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Latest News: Business

Metso appoints Nico Delvaux as new CEO

The Board of Directors of Metso Corp. (Helsinki, Finland; www.metso.com) has appointed Nico Delvaux President and CEO of Metso, effective at the beginning of November 2017 at the latest. Nico Delvaux is currently Senior Executive Vice President for Atlas Copco…

Archer Daniel Midlands selects Koch Membrane Systems ultrafiltration technology for Chattanooga plant upgrade

Koch Membrane Systems (KMS; Wilmington, Mass.; www.kochmembrane.com), a global leader in membrane filtration technologies, announced in conjunction with Archer Daniel Midlands Co. (ADM; Chicago, Ill.; www.adm.com) the planned upgrade of the water treatment plant for ADM’s Southern Cellulose facility in…

Huntsman acquires U.K.-based IFS Chemicals

Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) announced that it has completed the acquisition of IFS Chemicals Limited (IFS), one of the U.K.’s leading independent formulators of methylene diphenyl diisocyanate (MDI) based systems. The purchase price was not disclosed. Located in…

Global chemical production ends Q1 with slight decline, ACC says

The American Chemistry Council’s  (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that the first quarter ended on a soft note, with headline global production slipping back 0.1 percent in March, as measured on a three-month…

Grupa Azoty signs license for thyssenkrupp nitric-acid production technology

Grupa Azoty S.A. (Tarnów, Poland; www.grupaazoty.com) signed a contract with thyssenkrupp Industrial Solutions AG (Essen, Germany; www.thyssenkrupp-industrial-solutions.com) for a license for a nitric-acid production technology, including the delivery of process documentation and key equipment, and for the supervision over plant…

Ineos Styrolution to boost capacities for ASA and ABS in Mexico and the U.S.

INEOS Styrolution, (Frankfurt, Germany; www.ineos-styrolution.com) announced plans to increase capacity for ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate) in the Americas. The plans include constructing a new ASA plant in Bayport, Texas with a capacity of 100,000 metric…

TechnipFMC awarded an EPC contract for a sulfate-reduction plant in Abu Dhabi

TechnipFMC (Paris, France; www.technipfmc.com) has been awarded by Zakum Development Co. an engineering, procurement and construction contract (EPC3) project) for a sulfate-reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE). The objective of the EPC3 project…

B&W SPIG awarded three contracts in first quarter of 2017

Babcock & Wilcox Enterprises, Inc. (B&W; Charlotte, N.C.; www.babcock.com), announced today that its subsidiary, Babcock & Wilcox SPIG, Inc. (B&W SPIG), was awarded three major contracts totaling more than $60 million in the first quarter of 2017 to design and…

BP to sell interest in SECCO to Sinopec

BP plc (London; www.bp.com) announced that it has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company Limited (SECCO) to Gaoqiao Petrochemical Co., a 100% subsidiary of China Petroleum & Chemical Corp. (Sinopec), BP’s joint venture (JV)…

Sadara starts up fourth polyethylene production unit

The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that its joint venture (JV) in the Middle East—Sadara Chemical Company (Sadara)—has achieved a significant milestone with the commercialization of Sadara’s entire plastics franchise. The startup of Sadara’s high-pressure low-density polyethylene (LDPE)…