Latest News: Business
Ineos Styrolution and Agilyx to develop polystyrene recycling technology
Agilyx Corp. (Tigard, Oregon; www.agilyx.com) and INEOS Styrolution (Frankfurt am Main, Germany; www.ineos-styrolution.com) have signed a joint development agreement to develop a recycling process for polystyrene based on “chemical recycling” in the USA. This collaboration is aimed at achieving a…
Owens Corning to expand composites facility in France
Owens Corning (Toledo, Ohio; www.owenscorning.com) has announced plans to invest $50 million to rebuild a glass melter and expand production capacity by approximately 25% at its Chambéry, France, composites manufacturing facility. The investment will support the growing demand for thermoplastics…
Ineos Oxide to increase production capacity for ethylidene norbornene
Ineos (London; www.ineos.com) announced that INEOS Oxide plans to expand its ethylidene norbornene (ENB) plant in Antwerp, increasing capacity by 7,500 metric tons per year (m.t./yr) to 35,500 m.t./yr, with the capacity being available by the end of 2018. “We…
Stamicarbon acquires stake in Alabama-based fertilizer startup
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.it) announced that its subsidiary Stamicarbon has acquired a 20% stake in Pursell Agri-Tech, LLC, a U.S.-based startup company specialized in developing and marketing polymer-coated, controlled-release fertilizers. The amount of Stamicarbon’s investment is equal to…
Statoil, Shell and Total enter CO2 storage partnership
Statoil, Shell and Total have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage (CCS) in…
Neste to acquire Jacobs’ share of Neste Jacobs
Neste Corp. (Espoo, Finland; www.neste.com) and Jacobs Engineering Group (Dallas, Tex.; www.jacobs.com) have agreed that Neste will acquire the 40% shareholding of Jacobs in Neste Jacobs Oy (www.nestejacobs.com). After this transaction, Neste holds all shares in Neste Jacobs. "Neste Jacobs…
Cabot and DowDuPont mark groundbreaking of new fumed silica site in Kentucky
Sean Keohane, president and chief executive officer of Cabot Corp. (Boston, Mass.; www.cabot-corp.com) and Howard Ungerleider, chief financial officer of DowDuPont joined more than 150 local officials, business leaders and community members to celebrate the groundbreaking of Cabot’s fumed silica plant…
Ecolab to acquire Georgia-Pacific’s paper chemicals business
Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) has signed an agreement to acquire the paper chemicals business from Georgia-Pacific. This business supplies differentiated products and applications that provide strength, softness and durability to paper. These products and applications will enhance Ecolab’s position…
Kemira to form fatty acid JV in China
Kemira Oyj (Helsinki, Finland; www.kemira.com) has signed an agreement to form a joint venture - Kemira TC Wanfeng Chemicals Yanzhou (NewCo) - with Shandong Tiancheng Wanfeng Chemical Technology (Tiancheng). NewCo will strengthen Kemira's position as the global leader in Pulp…
Borealis moves to FEED phase for new PDH plant in Belgium
Borealis AG (Vienna, Austria; www.borealisgroup.com) will move to the FEED-phase for a new, world-scale propane dehydrogenation (PDH) plant, after successfully concluding a pre-FEED feasibility study in June 2017. The facility is planned to be located at the existing Borealis production…