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Latest News: Business

SNC-Lavalin wins contract for fertilizer project in Russia

SNC-Lavalin (Montreal, Quebec, Canada; www.snclavalin.com) announced that it has been awarded a contract by Novgorodskiy GIAP, a subsidiary of Acron Group, for the development of engineering design packages and licensing services for a fertilizers project located in the Smolensk region…

Solvay invests to double manufacturing capacity at West Virginia site

Solvay SA (Brussels, Belgium; www.solvay.com) will invest to double the capacity of its Technology Solutions global business unit’s high molecular weight (HMW) hindered amine light stabilizers (HALS) production facility in Willow Island, West Virginia, USA. The core HALS products currently…

Teijin starts up new production line for aramid fibers

Teijin’s Aramid Business (Arnhem, the Netherlands; www.teijinaramid.com) announced the completion of a new production line at its Technora aramid fibers production facility in Matsuyama, Japan. As of now, extra Technora capacity is available for Teijin Aramid’s customers globally. The investment…

Ineos Styrolution and Agilyx to develop polystyrene recycling technology

Agilyx Corp. (Tigard, Oregon; www.agilyx.com) and INEOS Styrolution (Frankfurt am Main, Germany; www.ineos-styrolution.com) have signed a joint development agreement to develop a recycling process for polystyrene based on “chemical recycling” in the USA. This collaboration is aimed at achieving a…

Owens Corning to expand composites facility in France

Owens Corning (Toledo, Ohio; www.owenscorning.com) has announced plans to invest $50 million to rebuild a glass melter and expand production capacity by approximately 25% at its Chambéry, France, composites manufacturing facility.  The investment will support the growing demand for thermoplastics…

Ineos Oxide to increase production capacity for ethylidene norbornene

Ineos (London; www.ineos.com) announced that INEOS Oxide plans to expand its ethylidene norbornene (ENB) plant in Antwerp, increasing capacity by 7,500 metric tons per year (m.t./yr) to 35,500 m.t./yr, with the capacity being available by the end of 2018. “We…

Stamicarbon acquires stake in Alabama-based fertilizer startup

Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.it) announced that its subsidiary Stamicarbon has acquired a 20% stake in Pursell Agri-Tech, LLC, a U.S.-based startup company specialized in developing and marketing polymer-coated, controlled-release fertilizers. The amount of Stamicarbon’s investment is equal to…

Statoil, Shell and Total enter CO2 storage partnership

Statoil, Shell and Total have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage (CCS) in…

Neste to acquire Jacobs’ share of Neste Jacobs

Neste Corp. (Espoo, Finland; www.neste.com) and Jacobs Engineering Group (Dallas, Tex.; www.jacobs.com) have agreed that Neste will acquire the 40% shareholding of Jacobs in Neste Jacobs Oy (www.nestejacobs.com). After this transaction, Neste holds all shares in Neste Jacobs. "Neste Jacobs…

Cabot and DowDuPont mark groundbreaking of new fumed silica site in Kentucky

Sean Keohane, president and chief executive officer of Cabot Corp. (Boston, Mass.; www.cabot-corp.com) and Howard Ungerleider, chief financial officer of DowDuPont joined more than 150 local officials, business leaders and community members to celebrate the groundbreaking of Cabot’s fumed silica plant…