Mobile Navigation

Latest News: Business

Global CPRI rises to end third quarter, ACC report says

The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) ended the third quarter by rising 0.3% on a three-month-moving-average basis. The Global CPRI data are discussed in the ACC’s latest Weekly Chemistry and Economic…

DuPont opens cellulosic ethanol facility in Iowa

DuPont (Wilmington, Del.; www.dupont.com) celebrated the opening of its cellulosic biofuel facility in Nevada, Iowa, with a ceremony including Iowa Gov. Terry Brandstad and many other dignitaries. This biorefinery is the world’s largest cellulosic ethanol plant, with the capacity to…

ExxonMobil to expand Rotterdam hydrocracker unit

ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) will expand the hydrocracker unit at its Rotterdam refinery to upgrade heavier byproducts into cleaner, higher-value finished products, including EHC Group II base stocks and ultra-low sulfur diesel, to meet growing global market demand. The…

Yara acquires Pilbara ammonia and nitrate assets from Apache Corporation

Yara International ASA (Oslo, Norway; www.yara.com) has acquired 100% of the shares in Apache Fertilisers Pty. Ltd., which holds Apache's 49% ownership position in Yara Pilbara Holdings Pty. Ltd. (YPHL), for $391 million. YPHL owns 100% of the Yara Pilbara…

Analytik Jena opens branch office at Endress+Hauser Reinach site

Analytik Jena AG (www.analytik-jena.de) has established a branch office on the premises of Endress+Hauser Group’s (Reinach, Switzerland; www.endress.com) Reinach site in Switzerland. “This step is part of our strategy to further expand our international sales structure and to establish our…

BASF to convert Pasadena plant to produce non-ortho-phthalate plasticizer

BASF SE (Ludwigshafen, Germany; www.basf.com) is planning to start production of Palatinol DOTP (diethylhexyl terephthalate) in North America in 2017 by investing in dedicated production facilities in Pasadena, Tex. The project will help meet the growing demand for non-ortho-phthalate plasticizers…

Evonik opens expanded specialty-silica facilities in Japan

Evonik Industries AG (Essen, Germany; www.evonik.com) has opened its expanded facilities in Ako, Japan, where the company will produce its Sipernat and Carplex lines of specialty silicas. The investment represents a roughly 50% increase in Evonik’s Japanese production capacity for…

Air Products building helium plant for RasGas; Wins long-term He-supply contract

  Air Products (Lehigh Valley, Pa.; www.airproducts.com) today announced two big helium market wins. Air Products will supply to RasGas Company Ltd (RasGas), the helium licensor package equipment for the new Helium 3 plant to be located at the Barzan…

Sibur merges BOPP film and polymers businesses; names new leadership

Sibur's (Moscow; www.sibur.com) subsidiary Biaxplen, Russia's largest producer of biaxially-oriented polypropylene (BOPP) film, has been integrated into the company's Basic Polymers Division. The facilities operated by the Division produce polypropylene, the main feedstock for BOPP film. The integration will ensure leaner…

Mitsui to sell stake in Brazil-based bioethanol JV to Dow

Mitsui & Co., Ltd. (Tokyo; www.mitsui.com) has reached an agreement to sell its entire stake in its Brazil-based associated company, Santa Vitória Açúcar e Álcool Ltda (SVAA), to The Dow Chemical Company (Midland, Mich.; www.dow.com) for approximately $200 million. The…