Latest News: Business
Ineos to acquire the chemicals intermediates business of Flint Hill Resources
INEOS Enterprises (London; www.ineos.com) has confirmed that it has entered into a binding agreement to acquire the chemical intermediates business of Flint Hills Resources. The deal is expected to complete before the end of 2018, subject to regulatory approval. The…
Siemens and Southern Idaho Solid Waste commission landfill gas-to-energy project
Siemens AG (Munich, Germany: www.siemens.com) and Southern Idaho Solid Waste (SISW) recently announced the successful commissioning of two SGE-56HM gas engines that are providing environmentally friendly electrical power for a landfill gas-to-energy project at the Milner Butte Landfill in Burley,…
EDL signs contract for dewaxing/deoiling unit with Sepahan Oil
In mid-August 2018, Sepahan Oil Co. (SOC; Tehran, Iran) and EDL Anlagenbau Gesellschaft mbH (EDL; Leipzig, Germany; www.edl.poerner.de) signed a contract for the modernization of the lube oil and wax production. SOC and EDL signed the contract for granting a…
Emerson to acquire GE’s Intelligent Platforms business
Emerson (St. Louis, Mo.; www.emerson.com) announced it has agreed to acquire Intelligent Platforms, a division of General Electric. Intelligent Platforms’ programmable logic controller (PLC) technologies will enable Emerson, a leader in automation for process and industrial applications, to provide its…
Momentive Performance Materials opens new silane production plant in Leverkusen
Momentive Performance Materials Inc. (Waterford, N.Y.; www.momentive.com) celebrated the official opening of its new NXT silane production facility in the Leverkusen Chempark in Germany. The city of Leverkusen and Chempark officials joined Momentive’s CEO and other leaders to officially cut…
GE Power to deliver India’s first low-NOx boiler systems for Tata Chemicals and NTPC
GE Power (www.ge.com/power) announced that it has been selected to provide technology for NTPC and Tata Chemicals to upgrade two coal-fired boilers in India with GE’s low-NOx firing system. This is the first installation of this technology in India and…
Borealis and Bockatech to develop foam-injection molding solutions for recyclable packaging
Borealis Group AG (Vienna, Austria; www.borealisgroup.com) announced a new strategic alliance with Bockatech, a U.K. early-stage Greentech and provider of EcoCore technology for sustainable packaging. This new material and technology partnership will advance the circular economy by developing low-cost, high…
Versalis acquires four bio-based chemicals companies in Italy
Versalis (San Donato Milanese, Italy; www.versalis.eni.com) has won the bidding process ordered by the Court of Alessandria for Mossi & Ghisolfi's Group’s “green” activities. The transfer of the related business units will be formally agreed in the coming weeks, in…
ExxonMobil starts producing ultra-low-sulfur fuels at new Beaumont unit
ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) said that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low-sulfur fuels by about 45,000 barrels per day (bbl/d). The new unit relies on a proprietary catalyst system…
GEA Group names new CEO
The Supervisory Board of GEA Group Aktiengesellschaft (Düsseldorf, Germany; www.gea.com) has appointed Stefan Klebert to the company’s Executive Board with effect from November 15, 2018. On February 18, 2019, he will succeed the long-serving CEO, Jürg Oleas (60), who is…