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Latest News: Business

BioAmber opens world’s largest succinic acid production facility

BioAmber Inc. (Montreal, Canada; www.bio-amber.com) has announced the opening of its BioAmber Sarnia plant that was jointly built with Mitsui & Co., Ltd. The new plant uses innovative biotechnology, and will produce 30,000 metric tons per year (m.t./yr) of biobased…

OriginClear acquires Dallas-based water-treamtent company

OriginClear, Inc. (Loa Angeles, Calif.; www.originclear.com), a leading provider of water-treatment solutions, announced that it has entered into a definitive agreement to acquire 100% of Dallas-based Progressive Water Treatment Inc., (PWT; www.progressivewater.com) for preferred stock that may be converted to…

Enel Energia begins construction on CCHP biomass plant in Italy

Enel Energia (Rome, Italy; www.enel.com) has begun construction of an innovative CCHP (combined cooling, heat and power) mini-biomass plant at the historic Luxottica factory in Agordo, in the Veneto region’s Belluno province. The plant, with a capacity of 199 kWe,…

ExxonMobil to expand production capacity at Beaumont refinery

ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day (bbl/d). This expansion will further strengthen ExxonMobil’s integrated downstream portfolio in Southeast Texas. “This project…

Production of major plastic resins rose in June, ACC says

According to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), production of major plastic resins totaled 6.5 billion pounds during June 2015, up 2.6% compared to June of last year. Year-to-date production was 38.7 billion pounds, a 3.3%…

Messer to build new oxygen-production plant in Estonia

  As part of the joint venture Elme Messer Gaas, Messer, the largest privately owned industrial gases specialist and the second shareholder, the BLRT Grupp, one of the biggest industrial holdings in the Baltic States, have invested around 5 million…

Fluor and Sacyr form new JV in Spain

  Fluor Corp. (Irving, Tex.; www.fluor.com) has signed an agreement to divest 50% of shares in its Spanish operations, Fluor S.A., to Sacyr Industrial S.L.U. (www.sacyr.com), a leading multinational Spanish construction company. The new entity, SacyrFluor, will be headquartered in…

Solvay strengthens aerospace, automotive presence with Cytec acquisition

Solvay S.A. (Brussels, Belgium; www.solvay.com) has entered into a definitive merger agreement with U.S.-based Cytec to acquire 100% of its share capital for $75.25 per share in cash. The total cash consideration will amount to $5.5 billion, corresponding to an…

Yara invests in urea granulation capacity expansion

Yara International ASA (Oslo, Norway; www.yara.com) is investing $263 million in Sluiskil, the Netherlands to increase granulation capacity, enabling increased production of granular urea with sulfur, and nitrates. In 2011, Yara completed the construction of a new world-scale urea solution…

H.B. Fuller breaks ground on new adhesives plant in Indonesia

H.B. Fuller Co. (St. Paul, Minn.; www.hbfuller.com) broke ground on its future manufacturing facility in Surabaya, Indonesia. This future facility will strengthen H.B. Fuller’s network in the Asia Pacific region and will complement the products and technical service offered by…