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Latest News: Business

ABB acquires B&R

ABB today announced the acquisition of B&R, the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. B&R, founded in 1979 by Erwin Bernecker and Josef Rainer is headquartered in Eggelsberg, Austria, employs…

Evonik and Rajburi Sugar open first Asian demonstration plant for sugar substitute

A joint venture (JV) between Evonik Industries AG (Essen, Germany: www.evonik.com) and Thai company Rajburi Sugar Co. (Bangkok, Thailand) will be the first enterprise to manufacture isomalt in Asia. To this end, the partners have officially opened a demonstration plant…

DuPont to divest selected crop protection assets to FMC and acquire FMC’s Health & Nutrition business

DuPont (Wilmington, Del.; www.dupont.com) announced that it has entered into a definitive agreement with FMC Corp. (Philadelphia, Pa.; www.fmc.com) to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of…

Eriez testing new base-metal recovery technologies at pilot facility

Eriez Manufacturing Co. (Erie, Pa.; www.eriez.com) has announced that it is jointly operating a pilot plant facility with Rio Tinto Kennecott Copper (RTKC) to increase recovery of base metals using Eriez Recovery Technology. Results indicate significant opportunities for additional recovery…

CB&I to provide five proprietary technologies for integrated project in China

CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a substantial contract for the license, engineering design and catalyst supply for five proprietary technologies to be used in an integrated refining and petrochemical project in China. The complex…

Carbon Clean Solutions and Veolia join forces for large-scale CO2 capture

Veolia (Paris, France; www.veolia.com) has just established a partnership with Carbon Clean Solutions Ltd. (CCSL; www.carboncleansolutions.com), the global leader in low-cost carbon capture technology, for the large-scale rollout of CCSL’s patented carbon dioxide (CO2) separation technology. The objective is to…

Asahi Kasei to expand production of Li-ion battery separator materials

Asahi Kasei Corp. (Tokyo, Japan; www.asahi-kasei.co.jp) will increase production capacity for Hipore Li-ion battery (LIB) separator at its plant in Moriyama, Shiga, Japan, with startup scheduled in the first half of fiscal 2019. The company will invest approximately ¥15 billion…

Solvay to sell its polyolefin cross-linkable compounds business

Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a definitive agreement to sell its polyolefin cross-linkable compounds business in Italy to family-owned group Finproject SpA. "Following Solvay’s transformation, polyolefin cross-linkable compounds no longer fit within the portfolio of high-performance specialty polymers.…

Global production of chemicals continues growth, ACC says

The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that headline global production rose 0.3 percent in February, following a 0.5 percent gain in January, as measured on a three-month moving average (3MMA)…

Lanxess increases capacities for iron oxide pigments

Lanxess AG (Cologne, Germany; www.lanxess.com) is expanding the capacity of its global production network to safeguard customer supply in the long term. In Krefeld-Uerdingen, site of the world’s largest synthetic iron oxide pigment plant, production capacities for red and black…