Mobile Navigation

Latest News: Business

Haldor Topsøe celebrates opening of Tehran office

Today, Haldor Topsøe A/S (Topsoe; Lyngby, Demnark; www.topsoe.com) — a global technology, catalyst and services vendor to the petrochemical and petroleum-refining industry — officially opened its offices in Tehran, Iran at a ceremony. With the new office, Topsoe will reinforce…

Andritz and Conqord Oil sign strategic partnership agreement

Andritz Frautech S.r.l. (Schio, Italy), part of international technology Group Andritz (Graz, Austria; www.andritz.com), and Conqord Oil S.r.l. (Q8Oils; Castellar Guidobono, Italy; www.conqordoil.it), a global player in the production of lubricating oils and emulsions and active in the metalworking industry,…

Phoenix Contact acquires Perle Systems

On August 31, 2016, Phoenix Contact GmbH & Co. KG (Blomberg, Germany; www.phoenixcontact.com) concluded a contract for the acquisition of the Canadian network specialist Perle Systems Ltd. (Toronto; www.perle.com). Thus, Perle Systems is another international subsidiary of the Phoenix Contact…

Linde establishes new electronics R&D center in Taiwan

The Linde Group (Munich, Germany; www.linde.com) has opened its new electronics R&D center in Taichung, Taiwan on September 1st. The company has invested approximately 5 million euros to establish the center, which will support local customers and development partners with…

Chemours finalizes sale of Clean and Disinfect business to Lanxess

The Chemours Co. (Wilmington, Del.; www.chemours.com) has completed the sale of its Clean and Disinfect business—part of its Chemical Solutions segment—to Lanxess AG (Cologne, Germany; www.lanxess.com) for approximately $230 million in cash on August 31, 2016. "This announcement is another…

Westlake completes Axiall acquisition

Westlake Chemical Corp. (Houston; www.westlake.com) has completed the previously announced acquisition of Axiall Corp. (Atlanta, Ga.; www.axiall.com) for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities.…

Expansion in South Carolina extends Invista’s nylon 6,6 offerings

A $30-million expansion at Invista (Wichita, Kansas; www.invista.com) fiber manufacturing plant in South Carolina will enable the company to rapidly respond to small-lot, carpet fiber demands. The investment represents the industry’s first-ever offering of one-step, small-lot capability specifically for solution-dyed…

Jacobs acquires Bayqik sulfuric acid converter technology from Bayer

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has acquired the patent rights for Bayqik quasi-isothermal sulfuric acid converter technology and other related technology from Bayer AG (Leverkusen, Germany; www.bayer.com). Under the terms of the agreement, the technology transfer includes all…

Technip and IPSB win FEED contract for bio-isobutene plant

Global Bioenergies (Evry, France; www.global-bioenergies.com) and Cristal Union have announced that their subsidiary, IBN-One has awarded the first engineering contracts for its bio-isobutene plant to Technip (Paris, France; www.technip.com) and IPSB. Following a consultation process by IBN-One in spring 2016,…

KBR announces another implementation of Distill-Max technology

KBR, Inc. (Houston; www.kbr.com) says that Placid Refining Company LLC has successfully started up a grassroots dividing wall column (DWC) reformate splitter at their Port Allen, Louisiana, refinery. KBR's Distill-Max DWC technology was selected for this application during Placid Refining…