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Latest News: Business

Solvay’s desalination and phosphorus-based water-additives business acquired by Italmatch

Solvay (Brussels, Belgium; www.solvay.com) has entered into an agreement under which its desalination and phosphonates and phosphonic acid-based water additives business will be acquired by Italmatch Chemicals Group. The transaction is consistent with Italmatch Chemicals Group’s growth strategy and strengthens…

Black & Veatch wins two major desalination projects in Asia

  Black & Veatch (Overland Park, Kan.; www.bv.com) will perform key roles in two upcoming desalination projects in Hong Kong and Singapore. Both central to each city’s water resiliency planning, the two plants are set to establish new design and…

ICA Fluor to build $1-billion petroleum-refining facility in Mexico

  Fluor Corp. (Irving, Tex.; www.fluor.com) says that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, S.A.B. de C.V. (www.ica.com.mx/ir), was authorized by Pemex Transformación Industrial (Pemex) to proceed with the engineering, procurement and construction (Phase…

Chemical equity prices off for 2015, ACC report says

The S&P Chemicals Index, a measure of equity prices for chemical companies, fell 4.0% in December and ended 2015 down 6.3% compared to the beginning of the year, according to the first Weekly Chemistry and Economic Report of 2016, from…

Technip awarded contract by Air Products for a H2 plant in Baytown

  Technip (Paris, France; www.technip.com) was awarded a contract by Air Products (Lehigh Valley, Pa.; www.airproducts.com) to provide technology, engineering and procurement services for a grassroots hydrogen plant in Baytown, Texas. The 3.5 million standard cubic meters per day plant…

Axens to expand its sulfur abatement portfolio

  Axens North America Inc. (Houston; www.axens.net) has entered into an Asset Purchase Agreement (APA) with Scutter Enterprises, L.L.C. (Chesterfield, Missouri) to purchase assets and technology related to sulfur removal products. Scutter was created in 2009 and specialized in solid…

PPG to increase precipitated silica production capacity at Lake Charles plant

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced that it is increasing precipitated silica production capacity at its Lake Charles, La., manufacturing plant by more than 10,000 metric tons per year (m.t./yr) in response to growing demand. “PPG remains committed to…

Lanxess starts up expanded plastics-compounding line at North Carolina facility

Lanxess AG (Cologne, Germany; www.lanxess.com) has started up a second production line for high-performance plastics compounding at its facility in Gastonia, North Carolina, as planned. The new line represents an investment of about $15 million and doubles the site’s production…

Endress+Hauser announces changes to executive board

The Endress+Hauser Group (Reinach, Switzerland; www.endress.com) is making personnel changes to its Executive Board. Gerhard Jost, a member of the Executive Board, retired at the end of 2015. Manfred Jagiella has joined the Group’s top management panel. On June 1,…

Hoerbiger acquires Newson Gale

  Effective January 4, 2016 Hoerbiger Group (Zug, Switzerland; www.hoerbiger.com) acquired Newson Gale (Nottingham, U.K.; www.newson-gale.com). The privately owned business, of which the majority of shares has been held by the founder Ernest Kochmann and his family while a minority…