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Latest News: Business

Solvay to divest OLED portfolio to Nissan Chemical Industries

Solvay S.A. (Brussels, Belgium; www.solvay.com) has reached a final agreement with Nissan Chemical Industries Ltd. to divest most of its OLED (organic lighting emitting diode) patent portfolio. The sale follows a strategic analysis of the Organic Electronics market showing that…

Praxair acquires CO2 plant in Utah

Praxair, Inc. (Danbury, Conn.; www.praxair.com) has acquired and will operate a 300-ton-per-day carbon dioxide (CO2) purification and liquefaction plant from PureCO2, LP. Owned by Ferus, LP, PureCO2 is a producer and distributor of liquefied food- and beverage-quality CO2, located in…

CB&I names new chief operating officer

CB&I (The Woodlands, Tex; www.cbi.com) announced that Patrick K. Mullen has been promoted to Chief Operating Officer, effective immediately. In this new role, Mr. Mullen will have responsibility for CB&I's project operations, commercial and support functions around the world, in…

Solvay building new composite resin production facility in Germany

Solvay S.A. (Brussels, Belgium; www.solvay.com) is expanding its composite materials capacities with a state-of-the-art resin facility and an upgraded site in Germany, to meet growing demand from aircraft customers for lightweighting materials and to provide first-rate products and services for…

OCP licenses Shell Thiogro technology

OCP (www.ocpgroup.ma) and Shell (www.shell.com) are pleased to announce that they have signed a key strategic agreement regarding the license of Shell Thiogro technology. The Shell Thiogro technology (www.chemengonline.com/joint-effort-enable-production-sulfur-enhanced-urea-large-scale) will enable OCP to produce highly concentrated sulfur-enhanced fertilizers, helping end-users…

U.S. specialty chemicals market notches 2nd consecutive monthly gain, ACC says

The American Chemistry Council (ACC; Washington, D.C.; www.chemengonline.com) reported that U.S. specialty chemicals market volumes rose 0.3 percent in August. This follows a 0.4 percent gain in July and a 0.3 percent decline in June. All changes in the data…

Amec Foster Wheeler wins contract for biomass fired CFB boiler

Amec Foster Wheeler (London, U.K.; www.amecfw.com) has been awarded a contract and received notice to proceed by Tecnicas Reunidas SA and Samsung C&T EC UK to design and supply a circulating fluidized-bed (CFB) steam generator for the Tees Renewable Energy…

Technip awarded EPC contract for ENOC refinery expansion

Technip (Paris, France; www.technip.com) was awarded the Engineering Procurement and Construction (EPC) contract for the design and construction of new processing units and ancillary units from the Emirates National Oil Company (ENOC). ENOC revealed plans to expand the capacity of…

Linde and Petronas to build industrial gas facility at Malaysian refinery complex

Linde Malaysia Sdn Bhd, a subsidiary of The Linde Group (Munich, Germany; www.linde.com) announced that it has established a joint venture (JV) company with PETRONAS Gas Berhad (PGB) to build a state-of-the-art industrial air gas facility that will produce gaseous…

Solvay divests two business lines to Italmatch

Solvay S.A. (Brussels, Belgium; www.solvay.com) has sold its Ionquest 290 solvent extraction product line used in mining applications and its octylphosphonic acid (OPA) product lines to Italmatch Chemicals. With this sale Solvay satisfies all remaining obligations set forth by the…