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Latest News: Business

BASF and Aspen Aerogels announce strategic partnership

BASF SE (Ludwigshafen, Germany; www.basf.com) and Aspen Aerogels, Inc. (Northborough, Mass.; www.aerogel.com) announced today the expansion of their strategic partnership with the signing of an exclusive supply agreement and a joint development agreement. The agreements are designed to increase market…

Veolia moves North American headquarters to Boston

Veolia (Paris, France; www.veolia.com) announced that it is moving its North American zone headquarters to Boston.    With approximately 7,900 North American employees – including 280 in the Boston/Cambridge area and a total of more than 700 in Massachusetts, Veolia…

Hexion announces capacity expansion for resin-coated proppants

The Oilfield Technology Group (OTG) of specialty chemicals company Hexion Inc. (Columbus, Ohio; www.hexion.com/oilfield) announced the expansion of its resin-coated proppant manufacturing facility in Canada to provide a more efficient supply of proppants to fracturing service companies and operators in…

Jacobs wins detailed engineering contract for PVC plant expansion in Egypt

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) received a contract to provide detailed engineering and procurement assistance services to TCI Sanmar Chemical S.A.E. for its PVC-2 polyvinyl chloride plant expansion project in Port Said, Egypt. When complete, the PVC-2 facility’s…

Chemical Activity Barometer continues solid growth in June, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), expanded 0.8 percent in June following a revised 0.9 percent increase in May and 0.7 percent increase in April. All data…

Wison Engineering announces groundbreaking for UAE ethylene project

Wison Engineering Services Co. (Shanghai; www.wison-engineering.com), one of the largest private sector chemical engineering, procurement and construction management (EPC) service providers in China, is pleased to announce that the company has kicked off its first EPC project on site in…

Amec Foster Wheeler wins BP Iraq contract

Amec Foster Wheeler (London, U.K.; www.amecfw.com) announces today the award of a three-year framework agreement by BP Iraq NV (BP) to complete conceptual studies and pre-front end engineering design (FEED) work to support BP plans to sustain and grown production…

U.S. specialty chemicals continue 2nd quarter on soft note, ACC says

The Specialty Chemicals Market Volume Index, a tool created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) continued the second quarter of 2016 on a soft note, slipping 0.3 percent on a three-month moving average (3MMA) basis in May.…

PPG to sell European fiber glass operations to Nippon Electric Glass

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced that it has signed an agreement for the sale of its European fiber glass operations to glass manufacturer Nippon Electric Glass Co. Ltd. (NEG). The transaction is subject to completion of employee consultation…

Honeywell UOP opens new catalyst production line in Shreveport

Honeywell UOP (Des Plaines, Ill.; www.uop.com) opened a new production line at its catalyst manufacturing facility in Shreveport, La. The $150-million investment will enable Honeywell UOP to produce a new range of catalysts for the oil refining industry at the…