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Latest News: Business

Anellotech to partner with South Hampton Resources on new testing facility in Texas

Anellotech Inc. (Pearl River, N.Y.; www.anellotech.com), a sustainable technology company focused on producing cost-competitive renewable chemicals from non-food biomass, announced that the company has selected South Hampton Resources (SHR), a wholly owned subsidiary of Trecora Resources as the operating partner…

BP and Rosneft to restructure German petroleum-refining joint venture

BP plc (London; www.bp.com) and Rosneft (Moscow, Russia; www.rosneft.com) announced that they have signed a binding agreement to dissolve the existing refining joint venture (JV) Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of…

3M to sell its Pressurized Polyurethane Foam Adhesives business

3M (St. Paul, Minn.; www.3m.com) announced that it has entered into an agreement to sell to Innovative Chemical Products Group (ICP Group), a portfolio company of Audax Private Equity, the assets of 3M’s Pressurized Polyurethane Foam Adhesives business (formerly known…

Tesoro unveils plans to integrate biofuels co-processing at existing petroleum refineries

Tesoro Corp. (San Antonio, Tex.; www.tsocorp.com) announced its plan to foster the development of biocrude made from renewable biomass, which can be co-processed in its existing refineries, along with traditional crude oil. Converting renewable biomass into biocrude is expected to…

Brenntag to acquire German high-performance polymer specialist

Brenntag AG (Mülheim an der Ruhr, Germany; www.brenntag.com) has signed an agreement to acquire Leis Polytechnik polymere Werkstoffe GmbH, based in Ramstein-Miesenbach, Germany. The company is specialized in the development, production and distribution of high-performance polymer compounds. Karsten Beckmann, Member…

Clariant breaks ground on new packaging plant in India

Clariant (Muttez, Switzerland; www.clariant.com) performed the groundbreaking ceremony of a new manufacturing plant in Cuddalore, for moisture-control products, intended for the pharma industry. In December 2015, Clariant had announced plans to invest CHF 10 million in this Healthcare Packaging plant,…

M&G Chemicals to increase PET and PTA production capacity in Corpus Christi

M&G Chemicals (Ettelbruck , Luxembourg; www.mg-chemicals.com) plans to increase the capacity of its Corpus Christi, Tex. facility by over 100,000 metric tons (m.t.) of integrated polyethylene terephthalate (PET), reaching the total amount of at least 1,100,00 m.t. of PET. Purified…

Amec Foster Wheeler awarded U.S. ammonia project contract

  Amec Foster Wheeler (London, U.K.; www.amecfw.com) announces today the award of a contract to provide project development support and design engineering for an integrated 80,000 metric ton per year anhydrous ammonia production plant and electric power cogeneration facility, through…

Air Products receives PED certification for new biogas-membrane separators

  Air Products’ (Lehigh Valley, Pa.; www.airproducts.com) PRISM Membranes division in Saint Louis, Missouri, has received PED (Pressure Equipment Directive) certification for two new sizes of membrane separators for biogas upgrading applications. This certification, from DNV GL Business Assurance Italia…

Praxair Surface Technologies and GE Aviation to form JV

  Praxair, Inc. (Danbury, Conn.; www.praxair.com) today announced that GE Aviation (www.ge.com/aviation) and Praxair Surface Technologies, Inc. (www.praxairsurfacetechnologies.com), a wholly-owned subsidiary of Praxair, Inc., have entered into a definitive agreement to form a joint venture (JV) for the development, support…