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Latest News: Business

Emerson to acquire Pentair Valves & Controls business

Emerson (St. Luois, Mo.; www.emerson.com) has signed an agreement to purchase the Valves & Controls business of Pentair plc (Manchester, U.K.; www.pentair.com) for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation…

Veolia to provide wastewater-treatment technologies for Lotte-Axiall petrochemicals facility

CB&I (The Woodlands, Tex.; www.cbi.com) has chosen Veolia Water Technologies (Moon Township, Pa.; www.veoliawatertech.com) to engineer and procure a wastewater treatment package for the 1,000,000-metric tons per year (m.t./yr) Lotte Axiall Chemical Company (LACC) ethane cracker and associated monoethylene glycol…

Johnson Matthey and Ilika to partner on lithium-sulfur battery project

Ilika p.l.c. (Southampton, U.K.; www.ilika.com) announces that it is taking part in a three-year project to develop protected anodes for lithium sulfur batteries, led by Johnson Matthey Plc (London; www.matthey.com) and supported by Innovate UK and the Engineering and Physical…

Praxair confirms preliminary merger discussions with Linde

Praxair, Inc. (Danbury, Conn.; www.praxair.com) has confirmed that it is currently in preliminary discussions with Linde AG (Munich, Germany; www.the-linde-group.com) regarding a potential merger. According to Praxair, these discussions are ongoing, and there can be no assurance that they will…

Lonza to acquire California-based ingredients producer for $300 million

Lonza (Basel, Switzerland; www.lonza.com) has agreed to acquire InterHealth Nutraceuticals, Inc. (Benicia, Calif.), a leader in research, development, manufacture and marketing of value-added nutritional ingredients for use in dietary supplements. InterHealth is a portfolio company of Kainos Capital. “With this…

GE to provide turbine upgrades for ammonia plant modernization in Russia

GE’s Power Services business (Baden, Switzerland; powergen.gepower.com) will provide Russian chemicals producer OJSC TogliattiAzot (ToAZ) with parts to upgrade two GE industrial steam turbines at the company’s ammonia production facility in the city of Togliatti, Russia. GE also will supply…

Ashland appoints chief technology officer

Ashland Inc. (Covington, Ky.; www.ashland.com) announced that Osama Musa, vice president, global research and development (R&D), has been promoted to the newly created position of chief technology officer. He also assumes leadership responsibility for Advanced Materials. Recently while leading R&D…

Envergent RTP Technology to be used in new renewable-fuels facility in Quebec

Envergent Technologies LLC, a joint venture of Honeywell UOP (Des Plaines, Ill.; www.uop.com) and Ensyn Corp., announced today that it has begun construction on a renewable fuels facility in Port Cartier, Quebec. The project will incorporate Envergent’s proprietary RTP technology…

Jacobs awarded contract for Novartis Biotechnology Center expansion in France

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract to expand the Novartis Pharma S.A.S. Biotechnology Center in Huningue, France. Under the terms of the agreement, Jacobs is providing engineering, procurement and construction management (EPCM) services to increase…

Yara acquires Tata Chemicals’ urea business in India

Yara International ASA (Oslo, Norway; www.yara.com) has entered into an agreement to acquire the Tata Chemicals Ltd. (TCL; Mumbai; www.tatachemicals.com) Babrala urea plant and distribution business in Uttar Pradesh for $400 million on a debt and cash free basis, including…