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Latest News: Business

Global chemical production starts Q4 with solid gain, ACC says

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) shows that growth in global chemistry during October was buoyed by the U.S. recovery from Hurricane Harvey and a synchronized up-swing in the global economy. The American…

Atlas Copco acquires mining equipment businesses in the U.S. and South Africa

Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the assets of Cate Drilling Solutions LLC., a U.S. company that distributes and services Atlas Copco drilling equipment and components.  The company also announced an agreement to…

Praxair and GE Aviation open new jet engine coatings facility in Mississippi

Praxair, Inc. (Danbury, Conn.; www.praxair.com) and GE Aviation opened a new facility for their PG Technologies business, which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. PG Technologies is a joint venture between Praxair…

BP Biofuels and Copersugar form ethanol JV in Brazil

BP Biofuels and Copersucar (www.copersucar.com.br.) announced that they have agreed to form a joint venture (JV) to own and operate a major ethanol storage terminal in Brazil, better and flexibly connecting ethanol production with the country’s main fuels markets. Copersucar…

Honeywell acquires fire and gas safety specialist SCAME Sistemi

Honeywell (Morris Plains, N.J.; www.honeywell.com) announced that it has acquired privately held SCAME Sistemi, s.r.l., adding new fire and gas safety capabilities to Honeywell's industry-leading portfolio of Connected Building solutions. SCAME is a leading provider of all-in-one systems that deliver…

Lukoil moves forward with delayed coker complex at Nizhny Novgorod refinery

PJSC Lukoil (Moscow; www.lukoil.com) announces that the final investment decision on the delayed coker complex at Nizhny Novgorod refinery was taken. The complex includes the construction of the delayed coker unit itself, the diesel hydro treatment unit, the gas fractionation…

Umicore to sell its European Technical Materials business

Umicore N.V. (Brussels, Belgium; www.umicore.com) announced today that it has agreed to sell its European Technical Materials business to Saxonia Edelmetalle GmbH, a long-established German refiner and manufacturer of precious metal chemical compounds, semi-finished products and contact parts. The agreement…

Total completes upgrade of Its largest refining & petrochemicals platform in Europe

Total S.A. (Paris, France; www.total.com) has inaugurated the new units at its Antwerp, Belgium integrated petroleum-refining and petrochemicals platform, which have progressively started up in the last few months. This event marks the completion of the upgrade program launched in…

KBR awarded ammonia plant revamp in India

KBR, Inc. (Houston; www.kbr.com) has been awarded an ammonia plant revamp contract by Rashtriya Chemicals & Fertilizers Ltd (RCF). Under the terms of the contract, KBR will provide a technology license and basic engineering design for the RCF ammonia plant…

Sadara and Gulf Interchem to build chemical recycling plant at PlasChem Park

Sadara Chemical Co. (Jubail, Saudi Arabia; www.sadara.com) signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company focused on innovating in the field of low-value chemical byproduct recycling, for a by-products upgrade project based in PlasChem Park,…