key industry players with complementary…

Eni appoints new CEO

The board of directors of Eni (Rome, Italy; www.eni.com) appointed Claudio Descalzi as chief executive officer (CEO) and general manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that…