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Latest News: Business

Jacobs acquires The Van Dyke Technology Group

  Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has acquired The Van Dyke Technology Group, Inc. (Van Dyke; Columbia, Md.; www.vdtg.com), a 180-person cybersecurity firm specializing in identity and access management, threat mitigation and other cybersecurity solutions for enterprise networks…

BASF obtains battery material license from CAMX Power

  The Catalyst Div. of BASF Corp. (Iselin, N.J.; www.catalysts.basf.com) and CAMX Power LLC (CAMX; Lexington, Mass.; www.camxpower.com) today announced that BASF has been granted a license under the intellectual property of CAMX relating to the CAMX suite of CAM-7…

Kelvion appoints new CEO

  Robert Wassmer will be joining Kelvion, a globally active manufacturer of industrial heat exchangers, as CEO and managing director of Kelvion Holding GmbH (Bochum, Germany; www.kelvion.com), effective as of 1 July, 2016. Wassmer is an experienced CEO with extensive…

Clariant and BioSpectrum agree on strategic partnership

  Clariant (Muttenz, Switzerland; www.clariant.com) has signed an agreement to acquire a 17% share in BioSpectrum, Inc. (South Korea; www.biospectrum.com), a leading developer and supplier of specialty active cosmetics’ ingredients derived from Asia’s diverse flora that have proven benefits for…

MHI, MCO and MHPS to collaborate with ExxonMobil in advanced gas-turbine technology

  Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi-global.com), Mitsubishi Heavy Industries Compressor Corp. (MCO) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have announced their collaboration with Exxon Mobil Corp. (www.exxonmobile.com) to develop and explore new applications for their latest…

Vertellus completes expansion for DEET capacity

Vertellus Specialties (Indianapolis, Ind.; www.vertellus.com), a global manufacturer of fine and specialty chemicals, has expanded DEET (diethyl toluamide) production capacity at its Greensboro, N.C. site. Initiated in January 2016, the completed expansion boosts DEET production capacity by 80%.  DEET is…

Dow wins U.S. water prize

The Dow Chemical Co. (Midland, Mich.; www.dow.com) has been awarded the prestigious U.S. Water Prize by the U.S. Water Alliance for its work in promoting and enabling more sustainable use and management of water by companies across the water value…

BOC gases and ITM Power sign hydrogen refueling and siting agreement

BOC (London, U.K.; www.boconline.com), the UK’s largest supplier of industrial gases, has announced that it has signed an agreement with ITM Power, the energy storage and clean fuel company, to provide infrastructure for ITM Power’s new electrolyzer-based hydrogen refueling stations…

Startup of new purified terephthalic acid line in China

INVISTA Performance Technologies (IPT; Shanghai, China; www.ipt.invista.com) and China Prosperity (Jiangyin) Petrochemical Company Limited (also referred to as Hanbang Petrochemical) announced successful start-up of China Prosperity’s second PTA (purified terephthalic acid) line. On-spec product was achieved within 24 hours of…

Inventory imbalance observed in whole chemical trade, ACC says

Wholesale trade in chemicals rose 0.5% (to $9.96 billion) during February, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), but at the same time, inventories climbed 0.1% to $12.81 billion.…